American Municipal Income Portfolio Inc. Announces Results of Special Shareholder Meeting
September 15 2014 - 4:30PM
Business Wire
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.
U.S. Bancorp Asset Management, Inc.Investor Services,
800-677-3863
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