MINNEAPOLIS, Dec. 5 /PRNewswire-FirstCall/ --
U.S. Bancorp Asset Management, Inc., announced today that
American Municipal Term Trust III (NYSE: CXT) will redeem the remaining
outstanding shares of the Remarketed Preferred Stock ("preferred stock") in
preparation for the anticipated termination and liquidation of CXT on or
before April 15, 2003.
On Dec. 30, 2002, CXT will redeem 264 shares of preferred stock at a
redemption price of $25,000 per share plus accumulated but unpaid dividends
through Dec. 29, 2002. Beneficial owners of shares to be redeemed will be
notified by the paying agent.
Based in Minneapolis, U.S. Bancorp Asset Management, Inc., is a subsidiary
of U.S. Bank National Association. It provides investment management services
to individuals and institutions -- including corporations, foundations,
pension funds, public funds, and retirement plans -- and has combined assets
under management of more than $111 billion as of Sept. 30, 2002. The firm has
offices in Minneapolis, Milwaukee, Madison, Cincinnati, St. Louis, Portland,
Seattle, and Denver.
U.S. Bancorp Asset Management, Inc., serves as the investment advisor to
the First American Funds. U.S. Bank National Association is a separate entity
and wholly owned subsidiary of U.S. Bancorp (NYSE: USB), 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. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp
on the Web at http://www.usbank.com .
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 the
principal amount invested.
Nondeposit investment products are not insured by the FDIC, are not
deposits or other obligations of or guaranteed by U.S. Bank National
Association or its affiliates, and involve investment risks, including
possible loss of the principal amount invested.
SOURCE U.S. Bancorp Asset Management, Inc.