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
|
(Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-b
)
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