Printer Friendly

MINNESOTA MUNICIPAL TERM TRUST INC. -- II OFFERS 3 MILLION SHARES AT $10 PER SHARE

 MINNESOTA MUNICIPAL TERM TRUST INC. -- II OFFERS 3 MILLION
 SHARES AT $10 PER SHARE
 MINNEAPOLIS, April 16 /PRNewswire/ -- Piper Capital Management Incorporated announces an offering of 3 million shares of Minnesota Municipal Term Trust Inc. -- II (AMEX: MNB), a registered investment company whose shares are listed on the American Stock Exchange at $10 per share. The offering is managed by Piper Jaffray Inc.
 The fund's investment objectives are to provide high current income exempt from both regular federal income tax and state of Minnesota personal income tax and to return $10 per share to investors on or shortly before April 15, 2003, although termination may be extended to a date no later than April 15, 2008. The fund will invest primarily in a portfolio of tax-exempt Minnesota municipal obligations.
 The fund is managed by Piper Capital Management Incorporated, an investment adviser with more than $7 billion in assets under management. The firm is a wholly owned subsidiary of Piper Jaffray Companies Inc., a full-service investment firm founded in 1895.
 A prospectus containing more complete information on the Minnesota Municipal Term Trust -- II, including all charges and expenses, may be obtained by calling Piper Jaffray Inc., at 1-800-333-6000, extension 6974. Piper Jaffray is located in the Piper Jaffray Tower, 222 South Ninth Street, Minneapolis, Minn., 55402-3804. Investors should read the prospectus carefully before investing.
 /NOTE: There is another fund in this series with a similar name -- Minnesota Municipal Term Trust Inc. (MNA). To avoid confusion, please use the full name including the Roman number when referencing this press release./
 -0- 4/16/92
 /CONTACT: Lynn James of Piper Capital, 612-342-6348/
 (MNB) CO: Piper Capital Management Incorporated, Minnesota Municipal Term
 Trust Inc. ST: Minnesota IN: FIN SU: OFR


AL -- MN012 -- 9319 04/16/92 12:45 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 16, 1992
Words:295
Previous Article:GATX ANNOUNCES FIRST QUARTER RESULTS
Next Article:LP&L PLANS FIRST MORTGAGE BOND REDEMPTION


Related Articles
AMERICAN MUNICIPAL TERM TRUST - III OFFERS 4,600,000 SHARES AT $10 PER SHARE
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION FOR CLOSED-END FUNDS
PIPER CAPITAL MANAGEMENT ANNOUNCES POSITION OF CLOSED-END FUNDS
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION OF CLOSED-END FUNDS
U.S. Bancorp Piper Jaffray Asset Management, Inc. Announces Financial Positions for Closed-End Funds.
U.S. Bancorp Piper Jaffray Asset Management, Inc., Announces Financial Positions for Closed-End Funds.
U.S. Bancorp Piper Jaffray Asset Management, Inc., Announces Financial Positions for Closed-End Funds.
U.S. Bancorp Piper Jaffray Asset Management, Inc., Announces Financial Positions for Closed-End Funds.

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