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, Feb 11, 2005 /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 Jan. 31, 2005.

Net investment income and distribution information for the month ended
Jan. 31, 2005:



                                                               Accumulated
                                     Common         Net        Undistributed
                                     Monthly        Investment Net Investment
    Fund                             Distributions  Income/    Income/
    American Strategic Income Symbol (a)            Share (b)  Share (c)
     Portfolio                ASP    0.09991 (f)    $0.0576    $0.0358
    American Strategic Income
     Portfolio II             BSP    $0.0800        $0.0746    $0.0342
    American Strategic Income
     Portfolio III            CSP    $0.0800        $0.0710    $0.0571
    American Select Portfolio SLA    $0.0800        $0.0754    $0.0080
    American Income Fund      MRF    0.07193 (g)    $0.0497   ($0.0229)





                                                                       Accum-
                                                                       ulated
                                                                      Undistr-
                                                                       ibuted
                                                                       Net
                                                 Preferred             Invest-
                                      Common     Distrib-   Net        ment
                                      Monthly    utions     Investment Income/
                                      Distrib-   During     Income/    Share
    Fund                       Symbol utions (a) Month(d)   Share (b)  (c)
    American Municipal Income
     Portfolio                 XAA    $0.0780    $0.0106    $0.0814    $0.2021
    Minnesota Municipal Income
     Portfolio                 MXA    0.13659(h) $0.0066    $0.0795    $0.1168
    Minnesota Municipal Income
     Fund II                   MXN    0.10559(i) $0.0109    $0.0782    $0.0808



    Financial positions for the month ended Jan. 31, 2005:

                                                                  NAV* per
                                    Total Assets Net Assets(e)    Common
    Fund                      Symbol       (000)        (000)     Share
    American Municipal Income
     Portfolio                XAA       $135,299      $90,639     $15.75
    Minnesota Municipal Income
     Portfolio                MXA        $97,301      $64,365     $15.52
    Minnesota Municipal Income
     Fund II                  MXN        $35,420      $22,368     $15.19
    American Strategic Income
     Portfolio                ASP        $59,834      $53,244     $12.58
    American Strategic Income
     Portfolio II             BSP       $237,625     $199,421     $12.47
    American Strategic Income
     Portfolio III            CSP       $328,106     $259,488     $12.15
    American Select Portfolio SLA       $186,853     $139,641     $13.10
    American Income Fund      MRF       $118,760      $86,064      $9.10



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


                                                                  NAV* per
                                     Total Assets  Net Assets(e)  Common
    Fund                      Symbol        (000)        (000)    Share
    American Municipal Income
     Portfolio                XAA       $133,738      $90,144     $15.66
    Minnesota Municipal Income
     Portfolio                MXA        $95,754      $64,585     $15.57
    Minnesota Municipal Income
     Fund II                  MXN        $34,673      $21,642     $14.69
    American Strategic Income
     Portfolio                ASP        $67,619      $53,689     $12.69
    American Strategic Income
     Portfolio II             BSP       $269,864     $208,769     $13.07
    American Strategic Income
     Portfolio III            CSP       $333,587     $267,941     $12.55
    American Select Portfolio SLA       $200,760     $143,171     $13.42
    American Income Fund      MRF       $114,551      $86,782      $9.18



    Financial positions for the month ended Jan. 31, 2003:

                                                                  NAV* per
                                     Total Assets  Net Assets(e)  Common
    Fund                      Symbol        (000)        (000)    Share
    American Municipal Income
     Portfolio                XAA       $131,199      $87,106     $15.13
    Minnesota Municipal Income
     Portfolio                MXA        $94,567      $63,396     $15.29
    Minnesota Municipal Income
     Fund II                  MXN        $21,545      $21,433     $14.56
    American Strategic Income
     Portfolio                ASP        $70,135      $53,521     $12.65
    American Strategic Income
     Portfolio II             BSP       $300,196     $209,936     $13.16
    American Strategic Income
     Portfolio III            CSP       $363,842     $267,646     $12.54
    American Select Portfolio SLA       $198,604     $144,417     $13.54
    American Income Fund      MRF       $115,698      $83,887      $8.87


        * 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 Dec. 17, 2004. They had a
         Dec. 23, 2004, ex-dividend date and were paid on Jan. 7, 2005, to
         shareholders of record on Dec. 28, 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.
    (f)  Includes a special dividend of $0.02741 from net investment
         income.
    (g)  Includes a special dividend of $0.02193 from net investment
         income.
    (h)  Includes $0.00985 from taxable net investment income, and
         $0.04874 from long-term capital gains.
    (i)  Includes $0.03934 from long-term capital gains.

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

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 $123 billion as of Dec. 31, 2004. USBNA is a subsidiary of U.S. Bancorp. 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.

SOURCE U.S. Bancorp Asset Management, Inc.

CONTACT:
Investor Services of U.S. Bancorp Asset Management, Inc.
800-677-FUND

"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