ATLANTA, May 15, 2012 /PRNewswire/ -- Invesco
Advisers, Inc. ("Invesco") announced today that each of the Invesco
and Invesco Van Kampen closed-end funds listed below (the "Funds")
has successfully priced and placed a private offering of Variable
Rate Muni Term Preferred Shares ("VMTP") pursuant to an offering
exempt from registration under the Securities Act of 1933.
The Funds have issued VMTP as follows:
|
Fund
|
NYSE
Ticker
|
VMTP
Amount
|
|
Invesco
California Municipal Income Trust
|
IIC
|
$41,400,000
|
|
Invesco
California Quality Municipal Securities
|
IQC
|
$30,900,000
|
|
Invesco
Van Kampen Advantage Municipal Income Trust II
|
VKI
|
$231,000,000
|
|
Invesco
Van Kampen California Value Municipal Income Trust
|
VCV
|
$116,000,000
|
(Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-a
)
Each Fund plans to redeem all 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 cash and
proceeds received from the issuance of VMTP.
ARPS Redemption Schedule
Invesco California Municipal Income Trust (NYSE: IIC)
|
Series
|
CUSIP
Number
|
# of
Shares
Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
1
|
461-30L-208
|
128
|
$6,400,000
|
June 18,
2012
|
|
2
|
461-30L-307
|
254
|
$12,700,000
|
June 18,
2012
|
|
3
|
461-30L-406
|
318
|
$15,900,000
|
June 18,
2012
|
|
4
|
461-30L-505
|
128
|
$6,400,000
|
June 18,
2012
|
Invesco California Quality Municipal Securities (NYSE:
IQC)
|
Series
|
CUSIP
Number
|
# of
Shares
Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
1
|
461-30M-206
|
146
|
$7,300,000
|
June 19,
2012
|
|
2
|
461-30M-305
|
135
|
$6,750,000
|
June 21,
2012
|
|
3
|
461-30M-404
|
337
|
$16,850,000
|
June 19,
2012
|
Invesco Van Kampen Advantage Municipal Income Trust II (NYSE:
VKI)
|
Series
|
CUSIP
Number
|
# of
Shares
Redeemed
|
Amount
Redeemed
|
Redemption
Date
|
|
A
|
461-32E-202
|
880
|
$22,000,000
|
May 24,
2012
|
|
B
|
461-32E-301
|
880
|
$22,000,000
|
May 25,
2012
|
|
C
|
461-32E-400
|
880
|
$22,000,000
|
May 24,
2012
|
|
D
|
461-32E-509
|
880
|
$22,000,000
|
May 24,
2012
|
|
E
|
461-32E-608
|
770
|
$19,250,000
|
May 25,
2012
|
|
F
|
461-32E-707
|
1100
|
$27,500,000
|
May 23,
2012
|
|
G
|
461-32E-806
|
1100
|
$27,500,000
|
May 25,
2012
|
|
H
|
461-32E-863
|
1100
|
$27,500,000
|
May 22,
2012
|
|
I
|
461-32E-871
|
1100
|
$27,500,000
|
June
4, 2012
|
|
J
|
461-32E-889
|
550
|
$13,750,000
|
May 22,
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
|
1392
|
$34,800,000
|
May 22,
2012
|
|
B
|
461-32H-304
|
1740
|
$43,500,000
|
May 25,
2012
|
|
C
|
461-32H-403
|
1044
|
$26,100,000
|
May 22,
2012
|
|
D
|
461-32H-502
|
464
|
$11,600,000
|
June 11,
2012
|
Invesco will keep market participants and shareholders informed
of any material developments with the Funds via press releases and
on Invesco's website at www.invesco.com/portal/site/us/news.
This information does not constitute an offer for sale of any
securities or a solicitation of any proxy.
For more information, call 1-800-341-2929.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management
firm, 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 firm 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 Invesco Advisers,
Inc. and Invesco Distributors, Inc. are wholly owned, indirect
subsidiaries of Invesco Ltd.
Note: There is no assurance that a closed-end fund will
achieve its investment objective. Shares are bought on the
secondary market and may trade at a discount or premium to NAV.
Regular brokerage commissions apply.
SOURCE Invesco