FAF Advisors, Inc., Declares June Distributions for Closed-End Funds

FAF Advisors today declares June distributions for the following funds. The distributions will be allocated on a per-share basis on the common stock. The distributions have a June 2, 2008, ex-dividend date and will be paid on June 25, 2008, to shareholders of record on June 4, 2008. In addition, Minnesota Municipal Income Portfolio (MXA), Minnesota Municipal income Fund II (MXN) and American Income Fund (MRF) have increased their monthly distributions, beginning with the June distribution. These distributions were increased to more closely reflect current earnings. Fund   NYSESymbol   JuneAmount   MayAmount American Strategic Income Portfolio ASP $0.0650 $0.0650 American Strategic Income Portfolio II BSP $0.0600 $0.0600 American Strategic Income Portfolio III CSP $0.0750 $0.0750 American Select Portfolio SLA $0.0650 $0.0650 American Income Fund MRF $0.0460 $0.0425 American Municipal Income Portfolio XAA $0.0600 $0.0600 Fund   AMEXSymbol   JuneAmount   MayAmount Minnesota Municipal Income Portfolio MXA $0.0575 $0.0550 Minnesota Municipal Income Fund II MXN $0.0575 $0.0550 Based in Minneapolis, FAF Advisors, Inc., a subsidiary of U.S. Bank National Association serves as the investment advisor to the First American Funds. It provides investment management services to individuals and institutions–including corporations, foundations, pension funds, public funds, and retirement plans–and had combined assets under management of more than $113 billion as of March 31, 2008. U.S. Bank National Association is a separate entity and wholly owned subsidiary of U.S. Bancorp (NYSE:USB), the sixth-largest(a) financial services holding company in the United States as of March 31, 2008, and a leading provider of comprehensive banking, trust, investment, and payment systems products and service. U.S. Bancorp is the parent company of U.S. Bank. Visit U.S. Bancorp at usbank.com. 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. (a)Information provided by U.S. Bank Investor Relations.