Invesco Announces Completion of Redomestications and Mergers of Closed-End Funds
ATLANTA, Oct. 15, 2012 /PRNewswire/ -- Invesco announced today the completion of the redomestication/merger of Invesco and Invesco Van Kampen closed-end funds recently approved by shareholders.
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Effective October 15, 2012, the redomestications into Delaware statutory trusts and the mergers of the funds listed below were completed. In the mergers, the shares of each Target Fund were converted into newly issued shares of the corresponding Acquiring Fund. The merger ratio for each merger (the ratio by which one multiplies the amount of the Target Fund common shares held to determine the number of Acquiring Fund common shares received in the merger) is set forth below.
| Final Merger Ratios |
||||
| Target Fund Name |
Ticker |
Acquiring Fund |
Ticker |
Merger Ratio |
| Invesco Value Municipal Bond Trust |
IMC |
Invesco Value Municipal Income Trust |
IIM |
0.94667466 |
| Invesco Value Municipal Securities |
IMS |
Invesco Value Municipal Income Trust |
IIM |
0.91611744 |
| Invesco Value Municipal Trust |
IMT |
Invesco Value Municipal Income Trust |
IIM |
0.94727382 |
| Invesco Quality Municipal Investment Trust |
IQT |
Invesco Quality Municipal Income Trust |
IQI |
1.04424157 |
| Invesco Quality Municipal Securities |
IQM |
Invesco Quality Municipal Income Trust |
IQI |
1.10744382 |
| Invesco Municipal Premium Income Trust |
PIA |
Invesco Van Kampen Municipal Opportunity Trust |
VMO |
0.6353022 |
| Invesco Van Kampen Select Sector Municipal Trust |
VKL |
Invesco Van Kampen Municipal Opportunity Trust |
VMO |
0.87774725 |
| Invesco Van Kampen Trust for Value Municipals |
VIM |
Invesco Van Kampen Municipal Opportunity Trust |
VMO |
0.98557692 |
| Invesco Van Kampen Massachusetts Value Municipal |
VMV |
Invesco Van Kampen Municipal Trust |
VKQ |
0.94101509 |
| Invesco Van Kampen Ohio Quality Municipal Trust |
VOQ |
Invesco Van Kampen Municipal Trust |
VKQ |
1.10631001 |
| Invesco Van Kampen Trust for Investment Grade |
VTJ |
Invesco Van Kampen Municipal Trust |
VKQ |
1.1776406 |
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.
SOURCE Invesco
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