HOUSTON, Dec. 7, 2011 /PRNewswire/ -- Invesco
Advisers, Inc. ("Invesco") announced today that each of the Invesco
Van Kampen tax-exempt closed-end funds listed below (the "Funds")
plans to redeem a portion 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 proceeds received from the
issuance of Tender Option Bonds ("TOBs").
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This redemption announcement follows the November 30, 2011 press release in which Invesco
provided information regarding, among other things, refinancing of
a portion of the Funds' preferred shares with the use of
TOBs. The amount of ARPS being redeemed at this time varies
by Fund and ranges from approximately 7 percent to approximately 14
percent of the original amount of ARPS issued for each Fund.
The amount is also based on a number of factors, including the
interests of the common shareholders, the availability of high
quality municipal bonds at certain yield levels to be transferred
to the TOBs trust structure and the ability to secure liquidity
providers for the related put feature.
For this partial redemption, The Depository Trust Company
("DTC"), the securities' holder of record, will determine how the
partial series redemptions will be allocated among each participant
broker-dealer account. Each participant broker-dealer, as
nominee for underlying beneficial owners (street name
shareholders), in turn will determine how redeemed shares are to be
allocated among its underlying beneficial owners. The procedures
used by various broker-dealers to allocate redeemed shares among
beneficial owners may differ from each other as well as from the
procedures used by DTC.
Following is a redemption schedule for each fund:
Invesco Van Kampen Advantage Municipal Income Trust II (NYSE:
VKI)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32E-202
|
160
|
$4,000,000
|
January
12, 2012
|
|
B
|
461-32E-301
|
160
|
$4,000,000
|
January
13, 2012
|
|
C
|
461-32E-400
|
160
|
$4,000,000
|
January
12, 2012
|
|
D
|
461-32E-509
|
160
|
$4,000,000
|
January
19, 2012
|
|
E
|
461-32E-608
|
140
|
$3,500,000
|
January
30, 2012
|
|
F
|
461-32E-707
|
200
|
$5,000,000
|
January
18, 2012
|
|
G
|
461-32E-806
|
200
|
$5,000,000
|
January 9,
2012
|
|
H
|
461-32E-863
|
200
|
$5,000,000
|
January
31, 2012
|
|
I
|
461-32E-871
|
200
|
$5,000,000
|
January
13, 2012
|
|
J
|
461-32E-889
|
100
|
$2,500,000
|
January
31, 2012
|
Invesco Van Kampen California Value Municipal Income Trust
(NYSE: VCV)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32H-205
|
168
|
$4,200,000
|
January
31, 2012
|
|
B
|
461-32H-304
|
210
|
$5,250,000
|
January 9,
2012
|
|
C
|
461-32H-403
|
126
|
$3,150,000
|
January
31, 2012
|
|
D
|
461-32H-502
|
56
|
$1,400,000
|
January
23, 2012
|
Invesco Van Kampen Massachusetts Value Municipal Income Trust
(NYSE: VMV)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
F7
|
461-32J-201
|
92
|
$2,300,000
|
January
19, 2012
|
Invesco Van Kampen Municipal Opportunity Trust (NYSE:
VMO)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32C-206
|
300
|
$7,500,000
|
January
30, 2012
|
|
B
|
461-32C-305
|
300
|
$7,500,000
|
January
25, 2012
|
|
C
|
461-32C-404
|
200
|
$5,000,000
|
January
11, 2012
|
|
D
|
461-32C-503
|
200
|
$5,000,000
|
January
25, 2012
|
|
E
|
461-32C-602
|
200
|
$5,000,000
|
February
3, 2012
|
|
F
|
461-32C-701
|
160
|
$4,000,000
|
January
11, 2012
|
Invesco Van Kampen Municipal Trust (NYSE: VKQ)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-31J-202
