AIM to Close Share Class On Two Funds.Business Editors HOUSTON--(BUSINESS WIRE)--Oct. 30, 2002 A I M Distributors, Inc., the retail marketing subsidiary of A I M Management Group Inc. (AIM), has announced the closing of Class A shares of AIM Limited Maturity Treasury Fund and AIM Tax-Free tax-free adj. Not subject to taxation; tax-exempt. tax-free Adjective not needing to have tax paid on it: a tax-free lump sum Adj. 1. Intermediate Fund to new investors, effective at the close of business today (October 30). Current shareholders may continue to invest in Class A shares of the funds. In conjunction with the closure of Class A shares, AIM will be opening Class A3 shares for both of the affected funds on October 31. Investors in Class A3 shares will not be required to pay a front-end sales charge 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 or a contingent deferred sales charge Contingent deferred sales charge (CDSC) The formal name for the load of a back-end load fund. contingent deferred sales charge A mutual fund redemption fee that is reduced or eliminated for specified holding periods. (CDSC See Contingent deferred sales charge. ), and will also have full exchange privileges Exchange Privilege The opportunity given to a mutual-fund shareholder to exchange a fund for another within the same fund family at no additional cost. Notes: This privilege allows investors to switch funds when market conditions change. into Class A shares of other AIM funds. 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 individuals. Founded in 1976, AIM had approximately $117 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 9 million shareholders as of September 30, 2002. 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 $323 billion in assets under management as of September 30, 2002. 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 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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