-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OhLJEhcNI+ONH9Pf9RLXCDo3ze4nl9nZGCNxB8QKBleVY+8MFCgXfnCzPVYG4zqa Uc9wa/GntW6yiAIzgQpqcQ== 0001193805-05-000904.txt : 20050427 0001193805-05-000904.hdr.sgml : 20050427 20050427124314 ACCESSION NUMBER: 0001193805-05-000904 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050228 FILED AS OF DATE: 20050427 DATE AS OF CHANGE: 20050427 EFFECTIVENESS DATE: 20050427 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MUNIASSETS FUND INC CENTRAL INDEX KEY: 0000901243 IRS NUMBER: 223239638 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07642 FILM NUMBER: 05775485 BUSINESS ADDRESS: STREET 1: 800 SCUDDERS MILL RD CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 6092822800 FORMER COMPANY: FORMER CONFORMED NAME: MUNIINCOME FUND INC DATE OF NAME CHANGE: 19930517 N-Q 1 e500479_nq-muniassets.txt FORM N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-7642 Name of Fund: MuniAssets Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, MuniAssets Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 05/31/05 Date of reporting period: 12/01/04 - 2/28/05 Item 1 - Schedule of Investments MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ Alabama - 0.9% $ 2,420 Brewton, Alabama, IDB, PCR, Refunding (Container Corporation of America-Jefferson Smurfit Corp. Project), 8% due 4/01/2009 $ 2,503 - ------------------------------------------------------------------------------------------------------------------------------------ Alaska.- 0.5% 1,410 Alaska Industrial Development and Export Authority Revenue Bonds (Williams Lynxs Alaska Cargoport), AMT, 7.80% due 5/01/2014 1,475 - ------------------------------------------------------------------------------------------------------------------------------------ Arizona - 7.4% Coconino County, Arizona, Pollution Control Corporation, Revenue Refunding Bonds (Tucson Electric Power - Navajo): 3,000 AMT, Series A, 7.125% due 10/01/2032 3,153 2,500 Series B, 7% due 10/01/2032 2,606 1,425 Maricopa County, Arizona, IDA, Education Revenue Bonds (Arizona Charter Schools Project 1), Series A, 6.625% due 7/01/2020 1,409 Maricopa County, Arizona, IDA, M/F Housing Revenue Bonds (Sun King Apartments Project): 1,540 Series A, 6.75% due 5/01/2031 1,259 2,345 Sub-Series C, 9.50% due 11/01/2031 1,811 7,600 Phoenix, Arizona, IDA, Airport Facility, Revenue Refunding Bonds (America West Airlines Inc. Project), AMT, 6.30% due 4/01/2023 5,773 Pima County, Arizona, IDA, Education Revenue Bonds: 1,420 (Arizona Charter Schools Project), Series E, 7.25% due 7/01/2031 1,513 1,000 (Arizona Charter Schools Project II), Series A, 6.75% due 7/01/2031 1,032 1,320 Show Low, Arizona, Improvement District No. 5, Special Assessment Bonds, 6.375% due 1/01/2015 1,378 - ------------------------------------------------------------------------------------------------------------------------------------ California - 3.3% California State, Various Purpose, GO: 1,900 5.25% due 11/01/2025 2,024 1,300 5.50% due 11/01/2033 1,412 1,180 5.25% due 4/01/2034 1,250 1,320 Fontana, California, Special Tax, Refunding (Community Facilities District Number 22 - Sierra), 6% due 9/01/2034 1,342 2,620 Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue Bonds, Series B, 5.50% due 6/01/2043 2,797
Portfolio Abbreviations To simplify the listings of MuniAssets Fund, Inc.'s portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below. AMT Alternative Minimum Tax (subject to) EDA Economic Development Authority GO General Obligation Bonds IDA Industrial Development Authority IDB Industrial Development Board IDR Industrial Development Revenue Bonds M/F Multi-Family PCR Pollution Control Revenue Bonds VRDN Variable Rate Demand Notes MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ Colorado - 7.2% $ 2,000 Denver, Colorado, City and County Airport Revenue Bonds, AMT, Series D, 7.75% due 11/15/2013 (a) $ 2,418 Denver, Colorado, Urban Renewal Authority, Tax Increment Revenue Bonds (Pavilions), AMT: 2,450 7.75% due 9/01/2016 2,570 3,000 7.75% due 9/01/2017 3,147 Elk Valley, Colorado, Public Improvement Revenue Bonds (Public Improvement Fee): 1,890 Series A, 7.10% due 9/01/2014 2,038 2,095 Series A, 7.30% due 9/01/2022 2,252 1,000 Series B, 7% due 9/01/2031 1,026 1,760 North Range, Colorado, Metropolitan District Number 1, GO, 7.25% due 12/15/2031 1,770 2,850 Plaza Metropolitan District No. 1, Colorado, Tax Allocation Revenue Bonds (Public Improvement Fees), 8% due 12/01/2025 2,970 1,170 Southlands, Colorado, Medical District, GO (Metropolitan District # 1), 7.125% due 12/01/2034 1,199 - ------------------------------------------------------------------------------------------------------------------------------------ Connecticut - 2.6% 680 Connecticut State Development Authority, Airport Facility Revenue Bonds (LearJet Inc. Project), AMT, 7.95% due 4/01/2026 790 3,490 Connecticut State Development Authority, IDR (AFCO Cargo BDL-LLC Project), AMT, 8% due 4/01/2030 3,658 2,425 New Haven, Connecticut, Facility Revenue Bonds (Hill Health Corporation Project), 9.25% due 5/01/2017 2,427 - ------------------------------------------------------------------------------------------------------------------------------------ Florida - 5.1% 790 Arbor Greene Community Development District, Florida, Special Assessment Revenue Bonds, 7.60% due 5/01/2018 808 1,130 Capital Projects Finance Authority, Florida, Continuing Care Retirement Revenue Bonds (Glenridge on Palmer Ranch), Series A, 8% due 6/01/2032 1,210 500 Harbor Bay, Florida, Community Development District, Capital Improvement Special Assessment Revenue Bonds, Series A, 7% due 5/01/2033 535 2,000 Hillsborough County, Florida, IDA, Exempt Facilities Revenue Bonds (National Gypsum), AMT, Series A, 7.125% due 4/01/2030 2,203 3,255 Midtown Miami, Florida, Community Development District, Special Assessment Revenue Bonds, Series A, 6.25% due 5/01/2037 3,366 2,305 Orlando, Florida, Urban Community Development District, Capital Improvement Special Assessment Bonds, Series A, 6.95% due 5/01/2033 2,454 2,400 Santa Rosa Bay Bridge Authority, Florida, Revenue Bonds, 6.25% due 7/01/2028 2,230 955 Waterchase, Florida, Community Development District, Capital Improvement Revenue Bonds, Series A, 6.70% due 5/01/2032Series A, 6.70% due 5/01/2032 1,008 - ------------------------------------------------------------------------------------------------------------------------------------ Georgia - 3.6% 3,000 Atlanta, Georgia, Tax Allocation Revenue Bonds (Atlantic Station Project), 7.90% due 12/01/2024 3,261 Brunswick & Glynn County, Georgia, Development Authority, First Mortgage Revenue Bonds (Coastal Community Retirement Corporation Project) Series A: 1,165 7.125% due 1/01/2025 1,223 1,690 7.25% due 1/01/2035 1,780 2,000 Milledgeville-Baldwin County, Georgia, Development Authority Revenue Bonds (Georgia College and State University Foundation), 5.625% due 9/01/2030 2,092 1,170 Savannah, Georgia, EDA, Revenue Bonds (Marshes of Skidaway), First Mortgage, Series A, 7.40% due 1/01/2034 1,218 - ------------------------------------------------------------------------------------------------------------------------------------
MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ Idaho - 0.4% $ 1,000 Idaho Health Facilities Authority, Revenue Refunding Bonds (Valley Vista Care Corporation), Series A, 7.75% due 11/15/2016 $ 1,014 - ------------------------------------------------------------------------------------------------------------------------------------ Illinois - 5.3% 2,630 Caseyville, Illinois, Senior Tax Increment Revenue Bonds (Forest Lakes Project), 7% due 12/30/2022 2,628 4,000 Chicago, Illinois, O'Hare International Airport, Special Facility, Revenue Refunding Bonds (American Airlines Inc. Project), 8.20% due 12/01/2024 3,354 600 Chicago, Illinois, Special Assessment Bonds (Lake Shore East), 6.75% due 12/01/2032 620 Illinois Development Finance Authority Revenue Bonds (Primary Health Care Centers Facilities Acquisition Program): 115 7.50% due 12/01/2006 (g) 121 560 7.50% due 12/01/2006 560 475 7.75% due 12/01/2006 (h) 523 2,720 7.75% due 12/01/2016 2,720 1,990 Illinois Health Facilities Authority Revenue Bonds (Holy Cross Hospital Project), 6.70% due 3/01/2014 1,895 685 Illinois State Finance Authority Revenue Bonds (Primary Health Care Centers Program), 6.60% due 7/01/2024 683 1,070 Lincolnshire, Illinois, Special Service Area No. 1, Special Tax Bonds (Sedgebrook Project), 6.25% due 3/01/2034 1,128 - ------------------------------------------------------------------------------------------------------------------------------------ Iowa - 1.0% 2,250 Iowa Finance Authority, Health Care Facilities, Revenue Refunding Bonds (Care Initiatives Project), 9.25% due 7/01/2025 2,720 - ------------------------------------------------------------------------------------------------------------------------------------ Kentucky - 1.0% 2,850 Kenton County, Kentucky, Airport Board, Special Facilities, Revenue Bonds (Mesaba Aviation Inc. Project), AMT, Series A, 6.70% due 7/01/2029 2,281 600 Kentucky Economic Development Finance Authority, Hospital Facilities, Revenue Refunding Bonds (Baptist Healthcare), VRDN, Series C, 1.76% due 8/15/2031 (b)(f) 600 - ------------------------------------------------------------------------------------------------------------------------------------ Louisiana - 2.9% 7,500 Port New Orleans, Louisiana, IDR, Refunding (Continental Grain Company Project), 7.50% due 7/01/2013 7,777 - ------------------------------------------------------------------------------------------------------------------------------------ Maine - 0.4% 1,160 Maine Finance Authority, Solid Waste Recycling Facilities Revenue Bonds (Great Northern Paper Project-Bowater), AMT, 7.75% due 10/01/2022 1,166 - ------------------------------------------------------------------------------------------------------------------------------------ Maryland - 1.7% 1,910 Maryland State Economic Development Corporation, Revenue Refunding Bonds (Baltimore Association for Retarded Citizens-Health and Mental Hygiene Program), Series A, 7.75% due 3/01/2025 2,038 2,500 Maryland State Energy Financing Administration, Limited Obligation Revenue Bonds (Cogeneration-AES Warrior Run), AMT, 7.40% due 9/01/2019 2,553 - ------------------------------------------------------------------------------------------------------------------------------------ Massachusetts - 1.8% 1,680 Massachusetts State Development Finance Agency, Revenue Refunding Bonds (Eastern Nazarene College), 5.625% due 4/01/2029 1,550 1,150 Massachusetts State Health and Educational Facilities Authority Revenue Bonds (Jordan Hospital), Series E, 6.75% due 10/01/2033 1,223 2,220 Massachusetts State Health and Educational Facilities Authority, Revenue Refunding Bonds (Bay Cove Human Services Issue), Series A, 5.90% due 4/01/2028 2,140 - ------------------------------------------------------------------------------------------------------------------------------------ Michigan - 0.6% 1,635 Macomb County, Michigan, Hospital Finance Authority, Hospital Revenue Bonds (Mount Clemens General Hospital), Series B, 5.875% due 11/15/2034 1,555 - ------------------------------------------------------------------------------------------------------------------------------------ Minnesota - 1.1% 1,180 Minneapolis & Saint Paul, Minnesota, Metropolitan Airports Commission, Special Facilities Revenue Bonds, (Northwest Airlines Inc. Project), AMT, 7.375% due 4/01/2025 1,125 1,770 Saint Paul, Minnesota, Port Authority, Hotel Facility, Revenue Refunding Bonds (Radisson Kellogg Project), Series 2, 7.375% due 8/01/2029 1,850 - ------------------------------------------------------------------------------------------------------------------------------------
MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ Missouri - 0.9% Fenton, Missouri, Tax Increment Revenue Refunding and Improvement Bonds (Gravois Bluffs): $ 425 6.75% due 10/01/2015 $ 431 1,000 7% due 10/01/2021 1,077 1,000 Kansas City, Missouri, IDA, First Mortgage Health Facilities Revenue Bonds (Bishop Spencer Place), Series A, 6.50% due 1/01/2035 1,019 - ------------------------------------------------------------------------------------------------------------------------------------ Nevada - 0.2% 650 Clark County, Nevada, Improvement District No. 142 Special Assessment, 6.375% due 8/01/2023 670 - ------------------------------------------------------------------------------------------------------------------------------------ New