SCHEDULE
14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the
Securities
Exchange Act of 1934 (Amendment
No. )
Filed by the
Co-Registrants
x
Filed by a Party other than the
Registrant
o
Check the appropriate box:
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Preliminary
Proxy Statement
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Confidential,
for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2))
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x
Definitive
Proxy Statement
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Definitive
Revised Materials
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Soliciting
Material Pursuant to Section 140.14a-12
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VAN KAMPEN MUNICIPAL
TRUST
VAN KAMPEN OHIO QUALITY MUNICIPAL TRUST
VAN KAMPEN TRUST FOR INSURED MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW YORK
MUNICIPALS
VAN KAMPEN TRUST FOR INVESTMENT GRADE NEW JERSEY
MUNICIPALS
VAN KAMPEN MASSACHUSETTS VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN CALIFORNIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
VAN KAMPEN MUNICIPAL OPPORTUNITY TRUST
VAN KAMPEN ADVANTAGE MUNICIPAL INCOME TRUST II
VAN KAMPEN SELECT SECTOR MUNICIPAL TRUST
VAN KAMPEN SENIOR INCOME TRUST
VAN KAMPEN DYNAMIC CREDIT OPPORTUNITIES FUND
VAN KAMPEN BOND FUND
(Names of Co-Registrants as Specified in Their Charters)
Payment of Filing Fee (Check the appropriate box):
x
No
fee required.
o
Fee
computed per Exchange Act Rules 14a-6(i)(1) and 0-11.
o
Fee
paid previously with preliminary materials.
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VAN KAMPEN
INVESTMENTS
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MAY
2009
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Important
Notice To Van Kampen
Closed-End Fund Shareholders
Questions
&
Answers
Although
we recommend that you read the complete Joint Proxy Statement,
we have provided for your convenience a brief overview of the
issues to be voted on.
Q.
Why is a shareholder meeting being held?
A.
Each
Van Kampen closed-end fund is traded on a nationally recognized
stock exchange and is required to hold an annual meeting
of shareholders.
Q.
What proposal will be voted on?
A.
You
are being asked to elect nominees for the Board of Trustees.
Q.
Will my vote make a difference?
A.
Yes,
your vote is important and will make a difference no matter how
many shares you own. We encourage all shareholders to
participate in the governance of their funds.
Q.
How does the Board of Trustees recommend that
I vote?
A.
The
Board recommends that you vote FOR ALL of the
nominees on the enclosed proxy card.
Q.
How do I vote my proxy?
A.
You
may cast your vote by mail, phone or internet. To vote by mail,
please mark your vote on the enclosed proxy card and sign, date
and return the card in the postage-paid envelope provided. If
you choose to vote via phone or internet, please refer to the
instructions found on the proxy card accompanying this Joint
Proxy Statement. To vote by phone or internet, you will need the
control number that appears on the proxy card.
Q.
Why does the Joint Proxy Statement list several
closed-end funds?
A.
The
funds have a similar proposal and it is cost effective to have a
joint proxy statement and one meeting.
Q.
Where do I call for more information?
A.
Please
call Van Kampens Client Relations Department at
1-800-341-2929
or visit our website at www.vankampen.com, where you can send us
an e-mail message by selecting Contact Us.
Please vote on each
issue using blue or black ink to mark an X in one of the boxes
provided on the proxy card.
Election of
Trustees
mark FOR ALL, WITHHOLD or FOR
ALL EXCEPT.
To withhold
authority to vote for any one or more individual nominee(s),
check FOR ALL EXCEPT and write the nominees
name in the line below.
Sign, date and
return the proxy card in the enclosed postage-paid envelope. All
registered owners of an account, as shown in the address, must
sign the card. When signing as attorney, trustee, executor,
administrator, custodian, guardian or corporate officer, please
indicate your full title.
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x
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PLEASE MARK
VOTES AS IN
THIS EXAMPLE
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PROXY
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VAN
KAMPEN XXXXX
JOINT
ANNUAL MEETING OF SHAREHOLDERS
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXX
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FOR
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FOR
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ALL
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ALL
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WITHHOLD
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EXCEPT
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1x.
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Authority to vote for the election as Class X Trustees the
nominees named below:
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2.
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To transact such other business as may properly come before
the Meeting.
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XXXXXXXXX, XXXXXXXXX, XXXXXXXXX
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To withhold authority to vote for any one or more
individual nominee check For All Except and write
the nominees name on the line below.
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Please be sure to sign and date this Proxy, Date
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Shareholder sign here Co-owner sign
here
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XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
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SAMPLE
VAN KAMPEN CLOSED-END
FUNDS
522 Fifth Avenue
New York, New York 10036
(800)
341-2929
NOTICE OF
JOINT ANNUAL MEETING OF
SHAREHOLDERS
To Be
Held June 17, 2009
Notice is hereby given to the holders of common shares of
beneficial interest (Common Shares) and, where
applicable, the holders of preferred shares of beneficial
interest (the Preferred Shares) of each of the
Van Kampen Closed-End Funds listed on Annex A (the
Funds) to the attached Joint Proxy Statement that
the Joint Annual Meeting of Shareholders of the Funds (the
Meeting) will be held at the offices of
Van Kampen Investments Inc., 1 Parkview Plaza,
Oakbrook Terrace, Illinois
60181-5555,
on Wednesday, June 17, 2009 at 10:00 a.m., for the
following purposes:
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1.
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To elect trustees in the following manner:
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(a)
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With respect to VKI, VCV, VPV and VMV, to elect four
Class I trustees, each by the holders of Common Shares of
each such Fund. The elected Class I trustees will each
serve for a three year term or until a successor shall have been
duly elected and qualified.
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(b)
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With respect to VGM, VTJ, VIM, VTN, VOQ, VKQ, VMO and VVR, to
elect three Class II trustees, two by the holders of Common
Shares of each such Fund and one by holders of the Preferred
Shares of such Fund. The elected Class II trustees will
each serve for a three year term or until a successor shall have
been duly elected and qualified.
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(c)
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With respect to VTA and VBF, to elect three Class II
Trustees, each by the holders of Common Shares of each such
Fund. The elected Class II Trustees will each serve for a
three year term or until a successor shall have been duly
elected and qualified.
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(d)
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With respect to VKL, to elect three Class III trustees, two
by the holders of Common Shares of such Fund and one by the
holders of the Preferred Shares of such Fund. The elected
Class III trustees will each serve for a three year term or
until a successor shall have been duly elected
and qualified.
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2.
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To transact such other business as may properly come before the
Meeting or any adjournments thereof.
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Holders of record of the Common Shares and, where applicable,
Preferred Shares of each Fund at the close of business on
April 23, 2009 are entitled to notice of and to vote at the
Meeting and any adjournment thereof.
By order of the Board of Trustees
Stefanie V.
Chang Yu,
Vice President
May 5, 2009
Each Fund will furnish, without charge, a copy of its most
recent annual report (and the most recent semiannual report
succeeding the annual report, if any) to any shareholder upon
request. Any such request should be directed to the respective
Fund by calling
1-800-341-2929
or by writing to the respective Fund at 1 Parkview
Plaza Suite 100, PO Box 5555, Oakbrook
Terrace, Illinois
60181-5555.
Shareholders of the Funds are invited to attend the Meeting
in person. If you do not expect to attend the Meeting, please
indicate your voting instructions on the enclosed proxy card
with respect to each Fund in which you were a shareholder as of
the record date, date and sign such proxy card(s), and return it
(them) in the envelope provided, which is addressed for your
convenience and needs no postage if mailed in the
United States, or record your voting instructions by
telephone or via the internet.
In order to avoid the additional expense of further
solicitation, we ask that you mail your proxy cards(s) or record
your voting instructions by telephone or via the internet
promptly.
The Board of Trustees of each Fund recommends that you cast your
vote:
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FOR ALL
of the nominees for the Board of Trustees listed
in the Joint Proxy Statement.
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Your vote is important.
Please return your proxy card(s)
or record your voting instructions by
telephone or via the internet promptly
no matter how many shares you own.
JOINT PROXY STATEMENT
VAN KAMPEN CLOSED-END
FUNDS
522 Fifth Avenue
New York, New York 10036
(800) 341-2929
JOINT ANNUAL MEETING OF
SHAREHOLDERS
June 17, 2009
INTRODUCTION
This Joint Proxy Statement is furnished in connection with the
solicitation by the respective Board of Trustees (the
Trustees or the Board) of each of the
Van Kampen Closed-End Funds listed on Annex A to this
Joint Proxy Statement (the Funds) of proxies to be
voted at a Joint Annual Meeting of Shareholders of the Funds,
and all adjournments thereof (the Meeting), to be
held at the offices of Van Kampen Investments Inc.,
1 Parkview Plaza, Oakbrook Terrace, Illinois
60181-5555,
on Wednesday, June 17, 2009, at 10:00 a.m. The Meeting
will be an annual meeting for each Fund. The approximate mailing
date of this Joint Proxy Statement and accompanying form of
proxy is May 15, 2009.
Participating in the Meeting are holders of common shares of
beneficial interest (the Common Shares) and, where
applicable, the holders of preferred shares of beneficial
interest (the Preferred Shares) of each of the Funds
as set forth in Annex A to this Joint Proxy Statement. The
Common Shares and the Preferred Shares of the Funds sometimes
are referred to herein collectively as the Shares.
The Meeting is scheduled as a joint meeting of the shareholders
of the Funds because the shareholders of the Funds are expected
to consider and vote on similar matters. The Board of Trustees
has determined that the use of a joint proxy statement for the
Meeting is in the best interest of the shareholders of each of
the Funds. In the event that a shareholder of any Fund present
at the Meeting objects to the holding of a joint meeting and
moves for an adjournment of the meeting of such Fund to a time
immediately after the Meeting so that such Funds meeting
may be held separately, the persons named as proxies will vote
in favor of the adjournment.
Annex A lists the abbreviated name and stock symbol by
which the Funds sometimes are referred to in this Joint Proxy
Statement. Please refer to Annex A for any questions you
may have regarding whether your Fund is participating at the
Meeting, defined terms relating to the Funds and abbreviated
Fund names.
The Board has fixed the close of business on April 23, 2009
as the record date (the Record Date) for the
determination of holders of Shares of each Fund entitled to vote
at the Meeting. The number of issued and outstanding Common
Shares and Preferred Shares of each Fund as of the Record Date
is shown in Annex B to this Joint Proxy Statement.
The following table summarizes the proposals to be presented at
the Meeting for the Funds and the shareholders entitled to vote
with respect to the proposals.
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Proposal/Affected Funds
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Affected Shareholders
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1.
