U.S. Bancorp Asset Management, Inc. Announces April Distributions for
MINNEAPOLIS -- March 22, 2013
The closed-end funds listed below, which are advised by U.S. Bancorp Asset
Management, Inc. (NYSE: USB), today declared their April distributions. The
distributions will be allocated on a per-share basis on the common stock. The
distributions have an ex-dividend date of April 1, 2013 and will be paid on
April 17, 2013 to shareholders of record on April 3, 2013.
NYSE April Change from
Fund Symbol Amount Previous Month
Income Portfolio ASP $0.0600 $0.0000
Income Portfolio II BSP $0.0500 $0.0000
Income Portfolio III CSP $0.0375 $0.0000
Portfolio SLA $0.0600 $0.0000
Fund MRF $0.0475 $0.0000
Income Portfolio XAA $0.0800 $0.0025
NYSE MKT April Change from
Fund Symbol Amount Previous Month
Income Portfolio MXA $0.0740 $0.0000
Income Fund II MXN $0.0625 $(0.0025)
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.
MRF distributions are payable in cash or, pursuant to the fund’s dividend
reinvestment plan, reinvested in additional shares of the fund’s common stock.
If you participate in the plan, you will receive the equivalent in shares of
the fund as follows: (1) if the market price of the shares on the payment date
of the dividend or distribution is equal to or exceeds the fund’s net asset
value, participants will be issued fund shares at the higher of net asset
value or 95% of the market price; or (2) if the market price is lower than net
asset value, the plan agent will receive the dividend or capital gain
distributions in cash and apply them to buy fund shares on your behalf in the
open market, on the New York Stock Exchange or elsewhere, for your account. If
the market price exceeds the net asset value of the fund’s shares before the
plan agent has completed its purchases, the average per-share purchase price
paid by the plan agent may exceed the net asset value of the fund’s shares.
This would result in the acquisition of fewer shares than if the dividend or
capital gain distributions had been paid in shares issued by the fund.
XAA, MXA and MXN 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
exchange on which the fund is listed or elsewhere on the open market.
During certain periods, each fund may pay distributions at a rate that may be
more or less than the amount of net investment income actually earned by the
fund during the period. Each fund will provide a notice, as required by
Section 19(a) of the Investment Company Act of 1940, as amended, for any
distribution that does not consist solely of net investment income. Any such
notice will provide information regarding the estimated amounts of the
distribution derived from net investment income, net realized capital gains
and return of capital. Such notices will be for informational purposes only
and the amounts indicated in such notices likely will differ from the ultimate
federal income tax characterization of distributions reported to shareholders
on Form 1099-DIV after year end.
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 $49 billion as of February 28, 2013. First American
Closed-End Funds are subadvised by Nuveen Fund Advisors, Inc. and Nuveen Asset
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.
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.
U.S. Bancorp Asset Management, Inc.
Press spacebar to pause and continue. Press esc to stop.