AIM Large Cap Opportunities Fund Closes to New Investors.Business Editors HOUSTON--(BUSINESS WIRE)--Sept. 28, 2000 A I M Advisors Inc. (AIM), a subsidiary of A I M Management Group, Inc., has announced that AIM Large Cap Opportunities Fund will close to new investors at 3 p.m. CDT CDT abbr. Central Daylight Time CDT Central Daylight Time CDT n abbr (US) (= Central Daylight Time) → hora de verano del centro; (BRIT on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , Sept. 29. As of Wednesday, Sept. 27, net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. in AIM Large Cap Opportunities Fund totaled approximately $702 million. AIM is a member of the AMVESCAP Group (NYSE NYSE See: New York Stock Exchange :AVZ), one of the world's largest independent investment services companies. AIM Large Cap Opportunities Fund, which was opened to all investors on March 31, 2000, is one of three long/short "Opportunities" funds managed by AIM. The other two funds in the series, AIM Small Cap Opportunities Fund and AIM Mid Cap Opportunities Fund, already are closed to new investors. Investors who have open accounts in AIM Large Cap Opportunities Fund, as well as those whose employers' retirement plans include the fund as an option, may continue to place new contributions in the fund after Sept. 29. AIM Large Cap Opportunities Fund, which focuses on large-cap Large-cap A stock with a high level of capitalization, usually at least $5 billion market value. large-cap 1. Of or relating to the common stock of a big corporation that has considerable retained earnings and a large amount of companies that offer special opportunities based on technological advances, growth potential, management changes and other market themes, applies an aggressive offensive and defensive strategy, holding stocks long with positive earnings and selling stocks short on earnings disappointments. The fund has the ability to short up to 25 percent of net assets at any one time. These and other techniques employed by the fund make it an aggressive fund that may not be appropriate for all investors. Closing AIM Large Cap Opportunities Fund will allow the fund to maintain a smaller asset base to maximize the effect of its alternative investment strategies. The fund commenced operations on Dec. 30, 1999, and was in limited distribution until March 31, 2000. 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 $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 8 million shareholders as of June 30, 2000. AMVESCAP PLC had $389 billion in assets under management as of June 30, 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(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: http://www.aimfunds.com. A I M Distributors, Inc., Distributor. |
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