-----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, JGo0DP0LFGYZgPyMxCS/c94Yuk20Tme2RTIgTn1CEjQc7VV+W1qZGN9YJj/Y00Bk 8z+Ob6jH5+H8lIl/ofs0Ig== 0000950123-11-006451.txt : 20110128 0000950123-11-006451.hdr.sgml : 20110128 20110128111708 ACCESSION NUMBER: 0000950123-11-006451 CONFORMED SUBMISSION TYPE: NSAR-A PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20101130 FILED AS OF DATE: 20110128 DATE AS OF CHANGE: 20110128 EFFECTIVENESS DATE: 20110128 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Invesco Municipal Premium Income Trust CENTRAL INDEX KEY: 0000842891 IRS NUMBER: 133498050 STATE OF INCORPORATION: NY FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: NSAR-A SEC ACT: 1940 Act SEC FILE NUMBER: 811-05688 FILM NUMBER: 11554351 BUSINESS ADDRESS: STREET 1: 1555 PEACHTREE STREET, N.E. STREET 2: SUITE 1800 CITY: ATLANTA STATE: 2Q ZIP: 30309 BUSINESS PHONE: 404-439-3217 MAIL ADDRESS: STREET 1: 1555 PEACHTREE STREET, N.E. STREET 2: SUITE 1800 CITY: ATLANTA STATE: 2Q ZIP: 30309 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY MUNICIPAL PREMIUM INCOME TRUST DATE OF NAME CHANGE: 20011220 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER MUNICIPAL PREMIUM INCOME TRUST DATE OF NAME CHANGE: 19981221 FORMER COMPANY: FORMER CONFORMED NAME: MUNICIPAL PREMIUM INCOME TRUST/MA DATE OF NAME CHANGE: 19930721 NSAR-A 1 h79126answer.fil SEMI ANNUAL REPORT PAGE 1 000 A000000 11/30/2010 000 C000000 0000842891 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 INVESCO MUNICIPAL PREMIUM INCOME TRUST 001 B000000 811-05689 001 C000000 7136261919 002 A000000 11 GREENWAY PLAZA 002 B000000 HOUSTON 002 C000000 TX 002 D010000 77046 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 008 A000001 Invesco Advisers, Inc. 008 B000001 A 008 C000001 801-33949 008 D010001 HOUSTON 008 D020001 TX 008 D030001 77046 008 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ASSISTANT TREASURER EX-99.77C VOTES 2 h79126ex77c.txt EXHIBIT Sub-Item 77C SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS INVESCO MUNICIPAL PREMIUM INCOME TRUST An Annual Meeting ("Meeting") of Shareholders of Invesco Municipal Premium Income Trust, was held on July 16, 2010 and was adjourned until August 13, 2010 and further adjourned until September 10, 2010. The Meeting on September 10, 2010 was held for the following purpose: (1) Elect four Trustees by the holders of Common Shares and Preferred Shares voting together, and one Trustee by the holders of Preferred Shares voting separately, each of whom will serve for a three year term or until a successor has been duly elected and qualified. The results of the voting on the above matter were as follows:
Votes Matters Votes For Withheld - ------- --------- -------- (1) Albert R. Dowden.............................................14,377,424 663,117 Lewis F. Pennock.............................................14,384,635 655,906 Hugo F. Sonnenschein.........................................14,369,270 671,271 Raymond Stickel, Jr..........................................14,374,381 666,160 PersonNamePrema Mathai-Davis (P).................................75. 0
- -------------------------- (P) Election of trustee by preferred shareholders only.
