AIM Announces Addition of New Share Class.Business Editors HOUSTON--(BUSINESS WIRE)--June 4, 2002 A I M Distributors, Inc., the retail marketing subsidiary of A I M Management Group Inc. (AIM), announced today the addition of Class R shares to 21 funds. Class R shares are targeted primarily to smaller retirement plans, as well as the IRA rollover IRA rollover Reinvestment of a lump-sum distribution from an IRA when physical receipt of funds has been taken by the investor. The lump-sum distribution must be deposited in an IRA rollover account within 60 days of receipt to escape taxation. market. With the addition of the new class, AIM now offers a more complete range of retirement plan pricing options for financial advisors, plan sponsors and consultants. The R shares will allow financial advisors to customize retirement plan services for their clients. The funds adding R shares include AIM Aggressive Growth Fund, AIM Balanced Fund Balanced Fund A mutual fund that invests its assets into the money market, bonds, preferred stock, and common stock with the intention to provide both growth and income. Also known as an asset allocation fund. , AIM Basic Value Fund, AIM Blue Chip Fund, AIM Capital Development Fund, AIM Charter Fund, AIM Constellation Constellation, ship Constellation (kŏnstĭlā`shən), U.S. frigate, launched in 1797. It was named by President Washington for the constellation of 15 stars in the U.S. flag of that time. Fund, AIM European Development Fund The European Development Fund (EDF) is the main instrument for European Community aid for development cooperation in the Africa, Caribbean and Pacific (ACP) countries and the Overseas Countries and Territories (OCT). , AIM Income Fund, AIM Intermediate Government Fund, AIM International Equity Fund, AIM International Value Fund, AIM Large Cap Growth Fund, AIM Large Cap Basic Value Fund, AIM Mid Cap Equity Fund, AIM Mid Cap Growth Fund, AIM Money Market Fund, AIM Small Cap Equity Fund, AIM Small Cap Growth Fund, AIM Value Fund, and AIM Weingarten Weingarten (German for vine garden, vinyard) is the name of several places:
"We continue to evaluate and evolve product pricing," said John Cooper John Cooper can refer to:
About AIM Houston-based AIM is one of the nation's leading investment management companies. It is dedicated to providing its clients with high-quality products and service through multiple investment management styles and a broad product range of retail equity, fixed-income, and money market funds, institutional portfolios, and separately managed accounts for high-income individuals. Founded in 1976, AIM had approximately $158 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. and more than 9 million shareholders as of March 31, 2002. For more information, visit www.aimfunds.com. About AMVESCAP AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), a leading independent global investment manager dedicated to helping people worldwide build their financial security through a comprehensive array of retail and institutional products for clients in more than 100 countries. AMVESCAP had $400 billion in assets under management as of March 31, 2002. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more information about any AIM fund, including sales charges Sales Charge A commission or fee paid by an investor at the time of purchasing mutual fund shares. The charge is paid to a mutual fund salesperson or financial advisor and is intended to provide compensation for the financial salesperson's efforts in assisting their client select , fees and expenses, obtain the appropriate prospectus(es) from your financial advisor. Please read the prospectus(es) carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion