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VOYAGEUR COLORADO TAX-FREE FUND HITS QUARTER BILLION MARK -- A FIRST FOR COLORADO MUNICIPAL BOND FUNDS

 DENVER, April 5 /PRNewswire/ -- The Voyageur Colorado Tax-Free Fund, with $253.2 million in assets, is the first Colorado municipal bond fund to acquire more than a quarter billion dollars in assets.
 The fund has capitalized on President Clinton's economic agenda and the expected increase in personal income taxes. Ranked Number One by Lipper Analytical Services, the Voyageur Colorado Tax-Free Fund is the top performing Colorado municipal bond fund with a total return of 9.26 percent since its inception in April of 1987.
 A hypothetical 5.5 percent tax-free yield would have an equivalent taxable yield of 9.09 percent if the Colorado taxpayer were in the 39.5 percent approximate combined marginal Colorado and Federal tax bracket. (The 39.5 percent tax bracket assumes the proposed maximum marginal federal tax rate of 36 percent).
 The Minneapolis-based Voyageur Companies has over $4 billion under management from pension funds, profit sharing plans, commercial banks, insurance companies, public and non-profit entities, high net worth individuals and mutual funds. The firm's 18 open- and four closed-end funds are invested in municipal bonds in Arizona, California, Colorado, Florida, Kansas, Minnesota, Missouri, New Mexico, North Dakota, Oregon, Utah and Washington. In addition, Voyageur manages a national municipal bond fund, a national government bond fund and a national growth equity fund.
 -0- 4/5/93
 /CONTACT: Andrew M. McCullagh, Jr., portfolio manager of Voyageur, 303-292-0300; Lisbeth Wiley Chapman of Ink & Air, 617-455-8837, for Voyageur/


CO: Voyageur Colorado Tax-Free Fund ST: Colorado IN: FIN SU:

CH -- NE004 -- 2915 04/05/93 10:00 EDT
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Publication:PR Newswire
Date:Apr 5, 1993
Words:258
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