EX-99.77E LEGAL 3 h79126ex77e.txt EXHIBIT Sub-Item 77E LEGAL PROCEEDINGS INVESCO MUNICIPAL PREMIUM INCOME TRUST SETTLED ENFORCEMENT ACTIONS AND INVESTIGATIONS RELATED TO MARKET TIMING On October 8, 2004, Invesco Advisers, Inc. (Invesco), successor by merger to Invesco Aim Advisors, Inc. and INVESCO Funds Group, Inc. (IFG), both former investment advisers, along with Invesco Aim Distributors, n/k/a Invesco Distributors, Inc. (Invesco Distributors) reached final settlements with certain regulators, including the Securities and Exchange Commission (SEC), the New York Attorney General and the Colorado Attorney General, to resolve civil enforcement actions and/or investigations related to market timing and related activity in the AIM Funds (n/k/a the Invesco Funds), including those formerly advised by IFG. As part of the settlements, a $325 million fair fund ($110 million of which is civil penalties) was created to compensate shareholders harmed by market timing and related activity in funds formerly advised by IFG. Additionally, Invesco and Invesco Distributors created a $50 million fair fund ($30 million of which is civil penalties) to compensate shareholders harmed by market timing and related activity in funds advised by Invesco, which was done pursuant to the terms of the settlement. The methodology of the fair funds distributions was determined by Invesco's independent distribution consultant (IDC Plan), in consultation with Invesco and the independent trustees of the Invesco Funds, and approved by the SEC on May 23, 2008. The IDC Plan provides for distribution to all eligible investors, for the periods spanning January 1, 2000 through July 31, 2003 (for the IFG Fair Fund) and January 1, 2001 through September 30, 2003 (for the AIM Fair Fund), their proportionate share of the applicable Fair Fund to compensate such investors for injury they may have suffered as a result of market timing in the affected funds. The IDC Plan includes a provision for any residual amounts in the Fair Funds to be distributed in the future to the affected funds. Further details regarding the IDC Plan and distributions thereunder are available on Invesco's Web site, available at http://www.invesco.com/us. At the present time, management of Invesco and the Invesco Funds are unable to estimate the impact, if any, that the outcome of the Pending Litigation and Regulatory Inquiries described herein may have on Invesco, Invesco Distributors or the Invesco Funds. Pending Regulatory Action Alleging Market Timing On August 30, 2005, the West Virginia Office of the State Auditor - Securities Commission (WVASC) issued a Summary Order to Cease and Desist and Notice of Right to Hearing to Invesco and Invesco Distributors (Order No. 05-1318). The WVASC makes findings of fact that Invesco and Invesco Distributors entered into certain arrangements permitting market timing of the Invesco Funds and failed to disclose these arrangements in the prospectuses for such Funds, and conclusions of law to the effect that Invesco and Invesco Distributors violated the StateplaceWest Virginia securities laws. The WVASC orders Invesco and Invesco Distributors to cease any further violations and seeks to impose monetary sanctions, including restitution to affected investors, disgorgement of fees, reimbursement of investigatory, administrative and legal costs and an "administrative assessment," to be determined by the Commissioner. Initial research indicates that these damages could be limited or capped by statute. By agreement with the Commissioner of Securities, Invesco's time to respond to that Order has been indefinitely suspended. Private Civil Actions Alleging Market Timing Multiple civil lawsuits, including purported class action and shareholder derivative suits, have been filed against various parties (including, depending on the lawsuit, certain Invesco Funds, IFG, Invesco, Invesco Aim Management Group, Inc., n/k/a Invesco Management Group, Inc. and certain related entities, certain of their current and former officers and/or certain unrelated third parties) based on allegations of improper market timing and related activity in the Invesco Funds. These lawsuits allege a variety of theories of recovery, including but not limited to: (i) violation of various provisions of the Federal and state securities laws; (ii) violation of various provisions of Employee Retirement Income Security Act of 1974, as amended (ERISA); (iii) breach of fiduciary duty; and/or (iv) breach of contract. These lawsuits were initiated in both Federal and state courts and