-----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, FH+1ewdNWrNjIJVXdMRyqG48vUjogyJFNyxbJ1bIg5EjFu/czLmXMjxkouscqTPj cp0MmKKkSlUzkTZvmJ5mvQ== 0000021832-00-000057.txt : 20000428 0000021832-00-000057.hdr.sgml : 20000428 ACCESSION NUMBER: 0000021832-00-000057 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000601 FILED AS OF DATE: 20000420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL HIGH INCOME MUNICIPAL TRUST CENTRAL INDEX KEY: 0000845606 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: SEC FILE NUMBER: 811-05754 FILM NUMBER: 605184 BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CTR CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6174263750 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COLONIAL INVESTMENT GRADE MUNICIPAL TRUST CENTRAL INDEX KEY: 0000847411 STANDARD INDUSTRIAL CLASSIFICATION: FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PRE 14A SEC ACT: SEC FILE NUMBER: 811-05785 FILM NUMBER: 605185 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 STANDARD INDUSTRIAL CLASSIFICATION: FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: PRE 14A SEC ACT: SEC FILE NUMBER: 811-05851 FILM NUMBER: 605186 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 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: SEC FILE NUMBER: 001-15411 FILM NUMBER: 605187 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 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: PRE 14A SEC ACT: SEC FILE NUMBER: 001-15415 FILM NUMBER: 605188 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 STANDARD INDUSTRIAL CLASSIFICATION: STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: PRE 14A SEC ACT: SEC FILE NUMBER: 001-15417 FILM NUMBER: 605189 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 PRE 14A 1 PRELIMINARY PROXY (NEWPORT CHANGE) 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL HIGH INCOME MUNICIPAL TRUST ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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: 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL INVESTMENT GRADE MUNICIPAL TRUST ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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: 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL INTERMARKET INCOME TRUST I ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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: 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL CALIFORNIA INSURED MUNICIPAL FUND ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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: 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL INSURED MUNICIPAL FUND ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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: 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 [ ] Confidential, For Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) [ X ] Definitive Proxy Statement [ ] Definitive Additional Materials [ ] Soliciting Material Pursuant to Rule 14a-11(c) or Rule 14a-12 COLONIAL NEW YORK INSURED MUNICIPAL FUND ------------------------------------------ (Name of Registrant as Specified In Its Charter) ------------------------------------------ (Name of Person(s) Filing Proxy Statement, if Other Than the Registrant) Payment of Filing Fee (Check the appropriate box): [ X ] No fee required. [ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(1) 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 HIGH INCOME MUNICIPAL TRUST COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL INTERMARKET INCOME TRUST I COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL INSURED MUNICIPAL FUND COLONIAL NEW YORK INSURED MUNICIPAL FUND ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111 (617) 426-3750 Dear Shareholder: Each of the above-listed funds (Funds) will hold its Annual Meeting of Shareholders (Meeting) on May 24, 2000, at 10:00 a.m., Eastern time, at the offices of Colonial Management Associates, Inc., the investment advisor to each of the Funds. A formal Notice of Annual Meetings of Shareholders appears on the next page, followed by the proxy statement which explains in more detail the proposals to be considered. We hope that you can attend the Meetings in person; however, we urge you in any event to vote your shares at your earliest convenience. YOUR VOTE IS IMPORTANT, REGARDLESS OF THE NUMBER OF SHARES YOU OWN. PLEASE HELP YOUR FUND AVOID THE EXPENSE OF A FOLLOW-UP MAILING BY VOTING TODAY! Please take a few moments to review the details of each proposal. We appreciate your participation and prompt response in these matters, and thank you for your continued support. Sincerely, /s/ Stephen E. Gibson Stephen E. Gibson, President April 21, 2000 G-60/059B-0400 COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL INTERMARKET INCOME TRUST I COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL INSURED MUNICIPAL FUND COLONIAL NEW YORK INSURED MUNICIPAL FUND One Financial Center, Boston, Massachusetts 02111 (617) 426-3750 NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS TO BE HELD MAY 24, 2000 Dear Shareholder: Annual Meetings of Shareholders (Meetings) of the above-listed funds will be held at the offices of Colonial Management Associates, Inc. (Advisor), One Financial Center, Boston, Massachusetts, on Wednesday, May 24, 2000, at 10:00 a.m., Eastern time. The purpose of the Meetings is to consider and act upon the following proposals and to transact such other business as may properly come before the Meetings or any adjournment thereof: 1. Elect Trustees as outlined below; 1.A. Colonial High Income Municipal Trust: (i) Three Trustees to be elected by the holders of Common Shares and Municipal Auction Rate Cumulative Preferred Shares (Preferred Shares), 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. 1.B. Colonial Investment Grade Municipal Trust: (i) Four Trustees to be elected by the holders of Common Shares and Preferred Shares, 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. 1.C. Colonial InterMarket Income Trust I: Elect five Trustees. 