May 09, 2012 at 13:31 PM EDT
Invesco and Invesco Van Kampen Closed-End Funds Announce $401 Million Placement of Private Offerings of Variable Rate Muni Term Preferred Shares and Redemptions of Auction Rate Preferred Shares at Par

ATLANTA, May 9, 2012 /PRNewswire/ -- Invesco Advisers, Inc. ("Invesco") announced today that each of the Invesco and Invesco Van Kampen closed-end funds listed below (the "Funds") has successfully priced and placed a private offering of Variable Rate Muni Term Preferred Shares ("VMTP") pursuant to an offering exempt from registration under the Securities Act of 1933.  The Funds have issued VMTP as follows:

Fund

NYSE

Ticker

VMTP Amount

Invesco Value Municipal Income Trust

IIM

$71,200,000

Invesco Value Municipal Trust

IMT

$55,900,000

Invesco Value Municipal Bond Trust

IMC

$16,000,000

Invesco Van Kampen Municipal Opportunity Trust

VMO

$187,000,000

Invesco Van Kampen Select Sector Municipal Trust

VKL

$70,900,000

Each Fund plans to redeem all of its outstanding auction rate preferred shares ("ARPS") at their respective liquidation preferences (sometimes referred to as "at par"), together with accrued and unpaid dividends, if any, to the redemption date.  These redemptions are anticipated to be funded with cash and proceeds received from the issuance of VMTP. 

ARPS Redemption Schedule

Invesco Value Municipal Income Trust (NYSE: IIM)

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

1

461-32P-207

184

$9,200,000

June 11, 2012

2

461-32P-306

413

$20,650,000

June 11, 2012

3

461-32P-405

459

$22,950,000

June 11, 2012

4

461-32P-504

184

$9,200,000

June 11, 2012

5

461-32P-603

184

$9,200,000

June 11, 2012

Invesco Value Municipal Trust (NYSE: IMT)

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

TH

461-32W-202

774

$38,700,000

June 15, 2012

TU

461-32W-301

345

$17,250,000

June 13, 2012

Invesco Value Municipal Bond Trust (NYSE: IMC)

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

N/A

461-30Y-200

321

$16,050,000

June 14, 2012

Invesco Van Kampen Municipal Opportunity Trust (NYSE: VMO)

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

A

461-32C-206

1650

$41,250,000

May 21, 2012

B

461-32C-305

1650

$41,250,000

May 16, 2012

C

461-32C-404

1100

$27,500,000

May 30, 2012

D

461-32C-503

1100

$27,500,000

May 16, 2012

E

461-32C-602

1100

$27,500,000

May 24, 2012

F

461-32C-701

880

$22,000,000

May 30, 2012

Invesco Van Kampen Select Sector Municipal Trust (NYSE: VKL)

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

A

461-32G-207

374

$9,350,000

May 18, 2012

B

461-32G-306

374

$9,350,000

June 8, 2012

C

461-32G-405

1100

$27,500,000

May 23, 2012

D

461-32G-504

990

$24,750,000

May 24, 2012

Invesco will keep market participants and shareholders informed of any material developments with the Funds via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.

This information does not constitute an offer for sale of any securities or a solicitation of any proxy.

For more information, call 1-800-341-2929.

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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