U.S. Bancorp Piper Jaffray Asset Management, Inc., Announces Financial Positions for Closed-End Funds.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Nov. 14, 2001 U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Piper Jaffray Piper Jaffray & Co. (NYSE: PJC), often shortened to just Piper Jaffray or PiperJaffray, is a U.S. middle-market investment banking firm based in Minneapolis, Minnesota and is a focused on delivering financial advice, investment products and transaction execution Asset Management, Inc., announced the financial positions 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 Oct. 31, 2001.
Net investment income and distribution information for the month ended
Oct. 31, 2001:
Accumulated
Preferred Undistributed
Common Distribu- Net Net
Monthly tions Investment Investment
Distribu- During Income/ Income/
Fund Symbol tions(a) Month(b) Share(c) Share(d)
American Municipal
Term Trust II BXT $0.0517 $0.0020 $0.0476 $0.6959
American Municipal
Term Trust III CXT $0.0475 $0.0083 $0.0667 $0.7536
Minnesota Municipal
Term Trust MNA $0.0509 $0.0000 $0.0446 $0.6502
Minnesota Municipal
Term Trust II MNB $0.0492 $0.0091 $0.0637 $0.5896
American Municipal
Income Portfolio XAA $0.0680 $0.0132 $0.0870 $0.1550
Minnesota Municipal
Income Portfolio MXA $0.0695 $0.0156 $0.0862 $0.1831
Accumulated
Undistributed
Common Net Net
Monthly Investment Investment
Distribu- Income/ Income/
Fund Symbol tions(a) Share(c) Share(d)
American Strategic
Income Portfolio ASP $0.0950 $0.0839 $0.0881
American Strategic
Income Portfolio II BSP $0.0950 $0.0868 $0.1127
American Strategic
Income Portfolio III CSP $0.0875 $0.0866 $0.0739
American Select
Portfolio SLA $0.1000 $0.0983 $0.1304
American Income Fund MRF $0.0550 $0.0586 ($0.0182)
Financial positions for the month ended Oct. 31, 2001:
Total Net NAV per
Assets Assets(e) Common
Fund Symbol (000) (000) Share
American Municipal Term Trust II BXT $86,100 $79,015 $10.74
American Municipal Term Trust III CXT $86,322 $59,662 $11.26
Minnesota Municipal Term Trust MNA $59,987 $59,937 $10.46
Minnesota Municipal Term Trust II MNB $54,575 $37,167 $10.74
American Municipal Income
Portfolio XAA $130,408 $86,804 $15.08
Minnesota Municipal Income
Portfolio MXA $93,203 $61,999 $14.95
American Strategic Income
Portfolio ASP $64,676 $53,817 $12.72
American Strategic Income
Portfolio II BSP $241,362 $210,983 $13.22
American Strategic Income
Portfolio III CSP $346,773 $268,063 $12.56
American Select Portfolio SLA $191,093 $143,299 $13.44
American Income Fund MRF $119,873 $87,033 $9.21
Financial positions for the month ended Oct. 31, 2000:
Total Net NAV per
Assets Assets(e) Common
Fund Symbol (000) (000) Share
American Municipal Term Trust II BXT $116,487 $79,406 $10.80
American Municipal Term Trust III CXT $84,342 $57,681 $10.88
Minnesota Municipal Term Trust MNA $88,364 $59,495 $10.38
Minnesota Municipal Term Trust II MNB $53,116 $35,711 $10.32
American Municipal Income
Portfolio XAA $125,757 $80,437 $13.97
Minnesota Municipal Income
Portfolio MXA $88,809 $57,621 $13.90
American Strategic Income
Portfolio ASP $72,363 $52,376 $12.38
American Strategic Income
Portfolio II BSP $273,304 $202,041 $12.66
American Strategic Income
Portfolio III CSP $353,354 $256,510 $12.02
American Select Portfolio SLA $195,108 $135,579 $12.72
Financial positions for the month ended Oct. 31, 1999:
Total Net NAV per
Assets Assets(e) Common
Fund Symbol (000) (000) Share
American Municipal Term Trust II BXT $117,789 $80,708 $10.97
American Municipal Term Trust III CXT $84,262 $57,606 $10.87
Minnesota Municipal Term Trust MNA $91,465 $60,282 $10.52
Minnesota Municipal Term Trust II MNB $54,442 $35,689 $10.31
American Municipal Income
Portfolio XAA $121,520 $77,956 $13.54
Minnesota Municipal Income
Portfolio MXA $87,023 $55,860 $13.47
American Strategic Income
Portfolio ASP $82,621 $58,431 $12.43
American Strategic Income
Portfolio II BSP $316,793 $224,352 $12.65
American Strategic Income
Portfolio III CSP $404,404 $285,010 $12.02
American Select Portfolio SLA $208,901 $151,010 $12.75
(a) These distributions were declared on Sept. 21, 2001. They had an
Oct. 1, 2001, ex-dividend date and were paid on Oct. 24, 2001, to
shareholders of record on Oct. 3, 2001.