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Election of Trustees:
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(a)
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With respect to VKI, VCV, VPV and VMV, to elect
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four Class I Trustees, each by holders of
Common Shares of each such Fund
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Common
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(b)
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With respect to VGM, VTJ, VIM, VTN, VOQ VKQ, VMO and VVR,
to elect
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two Class II Trustees, each by holders of
Common Shares of each such Fund
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Common
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one Class II Trustee by holders of Preferred
Shares of each such Fund
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Preferred
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(c)
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With respect to VTA and VBF, to elect
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three Class II Trustees, each by holders of
Common Shares of each such Fund
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Common
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(d)
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With respect to VKL, to elect
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two Class III Trustees, each by holders of
Common Shares of such Fund
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Common
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one Class III Trustee by holders of Preferred
Shares of such Fund
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Preferred
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Each Fund will furnish, without charge, a copy of its most
recent annual report (and the most recent semiannual report
succeeding the annual report, if any) to any shareholder upon
request. Any such request should be directed to the respective
Fund by calling
1-800-341-2929
or by writing to the respective Fund at 1 Parkview
Plaza Suite 100, PO Box 5555,
Oakbrook Terrace,
Illinois 60181-5555.
Voting
Shareholders of a Fund on the Record Date are entitled to one
vote per Share with respect to any proposal submitted to the
shareholders of the Fund, with no Share having cumulative voting
rights. The voting requirement for passage of a particular
proposal depends on the nature of the proposal.
With respect to Proposal 1(a) through (d), holders of
Common Shares and Preferred Shares, where applicable, will vote
as separate classes for the respective nominee(s) to be elected
by such class of Shares. The affirmative vote of a plurality of
the Common Shares of a Fund present at the Meeting in person or
by proxy is required to elect each nominee for Trustee of such
Fund designated to be elected by the holders of the
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Common Shares of such Fund. The
affirmative vote of a plurality of the Preferred Shares of a
Fund present at the Meeting in person or by proxy is required to
elect such nominee for Trustee of such Fund designated to be
elected by the holders of the Preferred Shares of such Fund.
Election by plurality means those persons who receive the
highest number of votes cast FOR up to the total
number of persons to be elected as Trustees at the Meeting shall
be elected.
The Board of Trustees of each Fund recommends that you cast
your vote
FOR ALL
of the nominees for the Board of
Trustees listed in the Joint Proxy Statement.
An unfavorable vote on a proposal by the shareholders of one
Fund will not affect the implementation of such proposal by
another Fund if the proposal is approved by the shareholders of
the other Fund. An unfavorable vote on a proposal by the
shareholders of a Fund will not affect such Funds
implementation of other proposals that receive a favorable vote.
There is no cumulative voting with respect to the election
of Trustees.
All properly executed proxies received prior to the Meeting will
be voted at the Meeting in accordance with the instructions
marked thereon. Proxies received prior to the Meeting on which
no vote is indicated will be voted FOR each proposal
as to which they are entitled to be voted. Abstentions and
broker non-votes (i.e., where a nominee such as a broker,
holding shares for beneficial owners, indicates that
instructions have not been received from the beneficial owners,
and the nominee does not exercise discretionary authority) are
not treated as votes FOR a proposal. With respect to
Proposal 1(a) through (d), abstentions and broker
non-votes
are disregarded since only votes FOR are considered
in a plurality voting requirement. A majority of the
outstanding Shares of a Fund entitled to vote must be present in
person or by proxy to have a quorum for such Fund to conduct
business at the Meeting. Abstentions and broker non-votes will
be deemed present for quorum purposes.
Shareholders who execute proxies may revoke them at any time
before they are voted by filing with the respective Fund a
written notice of revocation, by delivering a duly executed
proxy bearing a later date or by attending the Meeting and
voting in person.
The Funds know of no business other than that mentioned in
Proposal 1 of the Notice that will be presented for
consideration at the Meeting. If any other matters are properly
presented, it is the intention of the persons named on the
enclosed proxy to vote proxies in accordance with their best
judgment. In the event a quorum is present at the Meeting but
sufficient votes to approve any of the proposals with respect to
one or more Funds or proposals are not received, proxies
(including abstentions and broker non-votes) would be voted in
favor of one or more adjournments of the Meeting of the
concerned Fund with respect to such proposal to permit further
solicitation of proxies, provided they determine that such an
adjournment and additional solicitation is reasonable and in the
interest of shareholders based on a consideration of all
relevant factors, including the nature of the relevant proposal,
the percentage of votes then cast, the percentage of negative
votes then
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cast, the nature of the proposed
solicitation activities and the nature of the reasons for such
further solicitation.
Investment
Adviser
The investment adviser for each Fund is Van Kampen Asset
Management (the Adviser). The Adviser is a wholly
owned subsidiary of Van Kampen Investments Inc.
(Van Kampen Investments). Van Kampen
Investments is a diversified asset management company that
administers more than three million retail investor accounts,
has extensive capabilities for managing institutional portfolios
and has more than $78 billion under management or
supervision as of March 31, 2009. Van Kampen
Investments is an indirect wholly owned subsidiary of Morgan
Stanley, a preeminent global financial services firm that
provides a wide range of investment banking, securities,
investment management and wealth management services. The
principal business address of the Adviser and Van Kampen
Investments is 522 Fifth Avenue, New York,
New York 10036.
VTAs investment subadviser is Avenue Europe International
Management, L.P. (the VTA Subadviser), a part of
Avenue Capital Group, which is comprised of three registered
investment advisers, including the VTA Subadviser. The Adviser
allocates a portion of VTAs assets to be invested by the
VTA Subadviser based upon market conditions and the
attractiveness of available investment opportunities in European
investments. The VTA Subadviser, located at 535 Madison Avenue,
New York, New York 10022, has experience managing investment
portfolios and private investment funds not registered under the
Investment Company Act of 1940, as amended (the 1940
Act). Morgan Stanley owns an indirect, non-controlling
interest in the VTA Subadviser.
VBFs investment subadviser is Morgan Stanley Investment
Management Limited (MSIM Limited) (the VBF
Subadviser). MSIM Limited is a wholly-owned subsidiary of
Morgan Stanley. The VBF Subadviser selects, buys and sells
securities for the Fund with the supervision of the Adviser. As
of March 31, 2009, MSIM Limited, together with its
investment management affiliates, managed and supervised assets
of approximately $356 billion. MSIM Limiteds
principal office is located at 25 Cabot Square, Canary Wharf,
London, E14 4QA, England.
Other
Service Providers
Each Fund, except VVR, has entered into an accounting services
agreement with the Adviser and each Fund, except VBF, has
entered into a legal services agreement with Van Kampen
Investments. Van Kampen Investments principal
business address is 522 Fifth Avenue, New York, New York
10036. Each Fund has entered into an employment agreement with
John Sullivan and Morgan Stanley pursuant to which
Mr. Sullivan, an employee of Morgan Stanley, serves as
Chief Compliance Officer of each Fund and
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other Van Kampen funds. The
principal business address of Mr. Sullivan is 1 Parkview
Plaza Suite 100, Oakbrook Terrace, IL 60181.
The principal business address of Morgan Stanley is
522 Fifth Avenue, New York, New York 10036. Each Fund,
except VVR and VKL, has also entered into a support services
agreement with Van Kampen Funds Inc. The principal business
address of Van Kampen Funds Inc. is 522 Fifth Avenue, New
York, New York 10036. VVR has also entered into an
administration agreement with Van Kampen Investments.
PROPOSAL 1: ELECTION OF TRUSTEES
Trustees are to be elected by the shareholders at the Meeting in
the following manner:
(a) With respect to VKI, VCV, VPV and VMV, four
Class I Trustees are to be elected at the Meeting, to serve
until the later of each such Funds Annual Meeting of
Shareholders in 2012 or until their successors have been duly
elected and qualified. Holders of Common Shares, voting as a
separate class, will vote with respect to four Class I
Trustees (David C. Arch, Jerry D. Choate,
Howard J Kerr and Suzanne H. Woolsey) designated to be
elected by such class of shares. An affirmative vote of a
plurality of the Common Shares of each such Fund is required to
elect the respective nominees. It is the intention of the
persons named in the enclosed proxy to vote the Shares
represented by them for the election of the respective nominees
listed unless the proxy is marked otherwise.
(b) With respect to VGM, VTJ, VIM, VTN, VOQ, VKQ, VMO and
VVR, three Class II Trustees are to be elected at the
Meeting, to serve until the later of each such Funds
Annual Meeting of Shareholders in 2012 or until a successor has
been duly elected and qualified. Previously, Linda Hutton Heagy
had been designated to be elected by holders of Common Shares
and Rod Dammeyer had been designated to be elected by holders of
Preferred Shares; at the Meeting, each of the above referenced
Funds has designated Linda Hutton Heagy to be elected by holders
of Preferred Shares of such Funds and Rod Dammeyer to be elected
by holders of Common Shares of such Funds, each to serve for a
three year term or until a successor shall have been duly
elected and qualified. Thus, holders of Common Shares, voting as
a separate class, will vote with respect to two Class II
Trustees (Rod Dammeyer and Wayne W. Whalen) designated to
be elected by such class of shares. Holders of Preferred Shares,
voting as a separate class, will vote with respect to one
Class II Trustee (Linda Hutton Heagy) designated to be
elected by such class of shares. An affirmative vote of a
plurality of the Common Shares of each such Fund and a plurality
of the Preferred Shares of each such Fund is required to elect
the respective nominees. It is the intention of the persons
named in the enclosed proxy to vote the Shares represented by
them for the
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election of the respective nominees
listed unless the proxy is marked otherwise.
(c) With respect to VTA and VBF, three Class II
Trustees are to be elected at the Meeting, to serve until the
later of each such Funds Annual Meeting of Shareholders in
2012 or until their successors have been duly elected and
qualified. Holders of Common Shares, voting as a separate class,
will vote with respect to three Class II Trustees (Rod
Dammeyer, Linda Hutton Heagy and Wayne W. Whalen)
designated to be elected by such class of shares. An affirmative
vote of a plurality of the Common Shares of each such Fund is
required to elect the respective nominees. It is the intention
of the persons named in the enclosed proxy to vote the Shares
represented by them for the election of the nominees listed
unless the proxy is marked otherwise.
(d) With respect to VKL, three Class III Trustees are
to be elected at the Meeting, to serve until the later of such
Funds Annual Meeting of Shareholders in 2012 or until a
successor has been duly elected and qualified. Holders of Common
Shares, voting as a separate class, will vote with respect to
two Class III Trustees (R. Craig Kennedy and
Jack E. Nelson) designated to be elected by such class of
shares. Holders of Preferred Shares, voting as a separate class,
will vote with respect to one Class III Trustee
(Hugo F. Sonnenschein) designated to be elected by such
class of shares. An affirmative vote of a plurality of the
Common Shares of such Fund and a plurality of the Preferred
Shares of such Fund is required to elect the respective
nominees. It is the intention of the persons named in the
enclosed proxy to vote the Shares represented by them for the
election of the respective nominees listed unless the proxy is
marked otherwise.
