American Municipal Income Portfolio Inc. (NYSE:XAA) (the "Fund”)
announced that, at the Fund’s Annual Meeting of Shareholders held today,
shareholders elected the Fund’s current Directors.
The Fund adjourned its Special Meeting of Shareholders with respect to
all proposals presented at the meeting, including proposals to merge the
Fund into Nuveen Investment Quality Municipal Fund, Inc. (NYSE: NQM), a
closed-end fund managed by Nuveen Fund Advisors, LLC and sub-advised by
Nuveen Asset Management, LLC, both current sub-advisors of the Fund, and
to approve certain sub-advisory agreements in connection with the
previously announced acquisition of Nuveen Investments, Inc. by
TIAA-CREF. The meeting was adjourned with respect to all proposals prior
to taking any action as the Fund had not yet received the required votes
to take action on the proposals. The meeting has been adjourned in order
to permit the Fund to continue to solicit shareholder votes and will be
reconvened at 2:15 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 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 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.
Source: U.S. Bancorp Asset Management, Inc.