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UNITED STATES |
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FORM N-Q |
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QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number |
811-7812 |
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Salomon Brothers Municipal Partners Fund II Inc. |
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(Exact name of registrant as specified in charter) |
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125 Broad Street, New York, NY |
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10004 |
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(Address of principal executive offices) |
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(Zip code) |
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Robert I. Frenkel, Esq. Smith Barney Fund Management LLC 300 First Stamford Place Stamford, CT 06902 |
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(Name and address of agent for service) |
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Registrant's telephone number, including area code: |
1-800-451-2010 |
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Date of fiscal year end: |
June 30 |
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Date of reporting period: |
March 31, 2005 |
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ITEM 1. SCHEDULE OF INVESTMENTS
FORM N-Q
MARCH 31, 2005
SALOMON BROTHERS MUNICIPAL PARTNERS FUND II INC.
Schedule of Investments (unaudited) |
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March 31, 2005 |
FACE |
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RATINGS (a) |
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SECURITY |
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VALUE |
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LONG-INVESTMENTS - 96.9% |
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Alabama - 0.2% |
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$ |
250,000 |
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AAA |
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Huntsville, Alabama GO, Series A, FSA-Insured, |
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$ |
285,200 |
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California - 7.1% |
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California State GO: |
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1,500,000 |
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A |
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5.125% due 6/1/24 |
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1,545,015 |
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2,400,000 |
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AAA |
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FSA-Insured, 6.000% due 2/1/16 |
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2,797,800 |
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2,500,000 |
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AAA |
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Huntington Beach California Union High School
District GO, |
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2,592,325 |
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2,500,000 |
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AAA |
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Napa Valley, California Community College District
GO, |
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2,623,325 |
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9,558,465 |
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Colorado - 1.3% |
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1,750,000 |
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BBB+ |
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Colorado Health Facilities Authority Revenue, |
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1,736,192 |
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Connecticut - 2.3% |
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3,000,000 |
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AAA |
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Connecticut State Special Tax Obligation Revenue, AMBAC-Insured, 5.000% due 7/1/23 |
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3,154,620 |
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District of Columbia - 1.6% |
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2,000,000 |
|
AAA |
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District of Columbia Revenue, (American University), |
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2,085,360 |
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Florida - 0.8% |
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1,000,000 |
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AAA |
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St. Johns County, FL Water and Sewer Revenue, |
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1,107,680 |
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Georgia - 1.7% |
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10,000 |
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AAA |
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Fulton County, GA Housing Authority Revenue,
Single-Family |
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10,117 |
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2,000,000 |
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AAA |
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Georgia State, GO, Series C, 5.500% due 7/1/15 |
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2,246,360 |
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2,256,477 |
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Illinois - 12.0% |
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Chicago, IL Board of Education GO, (Chicago School
Reform), |
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100,000 |
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AAA |
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5.750% due 12/1/27 |
|
107,432 |
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900,000 |
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AAA |
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5.750% due 12/1/27 Pre-Refunded - Escrowed with
state |
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981,189 |
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500,000 |
|
AAA |
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Chicago, IL GO, Series A, FSA-Insured, 5.250% due 1/1/16 |
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542,655 |
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1,750,000 |
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AAA |
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Chicago, IL Midway Airport Revenue, Series B,
MBIA-Insured, |
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1,816,517 |
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1,000,000 |
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AAA |
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Chicago, IL Public Building Commission, Building
Revenue, 5.250% due 12/1/18 |
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1,102,800 |
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250,000 |
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AAA |
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Cook County, IL Refunding GO, Series A,
MBIA-Insured, |
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267,070 |
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2,000,000 |
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Aaa * |
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Illinois Development Finance Authority, Revolving
Fund |
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2,183,540 |
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See Notes to Schedule of Investments.
1
SALOMON BROTHERS MUNICIPAL PARTNERS FUND II INC.
