Three municipal income funds announce plans to redeem preferreds

By Susanna Moon

Chicago, April 1 - First American Minnesota Municipal Income Fund II, Inc., American Municipal Income Portfolio Inc. and Minnesota Municipal Income Portfolio Inc. announced plans to redeem some preferred shares in separate filings with the Securities and Exchange Commission.

The preferreds have a liquidation preference of $25,000 per share.

First American Minnesota will redeem 520 auction preferreds on May 2; American Municipal Income will redeem 870 series T remarketed preferreds on May 7 and 870 series TH remarketed preferreds on May 9; and Minnesota Municipal Income will redeem 622 series M remarketed preferreds on May 6 and 622 series W remarketed preferreds on May 8.

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