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Wednesday, October 22, 2003

AIM Mergers Are A Go

by: Sean Hanna, Editor in Chief

Shareholders of eight Invesco Funds gave their thumbs up to reorganization plans. The approval means that seven of the funds will be folded into similar AIM Funds. An eighth fund will become part of an Invesco Fund.

Aim officials expect the merging of the funds to finish by November 3, 2003.

Shareholders also gave the nod to plans to fold the Invesco European Fund into AIM European Growth Fund at a later date.

The eight mergers include:

  • INVESCO Balanced Fund into INVESCO Total Return Fund
  • INVESCO Cash Reserves Fund into AIM Money Market Fund
  • INVESCO Growth Fund into AIM Large Cap Growth Fund
  • INVESCO Growth & Income Fund into AIM Blue Chip Fund
  • INVESCO Real Estate Opportunity Fund into AIM Real Estate Fund
  • INVESCO Tax-Free Money Fund into AIM Tax-Exempt Cash Fund
  • INVESCO Value Equity Fund into AIM Large Cap Basic Value Fund  

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