As in the past, only one class of Trustees is being submitted to
shareholders of each Fund for election at the Meeting. The
Declaration of Trust of each Fund provides that the Board of
Trustees shall consist of Trustees divided into three classes,
the classes to be as nearly equal in number as possible. For
each Fund, the Trustees of only one class are elected at each
annual meeting so that the regular term of only one class of
Trustees will expire annually and any particular Trustee stands
for election only once in each
three-year
period. This type of classification may prevent replacement of a
majority of Trustees of a Fund for up to a
two-year
period. The foregoing is subject to the provisions of the 1940
Act, applicable state law based on the state of organization of
each Fund, each Funds Declaration of Trust and each
Funds Bylaws.
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INFORMATION REGARDING TRUSTEES AND NOMINEES FOR ELECTION AS
TRUSTEE
The business and affairs of the Funds are managed under the
direction of the Board of Trustees. The tables below list the
incumbent Trustees and nominees for Trustee, their principal
occupations during the last five years, other directorships
held by them and their affiliations, if any, with the Adviser or
its affiliates. The term Fund Complex includes each
of the investment companies advised by the Adviser as of the
Record Date. Trustees of the Funds generally serve
three year terms or until their successors are duly elected
and qualified. All nominees have consented to being named in
this Joint Proxy Statement and have agreed to serve
if elected.
Independent
Trustees:
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Number of
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Term of
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Funds in
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Office and
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Fund
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Position(s)
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Length of
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Complex
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Name, Age and Address
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Held with
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Time
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Principal Occupation(s)
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Overseen
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Other Directorships
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of Trustee
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Funds
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Served
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During Past 5 Years
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by Trustee
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Held by Trustee
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David C.
Arch
1
(63)
Blistex Inc.
1800 Swift Drive
Oak Brook, IL 60523
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Trustee
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Chairman and Chief Executive Officer of Blistex Inc., a consumer
health care products manufacturer.
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Trustee/Director/Managing General Partner of funds in the
Fund Complex. Member of the Heartland Alliance Advisory
Board, a nonprofit organization serving human needs based
in Chicago. Board member of the Illinois
Manufacturers Association. Member of the Board of
Visitors, Institute for the Humanities, University of Michigan.
|
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|
|
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|
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|
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|
|
|
|
|
|
Jerry D.
Choate
1
(70)
33971 Selva Road
Suite 130
Dana Point, CA 92629
|
|
Trustee
|
|
|
|
Prior to January 1999, Chairman and Chief Executive Officer
of the Allstate Corporation (Allstate) and Allstate
Insurance Company. Prior to January 1995, President and
Chief Executive Officer of Allstate. Prior to August 1994,
various management positions at Allstate.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of Amgen Inc., a biotechnological company, and
Valero Energy Corporation, an independent refining company.
|
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|
|
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|
|
|
|
|
|
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|
|
7
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
|
Name, Age and Address
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
|
Overseen
|
|
|
Other Directorships
|
of Trustee
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
by Trustee
|
|
|
Held by Trustee
|
|
Rod
Dammeyer
2,5
(68)
CAC, LLC
4370 LaJolla Village Drive
Suite 685
San Diego, CA 92122-1249
|
|
Trustee
|
|
|
|
President of CAC, LLC, a private company offering capital
investment and management advisory services.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of Quidel Corporation and Stericycle, Inc.
Prior to May 2008, Trustee of The Scripps Research Institute.
Prior to February 2008, Director of Ventana Medical Systems,
Inc. Prior to April 2007, Director of
GATX Corporation. Prior to April 2004, Director of
TheraSense, Inc. Prior to January 2004, Director of TeleTech
Holdings Inc. and Arris Group, Inc.
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|
|
|
|
|
|
Linda Hutton
Heagy
2,4,5
(60)
4939 South Greenwood
Chicago, IL 60615
|
|
Trustee
|
|
|
|
Prior to February 2008, Managing Partner of Heidrick &
Struggles, an international executive search firm. Prior to
1997, Partner of Ray & Berndtson, Inc., an executive
recruiting firm. Prior to 1995, Executive Vice President of ABN
AMRO, N.A., a bank holding company. Prior to 1990, Executive
Vice President of The Exchange National Bank.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the
Fund Complex. Trustee on the University of Chicago Medical
Center Board, Vice Chair of the Board of the YMCA of
Metropolitan Chicago and a member of the Womens Board of
the University of Chicago.
|
|
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|
|
|
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|
|
|
|
|
8
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
|
Name, Age and Address
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
|
Overseen
|
|
|
Other Directorships
|
of Trustee
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
by Trustee
|
|
|
Held by Trustee
|
|
R. Craig
Kennedy
3
(57)
1744 R Street, N.W.
Washington, D.C. 20009
|
|
Trustee
|
|
|
|
Director and President of the German Marshall Fund of the United
States, an independent U.S. foundation created to deepen
understanding, promote collaboration and stimulate exchanges of
practical experience between Americans and Europeans. Formerly,
advisor to the Dennis Trading Group Inc., a managed futures and
option company that invests money for individuals and
institutions. Prior to 1992, President and Chief Executive
Officer, Director and member of the Investment Committee of the
Joyce Foundation, a private foundation.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of First Solar, Inc.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Howard J
Kerr
1
(73)
14 Huron Trace
Galena, IL 61036
|
|
Trustee
|
|
|
|
Prior to 1998, President and Chief Executive Officer of
Pocklington Corporation, Inc., an investment
holding company.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Director of the Lake Forest
Bank & Trust. Director of the Marrow Foundation.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
|
Name, Age and Address
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
|
Overseen
|
|
|
Other Directorships
|
of Trustee
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
by Trustee
|
|
|
Held by Trustee
|
|
Jack E.
Nelson
3
(73)
423 Country Club Drive
Winter Park, FL 32789
|
|
Trustee
|
|
|
|
President of Nelson Investment Planning Services, Inc., a
financial planning company and registered investment adviser in
the State of Florida. President of Nelson Ivest Brokerage
Services Inc., a member of the Financial Industry Regulatory
Authority, Securities Investors Protection Corp. and the
Municipal Securities Rulemaking Board. President of Nelson Sales
and Services Corporation, a marketing and services company to
support affiliated companies.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the
Fund Complex.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hugo F.
Sonnenschein
3,5
(68)
1126 E. 59th Street
Chicago, IL 60637
|
|
Trustee
|
|
|
|
President Emeritus and Honorary Trustee of the University of
Chicago and the Adam Smith Distinguished Service Professor in
the Department of Economics at the University of Chicago. Prior
to July 2000, President of the University of Chicago.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Trustee of the University of Rochester and a member of
its investment committee. Member of the National Academy of
Sciences, the American Philosophical Society and a fellow of the
American Academy of Arts and Sciences.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
|
Name, Age and Address
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
|
Overseen
|
|
|
Other Directorships
|
of Trustee
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
by Trustee
|
|
|
Held by Trustee
|
|
Suzanne H. Woolsey,
Ph.D.
1
(67)
815 Cumberstone Road
Harwood, MD 20776
|
|
Trustee
|
|
|
|
Chief Communications Officer of the National Academy of
Sciences/National Research Council, an independent, federally
chartered policy institution, from 2001 to November 2003 and
Chief Operating Officer from 1993 to 2001. Prior to 1993,
Executive Director of the Commission on Behavioral and Social
Sciences and Education at the National Academy of
Sciences/National Research Council. From 1980 through 1989,
Partner of Coopers & Lybrand.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in the Fund
Complex. Trustee of Changing World Technologies, Inc., an energy
manufacturing company, since July 2008. Director of Fluor Corp.,
an engineering, procurement and construction organization, since
January 2004. Director of Intelligent Medical Devices, Inc., a
symptom based diagnostic tool for physicians and clinical labs.
Director of the Institute for Defense Analyses, a federally
funded research and development center, Director of the German
Marshall Fund of the United States, Director of the Rocky
Mountain Institute and Trustee of California Institute of
Technology and the Colorado College.
|
Interested
Trustee:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of
|
|
|
|
|
|
|
|
Term of
|
|
|
|
Funds in
|
|
|
|
|
|
|
|
Office and
|
|
|
|
Fund
|
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
|
Complex
|
|
|
|
Name, Age and Address
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
|
Overseen
|
|
|
Other Directorships
|
of Trustee
|
|
Fund
|
|
Served
|
|
During Past 5 Years
|
|
By Trustee
|
|
|
Held by Trustee
|
|
Wayne W.
Whalen*
2
(69)
333 West Wacker Drive
Chicago, IL 60606
|
|
Trustee
|
|
|
|
Partner in the law firm of Skadden, Arps, Slate,
Meagher & Flom LLP, legal counsel to certain funds in
the Fund Complex.
|
|
|
89
|
|
|
Trustee/Director/Managing General Partner of funds in
the Fund Complex. Director of the Abraham Lincoln
Presidential Library Foundation.
|
1
Designated
as a Class I trustee.
2
Designated
as a Class II trustee.
3
Designated
as a Class III trustee.
|
|
4
|
As indicated above, prior to
February 2008, Ms. Heagy was an employee of Heidrick and
Struggles, an international executive search firm
(Heidrick). Heidrick has been (and may continue to
be) engaged by Morgan Stanley from time to time to perform
executive searches. Such searches have been done by
professionals at Heidrick without any involvement by
Ms. Heagy. Ethical wall procedures exist to ensure that
Ms. Heagy will not have any involvement with any searches
performed by Heidrick for Morgan Stanley. Ms. Heagy does
not receive any compensation, directly or indirectly, for
searches performed by Heidrick for Morgan Stanley.
|
|
5
|
Mr. Sonnenschein is elected by the
holders of all Funds with Preferred Shares. Currently, Mr.
Dammeyer has been elected by the holders of all Funds with
Preferred Shares. At the Meeting, Ms. Heagy is to be elected by
the holders of Preferred Shares, and Mr. Dammeyer is to be
elected by the holders of Common Shares, for each of VGM, VTJ,
VIM, VTN, VOQ, VKQ, VMO and VVR.
|
|
|
*
|
Mr. Whalen is an interested
person of funds in the Fund Complex by reason of he and his firm
currently providing legal services as legal counsel to such
funds in the Fund Complex.
|
|
|
Each Trustee generally serves a
three-year term from the date of election. Each Trustee has
served as a Trustee of each respective Fund since the year shown
in Annex C.
|
12
Remuneration
of Trustees
The compensation of Trustees and executive officers that are
affiliated persons (as defined in 1940 Act) of the Adviser or
Van Kampen Investments is paid by the respective affiliated
entity. The funds in the Fund Complex, including the Funds, pay
the non-affiliated Trustees an annual retainer and meeting fees
for services to funds in the Fund Complex.
Each fund in the Fund Complex (except the Van Kampen
Exchange Fund) provides a deferred compensation plan to its
non-affiliated Trustees that allows such Trustees to defer
receipt of compensation and earn a return on such deferred
amounts based upon the return of the common shares of the funds
in the Fund Complex as selected by the respective non-affiliated
Trustees. Each fund in the Fund Complex (except the
Van Kampen Exchange Fund) also provides a retirement plan
to its
non-affiliated
Trustees that provides non-affiliated Trustees with compensation
after retirement, provided that certain eligibility requirements
are met as more fully described below.
