MINNEAPOLIS, April 7 /PRNewswire-FirstCall/ -- Minnesota Municipal Term
Trust II is declaring its final liquidation value of $10.2713, which will be
distributed on a per-share basis on the common stock. This distribution will
be paid on April 10, 2003 to shareholders of record on April 7, 2003.
Minnesota Municipal Term Trust II (AMEX Symbol MNB)
Distribution from ordinary income - taxable $0.0049
Distribution from tax-exempt income $0.3561
Distribution from long-term capital gains $0.5793
Distribution from principal $9.3310
Total liquidation value of MNB shares $10.2713
Shareholders with physical certificates must submit their certificates,
along with a Letter of Transmittal, to EquiServe in order to receive the
principal distribution. However, the income and capital gain distribution
will be mailed on April 10, 2003, regardless of whether or not the physical
certificate has been returned to EquiServe. For those shareholders that have
returned their certificates to EquiServe for cancellation by April 4, 2003,
EquiServe will mail the final principal distribution on the April 10, 2003,
payable date. Shareholders that submit their certificates after April 4,
2003, will be mailed their final principal distribution after the physical
certificates have been received by EquiServe. Holders of physical
certificates should contact EquiServe immediately at 800.426.5523 if they have
lost their certificates or need additional information.
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 had combined assets
under management of $113 billion as of Dec. 31, 2002. The firm has offices in
U.S. Bancorp Asset Management, Inc., serves as the investment adviser 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.
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.