AIM Announces the Closing of Five Funds to New Investors.Business Editors HOUSTON--(BUSINESS WIRE)--April 28, 2000 A I M Advisors, Inc., an investment management subsidiary of A I M Management Group, Inc., announced the closing of AIM Advisor Large Cap Value Fund, AIM Global Growth & Income Fund, AIM Global Government Income, AIM Emerging Markets Debt Fund and AIM New Pacific Growth Fund to new investors, effective at the close of business today. The fund closings are a result of the reorganizations approved by the applicable funds Board of Directors/Trustees in March. AIM is an indirect subsidiary of AMVESCAP PLC (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment managers. The reorganizations are expected to be completed by June June: see month. 2000, pending approval by shareholders of AIM Advisor Large Cap Value Fund, AIM Global Growth & Income Fund, AIM Global Government Income, AIM Emerging Markets Debt Fund and AIM New Pacific Growth Fund. The proposed reorganizations of funds includes AIM New Pacific Growth Fund into AIM Asian Growth Fund, AIM Advisor Large Cap Value into AIM Basic Value Fund, AIM Emerging Markets Debt Fund into AIM Developing Markets Fund, AIM Global Government Income Fund into AIM Global Income Fund and AIM Global Growth & Income Fund into AIM Global Growth Fund. AIM was founded in 1976 and ranks as the nation's eighth-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 ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $176 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 7.4 million shareholders as of March 31, 2000. AMVESCAP PLC had $391 billion in assets under management as of March 31, 2000. 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 A document, notice, circular, advertisement, letter, or communication in written form or by radio or television that offers any security for sale, or confirms the sale of any security. (es) from your financial consultant or by calling 800/347-4246. Please read the prospectus carefully before you invest or send money. For more information about AIM, visit our Web site: www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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