1 1.D. Colonial California Insured Municipal Fund: (i) Nine Trustees to be elected by the holders of Common Shares and Preferred Shares, 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. 1.E. Colonial Insured Municipal Fund: (i) Nine Trustees to be elected by the holders of Common Shares and Preferred Shares, 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. 1.F. Colonial New York Insured Municipal Fund: (i) Nine Trustees to be elected by the holders of Common Shares and Preferred Shares, 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. 2. Ratify the selection of independent accountants; and 3. Transact such other business as may properly come before the Meetings or any adjournment thereof. By order of the Trustees, Nancy L. Conlin, Secretary April 21, 2000 NOTICE: YOUR VOTE IS IMPORTANT, REGARDLESS OF THE NUMBER OF SHARES YOU OWN. IF A QUORUM IS NOT PRESENT AT ANY MEETING, ADDITIONAL EXPENSES WILL BE INCURRED TO SOLICIT ADDITIONAL PROXIES. TO AVOID THESE COSTS TO YOUR FUND, PLEASE VOTE, SIGN AND RETURN YOUR PROXY IN THE ENCLOSED POSTAGE-PAID ENVELOPE IMMEDIATELY. 2 COLONIAL HIGH INCOME MUNICIPAL TRUST COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COLONIAL INTERMARKET INCOME TRUST I COLONIAL CALIFORNIA INSURED MUNICIPAL FUND COLONIAL INSURED MUNICIPAL FUND COLONIAL NEW YORK INSURED MUNICIPAL FUND PROXY STATEMENT General Information April 21, 2000 The enclosed proxy, which was first mailed on or about April 21, 2000, is solicited by the Trustees of the above-listed funds (Funds) for use at the Meetings. All properly executed proxies received in time for the Meetings will be voted as specified in the proxy or, if no specification is made, in favor of each proposal referred to in the Proxy Statement. The proxy may be revoked prior to its exercise by a later dated proxy, by written revocation received by the Secretary or by voting in person. Solicitation of proxies may be made by mail, telephone, telegraph, telecopy and personal interviews. Authorization to execute proxies may be obtained by telephonically or electronically transmitted instructions. The Funds will bear the cost of solicitation which includes the printing and mailing of proxy materials and the tabulation of votes. By voting as soon as you receive your proxy materials, you will help to reduce the cost of any additional mailings. With respect to Colonial High Income Municipal Trust, Colonial Investment Grade Municipal Trust, and Colonial InterMarket Income Trust I, holders of a majority of the shares outstanding and entitled to vote constitute a quorum and must be present in person or represented by proxy for business to be transacted at a Meeting; provided, however, that with respect to the election of certain Trustees by the holders of the Municipal Auction Rate Cumulative Preferred Shares (Preferred Shares) only, a majority of the aggregate number of Preferred Shares outstanding and entitled to vote shall be necessary to constitute a quorum for the transaction of business. With respect to Colonial California Insured Municipal Fund, Colonial Insured Municipal Fund, and Colonial New York Insured Municipal Fund, holders of 30% of the shares outstanding and 3 entitled to vote constitute a quorum and must be present in person or represented by proxy for business to be transacted at a Meeting; provided, however, that with respect to the election of certain Trustees by the holders of the Preferred Shares only, a majority of the aggregate number of Preferred Shares outstanding and entitled to vote shall be necessary to constitute a quorum for the transaction of business. On March 1, 2000, the Funds had outstanding the following shares of beneficial interest:
- - - -------------------------------------------------------------------------------- COMMON PREFERRED FUND SHARES SHARES - - - -------------------------------------------------------------------------------- Colonial High Income Municipal Trust (CHIMT) 31,078,028 4,800* - - - -------------------------------------------------------------------------------- Colonial Investment Grade Municipal Trust 11,509,000 2,400 (CIGMT) - - - -------------------------------------------------------------------------------- Colonial InterMarket Income Trust I (CIITI) ** 11,009,000 0 - - - -------------------------------------------------------------------------------- Colonial California Insured Municipal Fund 2,766,666 978 (CCIMF) - - - -------------------------------------------------------------------------------- Colonial Insured Municipal Fund (CIMF) 4,226,678 1,492 - - - -------------------------------------------------------------------------------- Colonial New York Insured Municipal Fund 1,606,666 564 (CNYIMF) - - - --------------------------------------------------------------------------------
* Consists of 2,400 Series T Shares and 2,400 Series W Shares. ** Colonial InterMarket Income Trust I has only one class of shares outstanding. For purposes of this Proxy Statement only, these shares may be referred to as "Common Shares." Shareholders of record at the close of business on March 1, 2000, will have one vote for each share held. On March 1, 2000, the following persons were known to beneficially own of record more than 5% of the outstanding securities of the Funds: 4
- - - -------------------------------------------------------------------------------- PERCENTAGE CLASS OF NUMBER OF OF SHARES FUND SHARES NAME AND ADDRESS SHARES OWNED OWNED - - - -------------------------------------------------------------------------------- CHIMT Common Cede & Co. Fast 26,777,668 86% 7 Hanover Square 23rd Floor New York, NY 10004 - - - --------------------------- ------------------------- CIGMT Common 9,677,488 84% - - - --------------------------- ------------------------- CIITI Common 9,430,663 86% - - - --------------------------- ------------------------- CCIMF Common 2,662,530 96% - - - --------------------------- ------------------------- CIMF Common 4,151,889 98% - - - --------------------------- ------------------------- CNYIMF Common 1,592,493 99% - - - --------------------------------------------------------------------------------