seek such remedies as compensatory damages; restitution; injunctive relief; disgorgement of management fees; imposition of a constructive trust; removal of certain directors and/or employees; various corrective measures under ERISA; rescission of certain Funds' advisory agreements; interest; and attorneys' and experts' fees. All lawsuits based on allegations of market timing, late trading, and related issues have been transferred to the United States District Court for the District of Maryland (the MDL Court) for consolidated or coordinated pre-trial proceedings. Pursuant to an Order of the MDL Court, plaintiffs in these lawsuits consolidated their claims for pre-trial purposes into three amended complaints against various Invesco - and IFG-related parties. The parties in the amended complaints have agreed in principle to settle the actions. A list identifying the amended complaints in the MDL Court and details of the settlements are \ discussed below. o RICHARD LEPERA, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED (LEAD PLAINTIFF: CITY OF CHICAGO DEFERRED COMPENSATION PLAN), V. INVESCO FUNDS GROUP, INC., ET AL, in the MDL Court (Case No. 04-MD-15864; No. 04-CV-00814-JFM) (originally in the United States District Court for the District of Colorado), filed on September 29, 2004. o CYNTHIA ESSENMACHER, ET AL., Derivatively on Behalf of the Mutual Funds, Trusts and Corporations Comprising the Invesco and AIM Family of Mutual Funds v. AMVESCAP, PLC, ET AL., in the MDL Court (Case No. 04-MD-15864-FPS; No. 04-819), filed on September 29, 2004. o MIRIAM CALDERON, INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED, V. AVZ, INC., ET AL., in the MDL Court (Case No.1:04-MD-15864-FPS), filed on September 29, 2004. On March 1, 2006, the MDL Court dismissed all derivative causes of action in the Essenmacher lawsuit but two: (i) the excessive fee claim under Section 36(b) of the Investment Company Act of 1940 (the 1940 Act); and (ii) the "control person liability" claim under Section 48 of the 1940 Act, and all claims asserted in the Lepera class action lawsuit but three: (i) the securities fraud claims under Section 10(b) of the Securities Exchange Act of 1934; (ii) the excessive fee claim under Section 36(b) of the 1940 Act (which survived only insofar as plaintiffs seek recovery of fees associated with the assets involved in market timing); and (iii) the "control person liability" claim under Section 48 of the 1940 Act. On June 14, 2006, the MDL Court entered an order dismissing the Section 48 claim in the derivative (Essenmacher) lawsuit. Based on the MDL Court's March 1, 2006 and June 14, 2006 orders, all claims asserted against the Funds that were transferred to the MDL Court were dismissed, although certain Funds remain nominal defendants in the derivative (Essenmacher) lawsuit. On January 5, 2008, the parties reached an agreement in principle to settle both the class action (Lepera) and the derivative (Essenmacher) lawsuits, subject to the MDL Court approval. On September 15, 2006, Judge Motz for the MDL Court granted the Defendants' motion to dismiss the ERISA (Calderon) lawsuit and dismissed such lawsuit. The Plaintiff appealed this decision. On June 16, 2008, the Fourth Circuit Court of Appeals reversed the dismissal and remanded this lawsuit back to the MDL Court for further proceedings. On December 15, 2008, the parties reached an agreement in principle to settle this lawsuit, subject to the MDL Court approval. No payments are required under the settlement; however, the parties agreed that certain limited changes to benefit plans and participants' accounts would be made. The MDL Court formally approved the settlements on October 25, 2010. There was a brief period to appeal the MDL Court's approval; however, no appeal was filed. This matter is concluded. Other Actions Invesco Municipal Premium Income Municipal Trust ELSIE MAE MELMS REVOCABLE LIVING TRUST, DERIVATIVELY ON BEHALF OF NOMINAL DEFENDANT INVESCO MUNICIPAL PREMIUM INCOME TRUST, PLAINTIFF, V. MORGAN STANLEY INVESTMENT ADVISORS INC., JAMES F. HIGGINS, RANDOLPH TAKIAN, RONALD E. ROBINSON, FRANCIS J. SMITH, CARSTEN OTTO, MARY E. MULLIN, STEFANIE V. CHANG YU, KEVIN KLINGERT, AMY R. DOBERMAN, DENNIS F. SHEA, NEIL STONE, STEVEN K. KREIDER AND MORGAN STANLEY, DEFENDANTS, AND INVESCO MUNICIPAL PREMIUM INCOME TRUST, NOMINAL DEFENDANT. On August 3, 2010, Elsie Mae Melms Revocable Living Trust ("Plaintiff") filed a complaint on behalf of Invesco Municipal Premium Income Trust (the "Trust") against Morgan Stanley Investment Advisors, Inc. ( "MSIA"), current and former trustees and executive officers of the Trust and Morgan Stanley ("Defendants") alleging that they breached their fiduciary duties to common shareholders by causing the Trust to redeem Auction Rate Preferred Securities ("ARPS") at their liquidation value when the secondary market valued the ARPS at a significant discount from their liquidation value. The complaint also alleges that the redemption of the ARPS occurred at the expense of the Trust and its common shareholders. Plaintiff seeks judgment ordering: 1) Defendants to not redeem any ARPS at their liquidation value using Trust assets; 2) awarding monetary damages against all Defendants, individually, jointly or severally, in favor of the Trust, for all losses and damages allegedly suffered as a result of redemptions of ARPS at their liquidation value; 3) awarding Plaintiff the costs and disbursements of the action. Plaintiff has requested a trial by jury. The Board has formed a committee to investigate these claims, and the parties to the litigation have agreed to a temporary stay of the litigation pending completion of the investigation. More detailed information regarding each of the civil lawsuits identified above, including the parties to the lawsuits and summaries of the various allegations and remedies sought, may be found in the Fund's Statement of Additional Information, if applicable. EX-99.77Q1 OTHR EXHB 4 h79126ex77q1a.txt EXHIBIT SUB-ITEM 77Q1(A) CERTIFICATE The undersigned hereby certifies that she is the Secretary of Morgan Stanley Municipal Premium Income Trust (the "Trust"), an unincorporated business trust organized under the laws of the Commonwealth of Massachusetts, that annexed hereto is an Amendment to the Declaration of Trust of the Trust adopted by the Trustees of the Trust on May 21, 2010 as provided in Section 8.3 of the Declaration of Trust of the Trust, said Amendment to take effect on June 1, 2010 and I do hereby further certify that such Amendment has not been amended and is on the date hereof in full force and effect. Dated this 21st day of May, 2010 /s/ Mary E. Mullen ---------------------------------------- Mary E. Mullin Secretary SUB-ITEM 77Q1(A) AMENDMENT Dated: May 21, 2010 To be Effective: June 1, 2010 TO MORGAN STANLEY MUNICIPAL PREMIUM INCOME TRUST DECLARATION OF TRUST DATED November 15, 1988 SUB-ITEM 77Q1(A) MORGAN STANLEY MUNICIPAL PREMIUM INCOME TRUST AMENDMENT TO THE DECLARATION OF TRUST WHEREAS, Morgan Stanley Municipal Premium Income Trust (the "Trust") was established by the Declaration of Trust dated November 15, 1988, as amended from time to time (the "Declaration"), under the laws of the Commonwealth of Massachusetts; WHEREAS, Section 8.3 of the Declaration provides that the Trustees may amend the Declaration without the vote or consent of Shareholders to change the name of the Trust; WHEREAS, the Trustees of the Trust have deemed it advisable to change the name of the Trust to "Invesco Municipal Premium Income Trust"; WHEREAS, Section 8.3 of the Declaration further provides that the Trustees may amend the Declaration without the vote or consent of Shareholders for any purpose which does not adversely affect the rights of any Shareholder with respect to which the amendment is or purports to be applicable; WHEREAS, the Trustees of the Trust have deemed it advisable to increase the maximum number of Trustees provided for under the Declaration; WHEREAS, the Trustees of the Trust have deemed it advisable to change the resident agent of the Trust in the Commonwealth of Massachusetts; and WHEREAS, the Trustees of the Trust have deemed it advisable to set forth the principal place of business of the Trust in the Declaration; NOW, THEREFORE: I. Section 1.1 of Article I of the Declaration is hereby amended so that such Section shall read in its entirety as follows: Section 1.1. Name. The name of the Trust created hereby is the Invesco Municipal Premium Income Trust and so far as may be practicable the Trustees shall conduct the Trust's activities, execute all documents and sue or be sued under that name, which name (and the word "Trust" whenever herein used) shall refer to the Trustees as Trustees, and not as individuals, or personally, and shall not refer to the officers, agents, employees or Shareholders of the Trust. Should the Trustees determine that the use of such name is not advisable, they may use such other name for the Trust as they deem proper and the Trust may hold its property and conduct its activities under such other name. II. Subsection (r) of Section 1.2 of Article I of the Declaration is hereby amended so that such Subsection shall read in its entirety as follows: Section 1.2. Definitions . . . (r) "Trust" means the Invesco Municipal Premium Income Trust. SUB-ITEM 77Q 1 (A) III. Section 2.1 of Article II of the Declaration is hereby amended so that such Section shall read in its entirety as follows: Section 2.1. Number of Trustees. The number of Trustees shall be such number as shall be fixed from time to time by a written instrument signed by a majority of the Trustees, provided, however, that the number of Trustees shall in no event be less than three (3) nor more than nineteen (19) except as such number shall be increased in connection with the rights of the holders of the Preferred Shares to elect a majority of the Trustees as provided in Section 6.1 hereof. No reduction in the number of Trustees shall have the effect of removing any Trustee from office prior to the expiration of his term unless the Trustee is specifically removed pursuant to Section 2.2 of this Article II at the time of decrease. IV. Section 10.2 of Article X of the Declaration is hereby amended so that such Section shall read in its entirety as follows: Section 10.2. Resident Agent. CT Corporation System, 155 Federal Street, Ste. 700, Boston, Massachusetts 02110 is the resident agent of the Trust in the Commonwealth of Massachusetts. V. Section 10.7 of Article X of the Declaration is hereby deleted in its entirety and replaced with the following: Section 10.7. Principal Place of Business. The principal place of business of the Trust shall be 1555 Peachtree Street, N.E., Atlanta, Georgia 30309, or such other location as the Trustees may designate from time to time. VI. The Trustees of the Trust hereby reaffirm the Declaration, as amended, in all respects. VII. The undersigned hereby certify that this instrument has been duly adopted in accordance with the provisions of the Declaration. VIII. This amendment may be executed in more than one counterpart, each of which shall be deemed an original, but all of which together shall constitute one and the same document. SUB-ITEM 77Q 1 (A) IN WITNESS THEREOF, the undersigned, the Trustees of the Trust, have executed this instrument this 21st day of May, 2010. /s/ Frank L Bowman /s/ Michael Bozic - ---------------------------------------------------- ------------------------------------------------------- Frank L. Bowman, as Trustee, and not individually Michael Bozic, as Trustee, and not individually c/o Kramer Levin Naftalis & Frankel LLP c/o Kramer Levin Naftalis & Frankel LLP Counsel to the Independent Trustees Counsel to the Independent Trustees 1177 Avenue of the Americas New York, NY 10036 1177 Avenue of the Americas New York, NY 10036 /s/ Kathleen A. Dennis /s/ Dr. Manuel H. Johnson - ---------------------------------------------------- ------------------------------------------------------- Kathleen A. Dennis, as Trustee, and not individually Dr. Manuel H. Johnson, as Trustee, and not individually c/o Kramer Levin Naftalis & Frankel LLP c/o Johnson Smick Group, Inc. Counsel to the Independent Trustees 888 16th Street, N.W., Suite 740 1177 Avenue of the Americas Washington, D.C. 20006 New York, NY 10036 /s/ James F. Higgins /s/ Joseph J. Kearns - ---------------------------------------------------- ------------------------------------------------------- James F. Higgins, as Trustee, and not individually Joseph J. Kearns, as Trustee, and not individually c/o Morgan Stanley Trust c/o Kearns & Associates LLC Harborside Financial Center, Plaza Two PMB754, 23852 Pacific Coast Highway Jersey City, NJ 07311 Malibu, CA 90265 /s/ Michael F. Klein /s/ Michael E. Nugent - ---------------------------------------------------- ------------------------------------------------------- Michael F. Klein, as Trustee, and not individually Michael E. Nugent, as Trustee, and not individually c/o Kramer Levin Naftalis & Frankel LLP c/o Triumph Capital, L.P. Counsel to the Independent Trustees 445 Park Avenue 1177 Avenue of the Americas New York, NY 10022 New York, NY 10036 /s/ W. Allen Reed /s/ Fergus Reid - ---------------------------------------------------- ------------------------------------------------------- W. Allen Reed, as Trustee, and not individually Fergus Reid, as Trustee, and not individually c/o Kramer Levin Naftalis & Frankel LLP c/o Lumelite Plastics Corporation Counsel to the Independent Trustees 85 Charles Colman Blvd. 1177 Avenue of the Americas Pawling, NY 12564 New York, NY 10036
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