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Article: FAF Advisors' Closed-End Funds Announce Loan Agreements.
- Article from:
- Business Wire
- Article date:
- July 11, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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MINNEAPOLIS -- American Strategic Income Portfolio Inc. ("ASP"), American Strategic Income Portfolio Inc. - II ("BSP"), American Strategic Income Portfolio Inc. - III ("CSP") and American Select Portfolio Inc. ("SLA") announced today that they have entered into loan agreements with Massachusetts Mutual Life Insurance Company ("MMLIC") under which MMLIC has made term loans of $8,600,000, $45,100,000, $54,400,000 and $31,900,000, respectively, and has agreed to make revolving loans of up to $2,400,000, $12,900,000, $15,600,000 and $9,100,000, respectively, to ASP, BSP, CSP and SLA. The term loans will mature on July 31, 2011 (the "Maturity Date") and may be repaid prior to ...