MINNEAPOLIS, Dec 08, 2005 (BUSINESS WIRE) -- The Board of Directors of American Strategic Income
Portfolio Inc. (ASP), American Strategic Income Portfolio Inc.--II
(BSP), American Strategic Income Portfolio Inc.--III (CSP) and
American Select Portfolio Inc. (SLA) (together, the funds), in
consultation with U.S. Bancorp Asset Management, the investment
adviser to the funds, announced today that it does not intend to
pursue any merger or other reorganization of the four closed-end funds
at this time. The board had previously announced that it was exploring
the possibility of combining the funds into a single, closed-end fund.
Based in Minneapolis, U.S. Bancorp Asset Management, Inc., a
subsidiary of U.S. Bank National Association, serves as the investment
advisor to the First American Funds. 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 $121.9 billion as of
Sept. 30, 2005.
U.S. Bank National Association is a separate entity and wholly
owned subsidiary of U.S. Bancorp (NYSE:USB), the sixth-largest(a)
financial services holding company in the United States as of Sept.
30, 2005, and a leading provider of comprehensive banking, trust,
investment and payment systems products and service. U.S. Bancorp is
the parent company of U.S. Bank. Visit U.S. Bancorp at 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 principal.
(a) Information provided by U.S. Bank Investor Relations.
SOURCE: U.S. Bancorp Asset Management, Inc.
U.S. Bancorp Asset Management, Inc.
Investor Services, 800-677-FUND