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AMERICAN ADJUSTABLE RATE TERM TRUST INC. 1999 FILES A PUBLIC OFFERING

AMERICAN ADJUSTABLE RATE TERM TRUST INC. 1999 FILES A PUBLIC OFFERING
 MINNEAPOLIS, Oct. 26 /PRNewswire/ -- American Adjustable Rate Term Trust Inc. - 1999 (NYSE: EDJ), a registered, closed-end investment company whose shares are listed on the New York and Midwest stock exchanges, announced today that it filed a Registration Statement with the Securities and Exchange Commission relating to a public offering by it of 2 million shares of its common stock. The fund is managed by Piper Capital Management Incorporated. The shares will be offered through a group of underwriters led by Piper Jaffray Inc. The anticipated date of the commencement of the offering is the week of Dec. 14, 1992.
 The registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 A copy of the preliminary prospectus relating to these securities may be obtained from Piper Jaffray Inc. at 1-800-333-6000, ext. 6220.
 -0- 10/26/92
 /NOTE: There are four other closed-end funds with similar names: American Adjustable Rate Term Trust Inc. - 1995 (ADJ), American Adjustable Rate Term Trust Inc. - 1996 (BDJ), American Adjustable Rate Term Trust Inc. - 1997 (CDJ), and American Adjustable Rate Term Trust Inc. - 1998 (DDJ). To avoid confusion, please use the full name including the year when referencing this press release./
 /CONTACT: Lynn James, 612-342-6348, or Kim Kaul, 612-342-6384, both of Piper Capital/
 (EDJ) CO: American Adjustable Rate Term Trust Inc. 1999 ST: Minnesota IN: SU: OFR


KH -- MN017 -- 5055 10/26/92 17:22 EST
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Publication:PR Newswire
Date:Oct 26, 1992
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