MINNEAPOLIS--(BUSINESS WIRE)--Sep. 15, 2014--
American Municipal Income Portfolio Inc. (NYSE: XAA) (the "Fund”)
announced that, at the reconvened Special Meeting of Shareholders held
today, all proposals presented at the meeting were approved by
shareholders, including proposals to merge the Fund with and into Nuveen
Investment Quality Municipal Fund, Inc. (NYSE: NQM) (the “Acquiring
Fund”), a closed-end fund managed by Nuveen Fund Advisors, LLC and
subadvised by Nuveen Asset Management, LLC, both current sub-advisors of
the Fund, and to approve certain sub-advisory agreements for the Fund in
connection with the previously announced acquisition of Nuveen
Investments, Inc. by TIAA-CREF. The merger approved by the Fund’s
shareholders is expected to become effective on October 6, 2014, subject
to the satisfaction of customary closing conditions. On the effective
date of the merger, shareholders of the Fund will become shareholders of
the Acquiring Fund.
For more information about the Fund, visit www.firstamericanfunds.com
or call 800.677.3863.
Minneapolis-based U.S. Bancorp Asset Management, Inc. serves as
investment advisor to the First American Closed-End Funds. A subsidiary
of U.S. Bank National Association, U.S. Bancorp Asset Management focuses
on providing investment management services to institutional clients,
including corporations, public entities and nonprofits. It has combined
assets under management of more than $52 billion as of August 31, 2014.
First American Closed-End Funds are subadvised by Nuveen Fund Advisors,
LLC and Nuveen Asset Management, LLC.
Investment products, including shares of closed-end funds, are not
obligations of, or guaranteed by, any bank, including U.S. Bank or any
U.S. Bancorp affiliate, nor are they insured by the Federal Deposit
Insurance Corporation, the Federal Reserve Board, or any other agency.
An investment in such products involves investment risk, including
possible loss of principal.
Please remember, you could lose money with this investment. Neither
safety of principal nor stability of income is guaranteed. Past
performance does not guarantee future results.
U.S. Bank National Association is a separate entity and wholly owned
subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the
United States, and provides a comprehensive line of banking, brokerage,
insurance, investment, mortgage, trust and payment services products to
consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com.
Source: U.S. Bancorp Asset Management, Inc.
U.S. Bancorp Asset Management, Inc.
Investor Services, 800-677-3863