Minnesota Municipal Income Portfolio Inc. & First American Minnesota Municipal Income Fund II, Inc. Announce Results of Fund ...
August 15 2014 - 4:30PM
Business Wire
Minnesota Municipal Income Portfolio Inc. (NYSE MKT: MXA) and
First American Minnesota Municipal Income Fund II, Inc. (NYSE MKT:
MXN) (each a "Fund" and, collectively, the "Funds") announced that,
at each Fund’s Annual Meeting of Shareholders held today,
shareholders elected the Funds’ current Directors.
Each Fund adjourned its Special Meeting of Shareholders with
respect to all proposals presented at the meeting, including
proposals to merge the Funds into a newly organized closed-end fund
which would be managed by Nuveen Fund Advisors, LLC and sub-advised
by Nuveen Asset Management, LLC, both current sub-advisors of the
Funds, and to approve certain sub-advisory agreements in connection
with the previously announced acquisition of Nuveen Investments,
Inc. by TIAA-CREF. The meetings were adjourned with respect to all
proposals prior to taking any action as not all Funds had received
the required votes to take action on the proposals. The meetings
have been adjourned in order to permit the Funds to continue to
solicit shareholder votes and will be reconvened at 2:00 p.m.,
Central time, on Monday, September 15, 2014, at the offices of U.S.
Bancorp Asset Management, Inc., 3rd Floor—Training Room A, 800
Nicollet Mall, Minneapolis, MN 55402.
For more information about the Funds, 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 July 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.
U.S. Bancorp Asset Management, Inc.Investor
Services800.677.3863
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