Schedule of Investments (unaudited)(continued) |
|
March 31, 2005 |
FACE |
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RATINGS (a) |
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SECURITY |
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VALUE |
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Illinois - 12.0% (continued) |
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$ |
1,000,000 |
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AA+ |
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Illinois Educational Facilities Authority Revenue, |
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$ |
1,096,530 |
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Illinois Health Facilities Authority Revenue: |
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1,850,000 |
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AAA |
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Refunding, (SSM Health Care), MBIA-Insured, 6.550% due 6/1/13 |
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2,169,736 |
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2,000,000 |
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AAA |
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Servantcor Project, Series A, Escrowed to
maturity with U.S. |
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2,264,680 |
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605,000 |
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A |
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South Suburban Hospital Project, Escrowed to
maturity with |
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733,024 |
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2,645,000 |
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AAA |
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Illinois State, Sales Tax Revenue, 5.500% due 6/15/16 |
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2,889,821 |
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16,154,994 |
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Indiana - 1.8% |
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2,000,000 |
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BBB+ |
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Indiana State Development Finance Authority,
Environmental |
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2,205,120 |
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250,000 |
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AAA |
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Indiana State Revolving Fund Revenue, Series B, |
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257,222 |
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2,462,342 |
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Louisiana - 3.7% |
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5,000,000 |
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BBB+ |
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Louisiana Public Facilities Authority, Hospital
Revenue, |
|
5,021,400 |
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Maryland - 4.4% |
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Maryland State Health & Higher Educational Facilities |
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Authority Revenue: |
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1,500,000 |
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Baa1 * |
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Carroll County General Hospital, 6.000% due 7/1/37 |
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1,571,850 |
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1,500,000 |
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A |
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Suburban Hospital, Series A, 5.500% due 7/1/16 |
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1,615,890 |
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500,000 |
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A |
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University of Maryland Medical Systems, 6.000% due 7/1/32 |
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538,550 |
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2,000,000 |
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Aaa * |
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Northeast Maryland Waste Disposal Authority, Solid
Waste |
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2,148,420 |
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5,874,710 |
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Massachusetts - 2.9% |
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1,000,000 |
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A |
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Massachusetts State Health & Educational
Facilities Authority 6.250% due 12/1/22 Pre-refunded - Escrowed with
state & |
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1,044,650 |
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Massachusetts State Water Pollution Abatement Trust
Revenue, |
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2,125,000 |
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AAA |
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5.750% due 8/1/29 |
|
2,326,684 |
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525,000 |
|
AAA |
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5.750% due 8/1/29 Pre-Refunded - Escrowed with state &
local |
|
582,866 |
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|
|
|
|
|
3,954,200 |
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Michigan - 2.0% |
|
|
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1,000,000 |
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AAA |
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Detroit, MI City School District GO, (School
Building & Site |
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1,101,220 |
|
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1,500,000 |
|
AA- |
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Michigan State Hospital Finance Authority Revenue, |
|
1,555,650 |
|
||
|
|
|
|
|
|
2,656,870 |
|
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See Notes to Schedule of Investments.
2
SALOMON BROTHERS MUNICIPAL PARTNERS FUND II INC.
Schedule of Investments (unaudited)(continued) |
|
March 31, 2005 |
FACE |
|
RATINGS (a) |
|
SECURITY |
|
VALUE |
|
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Missouri - 2.8% |
|
|
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Missouri State Environmental Improvement & Energy Research |
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|
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Authority: |
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$ |
2,500,000 |
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AA |
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PCR Refunding Revenue, (Associated Electric Co-op |
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$ |
2,627,475 |
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1,000,000 |
|
Aaa * |
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Water Pollution Refunding Revenue, State Revolving
Funds, |
|
1,088,180 |
|
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|
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3,715,655 |
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Nevada - 3.1% |
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Clark County, NV: |
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3,000,000 |
|
AAA |
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IDR Refunding Revenue, (Nevada Power Co. Project), |
|
3,090,000 |
|
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1,000,000 |
|
AAA |
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Passenger Facility Revenue, (McCarran International
Airport), |
|
1,025,610 |
|
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35,000 |
|
AAA |
|
Nevada Housing Division Revenue, Single-Family
Program, |
|
35,731 |
|
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|
|
|
|
|
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4,151,341 |
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New Jersey - 5.8% |
|
|
|
|
|
|
|
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|
|
|
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New Jersey EDA: |
|
|
|
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3,750,000 |
|
A+ |
|
School Facilities Construction Revenue, Series G, |
|
4,033,388 |
|
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2,500,000 |
|
AAA |
|
Motor Vehicle Surcharges Revenue, Series A,
MBIA-Insured, |
|
2,729,375 |
|
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1,000,000 |
|
AAA |
|
Water Facilities Revenue, (New Jersey American Water
Co., Inc. |
|
1,023,270 |
|
||
|
|
|
|
|
|
7,786,033 |
|
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New York - 12.4% |
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|
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New York City, NY GO: |
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|
|
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|
|
|
Series A: |
|
|
|
||
180,000 |
|
A1* |
|
6.000% due 5/15/30 |
|
198,513 |
|
||
820,000 |
|
A1* |
|
6.000% due 5/15/30 Pre-Refunded - Escrowed with U.S. |
|
930,913 |
|
||
1,500,000 |
|
A1* |
|
Series G, 5.000% due 12/1/33 |
|
1,528,815 |
|
||
1,600,000 |
|
AA+ |
|
New York City, NY Municipal Water Finance Authority,
Water & |
|
1,610,496 |
|
||
4,500,000 |
|
AAA |
|
New York City, NY Transitional Finance Authority
Revenue, |
|
4,954,995 |
|
||
3,500,000 |
|
AAA |
|
New York State Dormitory Authority Revenue, Income
Tax 5.500% due 3/15/21 |
|
3,985,590 |
|
||
2,000,000 |
|
AAA |
|
New York State Thruway Authority, Income Tax
Revenue, |
|
2,151,240 |
|
||
1,300,000 |
|
AAA |
|
New York State Urban Development Corp. Revenue, Correctional |
|
|
|
||
|
|
|
|
Facilities, FSA-Insured, 5.375% due 1/1/25 Pre-Refunded |
|
|
|
||
|
|
|
|
- Escrowed with U.S. government securities to 1/1/06 |
|
1,353,170 |
|
||
|
|
|
|
|
|
16,713,732 |
|
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See Notes to Schedule of Investments.