Votes cast by proxy or in person at any Meeting will be counted by persons appointed by the Fund to act as election tellers for the Meeting. The tellers will count the total number of votes cast "for" approval of the proposals for purposes of determining whether sufficient affirmative votes have been cast. Where a shareholder withholds authority or abstains, or the proxy reflects a "broker non-vote" (i.e., shares held by brokers or nominees as to which (i) instructions have not been received from the beneficial owners or persons entitled to vote and (ii) the broker or nominee does not have discretionary voting power on a particular matter) the shares will be counted as present and entitled to vote for purposes of determining the presence of a quorum. With respect to the election of Trustees and ratification of independent accountants, withheld authority, abstentions and broker non-votes have no effect on the outcome of the voting. Further information concerning each Fund is contained in its most recent Annual Report to shareholders, which is obtainable free of charge by writing Colonial Management Associates, Inc. (Advisor) at One Financial Center, Boston, MA 02111 or by calling 1-800-426-3750. 1. ELECTION OF TRUSTEES. 1.A. COLONIAL HIGH INCOME MUNICIPAL TRUST. Messrs. Grinnell, Mayer and Moody (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 Municipal Auction Rate Cumulative Preferred Shares (Preferred Shares), voting together as a single class. Each will serve for three years or until a successor is elected. Messrs. Macera and Stitzel (who have each agreed to serve) are 5 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 currently consists of Mss. Collins and Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel, and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. The Board of Trustees (other than Messrs. Macera 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), and shall be voted on by both the Common Shares and Preferred Shares: 2001 2002 2003 - - - ---- ---- ---- Mr. Bleasdale Mr. Carberry Mr. Grinnell Mr. Lowry Ms. Collins Mr. Mayer Mr. Neuhauser Mr. Moody Ms. Verville Messrs. Macera and Stitzel are elected annually by the holders of Preferred Shares. REQUIRED VOTE With respect to Messrs. Grinnell, Mayer and Moody, the affirmative vote of a plurality of the holders of the 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. Macera 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. Bleasdale, Mayer, Moody and Neuhauser (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. Each will serve three years, or 6 until a successor is elected. Messrs. Macera 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 currently consists of Mss. Collins and Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. The Board of Trustees (other than Messrs. Macera 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) and shall be voted on by both the Common Shares and Preferred Shares: 2001 2002 2003 - - - ---- ---- ---- Ms. Verville Ms. Collins Mr. Bleasdale Mr. Lowry Mr. Carberry Mr. Mayer Mr. Grinnell Mr. Moody Mr. Neuhauser Messrs. Macera and Stitzel are elected annually by the holders of the Preferred Shares. REQUIRED VOTE With respect to the election of Messrs. Bleasdale, Mayer, Moody and Neuhauser, the affirmative vote of a plurality of the holders of the 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. Macera 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. Bleasdale, Carberry, Macera and Neuhauser, and Ms. Collins (who have each agreed to serve) are proposed for election as Trustees of the Fund. Each will serve three years, or until a successor is elected. The Board of Trustees currently consists of Mss. Collins and 7 Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. 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): 2001 2002 2003 - - - ---- ---- ---- Mr. Lowry Mr. Grinnell Mr. Bleasdale Mr. Mayer Mr. Moody Mr. Carberry Mr. Stitzel Ms. Collins Ms. Verville Mr. Macera Mr. Neuhauser REQUIRED VOTE The affirmative vote of a plurality of the holders of shares of beneficial interest, present at the Meeting in person or by proxy, is required for the election of each Trustee. 1.D. COLONIAL CALIFORNIA INSURED MUNICIPAL FUND. Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville (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. Macera 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 currently consists of Mss. Collins and Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. The Board of Trustees (other than Messrs. Macera 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) and shall be voted on by both the Common Shares and Preferred Shares: 8 2001 2002 2003 - - - ---- ---- ---- Mr. Bleasdale Mr. Grinnell Mr. Moody Mr. Carberry Mr. Lowry Mr. Neuhauser Ms. Collins Mr. Mayer Ms. Verville Messrs. Macera and Stitzel are elected annually by the holders of Preferred Shares. REQUIRED VOTE With respect to the election of Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville, the affirmative vote of a plurality of the holders of the 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. Macera 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. Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville (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. Macera 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 currently consists of Mss. Collins and Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. The Board of Trustees (other than Messrs. Macera 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 9 Meeting) and shall be voted on by both the Common Shares and Preferred Shares: 2001 2002 2003 - - - ---- ---- ---- Mr. Bleasdale Mr. Grinnell Mr. Moody Mr. Carberry Mr. Lowry Mr. Neuhauser Ms. Collins Mr. Mayer Ms. Verville Messrs. Macera and Stitzel are elected annually by the holders of Preferred Shares. REQUIRED VOTE With respect to the election of Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville, the affirmative vote of a plurality of the holders of the 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. Macera 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.F. Colonial New York Insured Municipal Fund. Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville (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. Macera 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 currently consists of Mss. Collins and Verville, and Messrs. Bleasdale, Carberry, Grinnell, Lowry, Macera, Mayer, Moody, Neuhauser, Stitzel and Sullivan. Mr. Sullivan will retire as a Trustee of the Fund on April 30, 2000. The Board of Trustees (other than Messrs. Macera 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 10 Meeting) and shall be voted on by both the Common Shares and Preferred Shares: 2001 2002 2003 - - - ---- ---- ---- Mr. Bleasdale Mr. Grinnell Mr. Moody Mr. Carberry Mr. Lowry Mr. Neuhauser Ms. Collins Mr. Mayer Ms. Verville Messrs. Macera and Stitzel are elected annually by the holders of Preferred Shares. REQUIRED VOTE With respect to the election of Messrs. Bleasdale, Carberry, Grinnell, Lowry, Mayer, Moody and Neuhauser, and Mss. Collins and Verville, the affirmative vote of a plurality of the holders of the 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. Macera 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. FOR INFORMATION REGARDING THE BOARD OF TRUSTEES AND EXECUTIVE OFFICERS OF YOUR FUND, SEE EXHIBITS A AND B TO THIS PROXY STATEMENT. TRUSTEES' COMPENSATION FOR INFORMATION REGARDING THE COMPENSATION RECEIVED BY THE TRUSTEES OF YOUR FUND FOR SERVING AS TRUSTEES FOR THE FISCAL YEAR ENDED NOVEMBER 30, 1999, AND FOR THE CALENDAR YEAR ENDED DECEMBER 31, 1999, SEE EXHIBIT C TO THIS PROXY STATEMENT. 11 TRUSTEES' MEETINGS AND COMMITTEES THE FOLLOWING APPLIES TO COLONIAL HIGH INCOME MUNICIPAL TRUST, COLONIAL INVESTMENT GRADE MUNICIPAL TRUST AND COLONIAL INTERMARKET INCOME TRUST I ONLY: During the fiscal year ended November 30, 1999, each Board of Trustees held six meetings. The Audit Committee, consisting of Messrs. Bleasdale, Grinnell, Lowry, Moody, Neuhauser and Sullivan, and as of April 1999, Mr. Macera and Ms. Verville, met four times during the fiscal year ended November 30, 1999. The Committee recommends to the Trustees the independent accountants to serve as auditors, reviews with the independent accountants the results of the auditing engagement and the internal accounting procedures and controls, and considers the independence of the independent accountants, the range of their audit services and their fees. The Compensation Committee, consisting of Ms. Collins and Messrs. Birnbaum, Grinnell, Neuhauser and Stitzel, met twice during the fiscal year ended November 30, 1999. The Committee reviews compensation of the Board of Trustees. The Governance Committee, consisting of Messrs. Bleasdale, Lowry, Mayer, Moody and Sullivan, and as of April 1999, Ms. Verville, met four times during the fiscal year ended November 30, 1999. The Committee in its sole discretion recommends to the Trustees among other things, nominees for Trustee and for appointments to various committees. The Governance Committee will consider candidates for Trustee recommended by shareholders. Written recommendations with supporting information should be directed to the Committee in care of the Fund. During the fiscal year ended November 30, 1999, each of the current Trustees attended more than 75% of the meetings of the Board of Trustees and the committees of which such Trustee is a member. If any of the nominees listed above becomes unavailable for election, the enclosed proxy will be voted for a substitute candidate in the discretion of the proxy holder(s). THE FOLLOWING APPLIES TO COLONIAL CALIFORNIA INSURED MUNICIPAL FUND, COLONIAL INSURED MUNICIPAL FUND AND COLONIAL NEW YORK INSURED MUNICIPAL FUND, WHICH COMMENCED OPERATIONS ON 12 OCTOBER 29, 1999, OCTOBER 29, 1999, AND NOVEMBER 19, 1999, RESPECTIVELY: During the fiscal year ended November 30, 1999, each Board of Trustees held two meetings. The Audit Committee, consisting of Messrs. Bleasdale, Grinnell, Lowry, Moody, Neuhauser and Sullivan, and Ms. Verville, met once during the fiscal year ended November 30, 1999. The Committee recommends to the Trustees the independent accountants to serve as auditors, reviews with the independent accountants the results of the auditing engagement and the internal accounting procedures and controls, and considers the independence of the independent accountants, the range of their audit services and their fees. The Compensation Committee, consisting of Ms. Collins and Messrs. Birnbaum, Grinnell, Neuhauser and Stitzel, met once during the fiscal year ended November 30, 1999. The Committee reviews compensation of the Board of Trustees. The Governance Committee, consisting of Messrs. Bleasdale, Lowry, Mayer, Moody and Sullivan, and Ms. Verville, met twice during the fiscal year ended November 30, 1999. The Committee in its sole discretion recommends to the Trustees among other things, nominees for Trustee and for appointments to various committees. The Governance Committee will consider candidates for Trustee recommended by shareholders. Written recommendations with supporting information should be directed to the Committee in care of the Fund. During the fiscal year ended November 30, 1999, each of the current Trustees attended more than 75% of the meetings of the Board of Trustees and the committees of which such Trustee is a member. If any of the nominees listed above becomes unavailable for election, the enclosed proxy will be voted for a substitute candidate in the discretion of the proxy holder(s). DESCRIPTION OF THE ADVISOR The Advisor to each of the Funds is a wholly-owned subsidiary of Liberty Funds Group, LLC (LFG), which in turn is an indirect wholly-owned subsidiary of Liberty Financial Companies, Inc. (Liberty Financial). Liberty Financial is an indirect majority-owned subsidiary of Liberty Mutual 13 Insurance Company (Liberty Mutual). Liberty Financial is a diversified and integrated asset management organization which provides insurance and investment products to individuals and institutions. Its principal executive offices are located at 600 Atlantic Avenue, 24th Floor, Boston, Massachusetts 02210. Liberty Mutual is an underwriter of workers' compensation insurance and a Massachusetts-chartered mutual property and casualty insurance company. The principal business activities of Liberty Mutual's subsidiaries other than Liberty Financial are property-casualty insurance, insurance services and life insurance (including group life and health insurance products) marketed through its own sales force. Liberty Mutual's principal executive offices are located at 175 Berkeley Street, Boston, Massachusetts 02117. Liberty Mutual is deemed to be the controlling entity of the Advisor and its affiliates. 