U.S. Bank Home   Customer Service   Contact Us   Locations   Careers   About U.S. Bancorp   
U.S. Bank

Search
 
About



About



Related Links
Careers at U.S. Bancorp
Community Relations
Corporate Governance
Resources
IR Tool Kit
Print PagePrint Page
E-mail PageE-mail Page
RSS FeedsRSS Feeds
IR ContactsIR Contacts


Printer Friendly Version View printer-friendly version
<< Back
U.S. Bancorp Asset Management, Inc., Announces Financial Positions for Closed- End Funds

MINNEAPOLIS, Nov. 18 /PRNewswire-FirstCall/ -- U.S. Bancorp Asset Management, Inc., today announced the financial positions for the following closed-end funds for the month ended Oct. 31, 2002.

Net investment income and distribution information for the month ended Oct. 31, 2002:

                                                                  Accumulated
                                                                 Undistributed
                                           Preferred        Net        Net
                               Common    Distributions  Investment  Investment
                               Monthly       During       Income/    Income/
     Fund         Symbol  Distributions (a) Month (b)    Share (c)  Share (d)
     American
      Municipal
      Term Trust
      III           CXT        $0.0475       $0.0024      $0.0505     $0.6701
     Minnesota
      Municipal
      Term Trust
      II            MNB        $0.0492       $0.0009      $0.0369     $0.5491
     American
      Municipal
      Income
      Portfolio     XAA        $0.0780 (f)   $0.0088      $0.0891     $0.2394
     Minnesota
      Municipal
      Income
      Portfolio     MXA        $0.0780       $0.0079      $0.0861     $0.2275


                                                                  Accumulated
                                                                 Undistributed
                                                            Net        Net
                                          Common        Investment  Investment
                                          Monthly         Income/    Income/
     Fund                     Symbol  Distributions (a)  Share (c)  Share (d)
     American Strategic
      Income Portfolio          ASP       $0.0725         $0.0767    $0.0034
     American Strategic
      Income Portfolio II       BSP       $0.0950         $0.0899    $0.0847
     American Strategic
      Income Portfolio III      CSP       $0.0875         $0.0807    $0.0670
     American Select Portfolio  SLA       $0.1000         $0.0923    $0.0715
     American Income Fund       MRF       $0.0575         $0.0597    $0.0100


    Financial positions for the month ended Oct. 31, 2002:

                                      Total Assets  Net Assets (e)  NAV per
    Fund                        Symbol    (000)         (000)     Common Share
    American Municipal Term
     Trust III                    CXT    $64,416      $57,766        $10.90
    Minnesota Municipal Term
     Trust II                     MNB    $36,822      $36,748        $10.62
    American Municipal Income
     Portfolio                    XAA   $132,282      $87,456        $15.19
    Minnesota Municipal Income
     Portfolio                    MXA    $93,907      $62,718        $15.12
    American Strategic Income
     Portfolio                    ASP    $71,082      $53,488        $12.64
    American Strategic Income
     Portfolio II                 BSP   $289,263     $211,973        $13.28
    American Strategic Income
     Portfolio III                CSP   $356,417     $267,805        $12.54
    American Select Portfolio     SLA   $180,734     $143,813        $13.48
    American Income Fund          MRF   $116,184      $82,297         $8.70


    Financial positions for the month ended Oct. 31, 2001:

                                      Total Assets  Net Assets (e)  NAV per
    Fund                        Symbol    (000)         (000)     Common Share
    American Municipal Term
     Trust III                    CXT    $86,322      $59,662        $11.26
    Minnesota Municipal Term
     Trust II                     MNB    $54,575      $37,167        $10.74
    American Municipal Income
     Portfolio                    XAA   $130,408      $86,804        $15.08
    Minnesota Municipal
     Income Portfolio             MXA    $93,203      $61,999        $14.95
    American Strategic Income
     Portfolio                    ASP    $64,676      $53,817        $12.72
    American Strategic Income
     Portfolio II                 BSP   $241,362     $210,983        $13.22
    American Strategic Income
     Portfolio III                CSP   $346,773     $268,063        $12.56
    American Select Portfolio     SLA   $191,093     $143,299        $13.44
    American Income Fund          MRF   $119,873      $87,033         $9.21


    Financial positions for the month ended Oct. 31, 2000:

                                      Total Assets  Net Assets (e)  NAV per
    Fund                        Symbol    (000)         (000)     Common Share
    American Municipal Term
     Trust III                    CXT    $84,342      $57,681        $10.88
    Minnesota Municipal Term
     Trust II                     MNB    $53,116      $35,711        $10.32
    American Municipal Income
     Portfolio                    XAA   $125,757      $80,437        $13.97
    Minnesota Municipal
     Income Portfolio             MXA    $88,809      $57,621        $13.90
    American Strategic Income
     Portfolio                    ASP    $72,363      $52,376        $12.38
    American Strategic Income
     Portfolio II                 BSP   $273,304     $202,041        $12.66
    American Strategic Income
     Portfolio III                CSP   $353,354     $256,510        $12.02
    American Select Portfolio     SLA   $195,108     $135,579        $12.72


    (a) These distributions were declared on Sept. 20, 2002.  They had an
        Oct. 1, 2002, ex-dividend date and were paid on Oct. 23, 2002, to
        shareholders of record on Oct. 3, 2002.
    (b) Calculated by dividing preferred distributions paid during the month
        by the number of common shares outstanding.
    (c) Based on a three-month average.
    (d) Accumulated, undistributed net investment income is reflected in a
        fund's net asset value.  Any reduction of this amount will reduce net
        asset value penny for penny.
    (e) The difference between net assets and total assets for CXT, XAA and
        MXA is primarily due to the issuance of preferred stock; net assets
        reflect common stock only.  For ASP, BSP, CSP, SLA and MRF, the
        difference is primarily due to the funds' use of borrowings.
    (f) Includes $0.07686 from tax-exempt net investment income and $0.00114
        from taxable investment income.

The Funds' investment advisor, U.S. Bancorp Asset Management, Inc. ("USBAM"), is based in Minneapolis and is a subsidiary of U.S. Bank National Association ("USBNA"). USBAM provides investment management services to individuals and institutions, including corporations, foundations, pension funds, public funds, and retirement plans, and had combined assets under management of more than $111 billion as of Sept. 30, 2002. USBNA is a subsidiary of U.S. Bancorp (NYSE: USB). U.S. Bancorp is the eighth-largest financial services holding company in the United States and a leading provider of comprehensive banking, trust, investment, and payment systems products and services. Visit us on the web at usbank.com.

Investment products, including shares of closed-end funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank National Association 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.

Make Your Opinion Count - Click Here

http://tbutton.prnewswire.com/prn/11690X88782428

SOURCE U.S. Bancorp Asset Management, Inc.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding U.S. Bancorp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.



The information that is on or available through this site is for informational purposes only and speaks only as of the particular date or dates of that information. We do not guarantee the accuracy or completeness of information on or available through this site, and we are not responsible for inaccuracies or omissions in that information or for actions taken in reliance on that information. U.S. Bancorp does not undertake an obligation, and disclaims any duty, to update any of the information on or available through this site.

This site is supported through the use of Microsoft Internet Explorer Browser, version 6.x or higher. Use of older or other browsers may cause pages to improperly display. We regret any inconvenience that this may cause.





Privacy Pledge   |   © 2010 U.S. Bancorp Site Map   |   Careers