AIM Closes AIM Select Real Estate Income Fund Offering.Business Editors HOUSTON--(BUSINESS WIRE)--May 29, 2002 A I M Distributors, Inc., the retail marketing subsidiary of A I M Management Group Inc. (AIM), announced today the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. for its closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. real estate fund, AIM Select Real Estate Income Fund, raised more than $543 million in 36.25 million common shares. The fund's shares will begin trading today on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) . AIM advises or manages more than 150 investment portfolios in a broad range of investment objectives. AIM has teamed with subadvisor INVESCO Institutional (N.A.), Inc. -- a premier manager and advisor of real estate securities -- to offer AIM Select Real Estate Income Fund during a market cycle when investors may benefit from additional yield. 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. A I M Distributors, Inc., Distributor. |
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