-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DvUiPDNRJguJmdOeUmwcV9Xx6lpRcPTOq3QP1rNV37giYcJupgrOvNeE4RXSx0Jr jq9eq6LiMqa2OOFKpAfdvw== 0000845606-04-000002.txt : 20040429 0000845606-04-000002.hdr.sgml : 20040429 20040429110943 ACCESSION NUMBER: 0000845606-04-000002 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040526 FILED AS OF DATE: 20040429 EFFECTIVENESS DATE: 20040429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000847411 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05785 FILM NUMBER: 04763072 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INTERMARKET INCOME TRUST I CENTRAL INDEX KEY: 0000853770 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05851 FILM NUMBER: 04763074 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL MUNICIPAL INCOME TRUST CENTRAL INDEX KEY: 0000809844 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-04992 FILM NUMBER: 04763071 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INTERMEDIATE HIGH INCOME FUND CENTRAL INDEX KEY: 0000833021 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05567 FILM NUMBER: 04763073 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CNTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL HIGH INCOME MUNICIPAL TRUST CENTRAL INDEX KEY: 0000845606 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-05754 FILM NUMBER: 04763067 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092895 IRS NUMBER: 043483816 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09533 FILM NUMBER: 04763070 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL CALIFORNIA INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092896 IRS NUMBER: 043483817 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09537 FILM NUMBER: 04763069 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER CALIFORNIA MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL NEW YORK INSURED MUNICIPAL FUND CENTRAL INDEX KEY: 0001092897 IRS NUMBER: 043483819 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 811-09539 FILM NUMBER: 04763068 BUSINESS ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6179517000 MAIL ADDRESS: STREET 1: C/O ROPES & GRAY STREET 2: ONE INTERNATIONAL PLACE CITY: BOSTON STATE: MA ZIP: 02110 FORMER COMPANY: FORMER CONFORMED NAME: PREMIER NEW YORK MUNICIPAL INCOME FUND DATE OF NAME CHANGE: 19990809 DEF 14A 1 colonial.txt COLONIAL CLOSED END PROXY SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant [ X ] Filed by a Party other than the Registrant [ ] Check the appropriate box: [ ] Preliminary Proxy Statement [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Sec. 240.14a-11(c) or Sec. 240.14a-12 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INSURED MUNICIPAL FUND COLONIAL INTERMEDIATE HIGH INCOME FUND COLONIAL INTERMARKET INCOME TRUST I COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL MUNICIPAL INCOME TRUST COLONIAL NEW YORK INSURED MUNICIPAL FUND ________________________________________________ (Name of Registrant as Specified In Its Charter) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: [ ] Fee paid previously with preliminary materials: [ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INSURED MUNICIPAL FUND COLONIAL INTERMARKET INCOME TRUST I COLONIAL INTERMEDIATE HIGH INCOME FUND COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL MUNICIPAL INCOME TRUST COLONIAL NEW YORK INSURED MUNICIPAL FUND (EACH, A "FUND"; COLLECTIVELY, THE "FUNDS") ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111-2621 (617) 426-3750 NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS MAY 26, 2004 To the Shareholders of the Funds: NOTICE IS HEREBY GIVEN that the Annual Meetings of Shareholders of the Funds (the "Meeting") will be held at the offices of the Funds at One Financial Center, Boston, Massachusetts, on May 26, 2004, at 10:00 a.m. Boston time. The purpose of the Meeting is to consider and act upon the following matters: 1. To elect Trustees of the Funds as outlined below: (a) Colonial High Income Municipal Trust: (i) Five Trustees to be elected by the holders of common shares of beneficial interest, no par value (the "Common Shares") and Municipal Auction Rate Cumulative Preferred Shares (the "Preferred Shares") of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (b) Colonial Investment Grade Municipal Trust: (i) Five Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. G-60/723R-0404 (c) Colonial InterMarket Income Trust I: Four Trustees to be elected by the holders of shares of beneficial interest of the Fund. (d) Colonial California Insured Municipal Fund: (i) Five Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (e) Colonial Insured Municipal Fund: (i) Five Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (f) Colonial New York Insured Municipal Fund: (i) Five Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (g) Colonial Municipal Income Trust: (i) Five Trustees to be elected by the holders of Common Shares and Preferred Shares of the Fund, voting together as a single class; and (ii) Two Trustees to be elected by the holders of Preferred Shares only, voting as a single class. (h) Colonial Intermediate High Income Fund: Five Trustees to be elected by the holders of shares of beneficial interest of the Fund. 2. To transact such other business as may properly come before the Meeting and any adjourned session of the Meeting. The Boards of Trustees have fixed the close of business on March 10, 2004, as the record date for the determination of the shareholders of the Funds entitled to notice of, and to vote at, the Meeting and any adjournments thereof. YOUR BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE FOR ALL OF THE PROPOSALS. By order of the Boards of Trustees, David A. Rozenson Secretary of the Funds YOUR VOTE IS IMPORTANT -- PLEASE RETURN YOUR PROXY PROMPTLY. You are cordially invited to attend the Meeting. We urge you, whether or not you expect to attend the Meeting in person, to indicate your voting instructions on the enclosed proxy, date and sign it, and return it in the envelope provided, which needs no postage if mailed in the United States. We ask your cooperation in mailing your proxy promptly. April 28, 2004 PROXY STATEMENT COLONIAL CALIFORNIA INSURED MUNICIPAL FUND (CCAIMF) COLONIAL HIGH INCOME MUNICIPAL TRUST (CHIMT) COLONIAL INSURED MUNICIPAL FUND (CIMF) COLONIAL INTERMARKET INCOME TRUST I (CIITI) COLONIAL INTERMEDIATE HIGH INCOME FUND (CIHIF) COLONIAL INVESTMENT GRADE MUNICIPAL TRUST (CIGMT) COLONIAL MUNICIPAL INCOME TRUST (CMIT) COLONIAL NEW YORK INSURED MUNICIPAL FUND (CNYIMF) ANNUAL MEETINGS OF SHAREHOLDERS MAY 26, 2004 This Proxy Statement is furnished in connection with the solicitation of proxies on behalf of the Boards of Trustees of the Funds to be used at the Annual Meetings of Shareholders of the Funds to be held at the offices of the Funds at One Financial Center, Boston, Massachusetts, on May 26, 2004, at 10:00 a.m. Boston time and at any adjournments thereof (such meetings and any adjournments being referred to as the "Meeting"). The solicitation of proxies for use at the Meeting is being made primarily by the mailing on or about April 28, 2004, of the Notice of Annual Meetings, this Proxy Statement and the accompanying proxy cards. Supplementary solicitations may be made by mail, telephone, or personal interview by officers and Trustees of the Funds and officers and employees of the Funds' investment advisor, Columbia Management Advisors, Inc. ("Columbia" or the "Adviser") and/or its affiliates. Columbia is located at One Financial Center, Boston, Massachusetts 02111-2621. Authorization to execute proxies may be obtained from shareholders through instructions transmitted by telephone or facsimile. The expenses incurred in connection with preparing this Proxy Statement and soliciting proxies for the Meeting will be paid by the Funds. The Funds will reimburse brokerage firms and others for their expenses in forwarding solicitation material to the beneficial owners of shares. The Meeting is being held to vote on the matters described below. 1 PROPOSAL 1. ELECTION OF TRUSTEES 1.(A) COLONIAL HIGH INCOME MUNICIPAL TRUST Messrs. Mayer, Nelson, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Messrs. Mayer, Nelson and Theobald will each serve for three years and Messrs Simpson and Woolworth will each serve for one year or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Mr. Lowry Ms. Kelly Mr. Mayer Mr. Neuhauser Ms. Verville Mr. Nelson Mr. Simpson Mr. Theobald Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Messrs. Mayer, Nelson, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(B) COLONIAL INVESTMENT GRADE MUNICIPAL TRUST Messrs. Mayer, Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, 2 voting together as a single class. Messrs. Mayer, Neuhauser, Theobald and Woolworth will each serve for three years and Mr. Simpson will serve for two years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Mr. Lowry Ms. Kelly Mr. Mayer Mr. Nelson Mr. Simpson Mr. Neuhauser Ms. Verville Mr. Theobald Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Messrs. Mayer, Neuhauser, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(C) COLONIAL INTERMARKET INCOME TRUST I Messrs. Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund. Messrs. Neuhauser, Theobald and Woolworth will each serve for three years and Mr. Simpson will serve for two years or until a successor is elected. 3 The Board of Trustees is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Mr. Lowry Mr. Hacker Mr. Neuhauser Mr. Mayer Ms. Kelly Mr. Theobald Mr. Stitzel Mr. Nelson Mr. Woolworth Ms. Verville Mr. Simpson
REQUIRED VOTE The affirmative vote of a plurality of the holders of shares of beneficial interest of the Fund, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(D) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Ms. Verville and Messrs. Neuhauser and Theobald will each serve for three years or until a successor is elected. Mr. Simpson will serve for one year and Mr. Woolworth will serve for two years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Ms. Kelly Mr. Lowry Mr. Neuhauser Mr. Simpson Mr. Mayer Mr. Theobald Mr. Nelson Ms. Verville Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. 4 REQUIRED VOTE With respect to Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(E) COLONIAL INSURED MUNICIPAL FUND Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Ms. Verville and Messrs. Neuhauser and Theobald will each serve for three years or until a successor is elected. Mr. Simpson will serve for one year and Mr. Woolworth will serve for two years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Ms. Kelly Mr. Lowry Mr. Neuhauser Mr. Simpson Mr. Mayer Mr. Theobald Mr. Nelson Ms. Verville Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and 5 Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(F) COLONIAL NEW YORK INSURED MUNICIPAL FUND Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Ms. Verville and Messrs. Neuhauser and Theobald will each serve for three years or until a successor is elected. Mr. Simpson will serve for one year and Mr. Woolworth will serve for two years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Ms. Kelly Mr. Lowry Mr. Neuhauser Mr. Simpson Mr. Mayer Mr. Theobald Mr. Nelson Ms. Verville Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Ms. Verville and Messrs. Neuhauser, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(G) COLONIAL MUNICIPAL INCOME TRUST Messrs. Lowry, Neuhauser, Simpson, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund and 6 are to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class. Messrs. Lowry, Neuhauser and Theobald will each serve for three years or until a successor is elected. Messrs. Simpson and Woolworth will each serve for two years or until a successor is elected. Messrs. Hacker and Stitzel (who have each agreed to serve) are proposed for election as Trustees of the Fund and are to be elected by the holders of Preferred Shares only, voting as a single class. The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Mr. Mayer Ms. Kelly Mr. Lowry Ms. Verville Mr. Nelson Mr. Neuhauser Mr. Woolworth Mr. Simpson Mr. Theobald
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of Preferred Shares of the Fund. REQUIRED VOTE With respect to Messrs. Lowry, Neuhauser, Simpson, Theobald and Woolworth, the affirmative vote of a plurality of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the Meeting in person or by proxy, is required for the election of each such Trustee. With respect to the election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders of Preferred Shares, present at the Meeting in person or by proxy, is required for the election of each such Trustee. 1.(H) COLONIAL INTERMEDIATE HIGH INCOME FUND Ms. Verville and Messrs. Simpson, Stitzel, Theobald and Woolworth (who have each agreed to serve) are proposed for election as Trustees of the Fund. Ms. Verville and Messrs Simpson, Stitzel and Theobald will each serve for three years or until a successor is elected. Mr. Woolworth will serve for one year or until a successor is elected. 7 The Board of Trustees is divided into the following three classes, each with a term expiring in the year indicated (assuming the persons listed above are elected at the Meeting):