2. RATIFICATION OF INDEPENDENT ACCOUNTANTS. PricewaterhouseCoopers LLP was selected as independent accountants for each of the Funds for the fiscal year ending November 30, 2000 by unanimous votes of the Boards of Trustees, subject to ratification or rejection by the shareholders. Neither PricewaterhouseCoopers LLP nor any of its partners has any direct or material indirect financial interest in the Funds. A representative of PricewaterhouseCoopers LLP will be available at the Meetings, if requested by a shareholder in writing at least five days before the Meetings, to respond to appropriate questions and make a statement (if the representative desires). REQUIRED VOTE For each of Colonial High Income Municipal Trust, Colonial Investment Grade Municipal Trust, Colonial California Insured Municipal Fund, Colonial Insured Municipal Fund, and Colonial New York Insured Municipal Fund, ratification requires the affirmative vote of a majority of the holders of Common Shares and Preferred Shares, voting together as a single class, present at the respective Meeting in person or by proxy. For Colonial InterMarket Income Trust I, ratification requires the affirmative vote of a majority of the holders of shares of beneficial interest, present at the Meeting in person or by proxy. 14 3. OTHER MATTERS AND DISCRETION OF PROXY HOLDERS NAMED IN THE PROXY. As of the date of this Proxy Statement, only the business mentioned in Proposals 1 and 2 of the Notice of the Meetings is contemplated to be presented. If any procedural or other matters properly come before any one or more of the Meetings, the enclosed proxy (or proxies, as applicable) shall be voted in accordance with the best judgment of the proxy holder(s). The Meetings are to be held simultaneously. In the event that any Fund shareholder at a Meeting objects to the holding of simultaneous Meetings and moves for an adjournment of the Meeting so that the Meeting of the Fund may be held separately, the persons named as proxies will vote in favor of such an adjournment. If a quorum of shareholders is not represented at a Meeting or at any adjournment thereof, or, even though a quorum is so represented, if sufficient votes in favor of the Proposals set forth in the Notice of the Meetings are not received by May 24, 2000, the persons named as proxies may propose one or more adjournments of the Meeting for a period or periods of not more than ninety days in the aggregate and further solicitation of proxies may be made. Any such adjournment may be effected by a majority of the votes properly cast in person or by proxy on the question at the session of the Meeting to be adjourned. The persons named as proxies will vote in favor of such adjournment those proxies which they are entitled to vote in favor of the Proposals set forth in the Notice of the Meetings. They will vote against any such adjournment those proxies required to be voted against any of such Proposals. COMPLIANCE WITH SECTION 16(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Section 16(a) of the Securities Exchange Act of 1934, as amended, and Section 30(f) of the Investment Company Act of 1940, as amended, require the Board of Trustees and executive officers of any Fund, persons who own more than ten percent of any Fund's equity securities (Section 16 reporting persons), the Fund's investment advisor and affiliated persons of the Fund's investment advisor to file with the Securities and Exchange Commission (SEC) initial reports of ownership and reports of changes in ownership of the Fund's shares and to furnish the Fund with copies of all Section 16(a) forms they file. Based solely upon a review of copies of such reports furnished to the Funds, the Funds 15 believe that all of the Trustees and Executive Officers of Colonial California Insured Municipal Fund and Colonial Insured Municipal Fund filed late Forms 3 (Initial Statements of Beneficial Ownership), on which they reported no holdings. DATE FOR RECEIPT OF SHAREHOLDER PROPOSALS Proposals of shareholders which are intended to be considered for inclusion in the Funds' proxy statement relating to the 2001 Annual Meetings of Shareholders of the Funds must be received by the Funds at One Financial Center, Boston, Massachusetts, 02111 on or before December 22, 2000. SHAREHOLDERS ARE URGED TO VOTE, SIGN AND MAIL THEIR PROXIES IMMEDIATELY. 16 EXHIBIT A TRUSTEE INFORMATION The following table sets forth certain information about the Boards of Trustees of the Liberty Funds:
Shares and Percent of Fund Beneficially Owned at March 1, 2000 (2) Name Trustee Principal Occupation (1) and (Age) Since(3) Directorships Robert J. Birnbaum 1995(4) (72) Consultant (formerly Special -0- Counsel, Dechert Price & Rhoads-law). Director or Trustee: Liberty Funds, Liberty All-Star Funds, The Emerging Germany Fund. Tom Bleasdale 1989 Retired (formerly Chairman of -0- (69) the Board and Chief Executive Officer, Shore Bank & Trust Company (banking) from 1992 to 1993). Director or Trustee: Liberty Funds, Empire Company Limited. John V. Carberry * 1998 Senior Vice President of Liberty -0- (53) Financial Companies, Inc. since February, 1998 (Liberty Financial) (formerly Managing Director, Salomon Brothers (investment banking) from December, 1974 to January, 1998). Director or Trustee: Liberty Funds, Liberty All-Star Funds.
