Invesco Ltd. (Invesco) (NYSE:IVZ) today completed its purchase of Morgan Stanley’s retail asset management business, including Van Kampen Investments (the Transaction).
In contemplation of the Transaction, shareholders of each Van Kampen closed-end fund approved a new investment advisory agreement with Invesco Advisers, Inc., a subsidiary of Invesco, and a new master investment sub-advisory agreement with several of Invesco's wholly-owned affiliates.
Effective June 1, 2010, each Fund's investment adviser, investment sub-advisers (except where noted below) and certain other service providers are affiliates of Invesco. The Transaction does not result in any change to any Fund's investment objectives, principal investment strategies, or portfolio management team (except where noted below).
In addition, effective June 1, 2010, each Fund has changed its name as follows. Each Fund’s ticker symbol remains unchanged.
| Current Name of Closed-End Management Investment Company | New Name of Closed-End Management Investment Company | Ticker Symbol | ||
| Van Kampen Advantage Municipal Income Trust II | Invesco Van Kampen Advantage Municipal Income Trust II | VKI | ||
| Van Kampen Bond Fund | Invesco Van Kampen Bond Fund | VBF | ||
| Van Kampen California Value Municipal Income Trust | Invesco Van Kampen California Value Municipal Income Trust | VCV | ||
| Van Kampen Dynamic Credit Opportunities Fund | Invesco Van Kampen Dynamic Credit Opportunities Fund | VTA | ||
| Van Kampen High Income Trust II | Invesco Van Kampen High Income Trust II | VLT | ||
| Van Kampen Massachusetts Value Municipal Income Trust | Invesco Van Kampen Massachusetts Value Municipal Income Trust | VMV | ||
| Van Kampen Municipal Opportunity Trust | Invesco Van Kampen Municipal Opportunity Trust | VMO | ||
| Van Kampen Municipal Trust | Invesco Van Kampen Municipal Trust | VKQ | ||
| Van Kampen Ohio Quality Municipal Trust | Invesco Van Kampen Ohio Quality Municipal Trust | VOQ | ||
| Van Kampen Pennsylvania Value Municipal Income Trust | Invesco Van Kampen Pennsylvania Value Municipal Income Trust | VPV | ||
| Van Kampen Select Sector Municipal Trust | Invesco Van Kampen Select Sector Municipal Trust | VKL | ||
| Van Kampen Senior Income Trust | Invesco Van Kampen Senior Income Trust | VVR | ||
| Van Kampen Trust for Insured Municipals | Invesco Van Kampen Trust for Insured Municipals | VIM | ||
| Van Kampen Trust for Investment Grade Municipals | Invesco Van Kampen Trust for Investment Grade Municipals | VGM | ||
| Van Kampen Trust for Investment Grade New Jersey Municipals | Invesco Van Kampen Trust for Investment Grade New Jersey Municipals | VTJ | ||
| Van Kampen Trust for Investment Grade New York Municipals | Invesco Van Kampen Trust for Investment Grade New York Municipals | VTN | ||
The new CUSIPs for the Funds are as follows:
| FUND | SHARE CLASS | CUSIPs | ||
| Invesco Van Kampen Advantage Municipal Income Trust II | Common Shares | 46132E 103 | ||
| Auction Preferred Shares, Series A | 46132E 202 | |||
| Auction Preferred Shares, Series B | 46132E 301 | |||
| Auction Preferred Shares, Series C | 46132E 400 | |||
| Auction Preferred Shares Series D | 46132E 509 | |||
| Auction Preferred Shares, Series E | 46132E 608 | |||
| Auction Preferred Shares, Series F | 46132E 707 | |||
| Auction Preferred Shares, Series G | 46132E 806 | |||
| Auction Preferred Shares, Series H | 46132E 863 | |||
| Auction Preferred Shares, Series I | 46132E 871 | |||
| Auction Preferred Shares, Series J | 46132E 889 | |||
| Invesco Van Kampen Bond Fund | Common Shares | 46132L107 | ||
| Invesco Van Kampen California Value Municipal Income Trust | Common Shares | 46132H 106 | ||
| Auction Preferred Shares, Series A | 46132H 205 | |||
| Auction Preferred Shares, Series B | 46132H 304 | |||
| Auction Preferred Shares, Series C | 46132H 403 | |||
| Auction Preferred Shares, Series D | 46132H 502 | |||
| Invesco Van Kampen Dynamic Credit Opportunities Fund | Common Shares | 46132R 104 | ||
| Invesco Van Kampen High Income Trust II | Common Shares | 46131F 101 | ||
| Invesco Van Kampen Massachusetts Value Municipal Income Trust | Common Shares | 46132J 102 | ||
| Auction Preferred Shares | 46132J 201 | |||
| Invesco Van Kampen Municipal Opportunity Trust | Common Shares | 46132C 107 | ||
| Auction Preferred Shares, Series A | 46132C 206 | |||
| Auction Preferred Shares, Series B | 46132C 305 | |||
| Auction Preferred Shares, Series C | 46132C 404 | |||
| Auction Preferred Shares, Series D | 46132C 503 | |||
| Auction Preferred Shares, Series E | 46132C 602 | |||
| Auction Preferred Shares, Series F | 46132C 701 | |||
| Invesco Van Kampen Municipal Trust | Common Shares | 46131J 103 | ||
| Auction Preferred Shares, Series A | 46131J 202 | |||
| Auction Preferred Shares, Series B | 46131J 301 | |||
| Auction Preferred Shares, Series C | 46131J 400 | |||
| Auction Preferred Shares, Series D | 46131J 509 | |||
| Auction Preferred Shares, Series E | 46131J 608 | |||
| Invesco Van Kampen Ohio Quality Municipal Trust | Common Shares | 46131K 100 | ||
