ATLANTA, Sept. 25, 2012 /PRNewswire/ -- Invesco announced today that the following closed-end funds reconvened their annual meetings of shareholders that had been adjourned on July 17, 2012 and August 14, 2012 with respect to certain proposals:
Invesco Value Municipal Income Trust (IIM)
Invesco Value Municipal Securities (IMS)
Invesco Municipal Income Opportunities Trust (OIA)
Invesco Quality Municipal Income Trust (IQI)
Invesco Quality Municipal Securities (IQM)
Invesco Van Kampen Dynamic Credit Opportunities Fund (VTA)
Invesco Van Kampen Massachusetts Value Municipal Income Trust (VMV)
Invesco Van Kampen Municipal Opportunity Trust (VMO)
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.
At the reconvened annual meetings held today, shareholders of the following funds approved the redomestication of each such fund into a Delaware statutory trust:
IQM, VMO and VMV
The redomestications of IQM, VMO and VMV are expected to be consummated on or about October 15, 2012. In addition, the redomestications of the following funds, which were approved by shareholders on August 14, 2012, are expected to be consummated on or about October 15, 2012.
Invesco Van Kampen Ohio Quality Municipal Trust (VOQ)
Invesco Van Kampen Trust for Investment Grade New Jersey Municipals (VTJ)
Invesco Quality Municipal Investment Trust (IQT)
Invesco Value Municipal Bond Trust (IMC)
Invesco Value Municipal Trust (IMT)
Invesco Van Kampen Municipal Trust (VKQ)
Invesco Van Kampen Select Sector Municipal Trust (VKL)
Invesco Van Kampen Trust for Value Municipals (VIM)
Invesco Municipal Premium Income Trust (PIA)
II. Governing Documents Amendments
At the reconvened annual meetings held today, shareholders of VTA approved an Amended and Restated Agreement and Declaration of Trust.
III. Fund Mergers:
At the reconvened annual meetings held today, shareholders of the following funds approved the fund mergers listed below:
IMS, IQM, VMO, VMV and VKQ
Shareholders of other funds participating in such fund mergers had previously approved the transactions on August 14, 2012. As a result, the following merger proposals have received all necessary shareholder approvals and are expected to be consummated on or about October 15, 2012:
Merger of VMV into VKQ.
Merger of VOQ into VKQ.
Merger of VTJ into VKQ.
Merger of PIA into VMO.
Merger of VKL into VMO.
Merger of VIM into VMO.
Merger of IMT into IIM.
Merger of IMS into IIM.
Merger of IMC into IIM.
Merger of IQT into IQI.
Merger of IQM into IQI.
IV. Advisory Fee Increases:
At the reconvened annual meetings held today, shareholders of the following funds approved 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.
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