Printer Friendly

AMERICAN MUNICIPAL TERM TRUST - III OFFERS 4,600,000 SHARES AT $10 PER SHARE

 MINNEAPOLIS, Nov. 19 ~PRNewswire~ -- Piper Capital Management Incorporated announced an offering of 4,600,000 shares of American Municipal Term Trust - III (NYSE: CXT), a registered investment company whose shares are listed on the New York Stock Exchange, at $10 per share. The offering is co-managed by Piper Jaffray Inc.; Kemper Securities, Inc.; Advest, Inc.; McDonald & Company Securities, Inc.; Raymond James & Associates, Inc.; and Wedbush Morgan Securities.
 The fund's investment objectives are to provide high current income exempt from regular federal income tax and to return $10 per share to investors on or shortly before April 15, 2003. The fund will invest in a diversified portfolio of high-quality municipal obligations, including municipal zero coupon securities.
 The fund is managed by Piper Capital Management Incorporated, an investment adviser with more than $9.1 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 American Municipal Term Trust - III including all charges and expenses, may be obtained by calling Piper Jaffray Inc. at 1-800-333-6000, extension 6974. Investors should read the prospectus carefully before investing.
 -0- 11~19~92
 ~NOTE: There are two other closed-end funds with similar names: American Municipal Term Trust (AXT) and American Municipal Term Trust - II (BXT). To avoid confusion, please use the full name including the numeral when referencing this press release~
 ~CONTACT: Kimberly Kaul, 612-342-6384, or Lynn James, 612-342-6348, both of Piper Capital Management~
 (CXT)


CO: Piper Capital Management Incorporated; American Municipal Term
 Trust ST: Minnesota IN: FIN SU: OFR


AL -- MN005 -- 2830 11~19~92 11:20 EST
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:Nov 19, 1992
Words:274
Previous Article:BELMAC CORPORATION TO ACQUIRE ITALIAN PHARMACEUTICAL COMPANY
Next Article:ARMY OFFICIALS RELEASE U.S. ARMY CORPS OF ENGINEERS REORGANIZATION PLAN
Topics:


Related Articles
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DISTRIBUTIONS
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DISTRIBUTIONS
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters