U.S. Bancorp Asset Management, Inc. today announced the financial positions for the following closed-end funds for the month ended December 31, 2011.
| Net investment income and distribution information for the month ended December 31, 2011: | |||||||||||||||||
| Accumulated | |||||||||||||||||
| Undistributed | |||||||||||||||||
| Monthly | Monthly | (Distributions | |||||||||||||||
| Common | Preferred | Net | in Excess of) | ||||||||||||||
| Stock | Stock | Investment | Net Investment | ||||||||||||||
| Distributions | Distributions | Income/ | Income/ | ||||||||||||||
| Fund | Symbol | (a) | (b) | Share (c) | Share (d) | ||||||||||||
| American Strategic Income Portfolio | ASP | $0.0750 | N/A | $0.0747 | $0.0207 | ||||||||||||
| American Strategic Income Portfolio II | BSP | $0.0500 | N/A | $0.0519 | $(0.0222 | ) | |||||||||||
| American Strategic Income Portfolio III | CSP | $0.0375 | N/A | $0.0386 | $(0.1198 | ) | |||||||||||
| American Select Portfolio | SLA | $0.0675 | N/A | $0.0674 | $(0.0643 | ) | |||||||||||
| American Income Fund | MRF | $0.0525 | N/A | $0.0502 | $0.0297 | ||||||||||||
| American Municipal Income Portfolio | XAA | $0.0775 | $0.0012 | $0.0806 | $0.1193 | ||||||||||||
| Minnesota Municipal Income Portfolio | MXA | $0.0700 | $0.0012 | $0.0761 | $0.1177 | ||||||||||||
| Minnesota Municipal Income Fund II | MXN | $0.0675 | $0.0015 | $0.0706 | $0.1002 | ||||||||||||
N/A = Not Applicable
| Financial positions for the month ended December 31, 2011: | ||||||||||||
| Total Assets | Net Assets (e) | NAV (1) per | ||||||||||
| Fund | Symbol | (000) | (000) | Common Share | ||||||||
| American Strategic Income Portfolio | ASP | $71,154 | $52,714 | $12.46 | ||||||||
| American Strategic Income Portfolio II | BSP | $223,310 | $155,266 | $9.71 | ||||||||
| American Strategic Income Portfolio III | CSP | $250,083 | $172,799 | $8.09 | ||||||||
| American Select Portfolio | SLA | $174,560 | $121,818 | $11.43 | ||||||||
| American Income Fund | MRF | $110,103 | $77,846 | $8.23 | ||||||||
| American Municipal Income Portfolio | XAA | $128,452 | $84,288 | $14.64 | ||||||||
| Minnesota Municipal Income Portfolio | MXA | $94,246 | $62,713 | $15.12 | ||||||||
| Minnesota Municipal Income Fund II | MXN | $35,207 | $22,072 | $14.99 | ||||||||
| Financial positions for the month ended December 31, 2010: | ||||||||||||
| Total Assets | Net Assets (e) | NAV (1) per | ||||||||||
| Fund | Symbol | (000) | (000) | Common Share | ||||||||
| American Strategic Income Portfolio | ASP | $70,979 | $54,731 | $12.93 | ||||||||
| American Strategic Income Portfolio II | BSP | $244,955 | $168,175 | $10.52 | ||||||||
| American Strategic Income Portfolio III | CSP | $269,699 | $185,172 | $8.67 | ||||||||
| American Select Portfolio | SLA | $183,781 | $125,647 | $11.78 | ||||||||
| American Income Fund | MRF | $113,095 | $79,682 | $8.42 | ||||||||
| American Municipal Income Portfolio | XAA | $120,877 | $76,817 | $13.34 | ||||||||
| Minnesota Municipal Income Portfolio | MXA | $87,816 | $56,328 | $13.58 | ||||||||
| Minnesota Municipal Income Fund II | MXN | $33,231 | $20,069 | $13.63 | ||||||||
| Financial positions for the month ended December 31, 2009: | ||||||||||||
| Total Assets | Net Assets (e) | NAV (1) per | ||||||||||
| Fund | Symbol | (000) | (000) | Common Share | ||||||||
| American Strategic Income Portfolio | ASP | $70,980 | $53,352 | $12.61 | ||||||||
| American Strategic Income Portfolio II | BSP | $247,147 | $177,733 | $11.12 | ||||||||
| American Strategic Income Portfolio III | CSP | $303,495 | $213,773 | $10.01 | ||||||||
| American Select Portfolio | SLA | $183,581 | $129,292 | $12.13 | ||||||||
| American Income Fund | MRF | $113,502 | $73,521 | $7.78 | ||||||||
| American Municipal Income Portfolio | XAA | $122,548 | $78,477 | $13.63 | ||||||||
| Minnesota Municipal Income Portfolio | MXA | $89,699 | $58,192 | $14.03 | ||||||||
| Minnesota Municipal Income Fund II | MXN | $33,777 | $20,601 | $13.99 | ||||||||
(1) NAVs are priced as of the close of business on the month-end and year as indicated above.
| (a) | These distributions were declared on November 18, 2011, had an ex-dividend date of December 1, 2011, and were paid on December 21, 2011, to shareholders of record on December 5, 2011. | |
| (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 (distributions in excess of) 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 XAA, MXA, and MXN 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. | |
The aforementioned financial data is unaudited. It has, however, been obtained from sources deemed reliable.
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