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Seligman Select Municipal Fund Declares May Income Dividend Distribution
J. & W. Seligman & Co. Incorporated




New York, May 4, 2007 – Directors of Seligman Select Municipal Fund, Inc. (NYSE: SEL) today declared an income dividend of $0.038 per share. The dividend will be payable May 23, 2007 to shareholders of record on May 14, 2007. Shares of Seligman Select Municipal Fund, Inc. will be offered “ex-dividend” on May 10, 2007.

Seligman Select Municipal Fund, Inc. is managed by J. & W. Seligman & Co. Incorporated (JWS), a New York-based investment manager and advisor, which was founded in 1864. Seligman Advisors, Inc. is the principal underwriter of the Seligman mutual funds managed by JWS. Seligman Services, Inc. provides client services to shareholders of Seligman Select Municipal Fund, Inc. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of JWS.


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