| Auction Preferred Shares, Series A | 46131K 209 | |||
| Auction Preferred Shares, Series B | 46131K 308 | |||
| Invesco Van Kampen Pennsylvania Value Municipal Income Trust | Common Shares | 46132K 109 | ||
| Auction Preferred Shares, Series A | 46132K 208 | |||
| Auction Preferred Shares, Series B | 46132K 307 | |||
| Auction Preferred Shares, Series C | 46132K 406 | |||
| Auction Preferred Shares, Series D | 46132K 505 | |||
| Invesco Van Kampen Select Sector Municipal Trust | Common Shares | 46132G 108 | ||
| Remarketed Preferred Shares, Series A | 46132G 207 | |||
| Remarketed Preferred Shares, Series B | 46132G 306 | |||
| Remarketed Preferred Shares, Series C | 46132G 405 | |||
| Remarketed Preferred Shares, Series D | 46132G 504 | |||
| Invesco Van Kampen Senior Income Trust | Common Shares | 46131H 107 | ||
| Auction Preferred Shares, Series M | 46131H 206 | |||
| Auction Preferred Shares, Series T | 46131H 305 | |||
| Auction Preferred Shares, Series W | 46131H 404 | |||
| Auction Preferred Shares, Series TH | 46131H 503 | |||
| Auction Preferred Shares, Series F | 46131H 602 | |||
| Invesco Van Kampen Trust For Insured Municipals | Common Shares | 46131L 108 | ||
| Auction Preferred Shares, Series A | 46131L 207 | |||
| Auction Preferred Shares, Series B | 46131L 306 | |||
| Invesco Van Kampen Trust for Investment Grade Municipals | Common Shares | 46131M 106 | ||
| Auction Preferred Shares, Series A | 46131M 205 | |||
| Auction Preferred Shares, Series B | 46131M 304 | |||
| Auction Preferred Shares, Series C | 46131M 403 | |||
| Auction Preferred Shares, Series D | 46131M 502 | |||
| Auction Preferred Shares, Series E | 46131M 601 | |||
| Auction Preferred Shares, Series F | 46131M 700 | |||
| Auction Preferred Shares, Series G | 46131M 809 | |||
| Auction Preferred Shares, Series H | 46131M 882 | |||
| Auction Preferred Shares, Series I | 46131M 874 | |||
| Invesco Van Kampen Trust For Investment Grade New Jersey Municipals | Common Shares | 46131R 105 | ||
| Auction Preferred Shares | 46131R 204 | |||
| Invesco Van Kampen Trust For Investment Grade New York Municipals | Common Shares | 46131T 101 | ||
| Auction Preferred Shares, Series A | 46131T 200 | |||
| Auction Preferred Shares, Series B | 46131T 309 | |||
| Auction Preferred Shares, Series C | 46131T 408 | |||
Colin D. Meadows was appointed as a Trustee effective June 1, 2010.
The following persons are the Funds’ officers as of June 1, 2010:
| Name | Position Held | |
| Colin D. Meadows | President and Principal Executive Officer | |
| John M. Zerr | Senior Vice President, Chief Legal Officer and Secretary | |
| Lisa O. Brinkley | Vice President | |
| Kevin M. Carome | Vice President | |
| Karen Dunn Kelley | Vice President | |
| Sheri Morris | Vice President, Principal Financial Officer and Treasurer | |
| Todd L. Spillane | Chief Compliance Officer | |
| Lance A. Rejsek | Anti-Money Laundering Compliance Officer |
As noted above, a new investment advisory agreement with Invesco Advisers, Inc. (the Adviser) (which includes an investment sub-advisory agreement between Invesco Advisers, Inc. and each of Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc. and Invesco Trimark Ltd.) has been approved by shareholders of each Fund and is effective June 1, 2010.
Shareholders of Van Kampen Dynamic Credit Opportunities Fund also approved a new subadvisory agreement between the Adviser and Avenue Europe International Management, L.P. (Avenue Europe), which is also effective June 1, 2010, such that Avenue Europe can continue to provide investment subadvisory services to such Fund. Effective June 1, 2010, the Funds receive administrative services from the Adviser pursuant to administration agreements for such Funds and the Funds (except Invesco Van Kampen Senior Income Trust and Invesco Van Kampen Select Sector Fund) receive support services from Invesco Investment Services, Inc. pursuant to support services agreements for such Funds.
Effective June 1, 2010, the following individuals have been named as portfolio managers for Invesco Van Kampen Bond Fund (VBF):
- John Craddock, Senior Portfolio Manager has been with Invesco Advisers, Inc., and/or its affiliates since 1999.
- Cynthia Brien, Portfolio Manager has been with Invesco Advisers, Inc., and/or its affiliates since 1996.
- Chuck Burge, Senior Portfolio Manager, has been with Invesco Advisers, Inc., and/or its affiliates since 2002.
Separately, effective June 1, 2010, Andrew Findling is primarily responsible for the day-to-day management of Invesco Van Kampen High Income Trust II (VLT). Mr. Findling has been managing the Fund since 2008.
For more information, call 1-800-341-2929 or access www.invesco.com.
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 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 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.
—Invesco—
Contacts:
Ivy McLemore, 713-214-1904
ivy.mclemore@invesco.com
David
Bachert, 713-214-1465
david.bachert@invesco.com
