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 15, 2004 /PRNewswire-FirstCall via COMTEX/ -- U.S. Bancorp Asset Management, Inc. today announced the financial positions for the following closed-end funds for the month ended Oct. 31, 2004.


     Net investment income and distribution information for the month ended
     Oct. 31, 2004:
                                                                     Accumu-
                                                                     lated
                                                                     Undistri-
                                                                     buted
                                                           Net       Net
                                      Common               Invest-   Invest-
                                      Monthly              ment      ment
                                      Distri-              Income/   Income/
     Fund                      Symbol butions(a)           Share(b)  Share(c)
     American Strategic Income
      Portfolio                ASP    $0.0725              $0.0991   $0.1127
     American Strategic Income
      Portfolio II             BSP    $0.0950              $0.0912   $0.0503
     American Strategic Income
      Portfolio III            CSP    $0.0875              $0.1046   $0.0841
     American Select Portfolio SLA    $0.0875              $0.0797   $0.0219
     American Income Fund      MRF    $0.0500              $0.0536  ($0.0055)

                                                                     Accumu-
                                                                     lated
                                                                     Undistri-
                                                                     buted
                                                 Preferred Net       Net
                                      Common     Distri-   Invest-   Invest-
                                      Monthly    butions   ment      ment
                                      Distri-    During    Income/   Income/
     Fund                      Symbol butions(a) Month(d)  Share(b)  Share(c)
     American Municipal Income
      Portfolio                XAA    $0.0780    $0.0087   $0.0804   $0.2227
     Minnesota Municipal
      Income Portfolio         MXA    $0.0780    $0.0090   $0.0782   $0.1507
     Minnesota Municipal
      Income Fund II           MXN    $0.06625   $0.0085   $0.0779   $0.0758


     Financial positions for the month ended Oct. 31, 2004:

                                             Total     Net        NAV* per
                                            Assets    Assets(e)     Common
     Fund                      Symbol        (000)        (000)      Share
     American Municipal Income
      Portfolio                XAA       $133,766      $90,117     $15.65
     Minnesota Municipal
      Income Portfolio         MXA        $95,688      $64,502     $15.55
     Minnesota Municipal
      Income Fund II           MXN        $35,091      $22,045     $14.97
     American Strategic Income
      Portfolio                ASP        $61,040      $53,788     $12.71
     American Strategic Income
      Portfolio II             BSP       $237,627     $203,142     $12.70
     American Strategic Income
      Portfolio III            CSP       $306,400     $262,502     $12.29
     American Select Portfolio SLA       $182,699     $140,926     $13.21
     American Income Fund      MRF       $123,160      $86,703      $9.17


     Financial positions for the month ended Oct. 31, 2003:
                                             Total     Net        NAV* per
                                            Assets    Assets(e)     Common
     Fund                      Symbol        (000)        (000)      Share
     American Municipal Income
      Portfolio                XAA       $131,673      $88,066     $15.30
     Minnesota Municipal
      Income Portfolio         MXA        $94,503      $63,324     $15.27
     Minnesota Municipal
      Income Fund II           MXN        $34,142      $21,149     $14.36
     American Strategic Income
      Portfolio                ASP        $70,462      $53,635     $12.68
     American Strategic Income
      Portfolio II             BSP       $265,531     $206,950     $12.96
     American Strategic Income
      Portfolio III            CSP       $352,861     $268,326     $12.57
     American Select Portfolio SLA       $192,458     $142,978     $13.41
     American Income Fund      MRF       $109,141      $85,672      $9.06


     Financial positions for the month ended Oct. 31, 2002:
                                             Total     Net        NAV* per
                                            Assets    Assets(e)     Common
     Fund                      Symbol        (000)        (000)      Share
     American Municipal Income
      Portfolio                XAA       $132,282      $87,456     $15.19
     Minnesota Municipal
      Income Portfolio         MXA        $93,907      $62,718     $15.12
     Minnesota Municipal
      Income Fund II           MXN        $19,559      $19,398     $14.30
     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


     * NAV's are priced as of the close of business on the month-end and year,
       as indicated above.


     (a)  These distributions were declared on Sept. 22, 2004.  They had an
          Oct. 1, 2004, ex-dividend date and were paid on Oct. 27, 2004, to
          shareholders of record on Oct. 5, 2004.
     (b)  Based on a three-month average.
     (c)  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.
     (d)  Calculated by dividing preferred distributions paid during the month
          by the number of common shares outstanding.
     (e)  The difference between net assets and total assets for XAA, MXA, and
          MXN 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.

The aforementioned financial data is unaudited. It has, however, been obtained from sources deemed reliable.

Performance data quoted represents performance and does not include future results. The principal value of an investment return will fluctuate so that an investor's shares, when sold may be worth more or less than their original cost. Performance current to the most recent month-end may be lower or higher than the performance quoted.

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 $119 billion as of Sept. 30, 2004. USBNA is a subsidiary of U.S. Bancorp (NYSE: USB). Visit us on the web at http://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.

SOURCE U.S. Bancorp Asset Management, Inc.

Investor Services of U.S. Bancorp Asset Management, Inc.,
+1-800-677-FUND
http://usbank.com
"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