2005 2006 2007 - ---- ---- ---- Mr. Lowry Mr. Hacker Mr. Stitzel Mr. Mayer Ms. Kelly Mr. Theobald Mr. Nelson Mr. Neuhauser Mr. Simpson Mr. Woolworth Ms. Verville
REQUIRED VOTE The affirmative vote of a plurality of the holders of shares of beneficial interest of the Fund present at the Meeting in person or by proxy is required for the election of each such Trustee. FOR INFORMATION REGARDING THE BOARD OF TRUSTEES AND EXECUTIVE OFFICERS OF YOUR FUND, SEE APPENDIX A TO THIS PROXY STATEMENT. TRUSTEES' COMPENSATION The members of each Fund's Board of Trustees also serve as Trustees on the boards for all other funds within the "Funds Complex." As of December 31, 2003, the Funds Complex consisted of 107 open-end funds and 15 closed-end management investment company portfolios. Two-thirds of the Trustees' fees are allocated among the funds within the Funds Complex based on the relative net assets of each fund and one-third of the fees is divided equally among the funds within the Funds Complex. FOR MORE INFORMATION REGARDING THE COMPENSATION OF THE TRUSTEES, SEE APPENDIX B.1 AND APPENDIX B.2 TO THIS PROXY STATEMENT. SHAREHOLDER COMMUNICATIONS Shareholders may communicate with the Trustees as a group or individually. Any such communications should be sent to a Fund's Board or an individual Trustee in writing, c/o the Secretary of the Funds, One Financial Center, Boston, MA 02111-2621. The Secretary may determine not to forward any letter to the Board or a Trustee that does not relate to the business of a Fund. 8 TRUSTEE SHARE OWNERSHIP The table in Appendix C shows, as of December 31, 2003, the dollar range of equity securities beneficially owned by each Trustee (i) in each of the Funds, and (ii) in all funds overseen by the Trustee in the Funds Complex. TRUSTEES' MEETINGS AND COMMITTEES The Board of Trustees of each Fund (the "Board") is responsible for the overall management and supervision of that Fund's affairs and for protecting the interests of the Fund's shareholders. For the fiscal year ended October 31, 2003, CIHIF held 7 meetings (6 regular joint Board meetings and 1 special joint Board meetings). (CIHIF has since changed its fiscal year end to November 30.) For the fiscal year ended November 30, 2003, each other Fund held 8 meetings (6 regular joint Board meetings and 2 special joint Board meetings). The Funds do not have a formal policy on Trustee attendance at the annual meetings of shareholders, but encourage such attendance. One Trustee attended the Funds' 2003 annual meetings. The Board has created several committees to perform specific functions on behalf of the Funds. The members of each committee, along with a description of each committee's functions, appear below, followed by a table that sets forth the number of meetings held by the Board and each committee during the last fiscal year. 1. AUDIT COMMITTEE Each Fund has an Audit Committee (the "Audit Committee") comprised of only "Independent Trustees" (as defined in the listing standards of the New York Stock Exchange ("NYSE") and the American Stock Exchange ("AMEX")), who are also not "interested persons" (as defined in the Investment Company Act of 1940, as amended ("1940 Act")) of any Fund. Each member of the Audit Committee must be financially literate and at least one member must have prior accounting experience or related financial management expertise. The Board has determined, in accordance with applicable regulations of the NYSE and AMEX, that each member of the Audit Committee is financially literate and has prior accounting experience or related financial management expertise. On February 10, 2004, the Audit Committee adopted a revised written charter which sets forth the Audit Committee's structure, duties and powers, and methods of operation. A copy of the revised Audit Committee Charter is attached as Appendix F. The Audit Committee serves as an independent and objective party to monitor the Funds' accounting policies, financial reporting and internal control systems and the work of the Funds' 9 independent auditors. The Audit Committee also serves to provide an open avenue of communication between the independent accountants, Columbia's internal accounting staff and the Board. The principal functions of the Audit Committee are to assist Board oversight of: (1) the integrity of each Fund's financial statements, (2) each Fund's compliance with legal and regulatory requirements, (3) the independent accountants' qualifications and independence, (4) the performance of the Adviser's internal audit function, and (5) the independent accountants. The Audit Committee is directly responsible for the appointment, compensation, retention and oversight of the work of the independent accountants (including the resolution of disagreements between management and the independent accountants regarding financial reporting) for the purpose of preparing or issuing an audit report or performing other review or attest services for the Funds. AUDIT COMMITTEE REPORT At a meeting of the Audit Committees on January 12, 2004, the Audit Committees: (i) reviewed and discussed with management the Funds' audited financial statements for the most recently completed fiscal year and (ii) discussed with PricewaterhouseCoopers LLP ("PwC"), the Funds' independent accountants, the matters required to be discussed by Statement on Auditing Standards No. 61 and other professional standards and regulatory requirements. At a meeting of the Audit Committees on February 10, 2004, the Audit Committees obtained from PwC a formal written statement consistent with Independence Standards Board Standard No. 1, "Independence Discussions with Audit Committees," describing all relationships between the independent accountants and the Funds that might bear on the independent accountants' independence and discussed with PwC any relationships that may impact its objectivity and independence and satisfied itself as to the independent accountants' independence. Based on its review and discussion, the Audit Committee recommended to the Board that the audited financial statements for each Fund be included in that Fund's Annual Report to shareholders. The Funds' Audit Committee members are Ms. Verville and Messrs. Hacker, Stitzel and Woolworth. Based on the recommendation from the Audit Committee and on its own review, the Board selected PwC as independent accountants for the Funds for the fiscal year ending November 30, 2004. Representatives of PwC are not expected to be at the Meeting, but have been given the opportunity to make a statement if they so desire and will be available should any matter arise requiring their presence. 10 2. GOVERNANCE COMMITTEE Messrs. Lowry, Mayer, Simpson and Theobald are members of the Governance Committee of each Fund. The Funds have no nominating or compensation committee. The Governance Committee performs certain of the functions typically performed by these committees. Among other things, the Governance Committee recommends to the Board nominees for Trustee and nominees for appointment to various committees; performs periodic evaluations of the effectiveness of the Board; reviews and recommends to the Board policies and practices to be followed in carrying out the Trustees' duties and responsibilities; and reviews and makes recommendations to the Board regarding the compensation of the Trustees who are not affiliated with Columbia. The Governance Committee has not adopted a Charter. The Funds have no nominating or compensation committee. Three of the four Governance Committee members, Messrs. Lowry, Simpson and Theobald, who are "Independent Trustees" (as defined in the NYSE and AMEX listing standards) and are not "interested persons" (as defined in the 1940 Act) of any Fund ("Governance Committee Independent Trustees"), participate in the consideration, selection and nomination of Trustees. The Governance Committee Independent Trustees will consider candidates for Trustee identified by any reasonable source, including current Independent Trustees, Fund management, Fund shareholders and other persons or entities. Shareholders of a Fund who wish to nominate a candidate to a Fund's Board may send information regarding prospective candidates to the Governance Committee, in care of the relevant Fund, at One Financial Center, Boston, MA 02111-2621. The information should include evidence of the shareholders' Fund ownership, a full listing of the proposed candidate's education, experience, current employment, date of birth, names and addresses of at least three professional references, information as to whether the candidate is not an "interested person" under the 1940 Act and "independent" under NYSE and AMEX listing standards in relation to the Fund, and such other information as may be helpful to the Governance Committee Independent Trustees in evaluating the candidate. All satisfactorily completed information packages regarding a candidate will be forwarded to a member of the Governance Committee for consideration. Recommendations for candidates will be evaluated in light of whether the number of Trustees of a Fund is expected to be increased and anticipated vacancies. All nominations from Fund shareholders will be considered. There may be times when the Governance Committee is not recruiting new Board members. In that case, shareholder recommendations will be maintained on file pending the active recruitment of Trustees. 11 When considering candidates for Trustee. However, the Governance Committee Independent Trustees consider, among other things, whether prospective nominees have distinguished records in their primary careers, personal and professional integrity, and substantive knowledge in areas important to the Board's operations, such as background or education in finance, auditing, securities law, the workings of the securities markets, or investment advice. For candidates to serve as Independent Trustees, independence from the Funds' investment adviser, its affiliates and other principal service providers is critical, as is an independent and questioning mind-set. In each case, the Governance Committee Independent Trustees will evaluate whether a candidate is an "interested person" under the 1940 Act and "independent" under NYSE and AMEX listing standards. The Governance Committee Independent Trustees also consider whether a prospective candidate's workload would be consistent with regular attendance at Board meetings and would allow him or her to be available for service on Board committees, and devote the additional time and effort necessary to stay apprised of Board matters and the rapidly changing regulatory environment in which the Funds operate. Different substantive areas may assume greater or lesser significance at particular times, in light of a Board's present composition and its perceptions about future issues and needs. The Governance Committee Independent Trustees initially evaluate prospective candidates on the basis of their resumes, considered in light of the criteria discussed above. Those prospective candidates that appear likely to be able to fill a significant need of the Board would be contacted by a Governance Committee Independent Trustee by telephone to discuss the position; if there appeared to be sufficient interest, an in-person meeting with one or more of the Governance Committee Independent Trustees would be arranged. If a Governance Committee Independent Trustee, based on the results of these contacts, believes he or she has identified a viable candidate, he or she would air the matter with the other Governance Committee Independent Trustees for input. Any request by Fund management to meet with the prospective candidate would be given appropriate consideration. The Funds have not paid a fee to third parties to assist in finding nominees. 3. ADVISORY FEES & EXPENSES COMMITTEE Ms. Kelly and Messrs. Mayer, Nelson and Neuhauser are members of the Advisory Fees & Expenses Committee of each Fund. The Advisory Fees & Expenses Committee's functions include reviewing and making recommendations to the Board as to contracts requiring approval of a 12 majority of the disinterested Trustees and as to any other contracts that may be referred to the committee by the Board.