3
SALOMON BROTHERS MUNICIPAL PARTNERS FUND II INC.
Schedule of Investments (unaudited)(continued) |
|
March 31, 2005 |
FACE |
|
RATINGS (a) |
|
SECURITY |
|
VALUE |
|
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Ohio - 4.5% |
|
|
|
|
|
|
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$ |
2,500,000 |
|
AA- |
|
Franklin County, OH Hospital Revenue, (Holy Cross
Health |
|
$ |
2,622,275 |
|
3,300,000 |
|
A+ |
|
Ohio State Water Development Authority, Solid Waste
Disposal |
|
3,389,958 |
|
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|
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|
|
|
|
6,012,233 |
|
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Pennsylvania - 0.2% |
|
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250,000 |
|
AAA |
|
Philadelphia, PA School District GO, Series A,
FSA-Insured, |
|
277,623 |
|
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Puerto Rico - 4.6% |
|
|
|
|
|
|
|
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1,600,000 |
|
AAA |
|
Puerto Rico Commonwealth Highway &
Transportation Authority, |
|
1,813,040 |
|
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|
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Puerto Rico Electric Power Authority, Power Revenue: |
|
|
|
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2,750,000 |
|
AAA |
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Series LL, MBIA-Insured, 5.500% due 7/1/17 |
|
3,146,220 |
|
||
1,155,000 |
|
AAA |
|
Series OO, FGIC-Insured, 5.000% due 7/1/14 |
|
1,261,237 |
|
||
|
|
|
|
|
|
6,220,497 |
|
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Tennessee - 2.9% |
|
|
|
|
|
|
|
||
1,950,000 |
|
AA- |
|
Humphreys County, TN IDB, Solid Waste Disposal
Revenue, |
|
1,993,933 |
|
||
1,200,000 |
|
AAA |
|
Memphis-Shelby County, TN Airport Authority Revenue, Series D, AMBAC-Insured, 6.000% due 3/1/24 (b) |
|
1,311,420 |
|
||
565,000 |
|
AA |
|
Tennessee Housing Development Agency Revenue, |
|
579,526 |
|
||
|
|
|
|
|
|
3,884,879 |
|
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Texas - 13.3% |
|
|
|
|
|
|
|
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|
|
|
|
Austin, TX Airport System Revenue, Series A, MBIA-Insured: |
|
|
|
||
3,475,000 |
|
AAA |
|
6.200% due 11/15/15 (b) |
|
3,610,664 |
|
||
330,000 |
|
AAA |
|
6.200% due 11/15/15 Pre-Refunded - Escrowed with
state & local |
|
354,351 |
|
||
4,265,000 |
|
AAA |
|
Lower Colorado River Authority, TX Transmission
Contract |
|
4,639,126 |
|
||
1,380,000 |
|
AAA |
|
North Harris Montgomery Community College District,
TX GO, |
|
1,489,517 |
|
||
1,000,000 |
|
AAA |
|
North Texas Municipal Water District, Water System
Revenue, |
|
1,070,250 |
|
||
2,225,000 |
|
Aaa* |
|
Northwest Texas Independent School District GO,
PSF-Insured, |
|
2,409,964 |
|
||
1,485,000 |
|
AAA |
|
South San Antonio Texas Independent School District
GO, |
|
1,591,890 |
|
||
1,500,000 |
|
AAA |
|
Texas State Turnpike Authority Revenue, First Tier, Series A, |
|
1,607,955 |
|
||
1,000,000 |
|
AAA |
|
Williamson County, TX GO, MBIA-Insured, |
|
1,081,750 |
|
||
|
|
|
|
|
|
17,855,467 |
|
||
Utah - 0.3% |
|
|
|
|
|
|
|
||
370,000 |
|
AAA |
|
Utah State Housing Finance Agency, Single-Family
Mortgage |
|
380,597 |
|
||
See Notes to Schedule of Investments.
