AIM Worldwide Spectrum Fund to Become AIM Global Value Fund.Business Editors HOUSTON--(BUSINESS WIRE)--April 30, 2003 AIM Investments(SM) announced that effective today the AIM Worldwide Spectrum Fund will change its name to AIM Global Value Fund. The Fund will also undergo certain changes to its investment strategies. The AIM Global Value Fund will focus on companies that portfolio managers believe trade below their intrinsic value Intrinsic Value 1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. and/or may increase in value in the near-term as the result of a catalyst such as a new product launch, a restructuring, a management change or a divestiture The breakup of AT&T. By federal court order, AT&T divested itself on January 1, 1984 of its 23 operating companies, which became known as the Regional Bell Operating Companies (RBOCs). of a portion of a company. The investment objective of long-term growth of capital will remain the same. Portfolio managers for AIM Global Value Fund are Roger Mortimer Roger Mortimer (or Roger de Mortimer) was the name of several Marcher lords, members of a powerful Norman family living on the borders of England and Wales in the 13th and 14th centuries. They intermarried with the local Welsh nobility, gradually becoming Welsh by adoption. (lead) and Glen Hilton, both of whom have been responsible for the fund since 2002. 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. 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. and A I M Capital Management, 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 products and services represented by AIM Investments. 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 $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 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: www.aiminvestments.com. A I M Distributors, Inc., Distributor. |
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