Each non-affiliated Trustee generally can elect to defer receipt
of all or a portion of the compensation earned by such
non-affiliated Trustee until retirement. Amounts deferred are
retained by the respective fund and earn a rate of return
determined by reference to the return on the common shares of
such fund or other funds in the Fund Complex as selected by the
respective non-affiliated Trustee, with the same economic effect
as if such non-affiliated Trustee had invested in one or more
funds in the Fund Complex, including the Funds. To the extent
permitted by the 1940 Act, each Fund may invest in securities of
those funds selected by the
non-affiliated
Trustees in order to match the deferred compensation obligation.
The deferred compensation plan is not funded and obligations
thereunder represent general unsecured claims against the
general assets of the respective Fund.
Each Fund has adopted a retirement plan. Under the retirement
plan, a
non-affiliated
Trustee who is receiving Trustees compensation from a Fund
prior to such non-affiliated Trustees retirement, has at
least 10 years of service (including years of service prior
to adoption of the retirement plan) for such Fund and retires at
or after attaining the age of 60, is eligible to receive a
retirement benefit each year for ten years following such
Trustees retirement from such Fund.
Non-affiliated
Trustees retiring prior to the age of 60 or with fewer than
10 years but more than 5 years of service may receive
reduced retirement benefits from a Fund. Each Trustee has served
as a member of each Funds Board of Trustees since the year
of such Trustees appointment or election as set forth on
Annex C to this Proxy Statement.
Additional information regarding compensation and benefits for
Trustees is set forth below. As indicated in the notes
accompanying the table, the amounts relate to either the
respective Funds most recently completed fiscal year ended
in 2008, the Fund
13
Complexs most recently
completed calendar year ended December 31, 2008 or as
of the date of this Proxy Statement.
Compensation
Table
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fund Complex
|
|
|
|
|
|
|
|
|
Total
|
|
|
|
|
|
|
|
|
Compensation
|
|
|
Aggregate
|
|
Aggregate Pension or
|
|
Aggregate Estimated
|
|
Before
|
|
|
Compensation
|
|
Retirement Benefits
|
|
Annual Benefits
|
|
Deferral from
|
|
|
from Each
|
|
Accrued as Part of
|
|
Upon
|
|
Fund
|
Name
|
|
Fund
(1)
|
|
Fund Expenses
(2)
|
|
Retirement
(3)
|
|
Complex
(4)
|
|
Independent Trustees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
David C. Arch
|
|
(1)
|
|
$
|
39,659
|
|
|
$
|
105,000
|
|
|
$
|
228,531
|
|
Jerry D. Choate
|
|
(1)
|
|
|
105,506
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Rod Dammeyer
|
|
(1)
|
|
|
77,926
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Linda Hutton Heagy
|
|
(1)
|
|
|
28,514
|
|
|
|
105,000
|
|
|
|
228,531
|
|
R. Craig Kennedy
|
|
(1)
|
|
|
19,693
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Howard J Kerr
|
|
(1)
|
|
|
107,362
|
|
|
|
149,395
|
|
|
|
228,531
|
|
Jack E. Nelson
|
|
(1)
|
|
|
124,295
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Hugo F. Sonnenschein
|
|
(1)
|
|
|
78,523
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Suzanne H. Woolsey
|
|
(1)
|
|
|
67,634
|
|
|
|
105,000
|
|
|
|
228,531
|
|
Interested Trustee
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wayne W. Whalen
|
|
(1)
|
|
|
78,451
|
|
|
|
105,000
|
|
|
|
228,531
|
|
|
|
(1)
|
The amount of aggregate
compensation payable by each Fund for its most recently
completed fiscal year ended in 2008 before deferral by the
Trustees under the deferred compensation plan is shown in
Annex D. Certain Trustees deferred all or a portion of the
aggregate compensation payable by each Fund for its most
recently completed fiscal year ended in 2008 as shown in
Annex E. The deferred compensation plan is described above
the table. Amounts deferred are retained by the respective Fund
and earn a rate of return determined by reference to either the
return on the Common Shares of the Fund or the common shares of
other funds in the Fund Complex as selected by the respective
Trustee. To the extent permitted by the 1940 Act, the Fund may
invest in securities of these funds selected by the Trustees in
order to match the deferred compensation obligation. The
cumulative deferred compensation (including earnings accrued
thereon for each trustee) for each Fund as of the end of its
most recently completed fiscal year ended in 2008 is shown in
Annex F.
|
|
(2)
|
The amounts shown in this column
represent the sum of the estimated retirement benefit accruals
expected to be accrued by the operating funds in the Fund
Complex for their respective fiscal years ended in 2008. The
retirement plan is described above the compensation table.
|
|
(3)
|
For each Trustee, this is the sum
of the estimated annual benefits payable by the current (i.e.,
as of the date of this Proxy Statement) operating funds in the
Fund Complex for each year of the
10-year
period commencing in the year of such Trustees anticipated
retirement. The retirement plan is described above the
compensation table.
|
|
|
(4)
|
The amounts shown in this column
are accumulated from the aggregate compensation of the operating
investment companies in the Fund Complex as of the calendar year
ended December 31, 2008 before deferral by the Trustees
under the
|
14
|
|
|
deferred compensation plan. Because
the funds in the Fund Complex have different fiscal year ends,
the amounts shown in this column are presented on a calendar
year basis.
|
Board
Committees and Meetings
Each Funds Board of Trustees has three standing committees
(an audit committee, a brokerage and services committee and a
governance committee). Each committee is comprised solely of
Independent Trustees, which is defined for purposes
herein as trustees who: (1) are not interested
persons of the Fund as defined by the 1940 Act and
(2) are independent of the respective Fund as
defined by the New York Stock Exchange, American Stock Exchange
and Chicago Stock Exchange listing standards.
Each Boards audit committee consists of
Messrs. Choate, Dammeyer and Kennedy. In addition to being
Independent Trustees as defined above, each of these Trustees
also meets the additional independence requirements for audit
committee members as defined by the New York Stock Exchange,
American Stock Exchange and Chicago Stock Exchange listing
standards. The audit committee makes recommendations to the
Board of Trustees concerning the selection of each Funds
independent registered public accounting firm, reviews with such
independent registered public accounting firm the scope and
results of each Funds annual audit and considers any
comments which the independent registered public accounting firm
may have regarding each Funds financial statements,
accounting records or internal controls. Each Board of Trustees
has adopted a formal written charter for the audit committee
which sets forth the audit committees responsibilities.
The audit committee charter for each of the Funds is available
on Van Kampens web site at www.vankampen.com. The
audit committee has reviewed and discussed the financial
statements of each Fund with management as well as with the
independent registered public accounting firm of each Fund, and
discussed with the independent registered public accounting firm
the matters required to be discussed under the Statement of
Auditing Standards No. 61. The audit committee has received
the written disclosures and the letter from the independent
registered public accounting firm required under Independence
Standard Board Standard No. 1 and has discussed with the
independent registered public accountants their independence.
Based on this review, the audit committee recommended to the
Board of Trustees of each Fund that each Funds audited
financial statements be included in each Funds annual
report to shareholders for the most recent fiscal year for
filing with the Securities and Exchange
Commission (SEC). Each member of the
Funds audit committee is deemed an audit committee
financial expert.
Each Boards brokerage and services committee consists of
Mesdames Heagy and Woolsey and Mr. Sonnenschein. The
brokerage and services committee reviews each Funds
allocation of brokerage transactions and soft-dollar practices
and reviews the transfer agency and shareholder servicing
arrangements.
15
Each Boards governance committee consists of
Messrs. Arch, Kerr and Nelson. In addition to being
Independent Trustees as defined above, each of these Trustees
also meets the additional independence requirements for
nominating committee members as defined by the New York Stock
Exchange, American Stock Exchange and Chicago Stock Exchange
listing standards. The governance committee identifies
individuals qualified to serve as Independent Trustees on the
Board and on committees of the Board, advises the Board with
respect to Board composition, procedures and committees,
develops and recommends to the Board a set of corporate
governance principles applicable to the respective Fund,
monitors corporate governance matters and makes recommendations
to the Board, and acts as the administrative committee with
respect to Board policies and procedures, committee policies and
procedures and codes of ethics. The governance committee charter
for each of the Funds, which includes each Funds
nominating policies, is available on Van Kampens web
site at www.vankampen.com. The Independent Trustees of the
respective Fund select and nominate any other nominee
Independent Trustees for the respective Fund. While the
Independent Trustees of the respective Fund expect to be able to
continue to identify from their own resources an ample number of
qualified candidates for the Board of Trustees as they deem
appropriate, they will consider nominations from shareholders to
the Board. Nominations from shareholders should be in writing
and sent to the Independent Trustees as described below.
During the fiscal year ended October 31, 2008, the Board of
Trustees of VCV, VMV, VPV, VKI, VGM, VIM, VTJ, VTN, VMO, VKL,
VKQ and VOQ each held 16 meetings. During each such
Funds last fiscal year, the audit committee of each such
Board held 4 meetings, the brokerage and services committee
of each such Board held 5 meetings and the governance
committee of each such Board held 4 meetings. During the
last fiscal year, each of the Trustees of such Funds during the
period such Trustee served as a Trustee attended at least 75% of
the meetings of the respective Board of Trustees and all
committee meetings thereof of which such Trustee was
a member.
During the fiscal year ended July 31, 2008, the Board of
Trustees of VVR and VTA each held 13 meetings. During such
Funds last fiscal year, the audit committee of such Board
held 4 meetings, the brokerage and services committee of
such Board of such Fund held 4 meetings and the governance
committee of such Board held 4 meetings. During the last
fiscal year, each of the Trustees of such Fund during the period
such Trustee served as a Trustee attended at least 75% of the
meetings of such Funds Board of Trustees and all committee
meetings thereof of which such Trustee was a member.
During the fiscal year ended June 30, 2008, the Board of
Trustees of VBF held 13 meetings. During such Funds
last fiscal year, the audit committee of such Board held
4 meetings, the brokerage and services committee of such
Board of such Fund held 4 meetings and the governance
committee of such Board held 4 meetings. During the last
fiscal year, each of the Trustees of such Fund during the period
such Trustee served
16
as a Trustee attended at least 75%
of the meetings of such Funds Board of Trustees and all
committee meetings thereof of which such Trustee was
a member.
Shareholder
Communications
Shareholders may send communications to each Funds Board
of Trustees. Shareholders should send communications intended
for the Board by addressing the communication directly to the
Board (or individual Board members) and/or otherwise clearly
indicating in the salutation that the communication is for the
Board (or individual Board members) and by sending the
communication to either the applicable Funds office or
directly to such Board member(s) at the address specified for
such Trustee above. Other shareholder communications received by
any Fund not directly addressed and sent to the Board will be
reviewed and generally responded to by management, and will be
forwarded to the Board only at managements discretion
based on the matters contained therein.