NUMBER OF CCAIMF, CHIMT, CIMF, CIITI, CIGMT, CMIT, NUMBER OF CIHIF CNYIMF MEETINGS MEETINGS FOR FISCAL FOR FISCAL YEAR YEAR ENDED ENDED OCTOBER 31, 2003 NOVEMBER 30, 2003 ------------------- ----------------- Board of Trustees 7 8 Audit Committee 10 10 Governance Committee 5 5 Advisory Fees & Expenses Committee 5 5
AUDIT COMMITTEE PRE-APPROVAL OF INDEPENDENT ACCOUNTANT SERVICES Effective May 6, 2003, the Audit Committee is required to pre-approve the engagement of the Funds' independent accountants to provide audit and non-audit services to each Fund and non-audit services to Columbia (not including any subadviser whose role is primarily portfolio management and is contracted with or overseen by another investment adviser) or any entity controlling, controlled by or under common control with Columbia that provides ongoing services to the Funds ("Columbia Affiliate"), if the engagement relates directly to the operations or financial reporting of the Funds. The engagement may be entered into pursuant to pre-approval policies and procedures established by the Audit Committee. The Funds' Audit Committee has adopted an Audit and Non-Audit Services Pre-Approval Policy ("Policy") for the pre-approval of audit and non-audit services provided to each Fund and non-audit services provided to Columbia and Columbia Affiliates, if the engagement relates directly to the operations or financial reporting of the Funds. The Policy sets forth the procedures and conditions pursuant to which services to be performed by the Funds' independent accountants are to be pre-approved. Unless a type of service receives general pre-approval under the Policy, it requires specific pre-approval by the Audit Committee if it is to be provided by the independent accountants. The Policy provides for the general pre-approval by the Audit Committee of certain: (i) audit services to the Funds; (ii) audit-related services to the Funds; (iii) tax services to the Funds; (iv) other services to the Funds; and (v) Fund-related services to Columbia Affiliates. The Policy requires the Fund Treasurer and/or Director of Trustee Administration to submit to the 13 Audit Committee, at least annually, a schedule of the types of services that are subject to general pre-approval. The schedule(s) must provide a description of each type of service that is subject to general pre-approval and, where possible, will provide projected fee caps for each instance of providing each service. The general pre-approval and related fees will cover the period from July 1 through June 30 of the following year. At least annually, the Audit Committee will review and approve the types of services and review the projected fees for the next year, and may add to, or subtract from, the list of pre-approved services from time to time, based on subsequent determinations. In addition to the fees for each individual service, the Audit Committee has the authority to implement a fee cap on the aggregate amount of non-audit services provided to an individual Fund. The fee amounts listed on the schedules will be updated to the extent necessary at each of the other regularly scheduled meetings of the Audit Committee. FEES PAID TO INDEPENDENT ACCOUNTANTS The following table sets forth the aggregate fees billed by PwC for each Fund's last two fiscal years for professional services rendered for (i) audit services, including the audit of each Fund's financial statements and services normally provided in connection with statutory and regulatory filings or engagements for those fiscal years; (ii) audit-related services associated with the review of the Funds' semi-annual financial statements, and, for all Funds other than CIITI and CIHIF, procedures relating to reports required by rating agencies; (iii) tax services and, primarily, reviews of Fund tax returns; and (iv) other services. CIHIF audit-related fees reported in 2002 also include amounts paid for procedures relating to reports required by lending entities. Please note that the table includes amounts related to non-audit services that would have been subject to pre-approval if SEC rules relating to the pre-approval of non-audit services had been in effect at that time. All of the audit fees, audit-related fees, tax fees and other fees billed by PwC for services provided to the Funds in the fiscal years ended October 31, 2003 and November 30, 2003 were pre-approved by the Audit Committee. There were no amounts (including amounts related to non-audit services provided prior to May 6, 2003 that would have been subject to pre-approval if the requirement to pre-approve non-audit services had been in effect) that were approved by the Audit Committee pursuant to the de minimis exception for the fiscal years ended October 31, 2003 and November 30, 2003. 14 There were no amounts billed by PwC in the fiscal years ended October 31, 2003 and November 30, 2003 for audit-related services, tax services or other services provided to Columbia or Columbia Affiliates for engagements that related directly to the operations or financial reporting of the Funds. Accordingly, there were no amounts (including amounts related to non-audit services provided prior to May 6, 2003 that would have been subject to pre-approval if the requirement to pre-approve non-audit services had been in effect) that were approved by the Audit Committee pursuant to the de minimis exception with respect to Columbia or Columbia Affiliates for engagements that related directly to the operations or financial reporting of the Funds.
AUDIT AUDIT-RELATED TAX ALL OTHER FEES FEES FEES FEES ------- ------------- ------ --------- CCAIMF 2002 $22,780 $8,500 $3,300 $0 2003 $23,610 $7,400 $3,371 $0 CHIMT 2002 $27,475 $8,500 $2,500 $0 2003 $28,460 $7,400 $3,071 $0 CIMF 2002 $22,780 $8,500 $3,300 $0 2003 $23,610 $7,400 $3,371 $0 CIITI 2002 $29,355 $2,000 $2,300 $0 2003 $30,220 $4,000 $2,500 $0 CIHIF(1) 2002 $34,190 $3,500 $2,500 $0 2003 $34,970 $4,000 $2,600 $0 CIGMT 2002 $23,645 $8,500 $3,000 $0 2003 $24,490 $7,400 $3,071 $0 CMIT 2002 $27,475 $8,500 $3,000 $0 2003 $28,460 $7,400 $3,071 $0 CNYIMF 2002 $22,780 $8,500 $3,300 $0 2003 $23,610 $7,400 $3,371 $0
- --------------- (1) Colonial Intermediate High Income Fund amounts are for the fiscal years ended October 31, 2003 and October 31, 2002. The Fund changed its year-end to November 30, 2003 and fees for that period are as follows: Audit, $17,485; Audit-Related, $0; Tax, $2,600; All Other, $0. The aggregate amount of fees paid for non-audit services billed to the Funds, Columbia and Columbia Affiliates was $79,700 in the fiscal year ended November 30, 2002 (October 31, 2002 for CIHIF) and $76,826 for the fiscal year ended November 30, 2003 (October 31, 2003 for CIHIF). The Audit Committee has determined that the provision of the services described above is compatible with maintaining the independence of PwC. 15 MANAGEMENT Columbia, located at One Financial Center, Boston, MA 02111, is the Funds' investment adviser. Columbia is a wholly owned subsidiary of Columbia Management Group, Inc., ("CMG"), which is a wholly owned subsidiary of Fleet National Bank, a national banking association, which in turn is a wholly owned subsidiary of FleetBoston, a U.S. financial holding company. On April 1, 2004, FleetBoston Financial Corporation was acquired by Bank of America Corporation. As a result of this acquisition, CMA and CFDI are now indirect wholly-owned subsidiaries of Bank of America Corporation. Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations and institutions with a full range of banking, investing, asset management and other financial and risk management products and services. CMG is located at One Financial Center, Boston, MA 02111. LEGAL PROCEEDINGS Columbia and Columbia Funds Distributor, Inc. ("CFDI") and certain of their affiliates have received information requests and subpoenas from various regulatory and law enforcement authorities in connection with their investigations of late trading and market timing in mutual funds. None of the entities involved has uncovered any instances where Columbia or CFDI were knowingly involved in late trading of mutual fund shares. On February 24, 2004, the Securities and Exchange Commission ("SEC") filed a civil complaint in the United States District Court for the District of Massachusetts against Columbia and CFDI, alleging that they had violated certain provisions of the federal securities laws in connection with trading activity in mutual fund shares. Also on February 24, 2004, the New York Attorney General ("NYAG") filed a civil complaint in New York Supreme Court, County of New York against Columbia and CFDI alleging that Columbia and CFDI had violated certain New York anti-fraud statutes. If either Columbia or CFDI is unsuccessful in its defense of these proceedings, it could be barred from serving as an investment adviser or distributor for any investment company registered under the Investment Company Act of 1940, as amended (a "registered investment company"). Such results could prevent Columbia, CFDI or any company that is an affiliated person of Columbia and CFDI from serving as an investment adviser or distributor for any registered investment company, including your fund. Your fund has been informed by Columbia and CFDI that, if these results occur, they will seek exemptive relief from the SEC to permit them to continue to serve as your fund's investment adviser and distributor. There is no assurance that such exemptive relief will be granted. On March 15, 16 2004, Columbia and CFDI entered into agreements in principle with the SEC Division of Enforcement and NYAG in settlement of the charges. Under the agreements, Columbia and CFDI agreed, inter alia, to the following conditions: payment of $70 million in disgorgement; payment of $70 million in civil penalties; an order requiring Columbia and CFDI to cease and desist from violations of the antifraud provisions and other provisions of the federal securities laws; governance changes designed to maintain the independence of the mutual fund boards of trustees and ensure compliance with securities laws and their fiduciary duties; and retention of an independent consultant to review Columbia's and CFDI's compliance policies and procedures. The agreement requires the final approval of the SEC. In a separate agreement with the NYAG, Columbia and certain of its affiliates have agreed to reduce mutual fund fees by $80 million over a five-year period. As a result of these matters or any adverse publicity or other developments resulting from them, there may be increased redemptions or reduced sales of mutual fund shares, which could increase transaction costs or operating expenses, or have other adverse consequences for the Funds. OTHER BUSINESS The Meeting has been called to transact any business that properly comes before it. The only