Printer Friendly

NEW OPEN-END FUNDS OFFERED -- THE PIPER JAFFRAY GROWTH AND INCOME FUND AND THE PACIFIC-EUROPEAN GROWTH FUND

NEW OPEN-END FUNDS OFFERED -- THE PIPER JAFFRAY GROWTH AND INCOME FUND
 AND THE PACIFIC-EUROPEAN GROWTH FUND
 MINNEAPOLIS, Sept. 1 /PRNewswire/ -- Piper Capital Management Incorporated announces two new open-end mutual funds -- Piper Jaffray Growth and Income Fund and the Pacific-European Growth Fund.
 Piper Jaffray Growth and Income Fund has investment objectives of both current income and long-term growth of capital and income. The fund will invest in a broadly diversified portfolio of securities, with an emphasis on securities of large, established companies that have a history of dividend payments and that the adviser believes are undervalued. However, the fund may also invest in debt securities, including U.S. government securities, and nonconvertible preferred stocks.
 On July 6, 1992, Pacific-European Growth Fund shareholders voted to convert the fund from a closed-end to an open-end fund. The open-end fund went effective at the close of business on Aug. 28, 1992. Pacific- European Growth Fund seeks long-term capital appreciation through investments primarily in common stock of companies based in the Pacific Basin and Europe. Current income is incidental to this objective.
 Both funds are managed by Piper Capital Management Incorporated, an investment adviser with more than $8 billion in assets under management. Piper Capital is a subsidiary of Piper Jaffray Companies Inc., a full- service investment firm founded in 1895.
 Prospectuses containing more complete information on the Piper Jaffray Growth and Income Fund and the Pacific-European Growth Fund may be obtained by calling Piper Jaffray at 1-800-333-6000, ext. 6974. Investors should read the prospectus carefully before investing.
 -0- 9/1/92
 /CONTACT: Lynn James, 612-342-6348; or Kimberly Kaul, 612-342-6384, both of Piper Capital Management/ CO: Piper Capital Management ST: Minnesota IN: FIN SU:


KH -- MN007 -- 5394 09/01/92 11:28 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Sep 1, 1992
Words:288
Previous Article:CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT ANNOUNCE FINANCIAL POSITION
Next Article:HURRICANE ANDREW INSURED DAMAGES IN FLORIDA ESTIMATED AT $7.3 BILLION, COSTLIEST INSURED DISASTER ON RECORD
Topics:


Related Articles
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT DECLARE MONTHLY DIVIDENDS
AMERICAN STRATEGIC INCOME PORTFOLIO OFFERS 4,500,000 SHARES AT $15 PER SHARE
AMERICAN ADJUSTABLE RATE TERM TRUST INC. - 1998 OFFERS 34,000,000 SHARES AT $10 PER SHARE
PACIFIC EUROPEAN GROWTH FUND BOARD OF DIRECTORS CALLS FOR SHAREHOLDER VOTE ON CONVERSION TO OPEN-END FUND
CLOSED-END FUNDS MANAGED BY PIPER CAPITAL MANAGEMENT ANNOUNCE FINANCIAL POSITION
AMERICAN MUNICIPAL TERM TRUST - III OFFERS 4,600,000 SHARES AT $10 PER SHARE
NEW OPEN-END FUNDS OFFERED -- INSTITUTIONAL GOVERNMENT ADJUSTABLE PORTFOLIO, ENHANCED 500 FUND, AND INSTITUTIONAL MONEY MARKET FUND
AMERICAN MUNICIPAL INCOME PORTFOLIO OFFERS 5,000,000 SHARES; MINNESOTA MUNICIPAL INCOME PORTFOLIO OFFERS 3,600,000 SHARES
PIPER JAFFRAY COMPANIES, MIDLAND WALWYN INTRODUCE UNIQUE PRICING FOR NEW HERCULES FUNDS
PIPER JAFFRAY COMPANIES ANNOUNCES PJIGX INVESTMENT FUND TO BE CLOSED TO NEW INVESTORS

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters