AIM Announces New Share Classes for AIM Aggressive Growth Fund and 12 Former GT Global Funds.HOUSTON--(BUSINESS WIRE)--Feb. 26, 1999--A I M Advisors, Inc. announced today that the addition of Class B and C shares for AIM Aggressive Growth Fund and the addition of Class C shares for 12 of the former GT Global Funds will become effective on March 1, 1999, as approved by the Board of Directors/Trustees of the applicable funds. AIM is a subsidiary of independent global investment manager AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ). The new share classes reflect AIM's continuing efforts to standardize stan·dard·ize v. 1. To cause to conform to a standard. 2. To evaluate by comparing with a standard. its product line. AIM shareholders will now have the ability to exchange Class B and C shares with nearly every fund in the AIM Family of Funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". (R). This should give investors greater flexibility and investment opportunity. AIM Aggressive Growth Fund, which invests in small-cap Small-cap A stock with a small capitalization, meaning a total equity value of less than $500 million. small-cap 1. Of or relating to the common stock of a relatively small firm having little equity and few shares of common stock companies which the portfolio managers believe to have the potential for above-average earnings growth, was recently re-opened to new investors on Nov. 16, 1998. It has offered only Class A shares since its inception on May 1, 1984. The former GT Global Funds were acquired through AMVESCAP PLC's acquisition of the Asset Management Division (AMD (Advanced Micro Devices, Inc., Sunnyvale, CA, www.amd.com) A major manufacturer of semiconductor devices including x86-compatible CPUs, embedded processors, flash memories, programmable logic devices and networking chips. ) of the Liechtenstein Global Trust on May 29, 1998. AMD operated in the U.S. retail market under the brand name GT Global. These Funds previously offered only A, B and Advisor Class shares. AIM was founded in 1976 and ranks as the nation's 10th-largest mutual fund complex with approximately $109 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 6.2 million shareholders as of Dec. 31, 1998. AIM is a subsidiary of AMVESCAP PLC (NYSE:AVZ), one of the world's largest independent investment services companies with $275 billion in assets under management as of Dec. 31, 1998. Note to editors -- We are required to include the following information with our news release: For more complete 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 and expenses, please obtain the appropriate prospectus(es) from your financial consultant or by calling 800/347-4246. A I M Distributors, Inc., Distributor. |
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