business that management of the Funds intends to present or knows that others will present is the election of Trustees. If any other matters properly come before the Meeting, and on all matters incidental to the conduct of the Meeting, the persons named as proxies intend to vote the proxies in accordance with their judgment, unless the Secretary of the Funds has previously received written contrary instructions from the shareholder entitled to vote the shares. OUTSTANDING SHARES AND SIGNIFICANT SHAREHOLDERS All shareholders of record at the close of business on March 10, 2004, are entitled to one vote for each share held on that date and holders of Common Shares are entitled to fractional votes for any fractional shares held on that date. The table in Appendix D lists for each Fund the total number of shares outstanding as of the close of business on March 10, 2004, for each class of a Fund's shares entitled to vote at the Meeting. The table in Appendix E lists the holders of more than five percent of any class of shares of each Fund as of the close of business on March 10, 2004, based on filings made by such holders pursuant to Sections 13(d) and 16(a) of the Securities Exchange Act of 1934, as amended. The Trustees 17 and officers of each Fund, in the aggregate, owned less than 1% of each Fund's outstanding shares as of March 10, 2004. INFORMATION ABOUT THE MEETING AND THE VOTING AND TABULATION OF PROXIES All proxies solicited by or on behalf of the Board that are properly executed and returned in time to be voted at the Meeting will be voted at the Meeting as instructed on the proxy. If no instructions are given, the proxy will be voted in favor of the nominees for election as Trustees. Any proxy may be revoked at any time prior to its being exercised by written notification received by the Funds' Secretary, by the execution of a later- dated proxy, or by attending the Meeting and voting in person. Votes cast in person or by proxy at the Meeting will be counted by persons appointed by the Funds as tellers for the Meeting (the "Tellers"). For each of CCAIMF, CIMF, CNYIMF and CMIT, 30% of the shares of the Fund outstanding on the record date and entitled to vote, present at the Meeting in person or represented by proxy, constitutes a quorum for the transaction of business by the shareholders of that Fund. For each of CHIMT, CIGMT, CIHIF and CIITI, a majority of the shares of the Fund outstanding on the record date and entitled to vote, present at the Meeting in person or represented by proxy, constitutes a quorum for the transaction of business by the shareholders of that Fund. The election of Trustees is by a plurality of votes cast at the Meeting. Only shareholders of record on March 10, 2004, may vote. In determining whether a quorum is present, the Tellers will count shares represented by proxies that reflect abstentions, and "broker non-votes," as shares that are present and entitled to vote. With respect to the election of Trustees, withheld authority, abstentions and broker non-votes have no effect on the outcome of voting. "Broker non-votes" are shares held by brokers or nominees as to which (i) the broker or nominee does not have discretionary voting power, and (ii) the broker or nominee has not received instructions from the beneficial owner or other person who is entitled to instruct how the shares will be voted. ADJOURNMENTS In the event that a quorum is present at the Meeting but sufficient votes to approve any of the proposals have not been received, the persons named as proxies may propose one or more adjournments of the Meeting to permit further solicitation of proxies. A shareholder vote may be taken on one or 18 more of the proposals referred to above prior to such adjournment if sufficient votes have been received and it is otherwise appropriate. Any such adjournment will require the affirmative vote of a majority of those shares present at the Meeting (including abstentions and broker non-votes) in person or by proxy. If a quorum is present, the persons named as proxies will vote those proxies that entitle them to vote for any such proposal in favor of such adjournment and will vote those proxies that require them to vote for rejection of any such proposal against any such adjournment. SUBMISSION OF PROPOSALS FROM SHAREHOLDERS AT FUTURE MEETINGS Under the proxy rules of the SEC, shareholder proposals that meet tests contained in those rules may, under certain conditions, be included in a Fund's proxy materials for an annual shareholders' meeting. Under the proxy rules, proposals submitted for inclusion in the proxy materials for the 2005 Annual Meeting must be received by the relevant Fund on or before December 23, 2004. The fact that a Fund receives a shareholder proposal in a timely manner does not ensure inclusion of the proposal in the proxy materials since there are other requirements in the proxy rules relating to such inclusion. Shareholders who wish to make a proposal at the 2005 Annual Meeting that will not be included in the Funds' proxy materials must notify the relevant Fund on or before March 8, 2005. If a shareholder who wishes to submit a proposal fails to timely notify the relevant Fund, the proxies solicited for the meeting will have discretionary authority to vote on the shareholder's proposal if it is properly brought before the meeting. If a shareholder makes a timely notification, the proxies may still exercise discretionary voting authority under circumstances consistent with the SEC's proxy rules. You may submit shareholder proposals c/o the Secretary of the Funds, One Financial Center, Boston, Massachusetts 02111-2621. SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the Funds' Trustees and officers, persons who own more than ten percent of a Fund's outstanding shares and certain officers and directors of the Fund's adviser (collectively, "Section 16 reporting persons"), to file with the SEC initial reports of beneficial ownership and reports of changes in beneficial ownership of Fund shares. Section 16 reporting persons are required by SEC regulations to furnish the Funds with copies of all Section 16(a) forms that they file. To the Funds' knowledge, based solely on a review of the copies of such reports furnished to the Funds, and on representations made, 19 all Section 16 reporting persons complied with all Section 16(a) filing requirements applicable to them except Patrick J. Simpson (no holdings) and Richard L. Woolworth (no holdings). OTHER INFORMATION EACH FUND HAS PREVIOUSLY SENT ITS MOST RECENT ANNUAL REPORT TO ITS SHAREHOLDERS. YOU MAY OBTAIN A COPY OF THE REPORT, FREE OF CHARGE, BY WRITING TO COLUMBIA AT ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111-2621, OR BY CALLING 1-800-426-3750. 20 APPENDIX A -- TRUSTEE AND OFFICER INFORMATION The names and ages of the Trustees and executive officers of the Funds, the year each was first elected or appointed to office, their principal business occupations during at least the last five years, the number of portfolios in the Fund Complex overseen by each Trustee and other directorships that each Trustee holds are shown below. The address of each Trustee and officer is One Financial Center, Boston, MA 02111-2621. TRUSTEES
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME/AGE AND ADDRESS WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS BY TRUSTEE - ------------------------ ----------- ------------------ ------------------------------ ------------- DISINTERESTED TRUSTEES Douglas A. Hacker Trustee CHIMT -- 2000 Executive Vice 119 (Age 48) CIGMT -- 2000 President-Strategy of United CIITI -- 2000 Airlines (airline) since CCAIMF -- 2000 December, 2002 (formerly CIMF -- 2000 President of UAL Loyalty CNYIMF -- 2000 Services (airline) from CMIT -- 2000 September, 2001 to December, CIHIF -- 2000 2002; Executive Vice President and Chief Financial Officer of United Airlines from March, 1993 to September, 2001; Senior Vice President and Chief Financial Officer of UAL, Inc. prior thereto). NAME/AGE AND ADDRESS OTHER DIRECTORSHIPS HELD - ------------------------ ------------------------------- DISINTERESTED TRUSTEES Douglas A. Hacker None (Age 48)
21
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME/AGE AND ADDRESS WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS BY TRUSTEE - ------------------------ ----------- ------------------ ------------------------------ ------------- Janet Langford Kelly Trustee CHIMT -- 2000 Executive Vice President- 119 (Age 46) CIGMT -- 2000 Corporate Development and CIITI -- 2000 Administration, General CCAIMF -- 2000 Counsel and Secretary, Kellogg CIMF -- 2000 Company (food manufacturer) CNYIMF -- 2000 since September, 1999; Senior CMIT -- 2000 Vice President, Secretary and CIHIF -- 2000 General Counsel, Sara Lee Corporation (branded, packaged, consumer-products manufacturer) from January, 1995 to September, 1999. Richard W. Lowry(2) Trustee CHIMT -- 1995 Private Investor since August, 121 (Age 68) CIGMT -- 1995 1987 (formerly Chairman and CIITI -- 1995 Chief Executive Officer, U.S. CCAIMF -- 1999 Plywood Corporation (building CIMF -- 1999 products manufacturer)). CNYIMF -- 1999 CMIT -- 1995 CIHIF -- 1995 NAME/AGE AND ADDRESS OTHER DIRECTORSHIPS HELD - ------------------------ ------------------------------- Janet Langford Kelly None (Age 46) Richard W. Lowry(2) None (Age 68)
22
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME/AGE AND ADDRESS WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS BY TRUSTEE - ------------------------ ----------- ------------------ ------------------------------ ------------- Charles R. Nelson Trustee CHIMT -- 2000 Professor of Economics, 119 (Age 61) CIGMT -- 2000 University of Washington, CIITI -- 2000 since January, 1976; Ford and CCAIMF -- 2000 Louisa Van Voorhis Professor CIMF -- 2000 of Political Economy, CNYIMF -- 2000 University of Washington, CMIT -- 2000 since September, 1993; CIHIF -- 2000 Director, Institute for Economic Research, University of Washington, since September, 2001; Adjunct Professor of Statistics, University of Washington, since September, 1980; Associate Editor, Journal of Money Credit and Banking, since September, 1993; Trustee of the Columbia Funds since July, 2002; consultant on econometric and statistical matters. John J. Neuhauser(2)(3) Trustee CHIMT -- 1985 Academic Vice President and 122 (Age 61) CIGMT -- 1985 Dean of Faculties since CIITI -- 1989 August, 1999, Boston College CCAIMF -- 1999 (formerly Dean, Boston College CIMF -- 1999 School of Management from CNYIMF -- 1999 September, 1977 to September, CMIT -- 1985 1999). CIHIF -- 1985 NAME/AGE AND ADDRESS OTHER DIRECTORSHIPS HELD - ------------------------ ------------------------------- Charles R. Nelson None (Age 61) John J. Neuhauser(2)(3) Saucony, Inc. (athletic (Age 61) footwear); SkillSoft Corp. (e-Learning).
