E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for Tenders > News item
Published on 5/2/2014 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

First American Minnesota redeems all of its auction preferred shares

By Tali Rackner

Norfolk, Va., May 2 - First American Minnesota Municipal Income Fund II, Inc. announced that it has completed the redemption of all of its outstanding auction preferred shares, according to a press release.

As previously reported, the fund completed the private placement of variable-rate MuniFund term preferred shares to generate cash proceeds to fund the redemption.

The Minnesota Municipal Income Portfolio Inc. and American Municipal Income Portfolio Inc. plan to complete their redemptions on May 8 and May 9, respectively.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.