17
Shares and Percent of Fund Beneficially Owned at March 1, 2000 (2) Name Trustee Principal Occupation (1) and (Age) Since(3) Directorships Lora S. Collins 1992 Attorney (formerly Attorney with -0- (64) Kramer, Levin, Naftalis & Frankel (law) from September, 1986 to November, 1996). Trustee: Liberty Funds. James E. Grinnell 1995 Private Investor since November, -0- (70) 1988. Director or Trustee: Liberty Funds, Liberty All-Star Funds. Richard W. Lowry 1995 Private Investor since August, -0- (63) 1987. Director or Trustee: Liberty Funds, Liberty All-Star Funds. Salvatore Macera 1998 Private Investor (formerly -0- (68) Executive Vice President and Director of Itek Corporation (electronics) from 1975 to 1981). Trustee: Liberty Funds. William E. Mayer 1994 Partner, Development Capital, -0- (59) LLC (venture capital) (formerly Dean, College of Business and Management, University of Maryland (higher education) from October, 1992 to November, 1996). Director or Trustee: Liberty Funds, Liberty All-Star Funds, Johns Manville, Lee Enterprises.
18
Shares and Percent of Fund Beneficially Owned at March 1, 2000 (2) Name Trustee Principal Occupation (1) and (Age) Since(3) Directorships James L. Moody, Jr. 1989 Retired (formerly Chairman of -0- (68) the Board, Hannaford Bros. Co. (food retailer) from May, 1984 to May, 1997 and Chief Executive Officer, Hannaford Bros. Co. from May, 1973 to May, 1992). Director or Trustee: Liberty Funds, UNUM Product Corporation, IDEXX Laboratories, Inc., Staples, Inc., Empire Company Limited. John J. Neuhauser 1992 Academic Vice President and Dean -0- (56) of Faculties since August, 1999, Boston College (higher education) (formerly Dean, Boston College School of Management (higher education) from September, 1977 to September, 1999). Director or Trustee: Liberty Funds, Liberty All-Star Funds, Saucony, Inc. Thomas E. Stitzel 1998 Business Consultant (formerly -0- (64) Professor of Finance from 1975 to 1999 and Dean from 1977 to 1991, College of Business, Boise State University (higher education), Chartered Financial Analyst. Trustee: Liberty Funds. Robert L. Sullivan 1989(5) Retired (formerly Partner, KPMG -0- (72) Peat Marwick LLP (management consulting) from July, 1966 to June, 1985). Trustee: Liberty Funds.
19
Shares and Percent of Fund Beneficially Owned at March 1, 2000 (2) Name Trustee Principal Occupation (1) and (Age) Since(3) Directorships Anne-Lee Verville 1998 Consultant (formerly General -0- (54) Manager, Global Education Industry from 1994 to 1997, and President, Applications Solutions Division from 1991 to 1994, IBM Corporation (global education and global applications)). Trustee: Liberty Funds, and Enesco Group, Inc.
* Mr. Carberry is an "interested person," as defined in the Investment Company Act of 1940, as amended, because of his affiliation with Liberty Financial (the indirect parent company of the Advisor). On March 1, 2000, Mr. Carberry beneficially owned less than 1% of the then outstanding common shares and other securities of Liberty Financial. (1) Except as otherwise noted, each individual has held the office indicated or other offices in the same company for the last five years. (2) On March 1, 2000, the Trustees and officers of each Fund as a group beneficially owned less than 1% of the then outstanding shares of each Fund. (3) The dates indicated are accurate with the following exceptions: (i) Ms. Collins has been a Trustee of Colonial InterMarket Income Trust I since 1989; (ii) Mr. Moody has been a Trustee of Colonial Investment Grade Municipal Trust since 1992; and (iii) each of the Trustees, except where noted, has been a Trustee of Colonial California Insured Municipal Fund, Colonial Insured Municipal Fund, and Colonial New York Insured Municipal Fund since 1999. (4) Mr. Birnbaum retired as a Trustee of the Funds on December 31, 1999. (5) Mr. Sullivan will retire as a Trustee of the Funds on April 30, 2000. In this Proxy Statement, the "Liberty Funds" means Liberty Funds Trust I, Liberty Funds Trust II, Liberty Funds Trust III, Liberty Funds Trust IV, Liberty Funds Trust V, Liberty Funds Trust VI, Liberty Funds Trust VII, Liberty Funds Trust VIII, Liberty Variable Investment Trust, Colonial High Income Municipal Trust, Colonial InterMarket Income Trust I, Colonial Intermediate High Income Fund, Colonial Investment Grade Municipal Trust, Colonial Municipal Income Trust, Colonial Insured Municipal Fund, 20 Colonial California Insured Municipal Fund, Colonial New York Insured Municipal Fund, Liberty-Stein Roe Advisor Floating Rate Advantage Fund and Colonial Investment Grade Bond Fund. In this Proxy Statement "Liberty All-Star Funds" means Liberty Funds Trust IX, Liberty All-Star Equity Fund and Liberty All-Star Growth Fund, Inc. 21 EXHIBIT B OFFICER INFORMATION The following table sets forth certain information about the executive officers of the Liberty Funds:
Shares and Percent of Fund Beneficially Executive Owned at Name Officer Office with Fund; Principal Occupation (6) March 1, (Age) Since(8) (6) 2000 (7) Stephen E. Gibson President of the Liberty Funds since June, -0- (46) 1998 1998; Chairman of the Board since July, 1998, Chief Executive Officer and President of the Advisor since December, 1996, and Director, since July, 1996 (formerly Executive Vice President from July, 1996 to December, 1996); Director, Chief Executive Officer and President of Liberty Funds Group LLC (LFG) since December, 1998 (formerly Director, Chief Executive Officer and President of The Colonial Group, Inc. (TCG) from December, 1996 to December, 1998); Assistant Chairman of Stein Roe & Farnham Incorporated (SR&F) since August, 1998 (formerly Managing Director of Marketing of Putnam Investments, June, 1992 to July, 1996).
