AIM Investments Announces Exchangeability Between AIM and INVESCO Funds.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 1, 2003 AIM Investments(SM) announced today that investors in the AIM and INVESCO INVESCO, (NYSE: IVZ) is an investment management company based in London, England, UK. It is quoted on the London Stock Exchange and is a member of the FTSE 100 Index. It has branches in 19 countries, but more than half of its business is in the United States. funds may now exchange between like shares of products in the two fund families. Exchange privileges Exchange Privilege The opportunity given to a mutual-fund shareholder to exchange a fund for another within the same fund family at no additional cost. Notes: This privilege allows investors to switch funds when market conditions change. do have certain other requirements, which are described in AIM and INVESCO fund prospectuses. On July July: see month. 1, 2003, A I M Distributors, Inc. became the distributor for INVESCO's U.S. retail mutual funds. "Integrating the distribution of the AIM and INVESCO fund families was designed to help build investment solutions for our shareholders," said Mark H. Williamson, president and chief executive officer of AIM Investments. "Providing exchangeability between the two fund families gives investors a more complete line of investment solutions to choose from in constructing a well-diversified portfolio Well-diversified portfolio A portfolio that includes a variety of securities so that the weight of any security is small. The risk of a well-diversified portfolio closely approximates the systematic risk of the overall market, and the unsystematic risk of each security has been ." Also as part of the integration, the AIM and INVESCO funds will be listed together under AIM Investments in newspaper listings, effective Oct. 2, 2003. 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 $147 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 June 30, 2003. 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 Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and 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 AMVESCAP A I M Management Group Inc. 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 $348 billion in assets under management as of June 30, 2003. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: For more complete information about any AIM or INVESCO 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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