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

 CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT
 DECLARE SEPTEMBER DIVIDENDS
 MINNEAPOLIS, Aug. 28 /PRNewswire/ -- The following funds declared their September dividends. These dividend amounts are distributed on a per-share basis on the common stock. These dividends have a Sept. 1, 1992, ex-dividend date and will be paid on Sept. 23, 1992, to shareholders of record on Sept. 8, 1992.
 FUND NYSE CURRENT MONTH PREVIOUS
 SYMBOL AMOUNT DIVIDEND
 American Adjustable Rate Term
 Trust Inc. -- 1995 ADJ $0.0565 $0.0605
 American Adjustable Rate Term
 Trust Inc. -- 1996 BDJ $0.0580 $0.0605
 American Adjustable Rate Term
 Trust Inc. -- 1997 CDJ $0.0580 $0.0620
 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
 American Strategic Income
 Portfolio Inc. -- II BSP $0.1125 N/A
 (first dividend release)
 Minnesota Municipal Term
 Trust Inc. MNA $0.0509 $0.0509
 Minnesota Municipal Term
 Trust Inc. -- II MNB $0.0492 $0.0492
 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. Piper Capital, a full-service money management firm based in Minneapolis, has more than $8.5 billion under management and is an independent wholly owned subsidiary of Piper Jaffray Companies Inc., an investment banking firm founded in 1895.
 -0- 08/28/92
 /NOTE: Many of our closed-end funds have similar names. To avoid confusion, please use the full name including the year or Roman numeral when referencing this press release.
 CONTACT: Linda Ruhland, 612-342-6280, or Linda J. Johnson, 612-342-6244, both of Piper Capital Management/ CO: Piper Capital Management, Piper Jaffray Incorporated ST: Minnesota IN: FIN SU: DIV


AL -- MN009 -- 4409 08/28/92 13:14 EDT
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Publication:PR Newswire
Date:Aug 28, 1992
Words:387
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