The Van Kampen Municipal Closed-End Funds (“Funds”) listed below
hereby announce the dates for the partial redemptions of their
respective preferred shares. The announced partial redemptions
total approximately $99 million of the total outstanding preferred
shares issued by the Funds.
This is the third redemption announcement since the August 18,
2008 press release in which Van Kampen provided information
regarding additional refinancing of a portion of the Funds’
preferred shares with the use of tender option bonds (TOBs). In
light of the continued failed auctions, each Fund’s Board of
Trustees approved the use of TOBs as a replacement source of
leverage. In the previous announcements dated May 1, 2009 and June
9, 2009, Van Kampen announced the redemption of approximately $120
million and $24 million, respectively, of the total outstanding
preferred shares issued by the Funds.
The amount of preferred shares being redeemed at this time
equates to approximately 5 percent of the original shares issued
for each Fund. This partial redemption affects seven of the Firms’
closed-end municipal funds.
With respect to this partial redemption, The Depository Trust
Company (DTC), the securities’ holder of record, will determine how
the partial series redemptions will be allocated among each
participant broker-dealer account. Each participant broker-dealer,
as nominee for underlying beneficial owners (street name
shareholders), in turn will determine how redeemed shares are to be
allocated among its underlying beneficial owners. The procedures
used by various broker-dealers to allocate redeemed shares among
beneficial owners may differ from each other as well as from the
procedures used by DTC.
Redemption Schedule
Van Kampen Advantage Municipal
Income Trust II (NYSE: VKI)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 921-12K-206 80
$ 2,000,000 October 23, 2009 B 921-12K-305
80 $ 2,000,000 October 19, 2009 C
921-12K-404 80 $ 2,000,000
October 23, 2009 D 921-12K-503 80 $ 2,000,000
October 22, 2009 E 921-12K-602 70
$ 1,750,000 October 19, 2009 F
921-12K-701 100 $ 2,500,000 October 21,
2009 G 921-12K-800 100 $ 2,500,000
November 16, 2009 H 921-12K-883 100 $
2,500,000 November 9, 2009 I 921-12K-875
100 $ 2,500,000 November 23, 2009 J
921-12K-867 50 $ 1,250,000
October 20, 2009
Van Kampen Municipal Opportunity
Trust (NYSE:VMO)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 920-935-202 150
$ 3,750,000 November 6, 2009 B
920-935-301 150 $ 3,750,000 November 4,
2009 C 920-935-400 100 $ 2,500,000
November 18, 2009 D 920-935-509 100 $
2,500,000 November 4, 2009 E 920-935-608
100 $ 2,500,000 November 13, 2009 F
920-935-707 80 $ 2,000,000
November 18, 2009
Van Kampen Municipal Trust
(NYSE:VKQ)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 920-919-206 150
$ 3,750,000 October 23, 2009 B
920-919-305 150 $ 3,750,000 November
23, 2009 C 920-919-404 150 $ 3,750,000
October 20, 2009 D 920-919-503 150 $
3,750,000 November 18, 2009 E 920-919-602
50 $ 1,250,000 November 16, 2009
Van Kampen Select Sector Municipal
Trust (NYSE:VKL)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 921-12M-202 34 $
850,000 October 16, 2009 B 921-12M-301 34
$ 850,000 November 27, 2009 C 921-12M-400
100 $ 2,500,000 November 10, 2009 D
921-12M-509 90 $ 2,250,000 November 12, 2009
Van Kampen Trust for Insured
Municipals (NYSE:VIM)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 920-928-207 90 $
2,250,000 November 24, 2009 B 920-928-306 90
$ 2,250,000 November 23, 2009
Van Kampen Trust for Investment
Grade Municipals (NYSE:VGM)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 920-929-205 150 $
3,750,000 November 19, 2009 B 920-929-304 150
$ 3,750,000 November 25, 2009 C 920-929-403
150 $ 3,750,000 November 3, 2009 D
920-929-502 80 $ 2,000,000 November 6, 2009 E
920-929-601 110 $ 2,750,000 November
19, 2009 F 920-929-700 110 $ 2,750,000
November 25, 2009 G 920-929-809 110 $
2,750,000 November 5, 2009 H 920-929-882 112
$ 2,800,000 November 3, 2009 I 920-929-874
100 $ 2,500,000 November 23, 2009
Van Kampen Trust for Investment
Grade New York Municipals (NYSE:VTN)
Series CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption Date A 920-931-201 120 $
3,000,000 November 17, 2009 B 920-931-300 90
$ 2,250,000 November 20, 2009 C 920-931-409
80 $ 2,000,000 October 20, 2009
Van Kampen Asset Management, the Funds' investment adviser, is a
wholly owned subsidiary of Van Kampen Investments Inc. (“Van
Kampen”). Van Kampen is one of the nation’s largest investment
management companies, with approximately $86 billion in assets
under management or supervision, as of June 30, 2009. With roots in
money management dating back to 1927, Van Kampen has helped nearly
four generations of investors achieve their financial goals. For
more information, visit Van Kampen’s website at
www.vankampen.com.
# # #
Copyright ©2009 Van Kampen Funds Inc.
All Rights Reserved. Member FINRA/SIPC.
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