22
Shares and Percent of Fund Beneficially Executive Owned at Name Officer Office with Fund; Principal Occupation (6) March 1, (Age) Since(8) (6) 2000 (7) J. Kevin Connaughton Controller and Chief Accounting Officer of -0- (35) 1998 the Liberty Funds since February, 1998; Controller of Liberty All-Star Funds since December, 1998; Vice President of the Advisor since February, 1998 (formerly Senior Tax Manager, Coopers & Lybrand, LLP from April, 1996 to January, 1998; Vice President, 440 Financial Group/First Data Investor Services Group from March, 1994 to April, 1996).
23
Shares and Percent of Fund Beneficially Executive Owned at Name Officer Office with Fund; Principal Occupation (6) March 1, (Age) Since(8) (6) 2000 (7) Nancy L. Conlin Secretary of the Liberty Funds since April, -0- (46) 1994 1998 (formerly Assistant Secretary from July, 1994 to April, 1998); Director, Senior Vice President, General Counsel, Clerk and Secretary of the Advisor since April, 1998 (formerly Vice President, Counsel, Assistant Secretary and Assistant Clerk from July, 1994 to April, 1998); Vice President - Legal, General Counsel and Secretary of LFG since December, 1998 (formerly Vice President - Legal, General Counsel, Secretary and Clerk of TCG from April, 1998 to December, 1998; Assistant Clerk from July, 1994 to April, 1998). Joseph R. Palombo Vice President of the Liberty Funds since -0- (46) 1999 April, 1999; Executive Vice President and Director of the Advisor since April, 1999; Executive Vice President and Chief Administrative Officer of LFG since April, 1999 (formerly Chief Operating Officer, Putnam Mutual Funds from 1994 to 1998).
(6) Except as otherwise noted, each individual has held the office indicated or other offices in the same company for the last five years. (7) On March 1, 2000, the Trustees and officers of each Fund as a group beneficially owned less than 1% of the then outstanding shares of the Fund. (8) The dates indicated are accurate with the following exceptions: (i) Ms. Conlin has been an Executive Officer of Colonial Investment Grade Municipal Trust and Colonial InterMarket Income Trust I since 1998; and (ii) each of the Officers, except where noted, has been an Executive Officer of Colonial California Insured Municipal Fund, Colonial Insured Municipal Fund, and Colonial New York Insured Municipal Fund since 1999. 24 EXHIBIT C.1. TRUSTEES' COMPENSATION For the fiscal years and calendar years noted, the Trustees received the following compensation for serving as Trustees(9):
CIITI CHIMT CIGMT Aggregate Total Aggregate Aggregate Compensation Compensation From Compensation From Compensation From From Fund For The Fund Complex Paid Fund For The Fund For The The Fiscal To The Trustees For The Fiscal Year Ended Fiscal Year Ended Year Ended Calendar Year Ended TRUSTEE November 30, 1999 November 30, 1999 November 30, 1999 December 31, 1999(10) - - - --------------- ----------------- ------------------ ----------------- ---------------------- Robert J. Birnbaum(11) $1,434 $987 $961 $97,000 Tom Bleasdale 1,523(12) 1,048(13) 1,010(14) 103,000(18) John V. Carberry(19) N/A N/A N/A N/A Lori S. Collins 1,419 977 951 96,000 James E. Grinnell 1,480 1,019 991 100,000 Richard W. Lowry 1,434 987 960 97,000 Salvatore Macera 1,220 840 735 95,000 William E. Mayer 1,495 1,029 958 101,000 James L. Moody, Jr. 1,347(20) 927(21) 893(22) 91,000(26) John J. Neuhauser 1,499 1,033 1,005 101,252 Thomas E. Stitzel 1,220 840 735 95,000 Robert L. Sullivan(27) 1,542 1,072 1,036 104,100 Anne-Lee Verville 1,418(28) 976(29) 1,004(30) 96,000(34)
25 EXHIBIT C.1. (CONTINUED) TRUSTEES' COMPENSATION For the fiscal years and calendar years noted, the Trustees received the following compensation for serving as Trustees(9):
CNYIMF CCIMF CIMF Aggregate Total Estimated Estimated Compensation Compensation From Compensation From Compensation From From Fund For The Fund Complex Paid Fund For The Fund For The The Fiscal To The Trustees For The Fiscal Year Ending Fiscal Year Ending Year Ending Calendar Year Ended TRUSTEE November 30, 2000 November 30, 2000 November 30, 2000 December 31, 1999(10) - - - --------------- ----------------- ------------------ ----------------- ---------------------- Robert J. Birnbaum(11) $ 0 $ 0 $ 0 $97,000 Tom Bleasdale 845(15) 845(16) 845(17) 103,000(18) John V. Carberry(19) N/A N/A N/A N/A Lori S. Collins 812 812 812 96,000 James E. Grinnell 845 845 845 100,000 Richard W. Lowry 812 812 812 97,000 Salvatore Macera 804 803 803 95,000 William E. Mayer 845 845 845 101,000 James L. Moody, Jr. 845(23) 845(24) 845(25) 91,000(26) John J. Neuhauser 849 849 849 101,252 Thomas E. Stitzel 804 803 803 95,000 Robert L. Sullivan(27) 876 876 876 104,100 Anne-Lee Verville 804(31) 803(32) 803(33) 96,000(34)
