UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
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AIM EQUITY FUNDS (INVESCO EQUITY FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
AIM INVESTMENT FUNDS (INVESCO INVESTMENT FUNDS)
AIM SECTOR FUNDS (INVESCO SECTOR FUNDS)
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
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Shareholders Approve Invesco Fund Reorganizations, Six V.I. Fund Names to Change |
Key Dates
§ | April 16, 2012 | |
Reorganizing retail funds enter limited offering | ||
(Prior to open of business) | ||
§ | April 16, 2012 | |
Shareholder meeting for adjourned funds | ||
§ | April 18-19, 2012 | |
Capital gain distributions for Invesco Van Kampen V.I. Mid Cap Growth Fund | ||
– Record date: April 18 | ||
– Ex and pay date: April 19 | ||
§ | April 24-25, 2012 | |
Distributions for Invesco U.S. Mid Cap Value Fund | ||
– Record date: April 24 | ||
– Ex and pay date: April 25 | ||
§ | April 25, 2012 | |
Income distributions for Invesco High Income Municipal Fund | ||
– Record date: April 25 | ||
– Ex and pay date: April 25 | ||
§ | April 30, 2012 | |
Anticipated close | ||
(Prior to open of business) |
On April 2, 2012, three Invesco variable insurance (V.I.) funds and two retail funds received the votes necessary to proceed with their proposed reorganizations. Invesco Capital Development Fund and Invesco Commodities Strategy Fund had their shareholder meetings adjourned to April 16, 2012, to allow time for continued voting. Specific information on each merger is in the tables below.
As part of reorganization activities, Invesco Capital Development Fund and Invesco High Income Municipal Fund will be placed in limited offering status prior to open of business on April 16. Invesco Commodities Strategy Fund and Invesco U.S. Mid Cap Value Fund have been in limited offering since February 22, 2011, and November 22, 2010, respectively.
Additionally, Invesco V.I. Basic Value Fund, Invesco V.I. Dividend Growth Fund, Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund, Invesco Van Kampen V.I. Capital Growth Fund, Invesco Van Kampen V.I. Global Value Equity Fund and Invesco Van Kampen V.I. Mid Cap Value Fund are anticipated to change names for consistency with the Invesco open-end mutual funds that share the same strategy. Specific information on the name changes can be found in the table on page 3.
Approved Fund Reorganizations
Target Fund/Class | CUSIP | Symbol | Acquiring Fund/Class | CUSIP | Symbol | |||||
Invesco High Income Municipal Fund | Invesco Van Kampen High Yield Municipal Fund | |||||||||
Class A | 001419506 | AHMAX | Class A | 001419688 | ACTHX | |||||
Class B | 001419605 | AHMBX | Class B | 001419670 | ACTGX | |||||
Class C | 001419704 | AHMCX | Class C | 001419662 | ACTFX | |||||
Class Y | 001419852 | AHMYX | Class Y | 001419654 | ACTDX | |||||
Institutional Class | 001419860 | AHMIX | Institutional Class | 001419464 | ACTNX1 | |||||
Invesco U.S. Mid Cap Value Fund | Invesco Van Kampen American Value Fund | |||||||||
Class A | 00142F220 | MMCAX | Class A | 00143M844 | MSAVX | |||||
Class B | 00142F212 | MMCDX | Class B | 00143M836 | MGAVX | |||||
Class C | 00142F196 | MMCCX | Class C | 00143M828 | MSVCX | |||||
Class Y | 00142F188 | MPMVX | Class Y | 00143M794 | MSAIX | |||||
Class R | 00143M810 | MSARX | ||||||||
Institutional Class | 00143M786 | MSAJX | ||||||||
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 | |||||||
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 |
Adjourned fund reorganization meetings
The funds listed in the table below had their shareholder meetings adjourned to April 16, 2012, to allow time for voting.
Fund Reorganizations Adjourned for Continued Voting
Target Fund/Class | CUSIP | Symbol | Acquiring Fund/Class | CUSIP | Symbol | |||||
Invesco Capital Development Fund | Invesco Van Kampen Mid Cap Growth Fund | |||||||||
Class A | 001413863 | ACDAX | Class A | 00143M596 | VGRAX | |||||
Class B | 001413848 | ACDBX | Class B | 00143M588 | VGRBX | |||||
Class C | 001413822 | ACDCX | Class C | 00143M570 | VGRCX | |||||
Class R | 001413459 | ACDRX | Class R | 00143M562 | VGRRX | |||||
Class Y | 00141B105 | ACDYX | Class Y | 00143M554 | VGRDX | |||||
Institutional Class | 001413483 | ACDVX | Institutional Class | 00143M547 | VGRJX | |||||
Investor Class | 001413210 | ACDIX | Class A | 00143M596 | VGRAX | |||||
Invesco Commodities Strategy Fund | Invesco Balanced-Risk Commodity Strategy Fund | |||||||||
Class A | 00141V622 | COAAX | Class A | 00888Y102 | BRCAX | |||||
Class B | 00141V614 | COAHX | Class B | 00888Y201 | BRCBX | |||||
Class C | 00141V598 | COACX | Class C | 00888Y300 | BRCCX | |||||
Class R | 00141V580 | COARX | Class R | 00888Y409 | BRCRX | |||||
Class Y | 00141V572 | COAIX | Class Y | 00888Y508 | BRCYX | |||||
Institutional Class | 00141V564 | COAJX | Institutional Class | 00888Y607 | BRCNX |
1 | Please note that the symbol for Institutional Class Shares of Invesco Van Kampen High Yield Municipal Fund is proposed. |
Who may invest in Invesco funds during limited offering?
In general, funds will be closed to new investors. The table below provides details on who is eligible to make investments in the funds.
Invesco’s Limited Offering Policy for Reorganizing Funds
Investment type | Limited offering availability | |
Subsequent purchases or new accounts for existing investors | Open | |
New investors (including Individual Retirement Accounts) | Closed | |
New participants in existing retirement plans (excluding Individual Retirement Accounts) | Open | |
New retirement plans (excluding Individual Retirement Accounts) | Closed | |
New investors in existing brokerage firm wrap programs (including RIAs using fee-based models) | Closed | |
New brokerage firm wrap programs (including RIAs using fee-based models) | Closed | |
Portfolio managers and the management team of the funds | Open |
Name changes for six Invesco V.I. funds
The V.I. funds listed in the table below will change names for consistency with the Invesco open-end mutual funds that share the same strategy.
New Names for Invesco V.I. Funds
Effective | ||||||||||
Current Fund Name/Class | CUSIP | New Fund Name/Class | CUSIP | Date2 | ||||||
Invesco V.I. Basic Value Fund | Invesco Van Kampen V.I. Value Opportunities Fund | 04/30/12 | ||||||||
Series I | 008892614 | Series I | 008892614 | |||||||
Series II | 008892598 | Series II | 008892598 | |||||||
Invesco V.I. Dividend Growth Fund | Invesco V.I. Diversified Dividend Fund | 04/30/12 | ||||||||
Series I | 00888X104 | Series I | 00888X104 | |||||||
Series II | 00888X203 | Series II | 00888X203 | |||||||
Invesco V.I. Select Dimensions Equally-Weighted S&P 500 Fund | Invesco V.I. Equally-Weighted S&P 500 Fund | 04/30/12 | ||||||||
Series I | 00888X823 | Series I | 00888X823 | |||||||
Series II | 00888X815 | Series II | 00888X815 | |||||||
Invesco Van Kampen V.I. Capital Growth Fund | Invesco Van Kampen V.I. American Franchise Fund | 04/30/12 | ||||||||
Series I | 00888X799 | Series I | 00888X799 | |||||||
Series II | 00888X781 | Series II | 00888X781 | |||||||
Invesco Van Kampen V.I. Global Value Equity Fund | Invesco V.I. Global Core Equity Fund | 04/30/12 | ||||||||
Series I | 00888X716 | Series I | 00888X716 | |||||||
Series II | 00888X690 | Series II | 00888X690 | |||||||
Invesco Van Kampen V.I. Mid Cap Value Fund | Invesco Van Kampen V.I. American Value Fund | 07/15/12 | ||||||||
Series I | 00888X575 | Series I | 00888X575 | |||||||
Series II | 00888X567 | Series II | 00888X567 |
2 The name changes are effective open of business.
Contact us
Should you have questions, please contact your financial advisor for more information. For more information, financial professionals should contact Invesco at:
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 |
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 investment excellence We believe high-quality results begin with specialized insight and disciplined oversight. Depth of investment capabilities Our wide range of investment capabilities is designed to support a variety of financial objectives. Organizational strength As an independent firm, our global organization is solely focused on investment management. |
About risk
See prospectus and shareholder reports for complete details about the risks associated with each fund.
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.
The Invesco variable insurance funds are used solely as investment vehicles by insurance company separate accounts to fund variable annuity contracts and variable life insurance policies. Shares of the funds cannot be purchased directly. Expenses and fees are determined by the offering insurance company and will vary. Invesco Distributors, Inc. does not offer any variable products.
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