AIM Investments Announces Reorganization Approval for Eight Funds.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 22, 2003 AIM Investments(SM) announced today that the proposed reorganizations of eight AIM funds have been approved by shareholders of the respective funds. Below is a list of the fund reorganizations that have gained shareholder approval and are expected to be completed on or about Nov. 3, 2003.
Existing Fund Acquiring Fund
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INVESCO Balanced Fund INVESCO Total Return Fund
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INVESCO Cash Reserves Fund AIM Money Market Fund
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INVESCO Growth Fund AIM Large Cap Growth Fund
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INVESCO Growth & Income Fund AIM Blue Chip Fund
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INVESCO Real Estate Opportunity
Fund AIM Real Estate Fund
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INVESCO Tax-Free Money Fund AIM Tax-Exempt Cash Fund
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INVESCO Value Equity Fund AIM Large Cap Basic Value Fund
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Shareholder approval was also obtained in connection with the reorganization The process of carrying out, through agreements and legal proceedings, a business plan for winding up the affairs of, or foreclosing a mortgage upon, the property of a corporation that has become insolvent. of 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. European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. Fund into AIM European Growth Fund. This reorganization is anticipated to be completed at a later date. Separately, shareholders approved the election of 16 Directors/Trustees to the fund's Board of Directors. 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 ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. 11 million shareholders as of June June: see month. 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 a 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 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. A I M Distributors, Inc., Distributor |
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