July 26, 2016 7:26 AM ET

Capital Markets

Company Overview of U.S. Bancorp Asset Management, Inc.

Company Overview

U.S. Bancorp Asset Management, Inc. is a privately owned investment manager. The firm primarily provides its services to corporations. It also caters to investment companies, charitable organizations, state or municipal government entities, insurance companies, and institutions including healthcare organizations, higher education, public entities, and non-profits. The firm manages separate client-focused fixed income portfolios. It also launches and managed fixed income mutual funds. The firm invests in fixed income markets. It employs fundamental and quantitative analysis to make its investments. The firm obtains external research to complement its in-house research to make its investments....

800 Nicollet Mall

Mail Stop BC-MN-H04N

Minneapolis, MN 55402

United States

Founded in 2001





Key Executives for U.S. Bancorp Asset Management, Inc.

President, Chief Executive Officer, and Director
Age: 44
Chief Financial Officer and Chairman
Age: 55
Chief Operating Officer
Age: 51
Senior Managing Director, Head of Distribution, and Relationship Manager
Head of Investment Management for Ultra High Net Worth Group
Compensation as of Fiscal Year 2016.

U.S. Bancorp Asset Management, Inc. Key Developments

First American Funds to Offer New Retail Prime Obligations Fund

The First American family of mutual funds announced that it intends to launch a new money market mutual fund, First American Retail Prime Obligations Fund (“new fund”). The new fund is tentatively scheduled to launch July 18, 2016 and will be open to eligible retail investors (“natural persons”). The new fund will seek to maintain a stable $1.00 per share net asset value (“NAV”). Beginning October 14, 2016, the new fund will be subject to the possibility of liquidity fees and redemption gates, as required by the money market fund reform rules adopted by the Securities and Exchange Commission (“SEC”) in July 2014 (the “SEC Rules”). The current First American Prime Obligations Fund (“current fund”) will be renamed First American Institutional Prime Obligations Fund, likely at the time of the launch of the new fund. Beginning October 14, 2016, the current fund will be subject to the possibility of liquidity fees and redemption gates and will transact at a floating NAV which will be calculated out to four decimal places, as required by the SEC Rules.

U.S. Bancorp Asset Management, Inc. Announces September Distributions for Closed-End Funds, Payable on September 17, 2014

U.S. Bancorp Asset Management, Inc. declared their September distributions on American Income Fund of $0.0400, American Municipal Income Portfolio of $0.0800, Minnesota Municipal Income Portfolio of $0.0690 and Minnesota Municipal Income Fund II of $0.0575. The distributions will be allocated on a per-share basis on the common stock. The distributions have an ex-dividend date of September 2, 2014 and will be paid on September 17, 2014 to shareholders of record on September 4, 2014.

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Recent Private Companies Transactions

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