Jersey - 16.5% Camden County, New Jersey, Improvement Authority, Lease Revenue Bonds (Holt Hauling & Warehousing), AMT, Series A (c)(d): 5,600 9.625% due 1/01/2011 727 5,800 9.875% due 1/01/2021 752 770 Camden County, New Jersey, Pollution Control Financing Authority, Solid Waste Resource Recovery Revenue Bonds, Series D, 7.25% due 12/01/2010 770 Camden County, New Jersey, Pollution Control Financing Authority, Solid Waste Resource Recovery, Revenue Refunding Bonds, AMT: 9,000 Series A, 7.50% due 12/01/2010 8,999 985 Series B, 7.50% due 12/01/2009 985 3,065 New Jersey EDA, Cigarette Tax Revenue Bonds, 5.50% due 6/15/2024 3,224 2,500 New Jersey EDA, IDR, Refunding (Newark Airport Marriott Hotel), 7% due 10/01/2014 2,619 New Jersey EDA, Retirement Community Revenue Bonds, Series A: 1,665 (Cedar Crest Village Inc. Facility), 7.25% due 11/15/2021 1,763 5,800 (Seabrook Village Inc.), 8.125% due 11/15/2023 6,253 New Jersey EDA, Special Facility Revenue Bonds (Continental Airlines Inc. Project), AMT: 2,000 6.25% due 9/15/2019 1,677 6,195 6.25% due 9/15/2029 4,915 1,250 9% due 6/01/2033 1,277 2,650 New Jersey Health Care Facilities Financing Authority Revenue Bonds (Pascack Valley Hospital Association), 6.625% due 7/01/2036 2,616 1,500 New Jersey Health Care Facilities Financing Authority, Revenue Refunding Bonds (Trinitas Hospital Obligation Group), 7.40% due 7/01/2020 1,712 4,280 Tobacco Settlement Financing Corporation of New Jersey, Asset Backed Revenue Refunding Bonds, 5.75% due 6/01/2032 4,267 1,425 Tobacco Settlement Financing Corporation of New Jersey Revenue Bonds, 7% due 6/01/2041 1,529 - ------------------------------------------------------------------------------------------------------------------------------------ New Mexico - 1.0% 2,500 Farmington, New Mexico, PCR, Refunding (Tucson Electric Power Co.-San Juan Project), Series A, 6.95% due 10/01/2020 2,620 - ------------------------------------------------------------------------------------------------------------------------------------ New York - 3.3% 1,400 Dutchess County, New York, IDA, Civic Facility, Revenue Refunding Bonds (Saint Francis Hospital), Series A, 7.50% due 3/01/2029 1,426 New York City, New York, City IDA, Civic Facility Revenue Bonds: 510 Series C, 6.80% due 6/01/2028 527 2,715 (Special Needs Facilities Pooled Program), Series C-1, 6.625% due 7/01/2029 2,745 2,400 New York City, New York, City IDA, Special Facility Revenue Bonds (British Airways PLC Project), AMT, 7.625% due 12/01/2032 2,519 - ------------------------------------------------------------------------------------------------------------------------------------
MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ New York -concluded $ 1,575 Westchester County, New York, IDA, Continuing Care Retirement, Mortgage Revenue Bonds (Kendal on Hudson Project), Series A, 6.50% due 1/01/2034 $ 1,603 - ------------------------------------------------------------------------------------------------------------------------------------ North Carolina - 0.6% 1,500 North Carolina Medical Care Commission, Retirement Facilities, First Mortgage Revenue Bonds (Givens Estates Project), Series A, 6.50% due 7/01/2032 1,575 - ------------------------------------------------------------------------------------------------------------------------------------ Oregon - 0.8% Western Generation Agency, Oregon, Cogeneration Project Revenue Bonds (Wauna Cogeneration Project): 1,440 AMT, Series B, 7.40% due 1/01/2016 1,477 700 Series A, 7.125% due 1/01/2021 718 - ------------------------------------------------------------------------------------------------------------------------------------ Pennsylvania - 5.5% 2,330 Montgomery County, Pennsylvania, IDA, Revenue Bonds (Whitemarsh Continuing Care Project), 6.125% due 2/01/2028 2,369 3,250 Pennsylvania Economic Development Financing Authority, Exempt Facilities Revenue Bonds (National Gypsum Company), AMT, Series A, 6.25% due 11/01/2027 3,433 2,270 Philadelphia, Pennsylvania, Authority for IDR (Air Cargo), AMT, Series A, 7.50% due 1/01/2025 2,349 6,440 Philadelphia, Pennsylvania, Authority