4
SALOMON BROTHERS MUNICIPAL PARTNERS FUND II INC.
Schedule of Investments (unaudited)(continued) |
|
March 31, 2005 |
FACE |
|
RATINGS (a) |
|
SECURITY |
|
VALUE |
|
||
Virginia - 2.5% |
|
|
|
|
|
|
|
||
$ |
2,915,000 |
|
A |
|
Greater Richmond Convention Center Authority, VA
Hotel Tax |
|
|
|
|
|
|
|
|
6.125% due 6/15/20 |
|
$ |
3,308,904 |
|
|
Washington - 2.7% |
|
|
|
|
|
|
|||
1,900,000 |
|
AAA |
|
Chelan County, WA Public Utility District, (Chelan
Hydro System |
|
|
|
||
|
|
|
|
5.450% due 7/1/37 (b) |
|
1,984,645 |
|
||
400,000 |
|
AAA |
|
Seattle, WA GO, Series B, FSA-Insured, 5.750% due 12/1/28 |
|
446,160 |
|
||
1,200,000 |
|
AAA |
|
Washington State Public Power Supply System Revenue, |
|
|
|
||
|
|
|
|
5.125% due 7/1/17 |
|
1,264,164 |
|
||
|
|
|
|
|
|
3,694,969 |
|
||
|
|
|
|
TOTAL LONG-TERM INVESTMENTS |
|
|
|
||
|
|
|
|
(Cost - $126,327,676) |
|
130,310,440 |
|
||
SHORT-TERM INVESTMENTS - 3.1% |
|
|
|
||||||
Missouri - 3.1% |
|
|
|
|
|
|
|
||
3,300,000 |
|
A-1+ |
|
Kansas City, Missouri Industrial Development Authority
Revenue, |
|
3,300,000 |
|
||
900,000 |
|
A-1+ |
|
Missouri State Health & Educational
Facilities Authority, Educational |
|
|
|
||
|
|
|
|
2.340% due 10/1/24 |
|
900,000 |
|
||
|
|
|
|
TOTAL SHORT-TERM INVESTMENTS |
|
|
|
||
|
|
|
|
(Cost - $4,200,000) |
|
4,200,000 |
|
||
|
|
|
|
TOTAL INVESTMENTS - 100.0% (Cost - $130,527,676**) |
|
$ |
134,510,440 |
|
|
(a) All
ratings are by Standard & Poors Ratings Service, except those
identified by an asterisk (*), which are rated by Moodys Investors Service, Inc.
(b) Income from this issue is considered a preference item for purposes of calculating the alternative minimum tax.
** Aggregate cost for federal income tax purposes is substantially the same.
See pages 6 through 8 for definitions of ratings and abbreviations.
Summary of Investments by Industry and Pre-Refunded*** |
|
|
|
Education |
|
18.7 |
% |
General Revenue |
|
17.1 |
|
Healthcare |
|
12.5 |
|
Industrial Development |
|
10.9 |
|
Transportation |
|
9.9 |
|
General Obligation |
|
8.1 |
|
Power |
|
8.0 |
|
Pre-Refunded |
|
5.3 |
|
Water |
|
4.1 |
|
Tax Revenue |
|
2.5 |
|
Escrowed to Maturity |
|
2.2 |
|
Housing |
|
0.7 |
|
Total |
|
100.0 |
% |
*** As a percentage of total investments. Please note that Fund holdings are as of March 31, 2005 and are subject to change.
See Notes to Schedule of Investments.
5
Bond Ratings (unaudited)
The definitions of the applicable rating symbols are set forth below:
Standard & Poors Ratings Service (Standard & Poors) Ratings from AA to CCC may be modified by the addition of a plus (+) or minus (-) sign to show relative standings within the major rating categories.