23
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME/AGE AND ADDRESS WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS BY TRUSTEE - ------------------------ ----------- ------------------ ------------------------------ ------------- Thomas E. Stitzel Trustee CHIMT -- 1998 Business Consultant since 1999 119 (Age 68) CIGMT -- 1998 (formerly Professor of Finance CIITI -- 1998 from 1975 to 1999 and Dean CCAIMF -- 1999 from 1977 to 1991, College of CIMF -- 1999 Business, Boise State CNYIMF -- 1999 University); Chartered CMIT -- 1998 Financial Analyst. CIHIF -- 1998 Thomas C. Theobald(4) Trustee CHIMT -- 2000 Managing Director, William 119 (Age 67) CIGMT -- 2000 Blair Capital Partners CIITI -- 2000 (private equity investing) CCAIMF -- 2000 since September, 1994 CIMF -- 2000 (formerly Chief Executive CNYIMF -- 2000 Officer and Chairman of the CMIT -- 2000 Board of Directors, CIHIF -- 2000 Continental Bank Corporation). Anne-Lee Verville(3) Trustee CHIMT -- 1998 Author and speaker on 120 (Age 58) CIGMT -- 1998 educational systems needs CIITI -- 1998 (formerly General Manager, CCAIMF -- 1999 Global Education Industry from CIMF -- 1999 1994 to 1997, and President, CNYIMF -- 1999 Applications Solutions CMIT -- 1998 Division from 1991 to 1994, CIHIF -- 1998 IBM Corporation (global education and global applications)). NAME/AGE AND ADDRESS OTHER DIRECTORSHIPS HELD - ------------------------ ------------------------------- Thomas E. Stitzel None (Age 68) Thomas C. Theobald(4) Anixter International (network (Age 67) support equipment distributor); Ventas Inc. (real estate investment trust); Jones Lang LaSalle (real estate management services) and MONY Group (life insurance). Anne-Lee Verville(3) Chairman of the Board of (Age 58) Directors, Enesco Group, Inc. (designer, importer and distributor of giftware and collectibles).
24
NUMBER OF PORTFOLIOS IN FUND YEAR FIRST ELECTED COMPLEX POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN NAME/AGE AND ADDRESS WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS BY TRUSTEE - ------------------------ ----------- ------------------ ------------------------------ ------------- Patrick J. Simpson Trustee CHIMT -- 2003 Partner, Perkins Cole, L.L.P. 119 (Age 60) CIGMT -- 2003 (law firm) 1988-present. CIITI -- 2003 CCAIMF -- 2003 CIMF -- 2003 CNYIMF -- 2003 CMIT -- 2003 CIHIF -- 2003 Richard L. Woolworth Trustee CHIMT -- 2003 Retired since December, 2003 119 (Age 63) CIGMT -- 2003 (formerly Chairman and Chief CIITI -- 2003 Executive Officer, The Regence CCAIMF -- 2003 Group (regional health CIMF -- 2003 insurer) 1971-2003; Chairman CNYIMF -- 2003 and Chief Executive Officer, CMIT -- 2003 Blue Cross and Blue Shield of CIHIF -- 2003 Oregon 1971-2003; Certified Public Accountant, Arthur Young & Company 1963-1971). INTERESTED TRUSTEES William E. Mayer(2)(5) Trustee CHIMT -- 1994 Managing Partner, Park Avenue 121 (Age 64) CIGMT -- 1994 Equity Partners (private CIITI -- 1994 equity fund) since February, CCAIMF -- 1999 1999 (formerly Founding CIMF -- 1999 Partner, Development Capital CNYIMF -- 1999 LLC from November, 1996 to CMIT -- 1994 February, 1999; Dean and CIHIF -- 1994 Professor, College of Business and Management, University of Maryland from October, 1992 to November, 1996). NAME/AGE AND ADDRESS OTHER DIRECTORSHIPS HELD - ------------------------ ------------------------------- Patrick J. Simpson None (Age 60) Richard L. Woolworth NW Natural (a natural gas (Age 63) service provider). INTERESTED TRUSTEES William E. Mayer(2)(5) Lee Enterprises (print media); (Age 64) WR Hambrecht + Co. (financial service provider); First Health (healthcare); Systech Retail Systems (retail industry technology provider); Readers Digest (publisher).
25 (1) In December, 2000, the boards of each of the former Liberty Funds and former Stein Roe Funds were combined into one board of trustees responsible for the oversight of both fund groups consisting of 88 investment companies (collectively, the "Liberty Board"). On October 8, 2003, the trustees on the Liberty Board were elected to the boards of the Columbia Funds, consisting of 15 investment companies (the "Columbia Board"), and of the CMG Fund Trust consisting of 20 investment companies (the "CMG Funds Board"). Simultaneous with that election, Patrick J. Simpson and Richard L. Woolworth, who had been directors on the Columbia Board and trustees on the CMG Funds Board, were elected to serve as trustees of the Liberty Board and as trustees of each of the Funds. Also on October 8, 2003, each of the Funds' incumbent trustees were elected as directors of the 15 Columbia Funds and as trustees of the 20 Funds in the CMG Fund Trust. (2) Messrs. Lowry, Neuhauser and Mayer each also serve as a director/trustee of the All-Star Funds, currently consisting of 2 investment companies, which are advised by an affiliate of the Adviser. (3) Mr. Neuhauser and Ms. Verville also serve as disinterested directors of Columbia Management Multi-Strategy Hedge Fund, LLC, which is advised by the Adviser. (4) Mr. Theobald was appointed as Chairman of the Board effective December 10, 2003. (5) Mr. Mayer is an "interested person" (as defined in the Investment Company Act of 1940, as amended) of the Fund by reason of his affiliation with WR Hambrecht + Co. 26
YEAR FIRST ELECTED POSITION WITH OR APPOINTED TO NAME/AGE AND ADDRESS FUNDS OFFICE PRINCIPAL OCCUPATION(S) DURING PAST FIVE YEARS - ------------------------ ------------- ------------------ ------------------------------------------------------------ Vicki L. Benjamin Chief CHIMT -- 2001 Controller of the Liberty Funds (88 investment companies) (Age 42) Accounting CIGMT -- 2001 and Liberty All-Star Funds (2 investment companies) since Officer since CIITI -- 2001 June, 2002; Chief Accounting Officer of the Liberty Funds June 20, CCAIMF -- 2001 and Liberty All-Star Funds since June, 2001; Controller and 2001; CIMF -- 2001 Chief Accounting Officer of the Galaxy Funds (15 investment Controller CNYIMF -- 2001 companies) since September, 2002 (formerly Vice President, since May 8, CMIT -- 2001 Corporate Audit, State Street Bank and Trust Company from 2002 CIHIF -- 2000 May, 1998 to April, 2001, Audit Manager from July, 1994 to June, 1997 and Senior Audit Manager from July, 1997 to May, 1998, Coopers & Lybrand, LLP). J. Kevin Connaughton President CHIMT -- 2000 President and Treasurer of the Columbia Funds (15 investment (Age 39) since CIGMT -- 2000 companies), Liberty Funds (88 investment companies) and February 27, CIITI -- 2000 Liberty All-Star Funds (2 investment companies) since 2004; CCAIMF -- 2000 February 2004 and December, 2000, respectively; Chief Treasurer CIMF -- 2000 Financial Officer of the Columbia Funds since January, 2003 since CNYIMF -- 2000 (formerly Controller of the Columbia Funds, Liberty Funds December 14, CMIT -- 2000 and of the Liberty All-Star Funds from February, 1998 to 2000 CIHIF -- 2000 October, 2000); Treasurer of the Stein Roe Funds (13 investment companies) since February, 2001 (formerly Controller from May, 2000 to February, 2001); Treasurer of the Galaxy Funds (15 investment companies) since September, 2002 (formerly Vice President from April, 2000 to January, 2001); Treasurer of the Columbia Management Multi-Strategy Hedge Fund, LLC since December, 2002; Vice President of Columbia Management Advisors, Inc. since April, 2003 (formerly Vice President of Colonial from February, 1998 to October, 2000; Senior Tax Manager, Coopers & Lybrand, LLP from April, 1996 to January, 1998). David A. Rozenson Secretary CHIMT -- 2003 Secretary of the Columbia Funds (15 investment companies), (Age 49) since CIGMT -- 2003 Liberty Funds (88 investment companies), and of Liberty December 10, CIITI -- 2003 All-Star Funds (2 investment companies) since December, 2003 CCAIMF -- 2003 2003; Senior Counsel, Bank of America Corporation (formerly CIMF -- 2003 Fleet Boston Financial Corporation) since January, 1996; CNYIMF -- 2003 Associate General Counsel, Columbia Management Group since CMIT -- 2003 November, 2002. CIHIF -- 2003
27 APPENDIX B.1 -- TRUSTEES' COMPENSATION For the calendar year ended December 31, 2003, the Trustees received the following compensation for serving as Trustees:
TOTAL COMPENSATION FROM THE FUND COMPLEX PAID TO THE PENSION OR RETIREMENT TRUSTEES FOR THE BENEFITS ACCRUED AS PART CALENDAR YEAR ENDED DISINTERESTED TRUSTEES OF FUND EXPENSES(1) DECEMBER 31, 2003 - ---------------------- ------------------------ --------------------------- Douglas A. Hacker N/A $115,500 Janet Langford Kelly N/A $101,500 Richard W. Lowry N/A $128,150 Salvatore Macera(2) N/A $ 56,500 Charles R. Nelson N/A $155,073 John J. Neuhauser N/A $143,568 Patrick J. Simpson(3) N/A $ 64,234 Thomas E. Stitzel N/A $103,500 Thomas C. Theobald(4) N/A $110,250 Anne-Lee Verville(4) N/A $128,250 Richard L. Woolworth(3) N/A $ 64,234 INTERESTED TRUSTEE - ----------------------- William E. Mayer N/A $133,150
(1) The Funds do not currently provide pension or retirement plan benefits to the Trustees. (2) Mr. Macera retired as a Trustee from the Board of Trustees effective June 18, 2003. (3) Messrs. Simpson and Woolworth were elected to the Board of each Fund on October 8, 2003. (4) During the calendar year ended December 31, 2003, Ms. Verville deferred $53,250 of her total compensation pursuant to the deferred compensation plan and Mr. Theobald deferred $50,750 of his total compensation pursuant to the deferred compensation plan. 28 APPENDIX B.2 -- TRUSTEES' COMPENSATION For the fiscal year ended November 30, 2003 (October 31, 2003 for CIHIF), the Trustees received from each Fund the following compensation for serving as Trustees:
AGGREGATE AGGREGATE AGGREGATE AGGREGATE AGGREGATE AGGREGATE COMPENSATION COMPENSATION COMPENSATION COMPENSATION COMPENSATION COMPENSATION FROM CHIMT FROM CIGMT FROM CIITI FROM CCAIMF FROM CIMF FROM CNYIMF FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL FOR THE FISCAL YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED YEAR ENDED DISINTERESTED TRUSTEE 11/30/03 11/30/03 11/30/03 11/30/03 11/30/03 11/30/03 - --------------------- -------------- -------------- -------------- -------------- -------------- -------------- Douglas A. Hacker $1,381 $1,012 $1,018 $674 $765 $432 Janet Langford Kelly 1,249 912 919 606 690 423 Richard W. Lowry 1,274 928 935 615 596 424 Salvatore Macera(a) 874 626 626 396 455 226 Charles R. Nelson 1,378 1,007 1,014 669 759 474 John J. Neuhauser 1,428 1,048 1,054 699 792 502 Patrick J. Simpson(b) 0 0 0 0 0 0 Thomas E. Stitzel 1,249 912 919 606 690 423 Thomas C. Theobald(c) 1,330 974 980 649 738 455 Anne-Lee Verville(d) 1,520 1,113 1,119 740 839 532 Richard L. Woolworth(b) 0 0 0 0 0 0 INTERESTED TRUSTEE - ------------------------- William E. Mayer 1,326 974 974 645 733 452 AGGREGATE AGGREGATE COMPENSATION COMPENSATION FROM CMIT FROM CIHIF FOR THE FISCAL FOR THE FISCAL YEAR ENDED YEAR ENDED DISINTERESTED TRUSTEE 11/30/03 10/31/03 - --------------------- -------------- -------------- Douglas A. Hacker $878 $657 Janet Langford Kelly 788 589 Richard W. Lowry 797 596 Salvatore Macera(a) 435 384 Charles R. Nelson 870 651 John J. Neuhauser 912 682 Patrick J. Simpson(b) 0 0 Thomas E. Stitzel 682 589 Thomas C. Theobald(c) 739 631 Anne-Lee Verville(d) 867 721 Richard L. Woolworth(b) 0 0 INTERESTED TRUSTEE - ------------------------- William E. Mayer 840 631
(a) Mr. Macera retired as a Trustee from the Board of Trustees effective June 18, 2003. (b) Messrs. Simpson and Woolworth were elected to the Board of each Fund on October 8, 2003. (c) During the fiscal year ended November 30, 2003 (October 31, 2003 for CIHIF), Mr. Theobald deferred $658 from CHIMT, $474 from CIGMT, $474 from CIITI, $305 from CCAIMF, $351 from CIMF, $455 from CNYIMF, $560 from CMIT and $294 from CIHIF. (d) During the fiscal year ended November 30, 2003 (October 31, 2003 for CIHIF), Ms. Verville deferred $688 from CHIMT, $585 from CIGMT, $496 from CIITI, $319 from CCAIMF, $586 from CIMF, $206 from CNYIMF, $586 from CMIT and $308 from CIHIF. 29 APPENDIX C -- TRUSTEE SHARE OWNERSHIP The following table shows the dollar range of equity securities beneficially owned by each Trustee as of December 31, 2003 (i) in each of the Funds, and (ii) in all Funds overseen by the Trustees in the Fund Complex.
DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE OF EQUITY OF EQUITY OF EQUITY OF EQUITY OF EQUITY OF EQUITY OF EQUITY SECURITIES SECURITIES SECURITIES SECURITIES SECURITIES SECURITIES SECURITIES OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE DISINTERESTED TRUSTEES CCAIMF CHIMT CIMF CIITI CIHIF CIGMT CMIT - ---------------------- ------------ ------------ ------------ ------------ ------------ ------------ ------------ Douglas A. Hacker....... $0 $0 $0 $0 $0 $0 $0 Janet Langford Kelly.... $0 $0 $0 $0 $0 $0 $0 Richard W. Lowry(a)..... $0 $0 $0 $0 $0 $0 $0 Charles R. Nelson....... $0 $0 $0 $0 $0 $0 $0 John J. Neuhauser(a).... $0 $0 $0 $0 $0 $0 $0 Patrick J. Simpson(b)... $0 $0 $0 $0 $0 $0 $0 Thomas E. Stitzel....... $0 $0 $0 $0 $0 $0 $0 Thomas C. Theobald...... $0 $0 $0 $0 $0 $0 $0 Anne-Lee Verville(c).... $0 $0 $0 $0 $0 $0 $0 Richard L. Woolworth(b).......... $0 $0 $0 $0 $0 $0 $0 INTERESTED TRUSTEES William E. Mayer(a)..... $0 $0 $0 $0 $0 $0 $0 DOLLAR RANGE AGGREGATE DOLLAR RANGE OF EQUITY OF EQUITY SECURITIES IN SECURITIES ALL FUNDS OVERSEEN BY OWNED IN THE TRUSTEE IN DISINTERESTED TRUSTEES CNYIMF FUND COMPLEX - ---------------------- ------------ ----------------------- Douglas A. Hacker....... $0 Over $100,000 Janet Langford Kelly.... $0 Over $100,000 Richard W. Lowry(a)..... $0 Over $100,000 Charles R. Nelson....... $0 Over $100,000 John J. Neuhauser(a).... $0 Over $100,000 Patrick J. Simpson(b)... $0 $50,001-$100,000 Thomas E. Stitzel....... $0 $50,001-$100,000 Thomas C. Theobald...... $0 Over $100,000 Anne-Lee Verville(c).... $0 Over $100,000 Richard L. Woolworth(b).......... $0 Over $100,000 INTERESTED TRUSTEES William E. Mayer(a)..... $0 $50,001-$100,000
(a) Messrs. Lowry, Mayer and Neuhauser also serves as Trustees/Directors of the All-Star Funds. (b) Messrs. Simpson and Woolworth were elected to the Board of each Fund on October 8, 2003. (c) Ms. Verville's share ownership is held in her deferred compensation plan. TRUSTEE POSITIONS As of December 31, 2003, no disinterested Trustee or any of his or her immediate family members owned beneficially or of record any class of securities of FleetBoston Financial, Columbia Management Advisers, Inc., another investment adviser, sub-adviser or portfolio manager of any of the Funds in the Fund Complex, or any person controlling, controlled by or under common control with any such entity. 30 APPENDIX D -- SHARES OUTSTANDING AND ENTITLED TO VOTE As of the close of business on March 10, 2004, the Funds had outstanding and entitled to vote at the Meeting the following shares of beneficial interest:
FUND COMMON SHARES PREFERRED SHARES - ---- --------------- ---------------- CCAIMF 2,780,442.1183 978 CHIMT 31,125,991.0000 4,800 CIMF 4,249,262.6670 1,492 CIITI 11,009,000.0000 N/A CIHIF 20,986,677.6760 N/A CIGMT 11,509,000.0000 2,400 CMIT 27,698,884.9820 3,600 CNYIMF 1,613,723.6670 564
31 APPENDIX E -- OWNERSHIP OF SHARES As of the close of business on March 10, 2004, the following persons were known to own beneficially or of record more than 5% of the outstanding securities of each of the following Funds:
# OF % OF CLASS CLASS OF NAME AND ADDRESS SHARES OF SHARES FUND SHARES OF BENEFICIAL OWNER OWNED OWNED - ---- -------- ------------------------- ---------- ---------- CCAIMF Common CEDE & CO Fast Depository 2,681,313 96.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CHIMT Common CEDE & CO Fast Depository 27,734,511 89.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CIMF Common CEDE & CO Fast Depository 4,165,133 98.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CIITI N/A CEDE & CO Fast Depository 9,880,453 90.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CIHIF N/A Cede & CO Fast Depository 19,432,977 92.60% Trust Company 55 Water St. 25th Floor New York, NY 10004 CIGMT Common Cede & CO Fast Depository 10,163,106 88.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CMIT Common CEDE & CO Fast Depository 23,698,770 86.00% Trust Company 55 Water St. 25th Floor New York, NY 10004 CNYIMF Common CEDE & CO Fast Depository 1,593,932 99.00% Trust Company 55 Water St. 25th Floor New York, NY 10004
32 APPENDIX F -- AUDIT COMMITTEE CHARTER COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INSURED MUNICIPAL FUND COLONIAL INTERMARKET INCOME TRUST I COLONIAL INTERMEDIATE HIGH INCOME FUND COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL MUNICIPAL INCOME TRUST COLONIAL NEW YORK INSURED MUNICIPAL FUND AUDIT COMMITTEE CHARTER adopted on February 10, 2004 I. PURPOSE This Charter has been adopted by the Audit Committee of the Board of Directors/Trustees (the "Board") of each investment company in the Columbia Family of Funds complex. The portfolio(s) of any such investment company are referred to as the "Fund(s)." The primary function of the Audit Committee is to assist the Board in fulfilling certain of its responsibilities. This Charter sets forth the duties and responsibilities of the Audit Committee. The Audit Committee serves as an independent and objective party to monitor the Funds' accounting policies, financial reporting and internal control system, and the work of the Funds' independent auditors. The Audit Committee also serves to provide an open avenue of communication among the independent auditors, the internal accounting staff of the Funds' investment adviser (the "Adviser") and the Board. - Management has the primary responsibility to establish and maintain systems for accounting, reporting and internal controls, which functions may be delegated to an accounting service agent, provided management provides adequate oversight. - The independent auditors have the primary responsibility to plan and implement proper audits, with proper consideration given to internal controls, of the Funds' accounting and reporting practices. The Audit Committee shall assist Board oversight of (1) the integrity of the Funds' financial statements, (2) the Funds' compliance with legal and regulatory requirements, (3) the independent auditors' qualifications and independence, and (4) the performance of the 33 Adviser's internal audit function and independent auditors. The Audit Committee may have additional functions and responsibility as deemed appropriate by the Board and the Audit Committee. Although the Audit Committee has the responsibilities and powers set forth in this Charter, it is not the duty of the Audit Committee to plan or conduct audits nor to determine that the Funds' financial statements are complete or accurate or have been prepared in accordance with generally accepted accounting principles. That is the responsibility of management and the independent auditors. Nor is it the duty of the Audit Committee to conduct investigations or to assure compliance with laws, regulations or any code of ethics approved or adopted by the Board. II. COMPOSITION The Audit Committee shall be comprised of three or more independent Board members. For purposes of this Charter, a Board member shall be deemed to be independent if he or she (1) is not an "interested person" of the Funds, as that term is defined in the Investment Company Act of 1940, (2) has not accepted, directly or indirectly, any consulting, advisory or other compensatory fee from the Funds except for services as a Board member, (3) is free from any relationship that, in the opinion of the Board, would interfere with the exercise of his or her independent judgment as a member of the Audit Committee, and (4) in the case of a Fund whose shares are listed on the New York Stock Exchange, Inc. (the "NYSE") or another stock exchange, meets the independence requirements set forth in NYSE Rule 303.01(B)(3) or the applicable rule of such exchange. Each member of the Audit Committee shall be financially literate, or shall become so within a reasonable period of time after his or her appointment to the Audit Committee. At least one member shall have accounting or related financial management expertise. The members of the Audit Committee shall be appointed by the Board and shall serve at the pleasure of the Board. Unless a Chair is appointed by the Board, the members of the Audit Committee may designate a Chair by majority vote. III. MEETINGS The Audit Committee shall meet as frequently and at such times as circumstances dictate. Special meetings (including telephonic meetings) may be called by the Chair or a majority of the members of 34 the Audit Committee upon reasonable notice to the other members of the Audit Committee. IV. RESPONSIBILITIES AND DUTIES To fulfill its responsibilities and duties, the Audit Committee shall: A. CHARTER. Review this Charter annually and recommend any proposed changes to the Board. B. INTERNAL CONTROLS. 