Seligman Select Municipal Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from federal income taxes, consistent with preservation of capital. The Fund invests only in investment-grade, tax-exempt municipal bonds. The Fund’s portfolio is diversified among 22 states, and is concentrated in essential service sectors, including water and sewer bonds, electric utilities and transportation projects. The Company’s investment manager is RiverSource Investments, LLC.