AIM Shareholder Report Disclosure Earns Top Ranking from DALBAR.Business Editors HOUSTON--(BUSINESS WIRE)--July 7, 2003 AIM Investments(SM) announced today that AIM's shareholder reports earned the highest ranking for shareholder report disclosure, 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. DALBAR, Inc., a financial research and rating firm. DALBAR reviewed and ranked annual and semi-annual shareholder reports from 63 leading mutual fund companies for quality of disclosure in five key topics: operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , 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 , management discussion and analysis, fund performance, and portfolio holdings. Firms were ranked based on the gaps in investor knowledge, specific issues raised recently by Congress and regulators, and the ability to disclose critical information in the manner that is calculated to be understood by the average investor. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to providing its clients with exceptional products and services through multiple investment management styles and a broad range of investment solutions -- 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 $115 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. 9 million shareholders as of March 31, 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 $319 billion in assets under management as of March 31, 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 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. Fund, including sales charges 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.aiminvestments.com. A I M Distributors, Inc., Distributor. |
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