Shareholder
Approval
With respect to Proposal 1(a) through (d), the holders of
Common Shares and Preferred Shares, where applicable, voting as
a separate class, will vote on the respective nominees
designated to be elected by such class of shares. The
affirmative vote of a plurality of the Common Shares of each
Fund present at the Meeting in person or by proxy is required to
elect each nominee for Trustee designated to be elected by the
Common Shares and, where applicable, the affirmative vote of a
plurality of the Preferred Shares of each Fund present at the
Meeting in person or by proxy is required to elect each nominee
for Trustee designated to be elected by the
Preferred Shares.
The Board of Trustees recommends a
vote FOR ALL of the nominees.
17
OTHER
INFORMATION
Executive
Officers of the Funds
The following information relates to the executive officers of
the Funds. Each officer also serves in the same capacity for all
or a number of the other investment companies advised by the
Adviser or affiliates of the Adviser. The officers of the Funds
are appointed annually by the Trustees and serve for one year or
until their respective successors are chosen and qualified. The
Funds officers receive no compensation from the Funds but
may also be officers of the Adviser or officers of affiliates of
the Adviser and receive compensation in such capacities.
|
|
|
|
|
|
|
|
|
|
|
Term of
|
|
|
|
|
|
|
Office and
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
Name, Age and
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
Address of Officer
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
Edward C. Wood III (53)
1 Parkview Plaza - Suite 100
Oakbrook Terrace, IL 60181
|
|
President and
Principal Executive
Officer
|
|
Officer
since 2008
|
|
President and Principal Executive Officer of funds in the Fund
Complex since November 2008. Managing Director of
Van Kampen Investments Inc., the Adviser, the Distributor,
Van Kampen Advisors Inc. and Van Kampen Exchange Corp.
since December 2003. Chief Administrative Officer of the
Adviser, Van Kampen Advisors Inc. and Van Kampen
Exchange Corp. since December 2002. Chief Operating Officer of
the Distributor since December 2002. Director of Van Kampen
Advisors Inc., the Distributor and Van Kampen Exchange
Corp. since March 2004. Director of the Adviser since August
2008. Director of Van Kampen Investments Inc. and
Van Kampen Investor Services Inc. since June 2008.
Previously, Director of the Adviser and Van Kampen
Investments Inc. from March 2004 to January 2005 and Chief
Administrative Officer of Van Kampen Investments Inc. from 2002
to 2009.
|
|
|
|
|
|
|
|
18
|
|
|
|
|
|
|
|
|
|
|
Term of
|
|
|
|
|
|
|
Office and
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
Name, Age and
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
Address of Officer
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
Kevin Klingert (46)
522 Fifth Avenue
New York, NY 10036
|
|
Vice President
|
|
Officer
since 2008
|
|
Vice President of funds in the Fund Complex since May 2008.
Global Head, Chief Operating Officer and acting Chief Investment
Officer of the Fixed Income Group of Morgan Stanley Investment
Management Inc. since April 2008. Head of Global Liquidity
Portfolio Management and co-Head of Liquidity Credit Research of
Morgan Stanley Investment Management since December 2007.
Managing Director of Morgan Stanley Investment Management Inc.
from December 2007 to March 2008. Previously, Managing Director
on the Management Committee and head of Municipal Portfolio
Management and Liquidity at BlackRock from October 1991 to
January 2007.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stefanie V. Chang Yu (42)
522 Fifth Avenue
New York, NY 10036
|
|
Vice President
and Secretary
|
|
Officer
since 2003
|
|
Managing Director of Morgan Stanley Investment Management Inc.
Vice President and Secretary of funds in the Fund Complex.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
John L. Sullivan (53)
1 Parkview Plaza Suite 100
Oakbrook Terrace, IL 60181
|
|
Chief Compliance
Officer
|
|
Officer
since 1989
|
|
Chief Compliance Officer of funds in the Fund Complex since
August 2004. Prior to August 2004, Director and Managing
Director of Van Kampen Investments, the Adviser,
Van Kampen Advisors Inc. and certain other subsidiaries of
Van Kampen Investments, Vice President, Chief Financial
Officer and Treasurer of funds in the Fund Complex and head of
Fund Accounting for Morgan Stanley Investment Management Inc.
Prior to December 2002, Executive Director of Van Kampen
Investments, the Adviser and Van Kampen Advisors Inc.
|
|
|
|
|
|
|
|
19
|
|
|
|
|
|
|
|
|
|
|
Term of
|
|
|
|
|
|
|
Office and
|
|
|
|
|
Position(s)
|
|
Length of
|
|
|
Name, Age and
|
|
Held with
|
|
Time
|
|
Principal Occupation(s)
|
Address of Officer
|
|
Funds
|
|
Served
|
|
During Past 5 Years
|
|
Stuart N. Schuldt (47)
1 Parkview Plaza Suite 100
Oakbrook Terrace, IL 60181
|
|
Chief Financial
Officer and
Treasurer
|
|
Officer
since 2007
|
|
Executive Director of Morgan Stanley Investment Management Inc.
since June 2007. Chief Financial Officer and Treasurer of funds
in the Fund Complex since June 2007. Prior to June 2007, Senior
Vice President of Northern Trust Company, Treasurer and
Principal Financial Officer for Northern Trust U.S. mutual fund
complex.
|
20
Shareholder
Information
As of April 23, 2009, to the knowledge of the Funds, no
shareholder owned beneficially more than 5% of a class of a
Funds outstanding Shares. As of April 23, 2009,
certain Trustees and executive officers owned, directly or
beneficially, the number of Common Shares of each Fund as set
forth in Annex G. Except as indicated on Annex G, as
of April 23, 2009, the Trustees and executive officers of
the Funds individually and as a group owned less than 1% of the
outstanding Shares of each Fund. Trustees and executive officers
who do not own any Common Shares of the Funds or Funds which are
not owned by any Trustee or executive officers have been omitted
from the table in Annex G. As of April 23, 2009, no
Trustees or executive officers owned any Preferred Shares of
the Funds. Excluding deferred compensation balances as
described in the Compensation Table, as of April 23, 2009,
each Trustee beneficially owned equity securities of the Funds
and other funds in the Fund Complex overseen by the Trustees in
the dollar range amounts as specified in Annex H. Including
deferred compensation balances as described in the Compensation
Table, as of April 23, 2009, each Trustee owned the dollar
ranges of amounts of the Funds and other funds in the Fund
Complex as specified in Annex I.
Section
16(a) Beneficial Ownership Reporting Compliance
Section 30(f) of the 1940 Act and Section 16(a) of the
Securities Exchange Act of 1934, as amended, require each of the
Funds Trustees, officers, investment adviser, affiliated
persons of the investment adviser and persons who own more than
10% of a registered class of the Funds equity securities
to file forms with the SEC and the New York Stock Exchange or
American Stock Exchange, as applicable, reporting their
affiliation with the Fund and reports of ownership and changes
in ownership of Fund Shares. These persons and entities are
required by SEC regulation to furnish the Fund with copies of
all such forms they file. Based on a review of these forms
furnished to each Fund, each Fund believes that during its last
fiscal year, its Trustees, officers, Adviser and affiliated
persons of the Adviser complied with the applicable
filing requirements except as follows: a Form 4 Filing
relating to common shares of each of VGM, VMO, VIM and VKI on
behalf of Rod Dammeyer, a trustee of the Funds, inadvertently
was not filed in a timely manner; two Form 4 Filings
relating to common shares of VVR on behalf of Linda Hutton Heagy
and Wayne W. Whalen, each a trustee of the Funds, were
inadvertently not filed in a timely manner; two Form 4
Filings relating to common shares of VVR and VBF on behalf of
Hugo F. Sonnenschein, a trustee of the Funds, were inadvertently
not filed in a timely manner; a Form 3 Filing relating to
VBF on behalf of Christian Roth, a portfolio manager of such
Fund, inadvertently was not filed in a timely manner; and
Form 3 Filings relating to all Funds on behalf of Kevin
Klingert, an officer of the Funds, were inadvertently not filed
in a timely manner.
21
Independent
Registered Public Accounting Firm
The Board of Trustees of each Fund, including a majority of the
Trustees who are not interested persons of each Fund
(as defined by the 1940 Act), has selected Deloitte &
Touche LLP (D&T) as the independent registered
public accountants to examine the financial statements for the
current fiscal year of each Fund. The selection of D&T for
the current fiscal year was recommended and approved by each
Funds audit committee and approved by each Funds
Board. Each of the Funds knows of no direct or indirect
financial interest of D&T in such Fund.
Audit and
Other Fees
Each Fund and certain covered entities were billed
the amounts listed on Annex J by D&T during such
Funds most recent two fiscal years.
The audit committee of each Board has considered whether the
provision of non-audit services performed by D&T to the
Funds and covered entities is compatible with
maintaining D&Ts independence in performing audit
services. The audit committee also is required to pre-approve
services to covered entities to the extent that the
services are determined to have a direct impact on the
operations or financial reporting of the Funds and 100% of such
services were pre-approved by the audit committee pursuant to
the audit committees pre-approval policies and procedures.
The Boards pre-approval policies and procedures are
included as part of the Boards audit committee charter,
which is available on Van Kampens web site
at www.vankampen.com.
It is not expected that representatives of D&T will attend
the Meeting. In the event representatives of D&T do attend
the Meeting, they will have the opportunity to make a statement
if they desire to do so and will be available to answer
appropriate questions.
Expenses
The expenses of preparing, printing and mailing the enclosed
form of proxy, the accompanying Notice and this Proxy Statement
and all other costs, in connection with the solicitation of
proxies will be borne by the Funds. The total amount of these
expenses will be allocated among each of the Funds based upon
the total number of shareholders for each Fund in relation to
the total number of shareholders for all of the Funds
participating in the Meeting. The Funds will also reimburse
banks, brokers and others for their reasonable expenses in
forwarding proxy solicitation material to the beneficial owners
of the shares of the Funds. In order to obtain the necessary
quorum at the Meeting, additional solicitation may be made by
mail, telephone, telegraph, facsimile or personal interview by
representatives of the Funds, the Adviser or Van Kampen
Investments, by the transfer agents of the Funds and by dealers
or their representatives. The Funds may also retain
Computershare Fund Services, a professional proxy solicitation
firm to assist in additional proxy solicitation. The estimated
22
cost of additional telephone
solicitation by Computershare Fund Services is approximately
$2,000 per Fund.