for IDR, Commercial Development, 7.75% due 12/01/2017 6,581 - ------------------------------------------------------------------------------------------------------------------------------------ South Carolina - 1.4% 3,500 South Carolina Jobs, EDA, Economic Development Revenue Bonds (Westminster Presbyterian Center), 7.75% due 11/15/2030 3,725 - ------------------------------------------------------------------------------------------------------------------------------------ Tennessee - 1.3% 900 Sevier County, Tennessee, Public Building Authority, Local Government Improvement Revenue Bonds, VRDN, Series IV-A-2, 1.75% due 6/01/2025 (e)(f) 900 2,500 Shelby County, Tennessee, Health, Educational and Housing Facilities Board Revenue Bonds (Germantown Village), Series A, 7.25% due 12/01/2034 2,574 - ------------------------------------------------------------------------------------------------------------------------------------ Texas - 8.3% 1,000 Austin, Texas, Convention Center Revenue Bonds (Convention Enterprises Inc.), First Tier, Series A, 6.70% due 1/01/2028 1,068 Brazos River Authority, Texas, PCR, Refunding, AMT: 2,550 (Texas Utility Company), Series A, 7.70% due 4/01/2033 3,009 3,865 (Utilities Electric Company), Series B, 5.05% due 6/01/2030 3,940 1,680 Brazos River Authority, Texas, Revenue Refunding Bonds (Reliant Energy Inc. Project), Series B, 7.75% due 12/01/2018 1,859 2,340 Grand Prairie, Texas, Housing Finance Corporation Revenue Bonds (Independent Senior Living Center), 7.75% due 1/01/2034 2,292 1,400 Houston, Texas, Health Facilities Development Corporation, Retirement Facility Revenue Bonds (Buckingham Senior Living Community), Series A, 7.125% due 2/15/2034 1,504 3,190 Matagorda County, Texas, Navigation District Number 1, Revenue Refunding Bonds (Reliant Energy Inc.), Series C, 8% due 5/01/2029 3,524 1,860 Port Corpus Christi, Texas, Individual Development Corporation, Environmental Facilities Revenue Bonds (Citgo Petroleum Corporation Project), AMT, 8.25% due 11/01/2031 2,001 3,000 Port Corpus Christi, Texas, Revenue Refunding Bonds (Celanese Project), AMT, Series B, 6.70% due 11/01/2030 3,135 - ------------------------------------------------------------------------------------------------------------------------------------ Utah - 0.6% 1,660 Carbon County, Utah, Solid Waste Disposal Revenue Refunding Bonds (Laidlaw Environmental), AMT, Series A, 7.45% due 7/01/2017 1,706 - ------------------------------------------------------------------------------------------------------------------------------------ Virginia - 7.8% 1,500 Dulles Town Center, Virginia, Community Development Authority, Special Assessment Tax (Dulles Town Center Project), 6.25% due 3/01/2026 1,536 Pocahontas Parkway Association, Virginia, Toll Road Revenue Bonds, Capital Appreciation, Senior Series B: 48,400 5.95%* due 8/15/2031 10,048 48,400 5.95%* due 8/15/2032 9,418 - ------------------------------------------------------------------------------------------------------------------------------------
MuniAssets Fund, Inc. Schedule of Investments as of February 28, 2005 (in Thousands)
Face State Amount Municipal Bonds Value - ------------------------------------------------------------------------------------------------------------------------------------ West Virginia - 0.4% $ 1,320 Princeton, West Virginia, Hospital Revenue Refunding Bonds (Community Hospital Association Inc. Project), 6% due 5/01/2019 $ 1,069 - ------------------------------------------------------------------------------------------------------------------------------------ Wisconsin - 0.7% 1,855 Wisconsin State Health and Educational Facilities Authority Revenue Bonds (New Castle Place Project), Series A, 7% due 12/01/2031 1,884 - ------------------------------------------------------------------------------------------------------------------------------------ Wyoming - 0.9% 2,500 Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds (FMC Corporation Project), AMT, Series A, 7% due 6/01/2024 2,540 - ------------------------------------------------------------------------------------------------------------------------------------ U.S. Virgin Islands - 1.2% 3,000 Virgin Islands Government Refinery Facilities, Revenue Refunding Bonds (Hovensa Coker Project), AMT, 1.2% 6.50% due 7/01/2021 3,284 - ------------------------------------------------------------------------------------------------------------------------------------ Total Investments (Cost - $265,465**) - 98.2% 264,454 Other Assets Less Liabilities - 1.8% 4,968 ---------- Net Assets - 100.0% $ 269,422 ==========
