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MINNESOTA MUNICIPAL TERM TRUST INC. - II BRINGS INITIAL PUBLIC OFFERING TO THE AMERICAN STOCK EXCHANGE

 MINNESOTA MUNICIPAL TERM TRUST INC. - II BRINGS INITIAL PUBLIC
 OFFERING TO THE AMERICAN STOCK EXCHANGE
 NEW YORK, April 16 /PRNewswire/ -- The American Stock Exchange announced today that Minnesota Municipal Term Trust Inc. - II of Minneapolis, began trading 3,000,000 shares of common stock in an initial public offering. Trading under ticker symbol MNB, the stock opened on a quote of 10 (bid) to 10 1/8 (ask).
 Minnesota Municipal Term Trust Inc. - II is a newly organized, non- diversified, closed-end management investment company registered under the 1940 Investment Company Act. The company's investment objective is to provide current income exempt from both regular federal income tax and Minnesota state personal income tax. It will seek to invest substantially all of its assets in tax-exempt Minnesota Municipal Obligations.
 The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products. Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally traded products.
 -0- 4/16/92
 /CONTACT: Lisa Neuner of Amex, 212-306-2028/
 (MNB) CO: Minnesota Municipal Term Trust Inc. ST: Minnesota IN: FIN SU: OFR


KD -- NY109 -- 9504 04/16/92 16:41 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:217
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