First American Asset Management Announces Financial Positions for Closed-End Funds

Apr 12, 2001, 01:00 ET from First American Asset Management

    MINNEAPOLIS, April 12 /PRNewswire/ -- First American Asset Management
 announced the financial positions for the following closed-end funds for the
 month ended March 31, 2001.
 
     Net investment income and distribution information for the month ended
      March 31, 2001:
                                                                Accumulated
                                            Preferred    Net   Undistributed
                                   Common    Distri-   Invest-      Net
                                   Monthly   butions    ment     Investment
                                   Distri-   During    Income/    Income/
     Fund                 Symbol  butions(a) Month(b)  Share(c)   Share(d)
     American Municipal
      Term Trust            AXT    $0.0632       n/a   $0.0255    $0.6388
     American Municipal
      Term Trust II         BXT    $0.0517   $0.0132   $0.0686    $0.8294
     American Municipal
      Term Trust III        CXT    $0.0475   $0.0147   $0.0676    $0.7182
     Minnesota Municipal
      Term Trust            MNA    $0.0509   $0.0127   $0.0646    $0.7034
     Minnesota Municipal
      Term Trust II         MNB    $0.0492   $0.0132   $0.0627    $0.5613
     American Municipal
      Income Portfolio      XAA    $0.0660   $0.0204   $0.0867    $0.1297
     Minnesota Municipal
      Income Portfolio      MXA   $0.06625   $0.0191   $0.0852    $0.1567
 
 
                                                                 Accumulated
                                                                Undistributed
                                   Common                Net        Net
                                   Monthly           Investment  Investment
                                   Distri-             Income/     Income/
     Fund                 Symbols  butions(a)         Share(c)    Share(d)
     American Strategic
      Income Portfolio      ASP    $0.0825             $0.0865    $0.0978
     American Strategic
      Income Portfolio II   BSP    $0.0850             $0.0891    $0.1069
     American Strategic
      Income Portfolio III  CSP    $0.0850             $0.0879    $0.0671
     American Select
      Portfolio             SLA    $0.0800             $0.0911    $0.1031
     American Income Fund   MRF    $0.0550             $0.0525   ($0.0331)
 
 
     Financial positions for the month ended March 31, 2001:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                   Symbol        (000)         (000)    Common Share
     American Municipal
      Term Trust             AXT          $87,475      $87,452     $10.34
     American Municipal
      Term Trust II          BXT         $117,410      $80,308     $10.92
     American Municipal
      Term Trust III         CXT          $86,837      $59,151     $11.16
     Minnesota Municipal
      Term Trust             MNA          $89,119      $60,257     $10.51
     Minnesota Municipal
      Term Trust II          MNB          $54,045      $36,640     $10.59
     American Municipal
      Income Portfolio       XAA         $128,738      $84,137     $14.61
     Minnesota Municipal
      Income Portfolio       MXA          $92,543      $60,605     $14.61
     American Strategic
      Income Portfolio       ASP          $70,295      $54,240     $12.82
     American Strategic
      Income Portfolio II    BSP         $279,724     $209,197     $13.11
     American Strategic
      Income Portfolio III   CSP         $354,124     $264,701     $12.40
     American Select
      Portfolio              SLA         $199,926     $141,289     $13.25
     American Income Fund    MRF         $142,646     $109,252      $9.24
 
 
     Financial positions for the month ended March 31, 2000:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                  Symbol          (000)        (000)    Common Share
     American Municipal
      Term Trust             AXT         $133,213      $90,614     $10.72
     American Municipal
      Term Trust II          BXT         $116,836      $79,743     $10.84
     American Municipal
      Term Trust III         CXT          $83,923      $57,244     $10.80
     Minnesota Municipal
      Term Trust             MNA          $88,433      $59,563     $10.39
     Minnesota Municipal
      Term Trust II          MNB          $52,777      $35,372     $10.22
     American Municipal
      Income Portfolio       XAA         $122,139      $78,539     $13.64
     Minnesota Municipal
      Income Portfolio       MXA          $87,889      $56,701     $13.67
     American Strategic
      Income Portfolio       ASP          $64,329      $51,298     $12.13
     American Strategic
      Income Portfolio II    BSP         $254,766     $197,380     $12.37
     American Strategic
      Income Portfolio III   CSP         $316,802     $253,742     $11.89
     American Select
      Portfolio              SLA         $177,639     $134,738     $12.64
 
