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Columbia Taps TCW for New Bond Fund

LOS ANGELES, CA -- (Marketwire) -- 04/26/12 -- We are pleased to announce that TCW will sub-advise a portion of a newly launched multi-manager bond fund, Columbia Active Portfolios Multi-Manager Core Plus Bond Fund (CMCPX). The Fund was launched on April 20, 2012 by Columbia Management. It is offered by Ameriprise Financial in its Active Diversified Portfolios investments series, a discretionary mutual fund wrap program.

TCW will manage a "core plus" sleeve of the fund that will allocate capital among various sectors of the fixed-income markets, including U.S. government, corporate, high yield and mortgage-backed sectors. In addition, exposure to international and emerging markets fixed-income assets will be opportunistically incorporated into the portfolio. The initial investment in the TCW-managed portion of the fund will be approximately $1 billion.

"We believe TCW's unique capabilities across fixed-income sectors, from high yield to mortgages to emerging markets, will help make this Fund an attractive option to Ameriprise Financial clients," said Marc Stern, Chief Executive Officer of TCW. "We have great respect for Columbia Management and Ameriprise Financial, and we are pleased to expand our relationship through the sub-advisory of this new fund."

Another portion of the fund will be sub-advised by Federated Investment Management Company.

About TCW:
Founded in 1971, The TCW Group, Inc., develops and manages a broad range of innovative, value-added investment strategies that strive to enhance and protect clients' wealth. The firm has approximately $128 billion in assets under management with $73 billion in fixed-income assets. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. For more information, please refer to www.tcw.com.

About Columbia Management:
Columbia Management is the eighth largest manager of long-term mutual fund assets with $326 billion under management as of December 31, 2011. Columbia Management is a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP). For more information, visit columbiamangement.com.

About Ameriprise Financial:
At Ameriprise Financial, we have been helping people feel confident about their financial future for over 115 years. With outstanding asset management, advisory and insurance capabilities and a nationwide network of 10,000 financial advisors, we have the strength and expertise to serve the full range of individual and institutional investors' financial needs. For more information, or to find an Ameriprise financial advisor, visit ameriprise.com.

Brokerage, investment and financial advisory services are made available through Ameriprise Financial Services, Inc. Member FINRA and SIPC. Please review the Ameriprise Managed Accounts Client Disclosure Brochure or, for a consolidated advisory fee relationship, the Ameriprise® Managed Accounts and Financial Planning Service Combined Disclosure Brochure, for a full description of services offered, including fees and expenses.

Investment products are not insured by the FDIC, are not deposits of or obligations of or guaranteed by a financial institution, involve investment risks including possible loss of principal, and may fluctuate in value.

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