Invesco and Invesco Van Kampen Closed-End Funds Announce $476.7 Million Placement of Private Offerings of Variable Rate Muni Term Preferred Shares and Redemptions of Auction Rate Preferred Shares at Par

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Invesco and Invesco Van Kampen Closed-End Funds Announce $476.7 Million Placement of Private Offerings of Variable Rate Muni Term Preferred Shares and Redemptions of Auction Rate Preferred Shares at Par

PR Newswire

ATLANTA, May 17, 2012 /PRNewswire/ -- Invesco Advisers, Inc. ("Invesco") announced today that each of the Invesco and Invesco Van Kampen closed-end funds listed below (the "Funds") has successfully priced and placed a private offering of Variable Rate Muni Term Preferred Shares ("VMTP") pursuant to an offering exempt from registration under the Securities Act of 1933.  The Funds have issued VMTP as follows:

(Logo: http://photos.prnewswire.com/prnh/20110131/MM39469LOGO-a )

Fund

NYSE
Ticker

VMTP Amount

Invesco Quality Municipal Income Trust

IQI

$116,800,000

Invesco Quality Municipal Investment Trust

IQT

$51,800,000

Invesco Quality Municipal Securities

IQM

$45,300,000

Invesco Van Kampen Massachusetts Value Municipal Income Trust

VMV

$14,900,000

Invesco Van Kampen Municipal Trust

VKQ

$178,700,000

Invesco Van Kampen Ohio Quality Municipal Trust

VOQ

$28,300,000

Invesco Van Kampen Trust for Investment Grade New Jersey Municipals

VTJ

$40,900,000

Each Fund plans to redeem all of its outstanding auction rate preferred shares ("ARPS") at their respective liquidation preferences (sometimes referred to as "at par"), together with accrued and unpaid dividends, if any, to the redemption date.  These redemptions are anticipated to be funded with cash and proceeds received from the issuance of VMTP. 

ARPS Redemption Schedule

Invesco Quality Municipal Income Trust IQI

Series

CUSIP Number

# of Shares
Redeemed

Amount 
Redeemed

Redemption
Date

1

461-33G-206

629

$31,450,000

June 20, 2012

2

461-33G-305

225

$11,250,000

June 21, 2012

3

461-33G-404

629

$31,450,000

June 21, 2012

4

461-33G-503

629

$31,450,000

June 21, 2012

5

461-33G-602

225

$11,250,000

June 22, 2012

Invesco Quality Municipal Investment Trust IQT

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

A

461-33H-204

691

$34,550,000

June 20, 2012

B

461-33H-303

346

$17,300,000

June 22, 2012

Invesco Quality Municipal Securities IQM

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

1

461-33J-200

159

$7,950,000

June 19, 2012

2

461-33J-309

140

$7,000,000

June 20, 2012

3

461-33J-408

140

$7,000,000

June 21, 2012

4

461-33J-507

280

$14,000,000

June 19, 2012

5

461-33J-606

187

$9,350,000

June 19, 2012

Invesco Van Kampen Massachusetts Value Municipal Income Trust VMV

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

F7

461-32J-201

598

$14,950,000

May 24, 2012

Invesco Van Kampen Municipal Trust VKQ

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

A

461-31J-202

1650

$41,250,000

May 24, 2012

B

461-31J-301

1650

$41,250,000

June 4, 2012

C

461-31J-400

1650

$41,250,000

May 29, 2012

D

461-31J-509

1650

$41,250,000

May 30, 2012

E

461-31J-608

550

$13,750,000

May 25, 2012

Invesco Van Kampen Ohio Quality Municipal Trust VOQ

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

A

461-31K-209

792

$19,800,000

June 13, 2012

B

461-31K-308

340

$8,500,000

May 24, 2012

Invesco Van Kampen Trust for Investment Grade New Jersey Municipals VTJ

Series

CUSIP Number

# of Shares
Redeemed

Amount
Redeemed

Redemption
Date

T7

461-31R-204

1639

$40,975,000

May 31, 2012

Invesco will keep market participants and shareholders informed of any material developments with the Funds via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.

This information does not constitute an offer for sale of any securities or a solicitation of any proxy.

For more information, call 1-800-341-2929.

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

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

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

SOURCE Invesco

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