SMITH BARNEY INTERMEDIATE MUNICIPAL FUND BRINGS INITIAL PUBLIC OFFERING TO THE AMERICAN STOCK EXCHANGE
SMITH BARNEY INTERMEDIATE MUNICIPAL FUND BRINGS INITIAL
PUBLIC OFFERING TO THE AMERICAN STOCK EXCHANGE
NEW YORK, Feb. 28 /PRNewswire/ -- The American Stock Exchange announced that New York-based Smith Barney Intermediate Municipal Fund, Inc. began trading its common stock today. Trading under ticker symbol SBI, the stock opened on a quote of 10 (bid) to 10-1/8 (ask).
Smith Barney Intermediate is a newly-organized, diversified, no load, closed-end management investment company. Registered under the Investment Company Act of 1940, the fund invests its assets in municipal securities. Their portfolio manager is Mutual Management Corp., a subsidiary of Smith Barney Inc.
The American Stock Exchange is the second largest securities exchange in the United States and the largest American exchange with significant markets in both equities and derivative products. Today, it is an international institution on the cutting edge of trading floor technology, new product development and expansion into world markets through system linkages and globally traded products.
/CONTACT: Lisa Neuner of American Stock Exchange, 212-306-2028/ CO: Smith Barney Intermediate Municipal Fund, Inc. ST: New York IN: FIN SU: SH -- NY055 -- 3828 02/28/92 15:30 EST