Shareholder
Proposals
To be considered for presentation at a shareholders
meeting, rules promulgated by the SEC generally require that,
among other things, a shareholders proposal must be
received at the offices of the relevant Fund a reasonable time
before a solicitation is made. Shareholder proposals intended to
be presented at the year 2010 annual meeting of shareholders for
a Fund pursuant to
Rule 14a-8
under the Exchange Act of 1934, as amended (the Exchange
Act), must be received by the Fund at the Funds
principal executive offices by January 4, 2010. In order
for proposals made outside of
Rule 14a-8
under the Exchange Act to be considered timely
within the meaning of
Rule 14a-4(c)
under the Exchange Act, such proposals must be received by the
Fund at the Funds principal executive offices not later
than March 31, 2010. Timely submission of a proposal does
not necessarily mean that such proposal will be included. Any
shareholder who wishes to submit a proposal for consideration at
a meeting of such shareholders Fund should send such
proposal to the respective Fund at the principal executive
offices of the Fund at 522 Fifth Avenue, New York,
New York 10036, Attn: Van Kampen Asset Management
General Counsels Office.
General
Management of each Fund does not intend to present and does not
have reason to believe that others will present any other items
of business at the Meeting. However, if other matters are
properly presented to the Meeting for a vote, the proxies will
be voted upon such matters in accordance with the judgment of
the persons acting under the proxies.
A list of shareholders of each Fund entitled to be present and
vote at the Meeting will be available at the offices of the
respective Fund, 1 Parkview Plaza, Oakbrook Terrace,
Illinois 60181-5555, for inspection by any shareholder
during regular business hours for ten days prior to the date of
the Meeting.
Failure of a quorum to be present at the Meeting for any Fund
may necessitate adjournment and may subject such Fund to
additional expense.
If you cannot be present in person, you are requested to fill
in, sign and return the enclosed proxy card, for which no
postage is required if mailed in the United States, or
record your voting instructions by telephone or via the internet
promptly.
Stefanie V.
Chang Yu,
Vice President
May 5, 2009
23
ANNEX
A
Van Kampen
Closed-End Funds
The following list sets forth the Van Kampen closed-end
investment companies (the Funds) participating in
the Joint Annual Meeting of Shareholders to be held at the
offices of Van Kampen Investments Inc., 1 Parkview
Plaza, Oakbrook Terrace, Illinois
60181-5555
on Wednesday, June 17, 2009, at 10:00 a.m. The name in
the first column below is the legal name for each Fund. The name
in the second column is the abbreviated name of each Fund and
the designation in the third column is the stock symbol of each
Fund; the abbreviated name or stock symbol are sometimes used to
identify a specific Fund in the Joint Proxy Statement. Each of
the Funds has issued common shares of beneficial interest and
such common shares of the Funds are referred to herein as the
Common Shares. Each of the Funds, except VBF and
VTA, have issued preferred shares of beneficial interest with a
liquidation preference per share as designated in the fourth
column below, and such preferred shares of such Funds are
referred to herein as the Preferred Shares.
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Shares
|
Legal Name
|
|
Abbreviated Name
|
|
Stock Symbol
|
|
Outstanding
|
|
Van Kampen Select Sector Municipal Trust
|
|
Select Sector Municipal Trust
|
|
VKL
|
|
Remarketed Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Municipal Trust
|
|
Municipal Trust
|
|
VKQ
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Ohio Quality Municipal Trust
|
|
Ohio Quality Municipal Trust
|
|
VOQ
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
Van Kampen Trust for Insured Municipals
|
|
Trust for Insured Municipals
|
|
VIM
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Trust for Investment Grade Municipals
|
|
Trust for Investment Grade Municipals
|
|
VGM
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Trust for Investment Grade
New York Municipals
|
|
Trust for Investment Grade
New York Municipals
|
|
VTN
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Trust for Investment Grade New Jersey Municipals
|
|
Trust for Investment Grade
New Jersey Municipals
|
|
VTJ
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Municipal Opportunity Trust
|
|
Municipal Opportunity Trust
|
|
VMO
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Massachusetts Value Municipal Income Trust
|
|
Massachusetts Value Municipal Income Trust
|
|
VMV
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen California Value Municipal Income Trust
|
|
California Value Municipal Income Trust
|
|
VCV
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
A-1
|
|
|
|
|
|
|
|
|
|
|
|
|
Preferred Shares
|
Legal Name
|
|
Abbreviated Name
|
|
Stock Symbol
|
|
Outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Pennsylvania Value Municipal Income Trust
|
|
Pennsylvania Value Municipal Income Trust
|
|
VPV
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
Van Kampen Advantage Municipal Income Trust II
|
|
Advantage Municipal Income Trust II
|
|
VKI
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Senior Income Trust
|
|
Senior Income Trust
|
|
VVR
|
|
Auction Preferred Shares, liquidation preference $25,000 per
share
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Van Kampen Bond Fund
|
|
Bond Fund
|
|
VBF
|
|
None
|
Van Kampen Dynamic
|
|
Dynamic Credit
|
|
VTA
|
|
None
|
Credit Opportunities Fund
|
|
Opportunities Fund
|
|
|
|
|
A-2
ANNEX
B
Van Kampen
Closed-End Funds
The following list sets forth the number of issued and
outstanding Common Shares and Preferred Shares, where
applicable, for each Fund as of April 23, 2009, the Record
Date.
|
|
|
|
|
|
|
|
|
Fund Name
|
|
Common Shares
|
|
|
Preferred Shares
|
|
|
Select Sector Municipal Trust
|
|
|
15,190,715
|
|
|
|
4,128
|
|
Municipal Trust
|
|
|
38,867,003
|
|
|
|
10,400
|
|
Ohio Quality Municipal Trust
|
|
|
5,795,897
|
|
|
|
1,600
|
|
Trust for Insured Municipals
|
|
|
9,657,016
|
|
|
|
2,880
|
|
Trust for Investment Grade Municipals
|
|
|
53,821,931
|
|
|
|
17,152
|
|
Trust for Investment Grade New York Municipals
|
|
|
15,146,457
|
|
|
|
4,640
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
6,044,929
|
|
|
|
2,080
|
|
Municipal Opportunity Trust
|
|
|
33,637,968
|
|
|
|
10,880
|
|
Massachusetts Value Municipal Income Trust
|
|
|
2,699,990
|
|
|
|
790
|
|
California Value Municipal Income Trust
|
|
|
22,010,008
|
|
|
|
6,400
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
23,776,128
|
|
|
|
7,040
|
|
Advantage Municipal Income Trust II
|
|
|
44,186,427
|
|
|
|
13,440
|
|
Senior Income Trust
|
|
|
180,010,000
|
|
|
|
14,000
|
|
Bond Fund
|
|
|
11,317,176
|
|
|
|
None
|
|
Dynamic Credit Opportunities Fund
|
|
|
74,005,236
|
|
|
|
None
|
|
B-1
ANNEX C
The table below sets forth the
year in which each of the Trustees initially was elected or
appointed to the Board of Trustees of each Fund.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
|
|
Arch
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Kerr
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Woolsey
|
|
|
Whalen
|
|
Municipal Trust (VKQ)
|
|
|
1991
|
|
|
|
2003
|
|
|
|
1991
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1991
|
|
Ohio Quality Municipal Trust (VOQ)
|
|
|
1991
|
|
|
|
2003
|
|
|
|
1991
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1991
|
|
Trust for Insured Municipals (VIM)
|
|
|
1991
|
|
|
|
2003
|
|
|
|
1991
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1991
|
|
Trust for Investment Grade Municipals (VGM)
|
|
|
1991
|
|
|
|
2003
|
|
|
|
1991
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1991
|
|
Municipal Opportunity Trust (VMO)
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1992
|
|
Trust for Investment Grade New Jersey Municipals (VTJ)
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1992
|
|
Trust for Investment Grade New York Municipals (VTN)
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1992
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1992
|
|
Advantage Municipal Income Trust II (VKI)
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1993
|
|
California Value Municipal Income Trust (VCV)
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1993
|
|
Massachusetts Value Municipal Income Trust (VMV)
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1993
|
|
Pennsylvania Value Municipal Income Trust (VPV)
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1993
|
|
Select Sector Municipal Trust (VKL)
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1993
|
|
|
|
2003
|
|
|
|
1994
|
|
|
|
2003
|
|
|
|
1993
|
|
Senior Income Trust (VVR)
|
|
|
1998
|
|
|
|
2006
|
|
|
|
1998
|
|
|
|
2006
|
|
|
|
2006
|
|
|
|
1998
|
|
|
|
2006
|
|
|
|
1998
|
|
|
|
2006
|
|
|
|
1998
|
|
Bond Fund (VBF)
|
|
|
1997
|
|
|
|
2003
|
|
|
|
1997
|
|
|
|
2003
|
|
|
|