(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) The difference between net assets and total assets for BXT, CXT,
MNA, MNB, XAA, and MXA is primarily due to the issuance of
preferred stock; net assets reflect common stock only. For ASP,
BSP, CSP, SLA, and MRF, the difference is primarily due to the
funds' use of borrowings.
Based in Minneapolis Minneapolis (mĭn'ēăp`əlĭs), city (1990 pop. 368,383), seat of Hennepin co., E Minn., at the head of navigation on the Mississippi River, at St. Anthony Falls; inc. 1856. , U.S. Bancorp Piper Jaffray Asset Management, Inc., a subsidiary of U.S. Bank National Association, and its affiliated af·fil·i·ate v. af·fil·i·at·ed, af·fil·i·at·ing, af·fil·i·ates v.tr. 1. To adopt or accept as a member, subordinate associate, or branch: private asset management groups within Firstar Bank N.A. and U.S. Bank National Association provide investment management services to individuals and institutions, including corporations, foundations, pension funds, public funds See Fund, 3. See also: Public , and retirement plans and have combined assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. of $114 billion.* U.S. Bancorp (NYSE NYSE See: New York Stock Exchange : USB USB in full Universal Serial Bus Type of serial bus that allows peripheral devices (disks, modems, printers, digitizers, data gloves, etc.) to be easily connected to a computer. ) is the eighth-largest financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. holding company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and a leading provider of comprehensive banking, trust, investment and payment systems products and services. U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank. Visit U.S. Bancorp on the web at http://www.usbank.com and Firstar Bank at http://www.firstar.com . U.S. Bancorp Piper Jaffray Asset Management, Inc., serves as the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to the First American First American may refer to:
-- Total assets listed as of Sept. 30, 2001, reflect U.S. Bancorp Piper Jaffray Asset Management, Inc., and its affiliated private asset management groups within Firstar Bank N.A. and U.S. Bank National Association. The private asset management groups are not part of the registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in . U.S. Bancorp Piper Jaffray Asset Management, Inc., serves as the investment advisor to the First American Funds. First American Funds are distributed by Quasar Distributors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , an affiliated company. Investment products, including shares of closed-end funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp affiliate Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. , nor are they insured The person who obtains or is otherwise covered by insurance on his or her health, life, or property. The insured in a policy is not limited to the insured named in the policy but applies to anyone who is insured under the policy. insured n. by the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. , the Federal Reserve Board, or any other agency. An investment in such products involves investment risk, including possible loss of principal. U.S. Bancorp Piper Jaffray Asset Management, Inc., is a subsidiary of U.S. Bank National Association. Securities products and services are offered through U.S. Bancorp Piper Jaffray Inc., member SIPC (Simply Interactive PC) An earlier umbrella term from Microsoft and Intel for a PC that works like a home appliance. For example, it has a sealed case, uses external connectors for expansion and boots in just a couple of seconds. and NYSE. U.S. Bancorp Piper Jaffray Inc. and U.S. Bank National Association are separate entities and wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of U.S. Bancorp. |
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