 
     Financial positions for the month ended March 31, 1999:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                   Symbol         (000)        (000)    Common Share
     American Municipal
      Term Trust             AXT         $142,618      $95,982     $11.35
     American Municipal
      Term Trust II          BXT         $122,925      $84,747     $11.52
     American Municipal
      Term Trust III         CXT          $87,233      $60,613     $11.44
     Minnesota Municipal
      Term Trust             MNA          $98,141      $63,458     $11.07
     Minnesota Municipal
      Term Trust II          MNB          $60,406      $37,554     $10.85
     American Municipal
      Income Portfolio       XAA         $130,580      $87,008     $15.12
     Minnesota Municipal
      Income Portfolio       MXA          $93,630      $62,465     $15.06
     American Strategic
      Income Portfolio       ASP          $85,972      $60,808     $12.91
     American Strategic
      Income Portfolio II    BSP         $322,823     $233,200     $13.07
     American Strategic
      Income Portfolio III   CSP         $419,951     $297,103     $12.43
     American Select
      Portfolio              SLA         $210,204     $155,371     $13.06
 
      (a)  These distributions were declared on February 16, 2001.  They had a
           March 1, 2001, ex-dividend date and were paid on March 28, 2001, to
           shareholders of record on March 5, 2001.
      (b)  Calculated by dividing preferred distributions paid during the month
           by the number of common shares outstanding.
      (c)  Based on a three-month average.
      (d)  Accumulated, undistributed net investment income is reflected in a
           fund's net asset value.  Any reduction of this amount will reduce
           net asset value penny for penny.
      (e)  The difference between net assets and total assets for BXT, CXT,
           MNA, MNB, XAA, and MXA is primarily due to the issuance of preferred
           stock; net assets reflect common stock only.  For ASP, BSP, CSP,
           SLA, and MRF, the difference is primarily due to the funds' use of
           borrowings.
 
     Based in Minneapolis, First American Asset Management, provides investment
 management services to individuals and institutions, including corporations,
 foundations, pensions, and retirement plans.  U.S. Bancorp's (NYSE:   USB) two
 asset management divisions, First American Asset Management and Firstar
 Investment Research & Management Co. LLC (FIRMCO), have combined assets under
 management of $116 billion.  U.S. Bancorp is the eighth largest financial
 services holding company in the United States and a leading provider of
 comprehensive banking, trust, investment, and payment systems products and
 services.  U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.
     Investment products, including shares of closed-end funds, are not
 obligations of, or guaranteed by, any bank including U.S. Bank or any of its
 affiliates, nor are they insured by the Federal Deposit Insurance Corporation,
 the Federal Reserve Board, or any other agency.  An investment in such
 products involves investment risk, including possible loss of principal.
 
 

SOURCE First American Asset Management
    MINNEAPOLIS, April 12 /PRNewswire/ -- First American Asset Management
 announced the financial positions for the following closed-end funds for the
 month ended March 31, 2001.
 
     Net investment income and distribution information for the month ended
      March 31, 2001:
                                                                Accumulated
                                            Preferred    Net   Undistributed
                                   Common    Distri-   Invest-      Net
                                   Monthly   butions    ment     Investment
                                   Distri-   During    Income/    Income/
     Fund                 Symbol  butions(a) Month(b)  Share(c)   Share(d)
     American Municipal
      Term Trust            AXT    $0.0632       n/a   $0.0255    $0.6388
     American Municipal
      Term Trust II         BXT    $0.0517   $0.0132   $0.0686    $0.8294
     American Municipal
      Term Trust III        CXT    $0.0475   $0.0147   $0.0676    $0.7182
     Minnesota Municipal
      Term Trust            MNA    $0.0509   $0.0127   $0.0646    $0.7034
     Minnesota Municipal
      Term Trust II         MNB    $0.0492   $0.0132   $0.0627    $0.5613
     American Municipal
      Income Portfolio      XAA    $0.0660   $0.0204   $0.0867    $0.1297
     Minnesota Municipal
      Income Portfolio      MXA   $0.06625   $0.0191   $0.0852    $0.1567
 
 
                                                                 Accumulated
                                                                Undistributed
                                   Common                Net        Net
                                   Monthly           Investment  Investment
                                   Distri-             Income/     Income/
     Fund                 Symbols  butions(a)         Share(c)    Share(d)
     American Strategic
      Income Portfolio      ASP    $0.0825             $0.0865    $0.0978
     American Strategic
      Income Portfolio II   BSP    $0.0850             $0.0891    $0.1069
     American Strategic
      Income Portfolio III  CSP    $0.0850             $0.0879    $0.0671
     American Select
      Portfolio             SLA    $0.0800             $0.0911    $0.1031
     American Income Fund   MRF    $0.0550             $0.0525   ($0.0331)
 