2003
|
|
|
|
1997
|
|
|
|
2003
|
|
|
|
1997
|
|
|
|
2003
|
|
|
|
1997
|
|
Dynamic Credit Opportunities Fund (VTA)
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
|
|
2007
|
|
C-1
ANNEX
D
2008
Aggregate Compensation before Deferral from each Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
Name of Fund
|
|
Fiscal Year-End
|
|
|
Arch
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Kerr
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Woolsey
|
|
|
Whalen
|
|
Advantage Municipal Income Trust II
|
|
|
10/31
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
California Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
Massachusetts Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
Municipal Opportunity Trust
|
|
|
10/31
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
Municipal Trust
|
|
|
10/31
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
Ohio Quality Municipal Trust
|
|
|
10/31
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
Select Sector Municipal Trust
|
|
|
10/31
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
Trust for Insured Municipals
|
|
|
10/31
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
Trust for Investment Grade Municipals
|
|
|
10/31
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
10/31
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
Trust for Investment Grade New York Municipals
|
|
|
10/31
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
Senior Income Trust
|
|
|
7/31
|
|
|
|
4,596
|
|
|
|
4,213
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
Dynamic Credit Opportunities Fund
|
|
|
7/31
|
|
|
|
2,967
|
|
|
|
2763
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
Bond Fund
|
|
|
6/30
|
|
|
|
600
|
|
|
|
556
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
D-1
ANNEX
E
2008
Aggregate Compensation Deferred for each Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
Name of Fund
|
|
Fiscal Year-End
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Whalen
|
|
|
Advantage Municipal Income Trust II
|
|
|
10/31
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
1,124
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
|
$
|
2,247
|
|
California Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
693
|
|
|
|
1,385
|
|
|
|
1,385
|
|
|
|
1,385
|
|
Massachusetts Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
|
|
289
|
|
|
|
578
|
|
|
|
578
|
|
|
|
578
|
|
Municipal Opportunity Trust
|
|
|
10/31
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
980
|
|
|
|
1,959
|
|
|
|
1,959
|
|
|
|
1,959
|
|
Municipal Trust
|
|
|
10/31
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
1,030
|
|
|
|
2,059
|
|
|
|
2,059
|
|
|
|
2,059
|
|
Ohio Quality Municipal Trust
|
|
|
10/31
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
|
|
359
|
|
|
|
718
|
|
|
|
718
|
|
|
|
718
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
740
|
|
|
|
1,479
|
|
|
|
1,479
|
|
|
|
1,479
|
|
Select Sector Municipal Trust
|
|
|
10/31
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
524
|
|
|
|
1,048
|
|
|
|
1,048
|
|
|
|
1,048
|
|
Trust for Insured Municipals
|
|
|
10/31
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
|
|
438
|
|
|
|
875
|
|
|
|
875
|
|
|
|
875
|
|
Trust for Investment Grade Municipals
|
|
|
10/31
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
1,443
|
|
|
|
2,886
|
|
|
|
2,886
|
|
|
|
2,886
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
10/31
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
|
|
379
|
|
|
|
757
|
|
|
|
757
|
|
|
|
757
|
|
Trust for Investment Grade New York Municipals
|
|
|
10/31
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
571
|
|
|
|
1,142
|
|
|
|
1,142
|
|
|
|
1,142
|
|
Senior Income Trust
|
|
|
7/31
|
|
|
|
4,213
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
2,298
|
|
|
|
4,596
|
|
|
|
4,596
|
|
|
|
4,596
|
|
Dynamic Credit Opportunities Fund
|
|
|
7/31
|
|
|
|
2,763
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
1,484
|
|
|
|
2,967
|
|
|
|
2,967
|
|
|
|
2,967
|
|
Bond Fund
|
|
|
6/30
|
|
|
|
556
|
|
|
|
600
|
|
|
|
600
|
|
|
|
300
|
|
|
|
600
|
|
|
|
600
|
|
|
|
600
|
|
Total
|
|
|
|
|
|
|
25,386
|
|
|
|
26,017
|
|
|
|
26,017
|
|
|
|
13,013
|
|
|
|
26,017
|
|
|
|
26,017
|
|
|
|
26,017
|
|
E-1
ANNEX
F
Cumulative
Compensation Deferred (plus interest) from each Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
Name of Fund
|
|
Fiscal Year-End
|
|
|
Arch
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Kerr
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Whalen
|
|
Advantage Municipal Income Trust II
|
|
|
10/31
|
|
|
$
|
26,357
|
|
|
$
|
38,600
|
|
|
$
|
158,056
|
|
|
$
|
33,595
|
|
|
$
|
5,650
|
|
|
$
|
69,487
|
|
|
$
|
38,547
|
|
|
$
|
183,390
|
|
|
$
|
160,449
|
|
California Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
39,536
|
|
|
|
27,740
|
|
|
|
173,232
|
|
|
|
24,070
|
|
|
|
3,491
|
|
|
|
89,541
|
|
|
|
27,989
|
|
|
|
200,970
|
|
|
|
172,747
|
|
Massachusetts Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
0
|
|
|
|
6,668
|
|
|
|
30,039
|
|
|
|
5,827
|
|
|
|
1,425
|
|
|
|
22,094
|
|
|
|
6,559
|
|
|
|
35,527
|
|
|
|
30,203
|
|
Municipal Opportunity Trust
|
|
|
10/31
|
|
|
|
13,179
|
|
|
|
31,355
|
|
|
|
110,664
|
|
|
|
27,313
|
|
|
|
4,857
|
|
|
|
47,087
|
|
|
|
31,192
|
|
|
|
128,658
|
|
|
|
113,370
|
|
Municipal Trust
|
|
|
10/31
|
|
|
|
13,179
|
|
|
|
32,383
|
|
|
|
112,489
|
|
|
|
28,201
|
|
|
|
4,990
|
|
|
|
47,347
|
|
|
|
32,217
|
|
|
|
130,778
|
|
|
|
115,378
|
|
Ohio Quality Municipal Trust
|
|
|
10/31
|
|
|
|
13,179
|
|
|
|
11,688
|
|
|
|
73,778
|
|
|
|
10,169
|
|
|
|
1,846
|
|
|
|
44,253
|
|
|
|
11,711
|
|
|
|
86,046
|
|
|
|
73,354
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
39,536
|
|
|
|
29,837
|
|
|
|
176,676
|
|
|
|
25,917
|
|
|
|
3,899
|
|
|
|
89,739
|
|
|
|
30,047
|
|
|
|
204,902
|
|
|
|
176,396
|
|
Select Sector Municipal Trust
|
|
|
10/31
|
|
|
|
13,179
|
|
|
|
16,912
|
|
|
|
83,478
|
|
|
|
14,723
|
|
|
|
2,654
|
|
|
|
44,994
|
|
|
|
16,885
|
|
|
|
97,249
|
|
|
|
83,871
|
|
Trust for Insured Municipals
|
|
|
10/31
|
|
|
|
0
|
|
|
|
10,621
|
|
|
|
38,677
|
|
|
|
9,281
|
|
|
|
2,141
|
|
|
|
22,789
|
|
|
|
10,475
|
|
|
|
45,525
|
|
|
|
39,589
|
|
Trust for Investment Grade Municipals
|
|
|
10/31
|
|
|
|
37,923
|
|
|
|
54,412
|
|
|
|
238,276
|
|
|
|
47,337
|
|
|
|
8,156
|
|
|
|
114,784
|
|
|
|
54,169
|
|
|
|
275,170
|
|
|
|
239,399
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
10/31
|
|
|
|
0
|
|
|
|
9,413
|
|
|
|
54,807
|
|
|
|
8,220
|
|
|
|
1,847
|
|
|
|
44,341
|
|
|
|
9,277
|
|
|
|
64,852
|
|
|
|
54,911
|
|
Trust for Investment Grade New York Municipals
|
|
|
10/31
|
|
|
|
26,357
|
|
|
|
21,444
|
|
|
|
126,529
|
|
|
|
18,637
|
|
|
|
2,977
|
|
|
|
67,088
|
|
|
|
21,553
|
|
|
|
146,979
|
|
|
|
126,287
|
|
Senior Income Trust
|
|
|
7/31
|
|
|
|
0
|
|
|
|
11,034
|
|
|
|
135,410
|
|
|
|
10,444
|
|
|
|
5,512
|
|
|
|
10,083
|
|
|
|
11,881
|
|
|
|
159,836
|
|
|
|
163,518
|
|
Dynamic Credit Opportunities Fund
|
|
|
7/31
|
|
|
|
0
|
|
|
|
2,571
|
|
|
|
2,668
|
|
|
|
2,640
|
|
|
|
1,296
|
|
|
|
|
|
|
|
2,679
|
|
|
|
2,735
|
|
|
|
2,668
|
|
Bond Fund
|
|
|
6/30
|
|
|
|
0
|
|
|
|
12,998
|
|
|
|
26,606
|
|
|
|
11,970
|
|
|
|
2,157
|
|
|
|
2,800
|
|
|
|
14,439
|
|
|
|
32,331
|
|
|
|
33,024
|
|
F-1
ANNEX G
TRUSTEE OWNERSHIP OF COMMON SHARES OF THE FUNDS
The table below indicates the
number of Common Shares of the respective Funds listed below
owned by each Trustee listed below as of April 23, 2009,
and the percentage of such Trustees Common Shares to the
total Common Shares outstanding for such Fund is shown in
parenthesis when such ownership individually exceeds 1% of the
total Common Shares outstanding.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
|
|
Arch
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Sonnenschein
|
|
|
Woolsey
|
|
|
Whalen
|
|
|
Advantage Municipal Income Trust
II
(1)
|
|
|
500
|
|
|
|
688,850
|
|
|
|
|
|
|
|
|
|
|
|
708
|
|
|
|
|
|
|
|
1,122
|
|
California Value Municipal Income Trust
|
|
|
|
|
|
|
142,944
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Opportunity Trust
|
|
|
595
|
|
|
|
|
|
|
|
198
|
|
|
|
198
|
|
|
|
644
|
|
|
|
|
|
|
|
1,931
|
|
Municipal Trust
|
|
|
1,126
|
|
|
|
232,275
|
|
|
|
162
|
|
|
|
162
|
|
|
|
486
|
|
|
|
|
|
|
|
1,539
|
|
Select Sector Municipal Trust
|
|
|
1,011
|
|
|
|
|
|
|
|
100
|
|
|
|
100
|
|
|
|
350
|
|
|
|
|
|
|
|
553
|
|
Senior Income Trust
|
|
|
|
|
|
|
24,066
|
|
|
|
|
|
|
|
|
|
|
|
500
|
|
|
|
|
|
|
|
566
|
|
Trust for Insured
Municipals
(2)
|
|
|
300
|
|
|
|
171,500
|
|
|
|
|
|
|
|
50
|
|
|
|
|
|
|
|
|
|
|
|
1,004
|
|
Trust for Investment Grade Municipals
|
|
|
637
|
|
|
|
|
|
|
|
58
|
|
|
|
58
|
|
|
|
175
|
|
|
|
685
|
|
|
|
1,563
|
|
Bond Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50
|
|
|
|
|
|
|
|
|
|
|
|
558
|
|
Dynamic Credit Opportunities Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
560
|
|
|
|
(1)
|
The Trustees as a group own 1.56%
of the total Common Shares outstanding of Advantage Municipal
Income Trust II.
|
|
(2)
|
The Trustees as a group own 1.79%
of the total Common Shares outstanding of Trust for Insured
Municipals.