(a) AMBAC Insured. (b) MBIA Insured. (c) Non-income producing security; issuer filed for bankruptcy or is in default of interest payments. (d) Restricted securities as to resale, representing .55% of net assets.
(in Thousands) --------------------------------------------------------------------------------------------------------- Acquisition Issue Date Cost Value --------------------------------------------------------------------------------------------------------- Camden County, New Jersey, Improvement Authority, Lease, Revenue Bonds (Holt Hauling & Warehousing), AMT, Series, A 9.625% due 1/01/2011 1/29/1997 $ 5,925 $ 727 Camden County, New Jersey, Improvement Authority, Lease Revenue Bonds 2/06/1996- (Holt Hauling & Warehousing), AMT, SeriesA, 9.875% due 1/01/2021 1/29/1997 $ 5,944 $ 752 --------------------------------------------------------------------------------------------------------- Total $11,869 $1,479 =================
(e) FSA Insured. (f) Security has a maturity of more than one year, but has variable rate and demand features which, qualify it as a short-term security. The rate disclosed is that currently in effect. This rate changes periodically based upon prevailing market rates. (g) Escrowed to maturity. (h) Prerefunded. * Represents a zero coupon bond; the interest rate shown reflects the effective yield at the time of purchase by the Fund. ** The cost and unrealized appreciation (depreciation) of investments as of February 28, 2005, as computed for federal income tax purposes, were as follows: (in Thousands) -------------------------------------------------------------------------- Aggregate cost $ 265,435 ----------- Gross unrealized appreciation $ 13,743 Gross unrealized depreciation (14,724) ----------- Net unrealized depreciation $ (981) =========== Item 2 - Controls and Procedures 2(a) - The registrant's certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. The registrant's certifying officers have determined that the registrant's disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3 - Exhibits Certifications - Attached hereto Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MuniAssets Fund, Inc. By: /s/Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer MuniAssets Fund, Inc. Date: April 22, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer MuniAssets Fund, Inc. Date: April 22, 2005 By: /s/ Donald C. Burke ----------------------- Donald C. Burke Chief Financial Officer MuniAssets Fund, Inc. Date: April 22, 2005 EX-99.CERT 2 e500479_ex99-cert.txt CERTIFICATE PURSUANT TO SECTION 302 EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Robert C. Doll, Jr., Chief Executive Officer of MuniAssets Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniAssets Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: April 22, 2005 /s/ Robert C. Doll, Jr. ----------------------- Robert C. Doll, Jr. Chief Executive Officer MuniAssets Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Donald C. Burke, Chief Financial Officer of MuniAssets Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of MuniAssets Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the Registrant as of the end of the fiscal quarter for which the report is filed; 4. The Registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during the Registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting; and 5. The Registrant's other certifying officer(s) and I have disclosed to the Registrant's auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's internal control over financial reporting. Date: April 22, 2005 /s/ Donald C. Burke ------------------- Donald C. Burke Chief Financial Officer MuniAssets Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----