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CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS

 CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT
 DECLARE MONTHLY DIVIDENDS
 MINNEAPOLIS, March 27 /PRNewswire/ -- The following funds declared their April dividends:
 FUND NYSE CURRENT MONTH PREVIOUS
 SYMBOL AMOUNT DIVIDEND
 American Adjustable Rate Term
 Trust Inc. -- 1995 ADJ $0.0645 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1996 BDJ $0.0645 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1997 CDJ $0.0660 $0.0660
 American Adjustable Rate Term
 Trust Inc. -- 1998 DDJ $0.0590(a) n/a
 American Government Income
 Fund Inc. AGF $0.0740 $0.0640
 American Government Income
 Portfolio Inc. AAF $0.0950 $0.0800
 American Government Term
 Trust Inc. AGT $0.0785 $0.0785
 American Municipal Term
 Trust Inc. AXT $0.0542 $0.0542
 American Municipal Term
 Trust Inc. -- II BXT $0.0517 $0.0517
 American Opportunity Income
 Fund Inc. OIF $0.0983 $0.0833
 American Strategic Income
 Portfolio ASP $0.1125 $0.1125
 Minnesota Municipal Term Trust MNA $0.0509 $0.0509
 (a) First dividend for American Adjustable Rate Term Trust -- 1998 (DDJ).
 These dividend amounts are distributed on a per-share basis on the common stock. The dividends, which will have an ex date of April 1, 1992, will be paid April 22, 1992, to shareholders of record on April 7, 1992.
 The April dividends for American Government Income Fund (AGF), American Government Income Portfolio (AAF) and American Opportunity Income Fund (OIF) all include a special dividend to be paid on April 22, 1992, to shareholders of record on April 7, 1992. The entire $0.01 special dividend for AGF, the $0.015 special dividend for AAF and the $0.015 special dividend for OIF are all from ordinary income.
 These funds are managed by Piper Capital Management Incorporated. Based in Minneapolis, Piper Capital Management Incorporated, a full- service money management firm, had $7.2 billion under management as of Feb. 29, 1992. Piper Capital is an independent, wholly owned subsidiary of Piper Jaffray Incorporated, an investment banking firm founded in 1895.
 NOTE: There are two series of closed-end funds with similar names -- American Adjustable Rate Term Trust -- 1995 (ADJ), American Adjustable Rate Term Trust -- 1996 (BDJ), American Adjustable Rate Term Trust -- 1997 (CDJ) and American Adjustable Rate Term Trust -- 1998 (DDJ); and American Municipal Term Trust (AXT) and American Municipal Term Trust -- II (BXT). To avoid confusion, please use the full name including the year or Roman numeral when referencing this press release.
 -0- 03/27/92
 /CONTACT: Linda Ruhland, 612-342-6280, or Kimberly Kaul, 612-342-6384, both of Piper Capital Management/ CO: Piper Capital Management, Piper Jaffray Incorporated ST: Minnesota IN: FIN SU: DIV


AL -- MN004 -- 2336 03/27/92 11:47 EST
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Publication:PR Newswire
Date:Mar 27, 1992
Words:438
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