Printer Friendly

AMERICAN STRATEGIC INCOME PORTFOLIO OFFERS 4,500,000 SHARES AT $15 PER SHARE

 AMERICAN STRATEGIC INCOME PORTFOLIO OFFERS
 4,500,000 SHARES AT $15 PER SHARE
 MINNEAPOLIS, Dec. 20 /PRNewswire/ -- Piper Capital Management Incorporated announces an offering of 4,500,000 shares of common stock of American Strategic Income Portfolio Inc. (NYSE: ASP) a registered investment company whose shares are listed on the New York Stock Exchange at $15 per share. The offering is co-managed by Piper, Jaffray & Hopwood Incorporated; Advest, Inc.; McDonald & Company Securities, Inc.; Raymond James & Associates, Inc.; and Wedbush Morgan Securities.
 The fund's primary investment objective is to provide a high level of current income; its secondary objective is to seek capital appreciation. During at least the first year after the completion of the offering, the fund will emphasize mortgage-related assets. The balance will be invested in asset-backed securities, U.S. government securities, corporate debt securities, municipal obligations, unregistered securities, derivative mortgage-backed securities and mortgage servicing rights.
 The fund is managed by Piper Capital Management Incorporated, an investment adviser with more than $5.5 billion in assets under management. The firm is a wholly owned subsidiary of Piper Jaffray Incorporated, a full-service investment firm founded in 1895.
 A prospectus containing more complete information on the American Strategic Income Portfolio including all charges and expenses, may be obtained by calling Piper, Jaffray & Hopwood Incorporated at 1-800-333-6000, ext. 6974. Investors should read the prospectus carefully before investing.
 -0- 12/20/91
 /CONTACT: Kimberly Kaul of Piper Capital Management, 612-342-6384/
 (ASP) CO: American Strategic Income Portfolio Inc. ST: Minnesota IN: FIN SU: OFR


AL -- MN005 -- 4434 12/20/91 14:38 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 20, 1991
Words:259
Previous Article:POLAROID TO SELL DEBT SECURITIES
Next Article:PFIZER ANNOUNCES CONTRACT TO SELL PRODUCT LINES OF SHILEY
Topics:


Related Articles
AMERICAN STRATEGIC INCOME PORTFOLIO - II OFFERS 18,000,000 SHARES AT $15 PER SHARE
AMERICAN STRATEGIC INCOME PORTFOLIO -- III OFFERS 24,000,000 SHARES AT $15 PER SHARE
AMERICAN MUNICIPAL INCOME PORTFOLIO OFFERS 5,000,000 SHARES; MINNESOTA MUNICIPAL INCOME PORTFOLIO OFFERS 3,600,000 SHARES
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION FOR CLOSED-END FUNDS
INITIAL PUBLIC OFFERING OF 4,500,000 COMMON SHARES OF BENEFICIAL INTEREST OF INTERCAPITAL INSURED CALIFORNIA MUNICIPAL SECURITIES AT $15 PER SHARE
PIPER CAPITAL MANAGEMENT ANNOUNCES POSITION FOR CLOSED-END FUNDS
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION OF CLOSED-END FUNDS
PIPER CAPITAL MANAGEMENT ANNOUNCES FINANCIAL POSITION FOR THE QUARTER
/C O R R E C T I O N -- PIPER CAPITAL MANAGEMENT FINANCIAL POSITION/(Correction Notice)
U.S. Bancorp Asset Management, Inc., Announces Financial Positions for Closed-End Funds.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters