Invesco Advisers, Inc. announced that each of the Invesco Van Kampen closed-end funds listed below has received a demand letter from a law firm on behalf of such fund's common shareholders, and that each of the funds has had or may have a complaint filed against it related to the allegations in the demand letter.

The demand letters and the complaints received allege breaches of fiduciary duties owed to the fund's common shareholders related to the fund's redemption of auction rate preferred shares (ARPS). The demand letters and complaints are similar to other demand letters and complaints recently filed against investment advisers, officers and trustees of closed-end funds in other fund complexes.

The Boards of Trustees of the funds are evaluating the demand letters and the complaints and have established a special committee of independent trustees to conduct an inquiry regarding the allegations. At this time, the funds have agreed not to redeem any ARPS without first giving plaintiffs at least 30 days' notice prior to the proposed redemption date.

The Funds are as follows:

  • Invesco Van Kampen Advantage Municipal Income Trust II (VKI)
  • Invesco Van Kampen High Income Trust II (VLT)
  • Invesco Van Kampen Municipal Opportunity Trust (VMO)
  • Invesco Van Kampen Municipal Trust (VKQ)
  • Invesco Van Kampen Senior Income Trust (VVR)
  • Invesco Van Kampen Trust for Investment Grade Municipals (VGM)

Investing involves risk and it is possible to lose money on any investment in the funds.

About Invesco

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.’s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd.

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