American Municipal Term Trust II to Redeem Preferred Stock.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Nov. 16, 2001 U.S. Bancorp Piper Jaffray Asset Management, Inc., announced that American Municipal Term Trust II (NYSE NYSE See: New York Stock Exchange :BXT) will redeem the remaining outstanding shares of the Remarketed Preferred Stock remarketed preferred stock A type of preferred stock in which the dividend rate is determined periodically by a remarketing agent. The agent resets the dividend rate so that the preferred stock can be tendered at par or resold at the original offering price. (preferred stock) in preparation for the anticipated termination and liquidation of BXT on April 15, 2002. On Nov. 20, 2001, BXT will redeem the remaining 280 shares of preferred stock at a redemption price of $25,000 per share plus accumulated but unpaid dividends through Nov. 19, 2001. Beneficial owners of shares to be redeemed will be notified by the paying agent. Based in Minneapolis, U.S. Bancorp Piper Jaffray Asset Management, Inc., a subsidiary of U.S. Bank National Association, and its affiliated private asset management groups within Firstar Bank N.A. and U.S. Bank National Association provide investment management services to individuals and institutions, including corporations, foundations, pension funds, public funds, and retirement plans, and have combined assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. of $114 billion as of September 30, 2001. U.S. Bancorp (NYSE:USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) is 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 Firstar Bank and U.S. Bank. Visit U.S. Bancorp on the Web at http://www.usbank.com and Firstar Bank at http://www.firstar.com U.S. Bancorp Piper Jaffray Asset Management, Inc., serves as the investment advisor to the First American Funds. 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 Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Federal Reserve Board, or any other agency. An investment in such products involves investment risk, including possible loss of principal. U.S. Bancorp Piper Jaffray Asset Management, Inc., is a subsidiary of U.S. Bank National Association. Securities products and services are offered through U.S. Bancorp Piper Jaffray, Inc., member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and NYSE. U.S. Bancorp Piper Jaffray, Inc., and U.S. Bank National Association are separate entities and wholly owned subsidiaries of U.S. Bancorp. U.S. Bancorp Piper Jaffray Inc. is a member of the National Association of Securities Dealers National Association of Securities Dealers (NASD) Nonprofit organization formed under the joint sponsorship of the investment bankers' conference and the SEC to comply with the Maloney Act, which provides for the regulation of the OTC market. , CRD number 665. |
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