1. Review annually with management and the independent auditors their separate evaluations of the adequacy and effectiveness of the Funds' system of internal controls. 2. Review with management and the independent auditors: a. any significant audit findings related to the Funds' systems for accounting, reporting and internal controls; and b. any recommendations for the improvement of internal control procedures or particular areas where new or more detailed controls or procedures are desirable. C. INDEPENDENT AUDITORS. 1. SELECTION AND OVERSIGHT. Be directly responsible for the appointment, compensation, retention and oversight of the work of the independent auditors (including resolution of disagreements between management and the independent auditors regarding financial reporting) for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Funds. Any such engagement shall be pursuant to a written engagement letter approved by the Audit Committee. The independent auditors shall report directly to the Audit Committee. 2. PRE-APPROVAL OF NON-AUDIT SERVICES TO THE FUNDS. Except as provided below, pre-approve any engagement of the Funds' independent auditors to provide any services to the Funds (other than the "prohibited non-audit services" specified below), including the fees and other compensation to be paid for such services, unless the engagement to render such services is entered into pursuant to pre-approval policies and procedures established by the Audit Committee that are detailed as to the particular service (provided the Audit 35 Committee is informed of each such service).(1) The Audit Committee may designate from time to time one or more of its members acting singly or together, as the Audit Committee may designate, to pre-approve such services on behalf of the Audit Committee. Unless and until the Audit Committee designates otherwise, the Chair of the Audit Committee may grant such pre-approval. Any such delegated pre-approval shall be reported to the Audit Committee by the member or members exercising such delegated authority at the next meeting of the Audit Committee. The independent auditors shall not perform any of the following non-audit services for any Fund ("prohibited non-audit services"): a. Bookkeeping or other services related to the accounting records or financial statements of the Fund; b. Financial information systems design and implementation; c. Appraisal or valuation services, fairness opinions or contribution-in-kind reports; d. Actuarial services; e. Internal audit outsourcing services; f. Management functions or human resources; g. Broker or dealer, investment adviser or investment banking services; h. Legal services or expert services unrelated to the audit; and - ------------------------------ (1) Pre-approval of non-audit services to a Fund is not required, if: a. the services were not recognized by management at the time of the engagement as non-audit services; b. the aggregate fees for all such non-audit services provided to the Fund are less than 5% of the total fees paid by the Fund to its independent auditors during the fiscal year in which the non-audit services are provided; and c. such services are promptly brought to the attention of the Audit Committee by management, and the Audit Committee or its delegate approves them prior to the completion of the audit. 36 i. Any other services that the Public Company Accounting Oversight Board determines are impermissible. 3. PRE-APPROVAL OF CERTAIN NON-AUDIT SERVICES TO THE ADVISER AND ITS AFFILIATES. Except as provided below, pre-approve any engagement of the Funds' independent auditors to provide any services to the Adviser (not including any subadviser whose role is primarily portfolio management and is subcontracted or overseen by the Adviser) or any entity controlling, controlled by or under common control with the Adviser that provides ongoing services to the Funds if the engagement relates directly to the operations or financial reporting of the Funds, including the fees and other compensation to be paid to the independent auditors.(1) The Audit Committee may designate from time to time one or more of its members acting singly or together, as the Audit Committee may designate, to pre-approve such services on behalf of the Audit Committee. Unless and until the Audit Committee designates otherwise, the Chair of the Audit Committee may grant such pre-approval. Any such delegated pre-approval shall be reported to the Audit Committee by the member or members exercising such delegated authority at the next meeting of the Audit Committee. 4. AUDITOR INDEPENDENCE. On an annual basis, request, receive in writing and review the independent auditors' specific representations as to their independence, including identification of all significant relationships the auditors have - ------------------------------ (1) Pre-approval of such non-audit services to the Adviser or an affiliate of the Adviser is not required, if: a. the services were not recognized by management at the time of the engagement as non-audit services; b. the aggregate fees for all such non-audit services provided to the Adviser and all entities controlling, controlled by or under common control with the Adviser are less than 5% of the total fees for non-audit services requiring pre-approval under Section IVC2 or 3 of this Charter paid by the Funds, the Adviser and all such other entities to its independent auditors during the fiscal year in which the non-audit services are provided; and c. such services are promptly brought to the attention of the Audit Committee by management and the Audit Committee or its delegate approves them prior to the completion of the audit. 37 with the Funds, management, any affiliates and any material service provider to the Funds and recommend that the Board take appropriate action, if any, in response to the independent auditors' report to satisfy itself as to the independent auditors' independence. 5. AUDIT SCOPE. On an annual basis, meet with the independent auditors and management to review the arrangements for and scope of the proposed audits for the current year and the audit procedures to be utilized. 6. AUDIT RESULTS. On an annual basis at the conclusion of the audit, meet with the independent auditors and management to review the audit results, including any comments or recommendations of the independent auditors or management regarding their assessment of significant risks or exposures and the steps taken by management to minimize such risks to the Funds, any audit problems or difficulties and management's response, and any deviations from the proposed scope of the audit previously presented to the Audit Committee. 7. MANAGEMENT LETTER. Review any management letter prepared by the independent auditors and management's response to any such letter. 8. AUDITOR REPORT. On an annual basis, obtain and review a report by the independent auditors describing the independent auditors' internal quality-control procedures and any material issues raised by the independent auditors' most recent internal quality-control review or peer review, or by any inquiry or investigation by governmental or professional authorities, within the preceding five years, respecting one or more independent audits carried out by the independent auditors, and any steps taken to deal with any such issues. D. FINANCIAL REPORTING PROCESSES. Meet separately and periodically with management and the independent auditors, and, if the Audit Committee so desires, with internal auditors (or other personnel responsible for the internal audit function), and review the matters that the auditors believe should be communicated to the Committee in accordance with auditing professional standards. 38 E. CLOSED-END FUNDS. With respect to any closed-end Fund: 1. FINANCIAL STATEMENTS. Review with management and the independent auditors the Fund's audited annual financial statements and quarterly unaudited financial statements, including any discussion or analysis of the Fund's financial condition and results of operations, and, recommend to the Board, if appropriate, that the audited financial statements be included in the Fund's annual report to shareholders required by Section 30(e) of the Investment Company Act of 1940 and Rule 30d-1 thereunder. 2. PRESS RELEASES. Discuss press releases issued by the Fund to the extent they are related to financial information of the Fund. 3. AUDIT COMMITTEE REPORT. Prepare an audit committee report as required by the Securities and Exchange Commission to be included in the annual proxy statement. F. AUTHORITY. 1. INFORMATION. Have direct access to management and personnel responsible for the Funds' accounting and financial reporting and for the Funds' internal controls, as well as to the independent auditors and the Funds' other service providers. 2. INVESTIGATION. Have the authority to investigate any matter brought to its attention within the scope of its duties and, in its discretion, to engage independent legal counsel and other advisers, as it determines necessary to carry out its duties. The Audit Committee may request any officer or employee of the Adviser, the Funds' independent auditors, or outside counsel to attend any meeting of the Audit Committee or to meet with any member of, or consultants to, the Audit Committee. 3. FUNDING. Be provided with appropriate funding by the Funds, as determined by the Audit Committee, for the payment of (a) compensation to any independent auditors engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Funds, (b) compensation to any advisers employed by the Audit Committee, and (c) ordinary administrative 39 expenses of the Audit Committee that are necessary or appropriate in carrying out its duties. 4. CODE OF ETHICS. Have the authority to review any violations under the Columbia Management Group Family of Funds Code of Ethics for Principal Executive and Senior Financial Officers brought to its attention by the Chief Legal Officer and review any waivers sought by a covered officer under that code. G. OTHER RESPONSIBILITIES. 