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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, May 22 /PRNewswire/ -- The following funds declared their June dividends:
 FUND NYSE JUNE DIVIDEND MAY DIVIDEND
 SYMBOL AMOUNT AMOUNT
 American Adjustable Rate Term
 Trust Inc. -- 1995 ADJ $0.0605 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1996 BDJ $0.0605 $0.0645
 American Adjustable Rate Term
 Trust Inc. -- 1997 CDJ $0.0620 $0.0660
 American Adjustable Rate Term
 Trust Inc. -- 1998 DDJ $0.0590 $0.0590
 American Government Income
 Fund Inc. AGF $0.0640 $0.0640
 American Government Income
 Portfolio Inc. AAF $0.0800 $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 $0.0833 $0.0833
 American Strategic Income
 Portfolio ASP $0.1125 $0.1125
 Minnesota Municipal Term Trust MNA $0.0509 $0.0509
 These dividend amounts are distributed on a per-share basis on the common stock. The dividends, which have a ex-dividend date of June 1, 1992, will be paid June 24, 1992, to shareholders of record on June 5, 1992.
 American Adjustable Rate Term Trust -- 1995 (ADJ), American Adjustable Rate Term Trust -- 1996 (BDJ), and American Adjustable Rate Term Trust -- 1997 (CDJ) invest primarily in adjustable-rate, mortgage-backed securities whose yields change based on various short-term indexes. These funds are reducing their dividends relative to income earned in the current interest-rate environment.
 These funds are managed by Piper Capital Management Incorporated. Based in Minneapolis, Piper Capital Management, a full-service money management firm, has more than $7 billion under management. Piper Capital is an independent, wholly owned subsidiary of Piper Jaffray Companies Inc., an investment banking firm founded in 1895.
 -0- 5/22/92
 NOTE TO EDITORS: 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- 5/22/92
 /CONTACT: Linda Ruhland, 612-342-6280, or Kimberly Kaul, 612-342-6384, both of Piper Capital Management/ CO: Piper Capital Management, Piper Jaffray Companies Inc. ST: Minnesota IN: FIN SU: DIV


DS -- MN010 -- 3282 05/22/92 11:50 EDT
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Publication:PR Newswire
Date:May 22, 1992
Words:411
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