Invesco and Invesco Van Kampen Closed-End Funds Conduct Annual Meetings of Shareholders
ATLANTA, Aug. 14, 2012 /PRNewswire/ -- Invesco announced today that Invesco California Municipal Income Trust (IIC), Invesco California Quality Municipal Securities (IQC), Invesco High Yield Investments Fund, Inc. (MSY), Invesco California Municipal Securities (ICS), Invesco Value Municipal Bond Trust (IMC), Invesco Value Municipal Income Trust (IIM), Invesco Value Municipal Securities (IMS), Invesco Value Municipal Trust (IMT), Invesco Municipal Income Opportunities Trust (OIA), Invesco Municipal Income Opportunities Trust II (OIB), Invesco Municipal Income Opportunities Trust III (OIC), Invesco Municipal Premium Income Trust (PIA), Invesco New York Quality Municipal Securities (IQN), Invesco Quality Municipal Income Trust (IQI), Invesco Quality Municipal Securities (IQM), Invesco Quality Municipal Investment Trust (IQT), Invesco Van Kampen Advantage Municipal Income Trust II (VKI), Invesco Van Kampen Bond Fund (VBF), Invesco Van Kampen California Value Municipal Income Trust (VCV), Invesco Van Kampen Dynamic Credit Opportunities Fund (VTA), Invesco Van Kampen High Income Trust II (VLT), Invesco Van Kampen Massachusetts Value Municipal Income Trust (VMV), Invesco Van Kampen Municipal Trust (VKQ), Invesco Van Kampen Municipal Opportunity Trust (VMO), Invesco Van Kampen Ohio Quality Municipal Trust (VOQ), Invesco Van Kampen Pennsylvania Value Municipal Income Trust (VPV), Invesco Van Kampen Select Sector Municipal Trust (VKL), Invesco Van Kampen Senior Income Trust (VVR), Invesco Van Kampen Trust for Investment Grade Municipals (VGM), Invesco Van Kampen Trust for Investment Grade New Jersey Municipals (VTJ), Invesco Van Kampen Trust for Investment Grade New York Municipals (VTN) and Invesco Van Kampen Trust for Value Municipals (VIM) (the "Funds") reconvened their annual meetings of shareholders that had been adjourned on July 17, 2012 with respect to certain proposals. The matters considered at the reconvened annual meetings were redomestications of certain Funds into Delaware statutory trusts, amendments to certain Funds' governing documents, mergers of certain Funds and advisory fee increases for certain Funds.
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At the reconvened meetings, shareholders of the Funds approved the following items:
I. Redomestications and Governing Document Amendments:
The following redomestication proposals have received all necessary shareholder approvals and are expected to be consummated on or about August 27, 2012:
Shareholders of MSY, OIA, OIB, OIC, ICS, IQN, IIC, IQC, VCV, VTN, VKI, VPV, VVR, VLT and VGM approved the redomestication of the Funds into Delaware statutory trusts.
The following redomestication proposals have also been approved by shareholders. These redomestications are expected to be consummated in the 4th quarter of 2012:
IMS, IMC, IMT, IIM, IQT, IQI, VKL, PIA, VIM, VOQ, VTJ and VKQ
Shareholders of VBF approved an Amended and Restated Agreement and Declaration of Trust.
II. Fund Mergers:
The following merger proposals have received all necessary shareholder approvals and are expected to be consummated on or about August 27, 2012:
Shareholders approved the merger of MSY into VLT.
Shareholders approved the merger of OIB into OIA.
Shareholders approved the merger of OIC into OIA.
Shareholders approved the merger of ICS into VCV.
Shareholders approved the merger of IIC into VCV.
Shareholders approved the merger of IQC into VCV.
Shareholders approved the merger of IQN into VTN.
The following merger proposals have also received all necessary shareholder approvals. These mergers are expected to be consummated in the 4th quarter of 2012:
Shareholders approved the merger of IMT into IIM.
Shareholders approved the merger of IMC into IIM.
Shareholders approved the merger of IQT into IQI.
The following merger proposals have been approved by shareholders of the target funds but still require approval of acquiring fund shareholders in order to be consummated:
Shareholders of VOQ approved the merger of VOQ into VKQ.
Shareholders of VTJ approved the merger of VTJ into VKQ.
Shareholders of VKL approved the merger of VKL into VMO.
Shareholders of PIA approved the merger of PIA into VMO.
Shareholders of VIM approved the merger of VIM into VMO.
Adjournment
The annual meetings of shareholders of the following funds have been further adjourned until September 25, 2012 with regards to proposals for redomestications, governing document amendments, mergers and advisory fee increases to provide these funds with additional time to solicit further shareholder votes. The adjourned meetings will begin at 1 p.m. EDT and will be held at 1555 Peachtree Street, N.E., Atlanta, Georgia 30309.
Redomestications: IQM, VMO and VMV
Governing Document Amendments: VTA
Fund Mergers: IMS, IQM, VMO, VMV and VKQ
Advisory Fee Increases: OIA, IQI and IIM
Investing involves risk and it is possible to lose money on any investment in the funds.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.
Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.
—Invesco—
SOURCE Invesco
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