Seligman Quality Municipal Fund, Inc. Board Approves Suspension of Monthly Dividends on Common Stock

  
    
  
  
    
      Seligman Quality Municipal Fund, Inc. (NYSE: SQF) (the “Fund”) 
      announced today that its Board of Directors has approved the suspension 
      of payment of monthly dividends on the Fund’s 
      Common Stock. The suspension was approved following the Board’s 
      approval in December 2006 of a plan of complete liquidation and 
      dissolution for the Fund. The Board of Directors has called a special 
      meeting of stockholders to be held on February 15, 2007 to consider the 
      proposal to liquidate the Fund. If the proposal is approved, a special 
      dividend of tax-exempt income may be paid as part of the liquidation 
      payments expected to be made to holders of the Fund’s 
      Common Stock, depending on whether sufficient tax-exempt income is 
      available after provision for the expenses of the liquidation.
    
    
      Seligman Quality Municipal Fund, Inc. is managed by J. & W. Seligman & 
      Co. Incorporated, a New York-based investment manager and advisor, which 
      was founded in 1864.
    
    
      You should consider the investment objectives, risks, charges, and 
      expenses of a fund carefully before investing. You can obtain the Fund's 
      most recent annual, semi-annual and quarterly reports by contacting your 
      financial advisor or Seligman Services, Inc. at 800-597-6068. These 
      reports and other information are also available on the Securities and 
      Exchange Commission's EDGAR Database.