1. REPORT TO THE BOARD. Report regularly its significant activities to the Board and make such recommendations with respect to any matters herein as the Audit Committee may deem necessary or appropriate. 2. WHISTLEBLOWER PROCEDURES. Establish procedures for the receipt, retention and treatment of complaints received by the Funds or the Adviser regarding accounting, internal accounting controls or audit matters, and for the confidential, anonymous submission by any employee of the Funds, the Adviser or its affiliates of concerns regarding questionable accounting or auditing matters. 3. RISK POLICIES. Discuss policies with respect to risk assessment and risk management. 4. HIRING POLICIES. If any Fund proposes to employ any current or former employee of the independent auditors, set clear policies for hiring any such person. 5. NECESSARY ACTIVITIES. Perform any other activities consistent with this Charter, the Funds' governing documents and governing law as the Audit Committee or the Board deems necessary or appropriate. 6. MINUTES. Maintain minutes of its meetings. 40 (This Page Intentionally Left Blank) (This Page Intentionally Left Blank) (This Page Intentionally Left Blank) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial California Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- COLONIAL CALIFORNIA INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial California Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [PREFERRED SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(d) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) JOHN J. NEUHAUSER (03) PATRICK J. SIMPSON (04) THOMAS E. STITZEL (05) THOMAS C. THEOBALD (06) ANNE-LEE VERVILLE (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
[COMMON SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL CALIFORNIA INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(d) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) JOHN J. NEUHAUSER (02) PATRICK J. SIMPSON (03) THOMAS C. THEOBALD (04) ANNE-LEE VERVILLE (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL INVESTMENT GRADE MUNICIPAL TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Investment Grade Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- COLONIAL INVESTMENT GRADE MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Investment Grade Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [COMMON SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INVESTMENT GRADE MUNICIPAL TRUST 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(b) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) WILLIAM E. MAYER (02) JOHN J. NEUHAUSER (03) PATRICK J. SIMPSON (04) THOMAS C. THEOBALD (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
[PREFERRED SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INVESTMENT GRADE MUNICIPAL TRUST 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(b)of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) WILLIAM E. MAYER (03) JOHN J. NEUHAUSER (04) PATRICK J. SIMPSON (05) THOMAS E. STITZEL (06) THOMAS C. THEOBALD (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL HIGH INCOME MUNICIPAL TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES (Series T Shares and Series W Shares) This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial High Income Municipal Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [COMMON SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL HIGH INCOME MUNICIPAL TRUST 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(a) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) WILLIAM E. MAYER (02) CHARLES R. NELSON (03) PATRICK J. SIMPSON (04) THOMAS C. THEOBALD (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
[PREFERRED SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL HIGH INCOME MUNICIPAL TRUST 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(a) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) WILLIAM E. MAYER (03) CHARLES R. NELSON (04) PATRICK J. SIMPSON (05) THOMAS E. STITZEL (06) THOMAS C. THEOBALD (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL INTERMEDIATE HIGH INCOME FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Intermediate High Income Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INTERMEDIATE HIGH INCOME FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(h) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) PATRICK J. SIMPSON (02) THOMAS E. STITZEL (03) THOMAS C. THEOBALD (04) ANNE-LEE VERVILLE (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL INTERMARKET INCOME TRUST I This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Intermarket Income Trust I to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INTERMARKET INCOME TRUST I 1. TO ELECT FOUR TRUSTEES. Nominees hold Except (Item 1(c) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) JOHN J. NEUHAUSER (02) PATRICK J. SIMPSON (03) THOMAS C. THEOBALD (04) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- COLONIAL INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- - ------------------------------------- ------------------------------------- [PREFERRED SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INSURED MUNICIPAL FUND 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(e) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) JOHN J. NEUHAUSER (03) PATRICK J. SIMPSON (04) THOMAS E. STITZEL (05) THOMAS C. THEOBALD (06) ANNE-LEE VERVILLE (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
[COMMON SHARES] [X] PLEASE MARK VOTES AS IN THIS EXAMPLE For All With- For All COLONIAL INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(e) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) JOHN J. NEUHAUSER (02) PATRICK J. SIMPSON (03) THOMAS C. THEOBALD (04) ANNE-LEE VERVILLE (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here ______________________________
COLONIAL MUNICIPAL INCOME TRUST This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Municipal Income Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - --------------------------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - --------------------------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ----------------------------------------------
COLONIAL MUNICIPAL INCOME TRUST MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial Municipal Income Trust to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - --------------------------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - --------------------------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ----------------------------------------------
[COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL MUNICIPAL INCOME TRUST 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(g) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) RICHARD W. LOWRY (02) JOHN J. NEUHAUSER (03) PATRICK J. SIMPSON (04) THOMAS C. THEOBALD (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________
[PREFERED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL MUNICIPAL INCOME TRUST 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(g) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) RICHARD W. LOWRY (03) JOHN J. NEUHAUSER (04) PATRICK J. SIMPSON (05) THOMAS E. STITZEL (06) THOMAS C. THEOBALD (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________
COLONIAL NEW YORK INSURED MUNICIPAL FUND This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial New York Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - -------------------------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - -------------------------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ----------------------------------------------
COLONIAL NEW YORK INSURED MUNICIPAL FUND MUNICIPAL AUCTION RATE CUMULATIVE PREFERRED SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints Heidi A. Hoefler, David S. Rozenson and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meeting of Shareholders of Colonial New York Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 26, 2004, and at any adjournments, as follows on the reverse side of this card. THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE HOLDER'S BEST JUDGMENT AS TO ANY OTHER MATTER. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE REVERSE SIDE. - --------------------------------------------------------------------------------------------------- PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE - --------------------------------------------------------------------------------------------------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ---------------------------------------------- - --------------------------------------------- ----------------------------------------------
[PREFERRED SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL NEW YORK INSURED MUNICIPAL FUND 1. TO ELECT SEVEN TRUSTEES. Nominees hold Except (Item 1(f) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) DOUGLAS A. HACKER (02) JOHN J. NEUHAUSER (03) PATRICK J. SIMPSON (04) THOMAS E. STITZEL (05) THOMAS C. THEOBALD (06) ANNE-LEE VERVILLE (07) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________
[COMMON SHARES] - ------ X PLEASE MARK VOTES AS IN THIS EXAMPLE - ------ For All With- For All COLONIAL NEW YORK INSURED MUNICIPAL FUND 1. TO ELECT FIVE TRUSTEES. Nominees hold Except (Item 1(f) of Notice) Mark box at right if an address change or comment has been [ ] [ ] [ ] [ ] noted on the reverse side of this card (01) JOHN J. NEUHAUSER (02) PATRICK J. SIMPSON (03) THOMAS C. THEOBALD (04) ANNE-LEE VERVILLE (05) RICHARD L. WOOLWORTH Instruction: To withhold authority to vote for any individual nominee, mark the "For all except" box and strike a line through the name(s) of the nominee(s). Your shares will be voted for the remaining nominee(s). 2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign personally. When signing as attorney, executor, administrator, trustee or guardian, please give full title as such. If a corporation, please sign in corporate name by President or other authorized officer. If a partnership, please sign in partnership name by authorized person. Please be sure to sign and date this proxy Date ______________ Shareholder sign here ___________________________ Co-owner sign here _____________________________
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