|
300
|
$7,500,000
|
January
12, 2012
|
|
B
|
461-31J-301
|
300
|
$7,500,000
|
January
13, 2012
|
|
C
|
461-31J-400
|
300
|
$7,500,000
|
January
10, 2012
|
|
D
|
461-31J-509
|
300
|
$7,500,000
|
January
11, 2012
|
|
E
|
461-31J-608
|
100
|
$2,500,000
|
January 9,
2012
|
Invesco Van Kampen Ohio Quality Municipal Trust (NYSE:
VOQ)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-31K-209
|
188
|
$4,700,000
|
January
25, 2012
|
|
B
|
461-31K-308
|
80
|
$2,000,000
|
January
26, 2012
|
Invesco Van Kampen Pennsylvania Value Municipal Income Trust
(NYSE: VPV)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32K-208
|
195
|
$4,875,000
|
January
17, 2012
|
|
B
|
461-32K-307
|
175
|
$4,375,000
|
January
18, 2012
|
|
C
|
461-32K-406
|
281
|
$7,025,000
|
January
10, 2012
|
|
D
|
461-32K-505
|
305
|
$7,625,000
|
January
27, 2012
|
Invesco Van Kampen Select Sector Municipal Trust (NYSE:
VKL)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32G-207
|
68
|
$1,700,000
|
January
20, 2012
|
|
B
|
461-32G-306
|
68
|
$1,700,000
|
January
20, 2012
|
|
C
|
461-32G-405
|
200
|
$5,000,000
|
February
1, 2012
|
|
D
|
461-32G-504
|
180
|
$4,500,000
|
February
2, 2012
|
Invesco Van Kampen Trust for Insured Municipals (NYSE:
VIM)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-31L-207
|
126
|
$3,150,000
|
February
15, 2012
|
|
B
|
461-31L-306
|
126
|
$3,150,000
|
February
14, 2012
|
Invesco Van Kampen Trust for Investment Grade Municipals
(NYSE: VGM)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-31M-205
|
420
|
$10,500,000
|
January
12, 2012
|
|
B
|
461-31M-304
|
420
|
$10,500,000
|
January
19, 2012
|
|
C
|
461-31M-403
|
420
|
$10,500,000
|
January
24, 2012
|
|
D
|
461-31M-502
|
224
|
$5,600,000
|
January
30, 2012
|
|
E
|
461-31M-601
|
308
|
$7,700,000
|
January
12, 2012
|
|
F
|
461-31M-700
|
308
|
$7,700,000
|
January
19, 2012
|
|
G
|
461-31M-809
|
308
|
$7,700,000
|
January
26, 2012
|
|
H
|
461-31M-882
|
314
|
$7,850,000
|
January
24, 2012
|
|
I
|
461-31M-874
|
280
|
$7,000,000
|
January
17, 2012
|
Invesco Van Kampen Trust for Investment Grade New Jersey
Municipals (NYSE: VTJ)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
T7
|
461-31R-204
|
181
|
4,525,000
|
February
9, 2012
|
Invesco Van Kampen Trust for Investment Grade New York
Municipals (NYSE: VTN)
|
Series
|
CUSIP
Number
|
# of
Shares Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-31T-200
|
168
|
$4,200,000
|
January
10, 2012
|
|
B
|
461-31T-309
|
126
|
$3,150,000
|
January
12, 2012
|
|
C
|
461-31T-408
|
112
|
$2,800,000
|
January
10, 2012
|
Invesco will keep market participants and shareholders informed
of material developments in the Funds' progress to redeem ARPS via
press releases and on Invesco's website at
www.invesco.com/portal/site/us/news.
For more information, call 1-800-341-2929.
The foregoing is not an offer for sale of any securities, nor a
solicitation of any proxy.
About Invesco
Invesco is a leading independent global investment manager,
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 company 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 are wholly owned,
indirect subsidiaries of Invesco Ltd.
The information contained herein may include forward looking
statements about the Funds' capital structure changes and
transactions. These statements provide no assurances as to the
outcome of the changes or transactions or as to whether they will,
in fact, be consummated.
NOT FDIC INSURED, MAY LOSE VALUE, OFFER NO BANK
GUARANTEE
SOURCE Invesco