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U.S. Bancorp Asset Management, Inc. Announces Financial Positions For Closed-End Funds

Stocks in this article: ASP BSP CSP MRF MXA MXN SLA USB XAA

U.S. Bancorp Asset Management, Inc. today announced the financial positions for the following closed-end funds for the month ended January 31, 2012.

Net investment income and distribution information for the month ended January 31, 2012:

Fund   Symbol  

Monthly Common Stock Distributions (a)

 

Monthly Preferred Stock Distributions (b)

 

Net Investment Income/ Share (c)

 

Accumulated Undistributed (Distributions in Excess of) Net Investment Income/ Share (d)

American Strategic Income Portfolio   ASP   $0.0750   N/A   $0.0736   $0.0036
American Strategic Income Portfolio II BSP $0.0500 N/A $0.0507 $(0.0330)
American Strategic Income Portfolio III CSP $0.0375 N/A $0.0382 $(0.1292)
American Select Portfolio SLA $0.0675 N/A $0.0673 $(0.0767)
American Income Fund MRF $0.0525 N/A $0.0489 $0.0250
American Municipal Income Portfolio XAA $0.0775 $0.0008 $0.0806 $0.1222
Minnesota Municipal Income Portfolio MXA $0.0700 $0.0008 $0.0761 $0.1232
Minnesota Municipal Income Fund II MXN $0.0675 $0.0010 $0.0701 $0.1009
 

N/A = Not Applicable

       

Financial positions for the month ended January 31, 2012:

 
Fund   Symbol  

Total Assets (000)

 

Net Assets (e) (000)

 

NAV (1) per Common Share

American Strategic Income Portfolio ASP $74,246 $53,293 $12.59
American Strategic Income Portfolio II BSP $222,239 $155,534 $9.73
American Strategic Income Portfolio III CSP $247,264 $171,488 $8.03
American Select Portfolio SLA $174,804 $122,909 $11.53
American Income Fund MRF $111,453 $79,495 $8.40
American Municipal Income Portfolio XAA $131,764 $88,018 $15.29
Minnesota Municipal Income Portfolio MXA $96,659 $65,439 $15.78
Minnesota Municipal Income Fund II MXN $35,869 $22,857 $15.52
 
 

Financial positions for the month ended January 31, 2011:

 
Fund   Symbol  

Total Assets (000)

 

Net Assets (i) (000)

 

NAV (1) per Common Share

American Strategic Income Portfolio ASP $72,461 $54,427 $12.86
American Strategic Income Portfolio II BSP $243,001 $168,180 $10.52
American Strategic Income Portfolio III CSP $269,262 $187,134 $8.76
American Select Portfolio SLA $179,739 $126,003 $11.82
American Income Fund MRF $113,535 $81,017 $8.56
American Municipal Income Portfolio XAA $118,937 $75,334 $13.09
Minnesota Municipal Income Portfolio MXA $86,226 $55,038 $13.27
Minnesota Municipal Income Fund II MXN $32,703 $19,644 $13.34
 
 

Financial positions for the month ended January 31, 2010:

 
Fund   Symbol  

Total Assets (000)

 

Net Assets (i) (000)

 

NAV (1) per Common Share

American Strategic Income Portfolio ASP $71,248 $54,209 $12.81
American Strategic Income Portfolio II BSP $244,041 $176,831 $11.06
American Strategic Income Portfolio III CSP $297,250 $210,896 $9.88
American Select Portfolio SLA $184,103 $131,320 $12.32
American Income Fund MRF $114,246 $75,543 $7.99
American Municipal Income Portfolio XAA $122,946 $79,353 $13.79
Minnesota Municipal Income Portfolio MXA $90,290 $58,614 $14.13
Minnesota Municipal Income Fund II MXN $33,858 $20,792 $14.12
 

(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 December 16, 2011, had an ex-dividend date of December 28, 2011, and were paid on January 12, 2012, to shareholders of record on December 30, 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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