|
G-1
ANNEX
H
TRUSTEE BENEFICIAL OWNERSHIP OF SECURITIES
The table below indicates the
aggregate dollar range of equity securities of the respective
Funds listed below owned by each Trustee listed below as of
April 23, 2009.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
|
|
Arch
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Kerr
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Woolsey
|
|
|
Whalen
|
|
Advantage Municipal Income Trust II
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
California Value Municipal Trust
|
|
|
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Opportunity Trust
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Municipal Trust
|
|
|
$10,001-$50,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Select Sector Municipal Trust
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Senior Income Trust
|
|
|
|
|
|
|
|
|
|
|
$50,001-$100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Trust for Insured Municipals
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Trust for Investment Grade Municipals
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
$10,001-$50,000
|
|
Bond Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Dynamic Credit Opportunities Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Aggregate Dollar Range of Equity Securities in all Registered
Investment Companies Overseen by Trustee in the Fund Complex
|
|
|
$50,001-$100,000
|
|
|
|
$10,001-$50,000
|
|
|
|
over $100,000
|
|
|
|
$50,001-$100,000
|
|
|
|
over $100,000
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
$10,001-$50,000
|
|
|
|
$10,001-$50,000
|
|
|
|
over $100,000
|
|
H-1
ANNEX
I
TRUSTEE BENEFICIAL OWNERSHIP OF SECURITIES
The table below indicates the
aggregate dollar range of equity securities of the respective
Funds listed below owned by each Trustee, combining equity
beneficial ownership with such Trustees deferred
compensation amounts, as of April 23, 2009.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Independent Trustees
|
|
|
Interested Trustee
|
|
|
|
Arch
|
|
|
Choate
|
|
|
Dammeyer
|
|
|
Heagy
|
|
|
Kennedy
|
|
|
Kerr
|
|
|
Nelson
|
|
|
Sonnenschein
|
|
|
Woolsey
|
|
|
Whalen
|
|
|
Advantage Municipal Income Trust II
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
California Value Municipal Income Trust
|
|
|
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Opportunity Trust
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Municipal Trust
|
|
|
$10,001-$50,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Select Sector Municipal Trust
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Senior Income Trust
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
over $100,000
|
|
Trust for Insured Municipals
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$10,001-$50,000
|
|
Trust for Investment Grade Municipals
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
$1-$10,000
|
|
|
|
$10,001-$50,000
|
|
Bond Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
|
|
|
|
|
|
|
|
|
|
over $100,000
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Dynamic Credit Opportunities Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1-$10,000
|
|
Aggregate Dollar Range of Equity Securities and Deferred
Compensation in all Registered Investment Companies Overseen by
Trustee in the Fund Complex
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
over $100,000
|
|
|
|
$10,001-$50,000
|
|
|
|
over $100,000
|
|
I-1
ANNEX J
Fiscal
Year End 2007 Audit and Other Fees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Audit Fees
|
|
|
|
|
Name of Fund
|
|
Fiscal Year-End
|
|
|
Audit Fees
|
|
|
Audit-Related
(3)
|
|
|
Tax
(6)
|
|
|
All Other
|
|
|
Total Non-Audit
|
|
|
Total
|
|
|
Advantage Municipal Income Trust II
|
|
|
10/31
|
|
|
$
|
28,275
|
|
|
$
|
400
|
|
|
$
|
1,600
|
|
|
$
|
0
|
|
|
$
|
2,000
|
|
|
$
|
30,275
|
|
California Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Massachusetts Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Municipal Opportunity Trust
|
|
|
10/31
|
|
|
|
34,475
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
36,475
|
|
Municipal Trust
|
|
|
10/31
|
|
|
|
34,475
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
36,475
|
|
Ohio Quality Municipal Trust
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Select Sector Municipal Trust
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Trust for Insured Municipals
|
|
|
10/31
|
|
|
|
34,475
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
36,475
|
|
Trust for Investment Grade Municipals
|
|
|
10/31
|
|
|
|
34,475
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
36,475
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Trust for Investment Grade New York Municipals
|
|
|
10/31
|
|
|
|
28,275
|
|
|
|
400
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
2,000
|
|
|
|
30,275
|
|
Senior Income Trust
|
|
|
7/31
|
|
|
|
78,175
|
|
|
|
17,000
|
(5)
|
|
|
2,575
|
|
|
|
0
|
|
|
|
19,575
|
|
|
|
97,750
|
|
Bond Fund
|
|
|
6/30
|
|
|
|
32,875
|
|
|
|
0
|
|
|
|
1,600
|
|
|
|
0
|
|
|
|
1,600
|
|
|
|
34,475
|
|
Dynamic Credit Opportunities
Fund
(1)
|
|
|
7/31
|
|
|
|
76,675
|
|
|
|
0
|
|
|
|
2,575
|
|
|
|
0
|
|
|
|
2,575
|
|
|
|
79,250
|
|
Covered
Entities
(2)
|
|
|
|
|
|
|
N/A
|
|
|
$
|
244,200
|
|
|
$
|
0
|
|
|
$
|
0
|
|
|
$
|
244,200
|
|
|
$
|
244,200
|
|
N/A - Not applicable.
|
|
(1)
|
Dynamic Credit Opportunities Fund
commenced investment operations on June 26, 2007.
|
(2)
|
Covered Entities include the
Adviser (excluding sub-advisers) and any entity controlling,
controlled by or under common control with the Adviser that
provides ongoing services to the Funds.
|
(3)
|
Audit-Related Fees represent
assurance and related services provided that are reasonably
related to the performance of the audit of the financial
statements of the Covered Entities and funds advised by the
Adviser or its affiliates, specifically attestation services
provided in connection with SAS 70 reports of Covered
Entities.
|
(4)
|
Audit-Related Fees represent agreed
upon procedures provided that are reasonably related to the
performance of the audit of the financial statements of the fund.
|
(5)
|
Audit-Related Fees represent agreed
upon procedures, and letters provided to underwriters related to
the offering and issuance of preferred shares by the fund.
|
(6)
|
Tax Fees represent tax advice and
compliance services provided in connection with the review of
the Funds tax returns.
|
J-1
Fiscal
Year End 2008 Audit and Other Fees
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-Audit Fees
|
|
|
|
|
Name of Fund
|
|
Fiscal Year-End
|
|
|
Audit Fees
|
|
|
Audit-Related
(2)
|
|
|
Tax
(5)
|
|
|
All Other
|
|
|
Total Non-Audit
|
|
|
Total
|
|
|
Advantage Municipal Income Trust II
|
|
|
10/31
|
|
|
$
|
37,945
|
|
|
$
|
415
|
|
|
$
|
2,750
|
|
|
$
|
0
|
|
|
$
|
3,165
|
|
|
$
|
41,110
|
|
California Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Massachusetts Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Municipal Opportunity Trust
|
|
|
10/31
|
|
|
|
37,945
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
41,110
|
|
Municipal Trust
|
|
|
10/31
|
|
|
|
37,945
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
41,110
|
|
Ohio Quality Municipal Trust
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Pennsylvania Value Municipal Income Trust
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Select Sector Municipal Trust
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Trust for Insured Municipals
|
|
|
10/31
|
|
|
|
37,945
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
41,110
|
|
Trust for Investment Grade Municipals
|
|
|
10/31
|
|
|
|
37,945
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
41,110
|
|
Trust for Investment Grade New Jersey Municipals
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Trust for Investment Grade New York Municipals
|
|
|
10/31
|
|
|
|
31,435
|
|
|
|
415
|
|
|
|
2,750
|
|
|
|
0
|
|
|
|
3,165
|
|
|
|
34,600
|
|
Senior Income Trust
|
|
|
7/31
|
|
|
|
82,830
|
|
|
|
17,850
|
(4)
|
|
|
3,250
|
|
|
|
0
|
|
|
|
21,100
|
|
|
|
103,930
|
|
Bond Fund
|
|
|
6/30
|
|
|
|
35,015
|
|
|
|
0
|
|
|
|
1,650
|
|
|
|
0
|
|
|
|
1,650
|
|
|
|
36,665
|
|
Dynamic Credit Opportunities Fund
|
|
|
7/31
|
|
|
|
81,255
|
|
|
|
0
|
|
|
|
3,000
|
|
|
|
0
|
|
|
|
3,000
|
|
|
|
84,255
|
|
Covered
Entities
(1)
|
|
|
|
|
|
|
N/A
|
|
|
|
215,000
|
|
|
|
0
|
|
|
|
0
|
|
|
|
215,000
|
|
|
|
215,000
|
|
N/A - Not applicable.
|
|
(1)
|
Covered Entities include the
Adviser (excluding sub-advisers) and any entity controlling,
controlled by or under common control with the Adviser that
provides ongoing services to the Funds.
|
(2)
|
Audit-Related Fees represent
assurance and related services provided that are reasonably
related to the performance of the audit of the financial
statements of the Covered Entities and funds advised by the
Adviser or its affiliates, specifically attestation services
provided in connection with a SAS 70 report.
|
(3)
|
Audit-Related Fees represent agreed
upon procedures provided that are reasonably related to the
performance of the audit of the financial statements of the fund.
|
(4)
|
Tax Fees represent tax advice and
compliance services provided in connection with the review of
the Funds tax returns.
|
J-2
Van
Kampen Funds Inc.
522 Fifth
Avenue
New
York, New York 10036
www.vankampen.com
Copyright
©
2009
Van Kampen Funds Inc.
All
rights reserved. Member FINRA/SIPC.
VKCL
09
VOTES
AS IN
THIS
EXAMPLE
FORM OF
PROXY
VAN KAMPEN XXXXX
TRUST
JOINT ANNUAL
MEETING OF SHAREHOLDERS
PROXY SOLICITED
ON BEHALF OF THE BOARD OF TRUSTEES
The
undersigned holder of Common Shares of VAN KAMPEN XXXXX TRUST, a
XXXXX business trust (the Fund), hereby appoints
XXXXX, XXXXX and XXXXX and each of them or their respective
designees, with full power of substitution and revocation, as
proxies to represent the undersigned at the Joint Annual Meeting
of Shareholders to be held at the offices of Van Kampen
Investments Inc., 1 Parkview Plaza, Oakbrook Terrace,
Illinois
60181-5555,
on Wednesday, June 17, 2009 at 10:00 a.m., and any and
all adjournments thereof (the Meeting), and thereat
to vote all XXXXX Shares which the undersigned would be
entitled to vote, with all powers the undersigned would possess
if personally present, in accordance with the instructions
indicated herein.
|
|
|
|
|
|
|
|
|
1.
|
|
Authority to vote for the election as Trustees, the nominees named below:
Class X Trustees: (01) XXXXX, (02) XXXXX (03) XXXXX and (04) XXXXX
|
|
FOR
ALL
o
|
|
WITHHOLD
o
|
|
FOR ALL
EXCEPT
o
|
|
|
|
|
|
|
|
|
|
|
|
To withhold authority to vote for any individual nominee,
check For All Except and write the nominees
name on the line below.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.
|
|
To transact such other business as may properly come before the
Meeting.
|
|
|
|
|
|
|
Important
Notice Regarding the Availability of Proxy Materials for the
Meeting of Shareholders to be held on June 17, 2009. The
following material is available at
https://www.proxy-direct.com/vkl20185:
Proxy
Statement
If
more than one of the proxies, or their substitutes, are present
at the Meeting or any adjournment thereof, they jointly (or, if
only one is present and voting then that one) shall have
authority and may exercise all powers granted hereby. This
Proxy, when properly executed, will be voted in accordance with
the instructions marked by the undersigned on the reverse side.
If no specification is made, this Proxy will be voted
FOR the proposal described herein and in the
discretion of the proxies upon such other business as may
properly come before the Meeting.
The
undersigned hereby acknowledges receipt of the accompanying
Notice of Meeting and Joint Proxy Statement for the Meeting to
be held on June 17, 2009.
|
|
|
|
|
PLEASE VOTE, DATE AND SIGN ON
REVERSE SIDE AND
RETURN PROMPTLY IN ENCLOSED ENVELOPE
|
|
|
|
|
|
|
|
HAS YOUR ADDRESS CHANGED?
|
|
|
|
Date
|
|
|
Shareholder signature
|
|
|
|
|
|
|
|
|
|
|
|
Date
|
|
|
Co-owner signature (if applicable)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Mark box at right if an address change has been noted on the
reverse side of this
card.
o
|
|
|
|
|
|
|
|
|
|
Please sign this Proxy exactly as your name or names appear on
the books of the Fund. When signing as attorney, trustee,
executor, administrator, custodian, guardian or corporate
officer, please give full title. If common shares are held
jointly, each holder must sign.
|
|
|
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