Printer Friendly

CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS

 MINNEAPOLIS, Jan. 26 /PRNewswire/ -- The following funds declared their February dividends. These dividend amounts are distributed on a per-share basis on the common stock. The dividends have a Feb. 1, 1993, ex-dividend date and will be paid Feb. 24, 1993, to shareholders of record on Feb. 5, 1993.
 FUND NYSE/ FEBRUARY TOTAL
 AMEX DIVIDEND JANUARY
 SYMBOL AMOUNT DIVIDEND
 American Adjustable Rate Term
 Trust Inc. -- 1995 ADJ $0.0500(A) $0.0565(B)
 American Adjustable Rate Term
 Trust Inc. -- 1996 BDJ $0.0500(A) $0.0580
 American Adjustable Rate Term
 Trust Inc. -- 1997 CDJ $0.0521(A) $0.0580(C)
 American Adjustable Rate Term
 Trust Inc. -- 1998 DDJ $0.0542(A) $0.0590
 American Adjustable Rate Term
 Trust Inc. -- 1999 EDJ $0.0545 $0.0545
 American Government Income
 Fund Inc. AGF $0.0640 $0.2363(D)
 American Government Income
 Portfolio Inc. AAF $0.0800 $0.5695(F)
 American Government Term
 Trust Inc. AGT $0.0710(E) $0.0785
 American Municipal Term
 Trust Inc. AXT $0.0542 $0.0542
 American Municipal Term
 Trust Inc. -- II BXT $0.0517 $0.0517
 American Municipal Term
 Trust Inc. -- III CXT $0.0475 $0.0475
 American Opportunity Income
 Fund Inc. OIF $0.0833 $0.8848(G)
 American Strategic Income
 Portfolio ASP $0.1125 $0.2650(H)
 American Strategic Income
 Portfolio -- II BSP $0.1125 $0.1125
 Minnesota Municipal Term
 Trust Inc. MNA $0.0509 $0.0509
 Minnesota Municipal Term
 Trust Inc. -- II MNB $0.0492 $0.0492
 These funds are managed by Piper Capital Management Incorporated. Piper Capital, a money management firm based in Minneapolis, has more than $9.3 billion under management. Piper Capital is an independent, wholly owned subsidiary of Piper Jaffray Companies Inc., an investment banking firm founded in 1895.
 (A) The American Adjustable Rate Term Trusts invest primarily in adjustable-rate, mortgage-backed securities whose yields change based on various short-term indexes. ADJ, BDJ, CDJ and DDJ are reducing their dividends relative to income earned in the current interest-rate environment.
 (B) The January dividend included long-term capital gains of $0.0077.
 (C) The January dividend included long-term capital gains of $0.0073
 (D) The January dividend included a regular income dividend of $0.0640 and a special short-term capital gains dividend of $0.1723.
 (E) The January dividend included a regular income dividend of $0.0800, a special short-term capital gains dividend of $0.4095, and a special dividend of income of $0.0800.
 (F) At this time, AGT's dividend will be reduced to bring its dividends in line with income being earned by the fund in the current market environment.
 (G) The January dividend included a regular income dividend of $0.0833, a special short-term capital gains dividend of $0.7182, and a special dividend of income of $0.0833.
 (H) The January dividend included a regular income dividend of $0.1125 and a special dividend of income of $0.1525.
 -0- 1/26/93
 /NOTE: Many of the closed-end funds have similar names. To avoid confusion, please use the full name including the year or Roman numeral when referencing this press release./
 /CONTACT: Linda Ruhland, 612-342-6280, or Linda J. Johnson, 612-342-6244, both of Piper Capital Management/


CO: Piper Capital Management, Piper Jaffray Companies Inc. ST: Minnesota IN: FIN SU: DIV

MP -- MN017 -- 9265 01/26/93 16:29 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 26, 1993
Words:547
Previous Article:KASLER CORP. ANNOUNCES CALTRANS DECISION REGARDING THE POMONA INTERCHANGE PROJECT
Next Article:SURGIDYNE INC. REPORTS BAXTER REALIGNMENT OF PRODUCT FRANCHISE
Topics:


Related Articles
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE JULY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE AUGUST DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE SEPTEMBER DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE OCTOBER DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE NOVEMBER DIVIDENDS
PIPER CAPITAL MANAGEMENT RELEASES OCTOBER DISTRIBUTIONS, ANNOUNCES SPECIAL DIVIDENDS

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters