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Rating:AIM Hires Academic to Distribute Settlement Monies Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 24, 2005

AIM Hires Academic to Distribute Settlement Monies

by: Theresa Sim

AIM Investments has tapped a University of Minnesota academic to serve as an independent distribution consultant, in line with the firm's final settlement with the SEC. The announcement was made on Tuesday.

Dr. Gordon J. Alexander's duties include: identifying affected shareholders, calculating the loss suffered by the shareholders, and designing a distribution plan for compensation.

Alexander's final plan must be approved by the fund's independent trustees and the SEC.  

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