First American Asset Management Announces Financial Position for Closed-End Funds.MINNEAPOLIS--(BUSINESS WIRE)--Oct. 9, 1998--First American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Asset Management announced the financial position for the following closed-end funds Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. for the month ended September September: see month. 30, 1998. Net investment income and distribution information for the month ended September 30, 1998: -0-
Accumulated
Preferred Net Undistributed
Common Distri- Investment Net Investment
Monthly butions Income/ Income/
Fund Symbol Distri- During Share(c) Share(d)
American butions(a) Month(b)
Municipal
Term Trust AXT $0.0542 $0.0143 $0.0753 $0.8179
American
Municipal
Term TrustII BXT $0.0517 $0.0148 $0.0736 $0.8082
American
Municipal
Term TrustIII CXT $0.0475 $0.0145 $0.0672 $0.5518
Minnesota
Municipal
Term Trust MNA $0.0509 $0.0147 $0.0707 $0.8282
Minnesota
Municipal
Term TrustII MNB $0.0492 $0.0146 $0.0664 $0.5516
American
Municipal
Income
Portfolio XAA $0.06275 $0.0220 $0.0850 $0.0506
Minnesota
Municipal
Income
Portfolio MXA $0.063125 $0.0221 $0.0872 $0.2114
Accumulated
Net Undistributed
Common Investment Net Investment
Monthly Income/ Income/
Fund Symbol Distributions(a) Share (c) Share (d)
American
Strategic
Income
Portfolio ASP $0.0825 $0.0840 $0.0838
American
Strategic
Income
PortfolioII BSP $0.0850 $0.0881 $0.1071
American
Strategic
Income
PortfolioIII CSP $0.0850 $0.0844 $0.0943
American
Select
Portfolio SLA $0.0875 $0.0831 $0.0970
Financial positions for the month ended September 30, 1998:
Total Assets Net Assets(e) NAV per
Fund Symbol (000) (000) Common Share
American
Municipal
Term Trust AXT $144,554 $97,889 $11.58
American
Municipal
Term Trust II BXT $123,228 $86,156 $11.71
American
Municipal
Term Trust III CXT $88,360 $61,702 $11.64
Minnesota
Municipal
Term Trust MNA $95,768 $65,307 $11.39
Minnesota
Municipal
Term TrustII MNB $57,784 $38,390 $11.10
American
Municipal
Income
Portfolio XAA $132,309 $88,710 $15.41
Minnesota
Municipal
Income
Portfolio MXA $95,871 $63,706 $15.36
American
Strategic
Income
Portfolio ASP $75,653 $62,023 $13.13
American
Strategic
Income
PortfolioII BSP $296,890 $238,415 $13.29
American
Strategic
Income
PortfolioIII CSP $435,491 $304,633 $12.66
American
Select
Portfolio SLA $213,947 $156,711 $13.11
Financial positions for the month ended September 30, 1997:
Total Assets Net Assets(e) NAV per
Fund Symbol (000) (000) Common Share
American
Municipal
Term Trust AXT $141,685 $98,066 $11.60
American
Municipal
Term TrustII BXT $123,908 $85,592 $11.64
American
Municipal
Term TrustIII CXT $87,791 $60,136 $11.35
Minnesota
Municipal
Term Trust MNA $93,704 $64,827 $11.31
Minnesota
Municipal
Term TrustII MNB $55,250 $37,869 $10.94
American
Municipal
Income
Portfolio XAA $129,569 $83,652 $14.53
Minnesota
Municipal
Income
Portfolio MXA $92,540 $60,178 $14.51
American
Strategic
Income
Portfolio ASP $78,289 $67,187 $12.80
American
Strategic
Income
PortfolioII BSP $336,308 $258,324 $12.95
American
Strategic
Income
PortfolioIII CSP $435,180 $329,485 $12.32
American
Select
Portfolio SLA $241,199 $169,950 $12.79
Financial positions for the month ended September 30, 1996:
Total Assets Net Assets(e) NAV per
Fund Symbol (000) (000) Common Share
American
Municipal
Term Trust AXT $148,538 $97,641 $11.55
American
Municipal
Term TrustII BXT $124,302 $83,844 $11.40
American
Municipal
Term TrustIII CXT $84,038 $57,102 $10.77
Minnesota
Municipal
Term Trust MNA $93,043 $63,730 $11.12
Minnesota
Municipal
Term TrustII MNB $55,263 $36,889 $10.66
American
Municipal
Income
Portfolio XAA $129,629 $79,125 $13.75
Minnesota
Municipal
Income
Portfolio MXA $89,180 $57,034 $13.75
American
Strategic
Income
Portfolio ASP $79,382 $65,265 $12.44
American
Strategic
Income
PortfolioII BSP $276,582 $254,290 $12.75
American
Strategic
Income
PortfolioIII CSP $359,930 $325,521 $12.17
American
Select
Portfolio SLA $227,880 $164,883 $12.41
-0-
(a) These distributions were declared on August 24, 1998. They had a
September 1, 1998, ex-dividend date and were paid on September
23, 1998, to shareholders of record on September 3, 1998.
(b) Calculated by dividing preferred distributions paid during the
month by the number of common shares outstanding.
(c) Based on a three-month average.
(d) 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.
(e) Net assets reflect common stock only. The difference
between net assets and total assets for AXT, BXT, CXT,
MNA, MNB, XAA and MXA is primarily due to the
issuance of preferred stock. For ASP, BSP, CSP and SLA,
the difference is primarily due to the funds' use of
borrowings.
Based in Minneapolis, First American Asset Management provides
investment management services to individuals and institutions,
including corporations, foundations, pensions and retirement plans.
First American Asset Management manages more than $77 billion in total
assets.
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