AIM Announces Reorganization of AIM MultiFlex Fund Into AIM Advisor Flex Fund.HOUSTON--(BUSINESS WIRE)--June 16, 1999-- A I M Advisors, Inc. announced today that shareholders have approved the reorganization of AIM Advisor MultiFlex Fund into AIM Advisor Flex A development system for Flash-based applications from Adobe. Introduced in 2004 as a J2EE application, Flex compiles ActionScript code and XML-based user interface descriptions (MXML) into binary Flash files (SWF files). Fund. The reorganization will take effect before the opening of business Monday, June 21. AIM is a subsidiary of independent global investment manager AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ). AIM Advisor MultiFlex Fund and AIM Advisor Flex Fund both invest primarily in a value-driven, balanced portfolio of stocks and bonds that seek long-term growth of capital and current income. The superior performance and lower expense ratio of AIM Advisor Flex Fund, as well as the ability to reorganize re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. the two similar funds without tax consequences, were factors in the decision to propose the reorganization of the two funds. AIM Advisor Flex Fund invests in dividend-paying stocks of mid- to large-size companies that are reasonably priced in the market, plus higher-quality corporate, mortgage and government bonds. Its stock-to-bond allocation is most often a 60%/40% mix, but is actively managed to take advantage of the most attractively priced area of the market. AIM was founded in 1976 and ranks as the nation's 10th-largest mutual fund complex, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. independent mutual fund monitor Strategic Insight, with approximately $112 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 6.3 million shareholders as of March 31, 1999. AMVESCAP PLC had $280 billion in assets under management as of March 31, 1999. 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. Please read the prospectus carefully before you invest or send money. A I M Distributors, Inc., Distributor. |
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