AAA Bonds rated AAA have the highest rating assigned by Standard & Poors. Capacity to pay interest and repay principal is extremely strong.
AA Bonds rated AA have a very strong capacity to pay interest and repay principal and differs from the highest rated issue only in a small degree.
A Bonds rated A have a strong capacity to pay interest and repay principal although they are somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions than debt in higher rated categories.
BBB Bonds rated BBB are regarded as having an adequate capacity to pay interest and repay principal. Whereas they normally exhibit adequate protection parameters, adverse economic conditions or changing circumstances are more likely to lead to a weakened capacity to pay interest and repay principal for debt in this category than in higher rated categories.
BB, B, CCC, CC and C Bonds rated BB, B, CCC, CC and C are regarded, on balance, as predominantly speculative with respect to capacity to pay interest and repay principal in accordance with the terms of the obligation. BB represents the lowest degree of speculation and C the highest degree of speculation. While such bonds will likely have some quality and protective characteristics, these are outweighed by large uncertainties or major risk exposures to adverse conditions.
Moodys Investors Service (Moodys) Numerical modifiers 1, 2 and 3 may be applied to each generic rating from Aa to Caa, where 1 is the highest and 3 the lowest ranking within its generic category.
Aaa Bonds rated Aaa are judged to be of the best quality. They carry the smallest degree of investment risk and are generally referred to as gilt edge. Interest payments are protected by a large or by an exceptionally stable margin and principal is secure. While the various protective elements are likely to change, such changes as can be visualized are most unlikely to impair the fundamentally strong position of such issues.
Aa Bonds rated Aa are judged to be of high quality by all standards. Together with the Aaa group they comprise what are generally known as high grade bonds. They are rated lower than the best bonds because margins of protection may not be as large in Aaa securities or fluctuation of protective elements may be of greater amplitude or there may be other elements present which make the long-term risks appear somewhat larger than in Aaa securities.
6
Bond Ratings (unaudited) (continued)
A Bonds rated A possess many favorable investment attributes and are to be considered as upper medium grade obligations. Factors giving security to principal and interest are considered adequate but elements may be present which suggest a susceptibility to impairment some time in the future.
Baa Bonds rated Baa are considered as medium grade obligations, i.e., they are neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements may be lacking or may be characteristically unreliable over any great length of time. Such bonds lack outstanding investment characteristics and in fact have speculative characteristics as well.
B Bonds that are rated B generally lack characteristics of desirable investments. Assurance of interest and principal payments or of maintenance of other terms of the contract over any long period of time may be small.
Caa Bonds rated Caa are of poor standing. These issues may be in default, or present elements of danger may exist with respect to principal or interest.
NR Indicates that the bond is not rated by Moodys or Standard & Poors.
Short-Term Security Ratings (unaudited)
SP-1 Standard & Poors highest rating indicating very strong or strong capacity to pay principal and interest; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.
A-1 Standard & Poors highest commercial paper and variable rate demand obligation (VRDO) rating indicating that the degree of safety regarding timely payment is either overwhelming or very strong; those issues determined to possess overwhelming safety characteristics are denoted with a plus (+) sign.
MIG1 Moodys highest rating for short-term municipal obligations.
VMIG 1 Moodys highest rating for issues having a demand feature VRDO.
P-1 Moodys highest rating for commercial paper and for VRDO prior to the advent of the VMIG 1 rating.
Abbreviations* (unaudited)
ABAG Association of Bay Area Governments
AIG American International Guaranty
AMBAC Ambac Assurance Corporation
AMT Alternative Minimum Tax
BAN Bond Anticipation Notes
BIG Bond Investors Guaranty
7
Abbreviations* (unaudited) (continued)
CDA Community Development Authority
CGIC Capital Guaranty Insurance Company
CHFCLI California Health Facility Construction Loan Insurance
CONNIE LEE College Construction Loan Insurance Association
COP Certificate of Participation
CSD Central School District
CTFS Certificates
DFA Development Finance Authority
EDA Economic Development Authority
EFA Educational Facilities Authority
ETM Escrowed to Maturity
FGIC Financial Guaranty Insurance Company
FHA Federal Housing Administration
FHLMC Federal Home Loan Mortgage Corporation
FLAIRS Floating Adjustable Interest Rate Securities
FNMA Federal National Mortgage Association
FRTC Floating Rate Trust Certificates
FSA Federal Savings Association
GIC Guaranteed Investment Contract
GNMA Government National Mortgage Association
GO General Obligation
HDC Housing Development Corporation
HEFA Health & Educational Facilities
HFA Housing Finance Authority
IBC Insured Bond Certificates
IDA Industrial Development Authority
IDB Industrial Development Board
IDR Industrial Development Revenue
IFA Industrial Finance Agency
INFLOS Inverse Floaters
ISD Independent School District
ISO Independent System Operator
LOC Letter of Credit
MBIA Municipal Bond Investors Assurance
MERLOT Municipal Exempt Receipts Liquidity
MFH MultiFamily Housing
MSTC Municipal Securities Trust
MUD Municipal Utilities District
MVRICS Municipal Variable Rate Inverse Coupon Security
COP Certificate of Participation Coupon Security
PART Partnership Structure
PCFA Pollution Control Finance Authority
PCR Pollution Control Revenue
PFA Public Finance Authority
8
Abbreviations* (unaudited) (continued)
PFC Public Finance Corporation
PSFG Permanent School Fund Guaranty
Q-SBLF Qualified School Bond Loan Fund
Radian Radian Asset Assurance
RAN Revenue Anticipation Notes
RDA Redevelopment Agency
RIBS Residual Interest Bonds
RITES Residual Interest Tax-Exempt Securities
SPA Standby Bond Purchase Agreement
SWAP Swap Structure
SYCC Structured Yield Curve Certificate
TAN Tax Anticipation Notes
TCRS Transferable Custodial Receipts
TECP Tax Exempt Commercial Paper
TFA Transitional Finance Authority
TOB Tender Option Bond Structure
TRAN Tax and Revenue Anticipation Notes
UFSD Unified Free School District
UHSD Unified High School District
USD Unified School District
VA Veterans Administration
VRDD Variable Rate Daily Demand
VRDO Variable Rate Demand Obligation
VRWE Variable Rate Wednesday Demand
XLCA XL Capital Assurance
* Abbreviations may or may not appear in the Schedule of Investments.
9
Notes to Financial Statements (unaudited)
Salomon Brothers Municipals Partners Fund II Inc. (Fund), was incorporated in Maryland on June 21, 1993 and is registered as a diversified, closed-end management investment company under the Investment Company Act of 1940, as amended.
The following are significant accounting policies consistently followed by the Fund. These policies are in conformity with U.S. generally accepted accounting principles (GAAP).
(a) Investment Valuation. Tax-exempt securities are valued by independent pricing services which use prices provided by market-makers or estimates of market values obtained from yield data relating to instruments or securities with similar characteristics. Securities for which reliable quotations are not readily available are valued at fair value as determined in good faith by, or under procedures established by, the Board of Directors. Short-term investments having a maturity of 60 days or less are valued at amortized cost, which approximates value.
(b) Investment Transactions. Investment transactions are recorded on the trade date.
At March 31, 2005, the aggregate gross unrealized appreciation and depreciation of investments for federal income tax purposes were substantially as follows:
Gross unrealized appreciation |
|
$ |
4,732,984 |
|
Gross unrealized depreciation |
|
(750,220 |
) |
|
Net unrealized appreciation |
|
$ |
3,982,764 |
|
Since the Fund invests a portion of its assets in issuers located in a single state, it may be affected by economic and political developments in a specific state or region. Certain debt obligations held by the Fund are entitled to the benefit of insurance, standby letters of credit or other guarantees of banks or other financial institutions.
10
ITEM 2. CONTROLS AND PROCEDURES.
(a) The registrants principal executive officer and principal financial officer have concluded that the registrants disclosure controls and procedures (as defined in Rule 30a- 3(c) under the Investment Company Act of 1940, as amended (the 1940 Act)) are effective as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the disclosure controls and procedures required by Rule 30a-3(b) under the 1940 Act and 15d-15(b) under the Securities Exchange Act of 1934
(b) There were no changes in the registrants internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrants last fiscal quarter that have materially affected, or are likely to materially affect the registrants internal control over financial reporting.
ITEM 3. EXHIBITS.
Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are 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.
Salomon Brothers Municipal Partners Fund II Inc.
By |
/s/ R. Jay Gerken |
|
R. Jay Gerken |
||
Chief Executive Officer |
||
|
||
|
||
Date: May 27, 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/ R. Jay Gerken |
|
R. Jay Gerken |
||
Chief Executive Officer |
||
|
||
|
||
Date: May 27, 2005 |
By |
/s/ Frances M. Guggino |
|
Frances M. Guggino |
||
Chief Financial Officer |
||
|
||
|
||
Date: May 27, 2005 |