AIM Small Cap Equity Fund to Close to New Investors.Business Editors A I M Advisors, Inc., the investment advisory subsidiary of A I M Management Group Inc. (AIM), has announced that AIM Small Cap Equity Fund will close to new investors when the fund reaches $500 million in total 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. . AIM Small Cap Equity Fund, which launched on Aug. 31, 2000, utilizes a "growth at a reasonable price" investment strategy. Given the sometimes limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of common stocks of smaller companies that meet the fund's investment criteria criteria (krītēr´ē  ),n. , its managers and directors feel closing the fund at $500 million in net assets will allow it to maintain its efficient operation and flexibility and is in the best interests of shareholders. About AIM Houston-based AIM is one of the nation's leading investment management companies. It is dedicated to providing its clients with high-quality products and service through multiple investment management styles and a broad product range of retail equity, fixed-income, and money market funds, institutional portfolios, and separately managed accounts for high-income high-in·come adj. Of or relating to individuals or groups, such as families, that are supported by or earn income considered high in comparison with that of the larger population: high-income taxpayers. individuals. Founded in 1976, AIM had approximately $158 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 more than 9 million shareholders as of Dec. 31, 2001. For more information, visit www.aimfunds.com. About AMVESCAP AIM 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 $398 billion in assets under management as of Dec. 31, 2001. Additional information is available at www.amvescap.com. Note to editors -- We are required to include the following information with our news release: Investing in micro and small companies may involve greater risks not associated with investing in more established companies, such as business risk, significant stock price fluctuations and illiquidity. 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. A I M Distributors, Inc., Distributor. |
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