 
     Financial positions for the month ended March 31, 2001:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                   Symbol        (000)         (000)    Common Share
     American Municipal
      Term Trust             AXT          $87,475      $87,452     $10.34
     American Municipal
      Term Trust II          BXT         $117,410      $80,308     $10.92
     American Municipal
      Term Trust III         CXT          $86,837      $59,151     $11.16
     Minnesota Municipal
      Term Trust             MNA          $89,119      $60,257     $10.51
     Minnesota Municipal
      Term Trust II          MNB          $54,045      $36,640     $10.59
     American Municipal
      Income Portfolio       XAA         $128,738      $84,137     $14.61
     Minnesota Municipal
      Income Portfolio       MXA          $92,543      $60,605     $14.61
     American Strategic
      Income Portfolio       ASP          $70,295      $54,240     $12.82
     American Strategic
      Income Portfolio II    BSP         $279,724     $209,197     $13.11
     American Strategic
      Income Portfolio III   CSP         $354,124     $264,701     $12.40
     American Select
      Portfolio              SLA         $199,926     $141,289     $13.25
     American Income Fund    MRF         $142,646     $109,252      $9.24
 
 
     Financial positions for the month ended March 31, 2000:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                  Symbol          (000)        (000)    Common Share
     American Municipal
      Term Trust             AXT         $133,213      $90,614     $10.72
     American Municipal
      Term Trust II          BXT         $116,836      $79,743     $10.84
     American Municipal
      Term Trust III         CXT          $83,923      $57,244     $10.80
     Minnesota Municipal
      Term Trust             MNA          $88,433      $59,563     $10.39
     Minnesota Municipal
      Term Trust II          MNB          $52,777      $35,372     $10.22
     American Municipal
      Income Portfolio       XAA         $122,139      $78,539     $13.64
     Minnesota Municipal
      Income Portfolio       MXA          $87,889      $56,701     $13.67
     American Strategic
      Income Portfolio       ASP          $64,329      $51,298     $12.13
     American Strategic
      Income Portfolio II    BSP         $254,766     $197,380     $12.37
     American Strategic
      Income Portfolio III   CSP         $316,802     $253,742     $11.89
     American Select
      Portfolio              SLA         $177,639     $134,738     $12.64
 
 
     Financial positions for the month ended March 31, 1999:
 
                                       Total Assets  Net Assets(e)  NAV per
     Fund                   Symbol         (000)        (000)    Common Share
     American Municipal
      Term Trust             AXT         $142,618      $95,982     $11.35
     American Municipal
      Term Trust II          BXT         $122,925      $84,747     $11.52
     American Municipal
      Term Trust III         CXT          $87,233      $60,613     $11.44
     Minnesota Municipal
      Term Trust             MNA          $98,141      $63,458     $11.07
     Minnesota Municipal
      Term Trust II          MNB          $60,406      $37,554     $10.85
     American Municipal
      Income Portfolio       XAA         $130,580      $87,008     $15.12
     Minnesota Municipal
      Income Portfolio       MXA          $93,630      $62,465     $15.06
     American Strategic
      Income Portfolio       ASP          $85,972      $60,808     $12.91
     American Strategic
      Income Portfolio II    BSP         $322,823     $233,200     $13.07
     American Strategic
      Income Portfolio III   CSP         $419,951     $297,103     $12.43
     American Select
      Portfolio              SLA         $210,204     $155,371     $13.06
 
      (a)  These distributions were declared on February 16, 2001.  They had a
           March 1, 2001, ex-dividend date and were paid on March 28, 2001, to
           shareholders of record on March 5, 2001.
      (b)  Calculated by dividing preferred distributions paid during the month
           by the number of common shares outstanding.
      (c)  Based on a three-month average.
      (d)  Accumulated, undistributed net investment income is reflected in a
           fund's net asset value.  Any reduction of this amount will reduce
           net asset value penny for penny.
      (e)  The difference between net assets and total assets for BXT, CXT,
           MNA, MNB, XAA, and MXA is primarily due to the issuance of preferred
           stock; net assets reflect common stock only.  For ASP, BSP, CSP,
           SLA, and MRF, the difference is primarily due to the funds' use of
           borrowings.
 
     Based in Minneapolis, First American Asset Management, provides investment
 management services to individuals and institutions, including corporations,
 foundations, pensions, and retirement plans.  U.S. Bancorp's (NYSE:   USB) two
 asset management divisions, First American Asset Management and Firstar
 Investment Research & Management Co. LLC (FIRMCO), have combined assets under
 management of $116 billion.  U.S. Bancorp is the eighth largest financial
 services holding company in the United States and a leading provider of
 comprehensive banking, trust, investment, and payment systems products and
 services.  U.S. Bancorp is the parent company of Firstar Bank and U.S. Bank.
     Investment products, including shares of closed-end funds, are not
 obligations of, or guaranteed by, any bank including U.S. Bank or any of its
 affiliates, nor are they insured by the Federal Deposit Insurance Corporation,
 the Federal Reserve Board, or any other agency.  An investment in such
 products involves investment risk, including possible loss of principal.
 
 SOURCE  First American Asset Management

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