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AMERICAN STRATEGIC INCOME PORTFOLIO -- II FILES A PUBLIC OFFERING

 AMERICAN STRATEGIC INCOME PORTFOLIO -- II FILES A PUBLIC OFFERING
 MINNEAPOLIS, May 1 /PRNewswire/ -- Piper Capital Management Incorporated has announced that it filed a registration statement with the Securities and Exchange Commission relating to a public offering of American Strategic Income Portfolio Inc. -- II (proposed NYSE: BSP). The fund will be managed by Piper Capital Management Incorporated. The managing underwriter will be Piper Jaffray Inc. The anticipated date of the commencement of the offering is the week of July 23, 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., 222 South Ninth Street, Minneapolis, Minn. 55402.
 -0- 5/1/92
 /CONTACT: Lynn James of Piper Capital Management, 612-342-6348/
 (BSP) CO: Piper Capital Management; American Strategic Income Portfolio Inc. ST: Minnesota IN: FIN SU: OFR


AL -- MN012 -- 5568 05/01/92 15:34 EDT
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Publication:PR Newswire
Date:May 1, 1992
Words:238
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