Filing by AIM Sector Funds (Invesco Sector Funds) pursuant to Rule 425 under the Securities Act of 1933, and deemed filed under Rule 14a-12(b) under the Securities Exchange Act of 1934.
Subject Companies:
AIM Equity Funds (Invesco Equity Funds)
(SEC File No. 811-01424)
AIM Investment Funds (Invesco Investment Funds)
(SEC File No. 811-05426)
AIM Sector Funds (Invesco Sector Funds)
(SEC File No. 811-03826)
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)
(SEC File No. 811-07890)
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
(SEC File No. 811-07452)
AIM Equity Funds (Invesco Equity Funds)
(SEC File No. 811-01424)
AIM Investment Funds (Invesco Investment Funds)
(SEC File No. 811-05426)
AIM Sector Funds (Invesco Sector Funds)
(SEC File No. 811-03826)
AIM Tax-Exempt Funds (Invesco Tax-Exempt Funds)
(SEC File No. 811-07890)
AIM Variable Insurance Funds (Invesco Variable Insurance Funds)
(SEC File No. 811-07452)
![(GRAPHIC)](https://capedge.com/proxy/425/0000950123-12-000709/h85899ah8592702.gif)
Invesco Product Line Reorganization
Important Target Dates
§ | Week of Jan. 19, 2012 | |
Proxy mailing to shareholders begins | ||
§ | April 2, 2012 | |
Shareholder meeting | ||
§ | April 30, 2012 | |
Anticipated close | ||
(Prior to open of business) |
After careful consideration, the Invesco Funds Board of Trustees has approved reorganizations of our U.S. mutual fund lineup — pending shareholder approval — to reduce overlap and enhance efficiency across our product offerings. Proxy statements outlining the proposals will be mailed to shareholders of record in January 2012. The record date for the proxy was Jan. 4, 2012.
In support of this initiative, the proxy solicitor, Computershare Fund Services, may contact shareholders of the affected funds by telephone and/or mail and encourage them to vote their shares. The chart below identifies the funds involved in the reorganizations.
Proposed Fund | ||||||||||
Reorganizations | ||||||||||
Target Fund | CUSIP | Symbol | Acquiring Fund | CUSIP | Symbol | |||||
Invesco Commodities Strategy Fund | Invesco Balanced-Risk Commodity Strategy Fund | |||||||||
Class A Shares | 00141V622 | COAAX | Class A Shares | 00888Y102 | BRCAX | |||||
Class B Shares | 00141V614 | COAHX | Class B Shares | 00888Y201 | BRCBX | |||||
Class C Shares | 00141V598 | COACX | Class C Shares | 00888Y300 | BRCCX | |||||
Class R Shares | 00141V580 | COARX | Class R Shares | 00888Y409 | BRCRX | |||||
Class Y Shares | 00141V572 | COAIX | Class Y Shares | 00888Y508 | BRCYX | |||||
Institutional Class Shares | 00141V564 | COAJX | Institutional Class Shares | 00888Y607 | BRCNX | |||||
Invesco U.S. Mid Cap Value Fund | Invesco Van Kampen American Value Fund | |||||||||
Class A Shares | 00142F220 | MMCAX | Class A Shares | 00143M844 | MSAVX | |||||
Class B Shares | 00142F212 | MMCDX | Class B Shares | 00143M836 | MGAVX | |||||
Class C Shares | 00142F196 | MMCCX | Class C Shares | 00143M828 | MSVCX | |||||
Class Y Shares | 00142F188 | MPMVX | Class Y Shares | 00143M794 | MSAIX | |||||
Class R Shares | 00143M810 | MSARX | ||||||||
Institutional Class Shares | 00143M786 | MSAJX |
Proposed Fund | ||||||||||
Reorganizations | ||||||||||
Target Fund | CUSIP | Symbol | Acquiring Fund | CUSIP | Symbol | |||||
Invesco High Income Municipal Fund | Invesco Van Kampen High Yield Municipal Fund | |||||||||
Class A Shares | 001419506 | AHMAX | Class A Shares | 001419688 | ACTHX | |||||
Class B Shares | 001419605 | AHMBX | Class B Shares | 001419670 | ACTGX | |||||
Class C Shares | 001419704 | AHMCX | Class C Shares | 001419662 | ACTFX | |||||
Class Y Shares | 001419852 | AHMYX | Class Y Shares | 001419654 | ACTDX | |||||
Institutional Class Shares | 001419860 | AHMIX | Institutional Class Shares | 001419464 | ACTNX1 | |||||
Invesco Capital Development Fund | Invesco Van Kampen Mid Cap Growth Fund | |||||||||
Class A Shares | 001413863 | ACDAX | Class A Shares | 00143M596 | VGRAX | |||||
Class B Shares | 001413848 | ACDBX | Class B Shares | 00143M588 | VGRBX | |||||
Class C Shares | 001413822 | ACDCX | Class C Shares | 00143M570 | VGRCX | |||||
Class R Shares | 001413459 | ACDRX | Class R Shares | 00143M562 | VGRRX | |||||
Class Y Shares | 00141B105 | ACDYX | Class Y Shares | 00143M554 | VGRDX | |||||
Institutional Class Shares | 001413483 | ACDVX | Institutional Class Shares | 00143M547 | VGRJX | |||||
Investor Class Shares | 001413210 | ACDIX | Class A Shares | 00143M596 | VGRAX | |||||
Invesco V.I. Leisure Fund | Invesco Van Kampen V.I. Capital Growth Fund | |||||||||
Series I | 008892366 | Series I | 00888X799 | |||||||
Series II | 008892358 | Series II | 00888X781 | |||||||
Invesco V.I. Capital Appreciation Fund | Invesco Van Kampen V.I. Capital Growth Fund | |||||||||
Series I | 008892101 | Series I | 00888X799 | |||||||
Series II | 008892754 | Series II | 00888X781 | |||||||
Invesco V.I. Capital Development Fund | Invesco Van Kampen V.I. Mid Cap Growth Fund | |||||||||
Series I | 008892853 | Series I | 00888X591 | |||||||
Series II | 008892747 | Series II | 00888X583 |
Contact us
Should you have questions, please contact your financial advisor for more information. For more information, financial professionals should contact Invesco at:
National Wirehouse | Independent Advisor | Institutional and Insurance Sales | ||
800 998 4246 | 800 337 4246 | 800 410 4246 | ||
Regional Broker Dealer | Retirement Division | Registered Investment Adviser | ||
800 421 0807 | 800 370 1519 | 800 421 4023 | ||
Client Services | Closed-End Funds | Global Cash Management | ||
800 959 4246 | 800 341 2929 | 800 659 1005, option 2 |
1 | Please note that the symbol for Institutional Class Shares of Invesco Van Kampen High Yield Municipal Fund is proposed. |
Explore Intentional Investing with InvescoSM
Intentional InvestingSM is the science and art of investing with purpose, prudence and diligence. It’s the philosophy that forms the foundation of our “investors-first” approach, exemplified by our:
Commitment to | Depth of investment | Organizational | ||
investment excellence | capabilities | strength | ||
We believe high-quality results | Our wide range of investment | As an independent firm, our global | ||
begin with specialized insight | capabilities is designed to support | organization is solely focused on | ||
and disciplined oversight. | a variety of financial objectives. | investment management. |
About risk
See prospectus and shareholder reports for complete details about the risks associated with each fund.
Where to find additional information
Each fund listed above as an Acquiring Fund will file with the Securities and Exchange Commission (the SEC) definitive proxy materials that will include a prospectus for the Acquiring Fund and a proxy statement for each applicable Target Fund. All Target Fund shareholders are advised to read the definitive proxy statements in their entirety when they become available because they will contain important information regarding the funds, the board’s considerations in recommending the reorganizations, the identity of the participants in the solicitation, and a description of any interest of those persons in the transactions and related matters.
Definitive proxy statements are expected to be mailed to fund shareholders during the first half of 2012. Shareholders may obtain a free copy of the definitive proxy statements when available, along with other documents filed by the funds with the SEC, at the SEC’s website at http://www.sec.gov. In addition, copies of the definitive proxy statements, once available, may be obtained, free of charge, by directing a request to Invesco via mail to 11 Greenway Plaza, Suite 2500, Houston, TX 77046 or via phone to 800 959 4246.
Each fund also files annual and semiannual reports and other information with the SEC. You may read and copy any reports, statements, or other information filed by a fund at the SEC’s public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at 1 800 SEC 0330 for further information on the public reference room. Filings made with the SEC by a fund are also available to the public from commercial document-retrieval services and at the website maintained by the SEC at http://www.sec.gov.
The foregoing is not an offer for sale of any security or a solicitation of any proxy.
NOT FDIC INSURED|MAY LOSE VALUE|NO BANK GUARANTEE
Before investing, investors should carefully read the prospectus and/or summary prospectus and carefully consider the investment objectives, risks, charges and expenses. For this and more complete information about the fund(s), investors should ask their advisers for a prospectus/summary prospectus or visit invesco.com/fundprospectus.
invesco.com/us IFPA-FLY-3-E 01/12 442 Invesco Distributors, Inc.