Invesco Announces Investment Policy and Name Changes for Invesco Van Kampen Trust for Insured Municipals

HOUSTON, Jan. 23, 2012 /PRNewswire/ -- The Board of Trustees (the "Board") of Invesco Van Kampen Trust for Insured Municipals (the "Fund") (Ticker: VIM) recently approved a change in the Fund's investment policy regarding investment in insured municipal securities to provide the Fund's investment adviser with more flexibility regarding the types of securities available for investment by the Fund. 

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The Fund's fundamental investment policy provides that under normal market conditions the Fund will invest at least 80% of its total assets in municipal securities. Effective today, the Fund is eliminating its existing non-fundamental investment policy requiring that it invest at least 80% of its net assets in municipal securities that are insured at the time of purchase by insurers whose claims-paying ability is rated 'A' or better by at least one nationally recognized statistical rating organization. Over the past few years, many municipal bond insurers have had their credit ratings downgraded, and only two insurers remain that are rated at least 'A,' only one of which is currently insuring new municipal bonds. As a result, the supply of insured municipal securities has decreased dramatically. 

In connection with the change in policy, the Fund's name has been changed to "Invesco Van Kampen Trust for Value Municipals."

Invesco Advisers, Inc. ("Invesco") and the Board believe that by eliminating this policy, Invesco will be better able to manage the Fund's portfolio in the best interests of Fund shareholders and to meet the Fund's investment objective.  The Fund is not changing its investment objective, which is to seek to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital, or its fundamental policy to invest at least 80% of its total assets in municipal securities. The Fund will continue to invest primarily in a portfolio of municipal securities. 

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

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

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

Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.

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SOURCE Invesco