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U.S. Bancorp Asset Management, Inc. Announces July Distributions For Closed-End Funds

The closed-end funds listed below, which are advised by U.S. Bancorp Asset Management, Inc. (NYSE:USB), today declared their July distributions. The distributions will be allocated on a per-share basis on the common stock. The distributions have an ex-dividend date of July 1, 2014 and will be paid on July 16, 2014 to shareholders of record on July 3, 2014.

    NYSE     July     Change from

Fund

Symbol

Amount

Previous Month

American Strategic
Income Portfolio ASP $0.0575 $0.0000
American Strategic
Income Portfolio II BSP $0.0475 $0.0000
American Strategic
Income Portfolio III CSP $0.0400 $0.0000
American Select
Portfolio SLA $0.0575 $(0.0025)
American Income
Fund MRF $0.0400 $0.0000
American Municipal
Income Portfolio XAA $0.0800 $0.0000
 
NYSE MKT July Change from

Fund

Symbol

Amount

Previous Month

Minnesota Municipal
Income Portfolio MXA $0.0740 $0.0000
Minnesota Municipal
Income Fund II MXN $0.0625 $0.0000
 

ASP, BSP, CSP and SLA distributions are payable in cash or, pursuant to the funds’ dividend reinvestment plans, reinvested in additional shares of the funds’ common stock. Under each fund’s plan, fund shares will be purchased on the open market when the price of the fund’s shares on the New York Stock Exchange plus per share fees is less than a 5% premium over the fund’s most recently calculated net asset value per share. If, at the close of business on the dividend payment date, the shares purchased in the open market are insufficient to satisfy the dividend reinvestment requirement, payment of the dividend, or the remaining portion, will be accepted in authorized but unissued shares of the fund. These shares will be issued at a per-share price equal to the higher of (a) the net asset value per share as of the close of business on the payment date or (b) 95% of the closing market price per share on the payment date.

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