Columbia Management Earns Two Lipper Fund Awards

Two Columbia Management funds have received 2014 Lipper Fund Awards as top-performing mutual funds in their respective Lipper categories as of December 31, 2013:

• Columbia Select Large-Cap Value Fund (R5 shares)
  Large-Cap Value category (84 funds) – 10 years

• Columbia Marsico Flexible Capital Fund (I shares)
  Global Flexible Portfolio category (73 funds) – 3 years

A Lipper Fund Award is presented to one fund in each Lipper category for achieving the strongest trend of consistent risk-adjusted performance versus category peers over three, five or 10 years for the period ending December 31, 2013.

“We are pleased to have these two funds recognized by Lipper for their consistent, risk adjusted performance,” said Colin Moore, Chief Investment Officer. “The awards underscore the importance Columbia Management places on rigorous research and a disciplined investment process in the service of our clients.”

This is the third consecutive year that Columbia Select Large-Cap Value Fund has earned a Lipper Award in the Large-Cap Value category. The fund received the award for 5-year performance in 2012 (402 funds) and 2013 (102 funds) as well as for 10-year performance in 2013 (84 funds).

About Columbia Management:
Columbia Management is the eighth largest manager of long-term mutual fund assets with $356 billion under management as of December 31, 2013. Columbia Management is a subsidiary of Ameriprise Financial, Inc. (NYSE:AMP). For more information, visit columbiamangement.com.

Source: Lipper, as of 12/31/13.

1 Class I shares are available only to other Columbia Funds and are not available to individual investors. Class R5 shares are sold at net asset value and have limited eligibility. Columbia Management offers multiple share classes, not all necessarily available through all firms, and the share class ratings may vary. Contact us for details.

2 The inception date of Class R5 shares of Columbia Select Large-Cap Value Fund is 11/30/2001. The returns shown for periods prior to this date include the returns of the oldest share class of the fund, adjusted to reflect higher class-related operating expenses, as applicable. In addition, the returns shown include the returns of any predecessor to the fund. Please visit columbiamanagement.com/institutional/strategies-and-products/appended-performance for more information.

The performance information shown represents past performance and is not a guarantee of future results. The investment return and principal value of an investment will fluctuate so that the shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance information shown. You may obtain performance information current to the most recent month-end by visiting columbiamanagement.com.

The investment manager and certain of its affiliates have contractually (for at least the current fiscal year) and/or voluntarily agreed to waive certain fees and/or to reimburse certain expenses of the Fund, as described in the Fund's prospectus, unless sooner terminated. Contractual waivers/reimbursements may be discontinued before their stated end date at the sole discretion of the Fund’s board and voluntary waivers/reimbursement arrangements, if any, may be discontinued at any time. The Fund’s returns reflect the effect of any fee waivers and/or reimbursements of Fund expenses. Without such fee waivers/expense reimbursements, the Fund’s returns would have been lower.

The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact markets.awards@thomsonreuters.com or visit excellence.thomsonreuters.com.

Investors should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus and if available a summary prospectus, which contains this and other important information about the funds, please visit columbiamanagement.com. The prospectus should be read carefully before investing.

Columbia Select Large Cap-Value Fund: The market value of securities may fall, fail to rise, or fluctuate, sometimes rapidly and unpredictably. Market risk may affect a single issuer, sector of the economy, industry, or the market as a whole. Value securities involve the risk that they may never reach what the portfolio managers believe is their full market value either because the market fails to recognize the stock's intrinsic worth or the portfolio managers misgauged that worth. They also may decline in price, even though in theory they are already undervalued. Because the Fund may hold a limited number of securities, the Fund as a whole is subject to greater risk of loss if any of those securities declines in price.

Columbia Marsico Flexible Capital Fund: There are risks associated with fixed income investments, including credit risk, interest rate risk, and prepayment and extension risk. In general, bond prices rise when interest rates fall and vice versa. This effect is more pronounced for longer-term securities. Non-investment grade securities, commonly called “high-yield” or “junk” bonds, have more volatile prices and carry more risk to principal and income than investment grade securities. International investing involves increased risk and volatility due to potential political and economic instability, currency fluctuations, and differences in financial reporting and accounting standards and oversight. Risks are particularly significant in emerging markets. Investments in small- and mid-capitalization companies involve greater risks and volatility than investments in larger, more established companies.

Columbia Funds are distributed by Columbia Management Investment Distributors, Inc., member FINRA, and managed by Columbia Management Investment Advisers, LLC. Columbia Marsico funds are subadvised by Marsico Capital Management, which is not affiliated with Columbia Management.

© 2014 Columbia Management Investment Advisers, LLC. All rights reserved.

Columbia Management Investment Distributors, Inc.
225 Franklin Street, Boston, MA 02110