This year’s Turner exhibition will be held at Ebrington in Derry-Londonderry, 2013’s UK City of Culture.
The winner – who will receive £25,000 – will be announced on 2 December.
The other shortlisted artists will each receive £5,000.
Established in 1984, the Turner Prize is awarded to a contemporary artist under 50, living, working or born in Britain, who is judged to have put on the best exhibition of the last 12 months.
Previous winners include Damien Hirst, Antony Gormley and last year’s recipient, the video artist Elizabeth Price.
Lynette Yiadom-Boakye, who lives and works in London, is shortlisted for her Extracts and Verses exhibition at the Chisenhale Gallery.
She is of Ghanaian descent and is the first black woman to be in contention for the award.
Born in 1977, she attended Central Saint Martins College of Art and Design, Falmouth College of Arts and the Royal Academy Schools.
According to the prize’s organisers, her “intriguing” paintings “appear traditional but are in fact much more innovative”.