AIM Select Real Estate Income Fund Board of Trustees Declares Distributions for August and September 2006, Board of Trustees De
01 Agosto 2006 - 10:00PM
Business Wire
The Board of Trustees for AIM Select Real Estate Income Fund
(NYSE:RRE), AIM's closed-end real estate fund, has declared
distributions to be paid during August and September 2006. A
distribution of $0.1040 per share will be paid on August 30, 2006,
for fund shareholders of record on August 18, 2006. The
distribution consists of approximately $0.0254 of net investment
income and approximately $0.0786 of return of capital. A
distribution of $0.1040 per share will be paid on September 28,
2006, to fund shareholders of record on September 18, 2006. The
distribution consists of approximately $0.0792 of net investment
income and approximately $0.0248 of return of capital. Monthly
distributions for the fund may later be recharacterized depending
on how the character of portfolio distributions received by the
fund is reported be real estate investment trusts (REITs) after the
end of the calendar year. The fund's Board of Trustees has
determined that it is in the best interests of the holders of the
fund's Common Shares to reorganize the fund as an open-end fund.
Among other benefits, such a reorganization will eliminate the
Common Shares' trading discount to net asset value. Formal Board
approval of all actions necessary to accomplish the reorganization
is anticipated to occur in the coming months, at which time the
fund will announce the terms of the reorganization. Before the fund
can reorganize as an open-end fund, it will be required to redeem
its outstanding Auction Rate Preferred Shares (ARPS) and to obtain
the approval of the holders of its Common Shares. The
reorganization also will be subject to making the necessary
regulatory filings with the Securities and Exchange Commission
(SEC) and receiving subsequent SEC approval. The fund has, from
time to time, purchased its Common Shares in open-market purchases.
The fund has ceased purchasing its Common Shares as a result of the
Board's determination to reorganize the fund as an open-end fund.
This communication does not constitute an offer to purchase or sell
any securities. About AIM Investments AIM Investments is dedicated
to building solutions for its clients with exceptional products and
services through multiple investment management styles and a broad
range of investment portfolios -- mutual funds, retirement
products, separately managed accounts for high-net-worth and
institutional investors, annuities, cash management, college
savings plans and offshore products. For more information, visit
www.aiminvestments.com. AIM Investments had approximately $135
billion in assets under management as of June 30, 2006. AIM
Investments is a service mark of A I M Management Group Inc. A I M
Advisors, Inc., A I M Capital Management, Inc., and AIM Private
Asset Management, Inc. are the investment advisors for the products
and services represented by AIM Investments. A I M Distributors,
Inc. is the distributor for the retail mutual funds and Fund
Management Company is the distributor for the institutional money
market funds represented by AIM Investments. About INVESCO
Institutional INVESCO Institutional (N.A.), Inc. is the principal
adviser in the North American institutional division of AMVESCAP
PLC. It is registered as an investment adviser with the SEC and is
the subadviser to AIM Select Real Estate Income Fund. Dallas-based
INVESCO Real Estate, the real estate division of INVESCO
Institutional, commenced operations in 1983. For more information,
visit www.invescorealestate.com. About AMVESCAP A I M Management
Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent
global investment manager, dedicated to helping people worldwide
build their financial security. Operating under the AIM, INVESCO
and Atlantic Trust brands, AMVESCAP strives to deliver outstanding
products and services through a comprehensive array of retail and
institutional products for clients around the world. The Company,
which had approximately $414 billion in assets under management as
of June 30, 2006, is listed on the London, New York and Toronto
stock exchanges with the symbol "AVZ." Additional information is
available at www.amvescap.com.
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