American Municipal Income Portfolio Inc. Announces Results Of Special Shareholder Meeting

American Municipal Income Portfolio Inc. (NYSE: XAA) (the "Fund”) announced that, at the reconvened Special Meeting of Shareholders held today, all proposals presented at the meeting were approved by shareholders, including proposals to merge the Fund with and into Nuveen Investment Quality Municipal Fund, Inc. (NYSE: NQM) (the “Acquiring Fund”), a closed-end fund managed by Nuveen Fund Advisors, LLC and subadvised by Nuveen Asset Management, LLC, both current sub-advisors of the Fund, and to approve certain sub-advisory agreements for the Fund in connection with the previously announced acquisition of Nuveen Investments, Inc. by TIAA-CREF. The merger approved by the Fund’s shareholders is expected to become effective on October 6, 2014, subject to the satisfaction of customary closing conditions. On the effective date of the merger, shareholders of the Fund will become shareholders of the Acquiring Fund.

For more information about the Fund, visit www.firstamericanfunds.com or call 800.677.3863.

Minneapolis-based U.S. Bancorp Asset Management, Inc. serves as investment advisor to the First American Closed-End Funds. A subsidiary of U.S. Bank National Association, U.S. Bancorp Asset Management focuses on providing investment management services to institutional clients, including corporations, public entities and nonprofits. It has combined assets under management of more than $52 billion as of August 31, 2014. First American Closed-End Funds are subadvised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC.

Investment products, including shares of closed-end funds, are not obligations of, or guaranteed by, any bank, including U.S. Bank or any U.S. Bancorp affiliate, 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.

Please remember, you could lose money with this investment. Neither safety of principal nor stability of income is guaranteed. Past performance does not guarantee future results.

U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp, the fifth-largest commercial bank in the United States, and provides a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions. Visit U.S. Bancorp on the web at www.usbank.com .

Copyright Business Wire 2010

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