AIM Investments Announces Availability of April Portfolio Information for AIM Select Real Estate Income Fund; New Feature Shows Use of Leverage in the Fund.Business Editors HOUSTON--(BUSINESS WIRE)--May 18, 2004 AIM Investments(SM) announced today that April portfolio information for AIM Select Real Estate Income Fund (NYSE NYSE See: New York Stock Exchange :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's closed-end real estate fund, is now available upon request and includes a new feature to help investors better evaluate the fund. Beginning with the April 30, 2004, report, AIM Investments will be adding the fund's leverage ratio as a new feature to the Portfolio Data section. This information was previously provided solely on a semi-annual basis, but now will become part of the monthly report. "We think it is constructive to highlight the fund's modest use of leverage to date," said Joe V. Rodriguez, lead portfolio manager of AIM Select Real Estate Income Fund. As of April 30, 2004, the fund's leverage ratio was 23.77%. Since the fund's initial offering on May 31, 2002, it has not added any additional leverage. "Approximately 74% of the fund's existing leverage is hedged against rising interest rates," said Mr. Rodriguez. "To hedge the fund's leverage, the fund has entered a series of interest rate swaps Interest Rate Swap A deal between banks or companies where borrowers switch floating-rate loans for fixed rate loans in another country. These can be either the same or different currencies. and the weighted average maturity of the interest rate swaps in place is approximately 3.34 years." Fund information may be obtained by accessing www.aiminvestments.com/reit, by calling 800-959-4246 or by writing to A I M Management Group Inc., 11 Greenway Plaza Greenway Plaza is a master-planned mixed-use development off of U.S. Highway 59 in Houston, Texas, five miles (8 kilometers) west of Downtown Houston and three miles (5 kilometers) east of Uptown Houston. , Suite 100, Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the 77046-1173. Besides the daily pricing and performance data, information for AIM Select Real Estate Income Fund is updated on or about the 15th day of each month. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios under the AIM and INVESCO brand names -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , annuities, cash management, college savings plans, alternative investments and offshore products. Founded in 1976, AIM Investments had $148 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 approximately 11 million shareholders as of March 31, 2004. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. and is the subject of a pending application for trademark registration. A I M Advisors, Inc., A I M Capital Management, Inc., AIM Private Asset Management, Inc., and AIM Alternative Asset Management Company, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About INVESCO Institutional INVESCO Institutional (N.A.), Inc. is the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983 and, together with its affiliates, managed or provided advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal on more than $19 billion in private real estate and publicly traded real estate securities as of March 31, 2004. For more information, visit www.institutional.invesco.com. About AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO, and Atlantic Trust brands, AMVESCAP strives to deliver outstanding investment performance and service through a comprehensive array of retail and institutional products for clients around the world. The Company is listed on the London, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Paris, and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. with the symbol "AVZ." AMVESCAP had $381 billion in assets under management as of March 31, 2004. Additional information is available at www.amvescap.com. |
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