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MUNIYIELD ARIZONA FUND II, INC. TRADES ON THE AMEX

 NEW YORK, Nov. 15 /PRNewswire/ -- The American Stock Exchange today began trading the initial public offering of the common shares of MuniYield Arizona Fund II, Inc.
 The Fund, trading under ticker symbol "MZT", opened on a quotation of 15 (bid) to 15 1/8 (ask).
 AIM Securities, Co. has been selected as the Fund's specialist firm.
 The Fund's initial public offering consists of 1.8 million common shares with an over-allotment option of 90,000 shares.
 MuniYield Arizona Fund II, Inc. is a newly organized, non- diversified, closed-end management investment company. The Fund says it plans to invest in a diversified portfolio of investment grade municipal obligations and will seek to provide its investors with a high level of current income exempt from Federal and Arizona income taxes.
 The Fund's investment adviser is a wholly-owned subsidiary of Plainsboro, New Jersey-based MLAM, which is an indirect, wholly-owned subsidiary of Merrill Lynch & Co., Inc.
 The American Stock Exchange is unique among U.S. financial markets. It is the only exchange to successfully provide both a primary equities market for growth companies and a principal market for derivatives. The American Stock Exchange is dedicated to providing both public and professional investors with superior trading products and services at competitive prices.
 -0- 11/15/93
 /CONTACT: Melissa Grand, Manager, Communications of the American Stock Exchange, 212-306-1635/
 (MZT)


CO: MuniYield Arizona Fund II, Inc. ST: New York IN: FIN SU:

JG -- NY062 -- 4402 11/15/93 12:07 EST
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Publication:PR Newswire
Date:Nov 15, 1993
Words:244
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