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

U.S. Bancorp Asset Management, Inc. (NYSE:USB) today announced the financial positions for the following closed-end funds for the month ended September 30, 2012.
 

Net investment income and distribution information for the month ended September 30, 2012:
 
                    Accumulated
Undistributed

 

 
(Distributions

Monthly

Monthly
Net in Excess of)

Common

Preferred
Investment Net Investment

Stock

Stock
Income/ Income/
Fund     Symbol    

Distributions (a)
   

Distributions (b)
    Share (c)     Share (d)
American Strategic Income Portfolio ASP $0.0700 N/A $0.0625 $(0.0113)
American Strategic Income Portfolio II BSP $0.0475 N/A $0.0467 $(0.0105)
American Strategic Income Portfolio III CSP $0.0375 N/A $0.0336 $(0.1037)
American Select Portfolio SLA $0.0675 N/A $0.0623 $(0.0693)
American Income Fund MRF $0.0500 N/A $0.0463 $0.0108
American Municipal Income Portfolio XAA $0.0775 $0.0016 $0.0829 $0.1461
Minnesota Municipal Income Portfolio MXA $0.0740 $0.0016 $0.0755 $0.1486
Minnesota Municipal Income Fund II MXN $0.0650 $0.0018 $0.0663 $0.0950
 

N/A = Not Applicable
 
 

Financial positions for the month ended September 30, 2012:
 
        Total Assets    

Net Assets (e)
    NAV (1) per
Fund     Symbol     (000)     (000)     Common Share
American Strategic Income Portfolio ASP $78,764 $55,285 $13.07
American Strategic Income Portfolio II BSP $231,752 $164,368 $10.28
American Strategic Income Portfolio III CSP $249,371 $176,168 $8.25
American Select Portfolio SLA $181,113 $128,965 $12.10
American Income Fund MRF $110,595 $81,201 $8.58
American Municipal Income Portfolio XAA $135,161 $91,202 $15.84
Minnesota Municipal Income Portfolio MXA $98,456 $67,219 $16.21
Minnesota Municipal Income Fund II MXN $36,454 $23,388 $15.88
 
 

Financial positions for the month ended September 30, 2011:
 
        Total Assets     Net Assets (e)     NAV (1) per
Fund     Symbol     (000)     (000)     Common Share
American Strategic Income Portfolio ASP $71,255 $52,605 $12.43
American Strategic Income Portfolio II BSP $228,225 $157,383 $9.85
American Strategic Income Portfolio III CSP $256,225 $177,851 $8.33
American Select Portfolio SLA $175,585 $122,259 $11.47
American Income Fund MRF $110,892 $77,473 $8.19
American Municipal Income Portfolio XAA $127,318 $83,628 $14.53
Minnesota Municipal Income Portfolio MXA $92,839 $61,594 $14.85
Minnesota Municipal Income Fund II MXN $34,850 $21,816 $14.82
 
 

Financial positions for the month ended September 30, 2010:
 
        Total Assets     Net Assets (e)     NAV (1) per
Fund     Symbol     (000)     (000)     Common Share
American Strategic Income Portfolio ASP $72,666 $56,367 $13.32
American Strategic Income Portfolio II BSP $248,269 $171,017 $10.70
American Strategic Income Portfolio III CSP $280,494 $192,872 $9.03
American Select Portfolio SLA $181,881 $128,234 $12.03
American Income Fund MRF $116,708 $80,043 $8.47
American Municipal Income Portfolio XAA $128,239 $84,631 $14.70
Minnesota Municipal Income Portfolio MXA $94,248 $63,052 $15.21
Minnesota Municipal Income Fund II MXN $35,188 $22,130 $15.03
 

(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 August 24, 2012, had an ex-dividend date of September 4, 2012, and were paid on September 19, 2012, to shareholders of record on September 6, 2012.
(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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