26 (9) The Funds do not currently provide pension or retirement plan benefits to the Trustees. (10) On December 31, 1999, the Fund Complex consisted of 51 open-end and 8 closed-end management investment portfolios in the Liberty Funds Group - Boston and 12 open-end management investment portfolios in the Liberty Variable Investment Trust (LVIT) (together, the Fund Complex). (11) Retired as a Trustee of the Funds on December 31, 1999. (12) Includes $787 payable in later years as deferred compensation. (13) Includes $540 payable in later years as deferred compensation. (14) Includes $508 payable in later years as deferred compensation. (15) Includes $431 payable in later years as deferred compensation. (16) Includes $431 payable in later years as deferred compensation. (17) Includes $431 payable in later years as deferred compensation. (18) Includes $52,000 payable in later years as deferred compensation. (19) Does not receive compensation because he is an affiliated Trustee and employee of Liberty Financial Companies, Inc. (Liberty Financial). (20) Total compensation of $1,347 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (21) Total compensation of $927 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (22) Total compensation of $893 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (23) Total estimated compensation of $845 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (24) Total estimated compensation of $845 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (25) Total estimated compensation of $845 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (26) Total compensation of $91,000 for the calendar year ended December 31, 1999 will be payable in later years as deferred compensation. (27) Will retire as a Trustee of the Funds on April 30, 2000. 27 (28) Total compensation of $1,418 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (29) Total compensation of $976 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (30) Total compensation of $1,004 for the fiscal year ended November 30, 1999 will be payable in later years as deferred compensation. (31) Total estimated compensation of $804 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (32) Total estimated compensation of $803 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (33) Total estimated compensation of $803 for the fiscal year ending November 30, 2000 is expected to be payable in later years as deferred compensation. (34) Total compensation of $96,000 for the calendar year ended December 31, 1999 will be payable in later years as deferred compensation. 28 EXHIBIT C.2. TRUSTEES' COMPENSATION For the calendar year ended December 31, 1999, some of the Trustees received the following compensation in their capacities as Trustees or Directors of the Liberty All-Star Equity Fund, Liberty All-Star Growth Fund, Inc., and Liberty Funds Trust IX (together, Liberty All-Star Funds)(35): Total Compensation From Liberty All-Star Funds For The Calendar Trustee Year Ended December 31, 1999 (36) - - - ------- -------------------------------------- Robert J. Birnbaum $25,000 John V. Carberry (37) N/A James E. Grinnell 25,000 Richard W. Lowry 25,000 William E. Mayer 25,000 John J. Neuhauser 25,000 (35) The Liberty All-Star Funds do not currently provide pension or retirement plan benefits to the trustees/directors. (36) Liberty All-Star Funds are advised by Liberty Asset Management Company (LAMCO). LAMCO is an indirect wholly-owned subsidiary of Liberty Financial (an intermediate parent of the Advisor). (37) Does not receive compensation because he is an affiliated trustee and employee of Liberty Financial. 29 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 William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, 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 - - - -------------------------------------------------------------------------------- COLONIAL NEW YORK INSURED MUNICIPAL FUND - - - -------------------------------------------------------------------------------- Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] CONTROL NUMBER: ------------------------- Please be sure to sign and date this Proxy. Date - - - -------------------------------------------------------------------------------- - - - ------------Shareholder sign here--------------Co-owner sign here--------------- 1. ELECTION OF ELEVEN TRUSTEES. (Item 1 of the Notice) (01) TOM BLEASDALE (02) JOHN V. CARBERRY (03) LORA S. COLLINS (04) JAMES E. GRINNELL (05) RICHARD W. LOWRY (06) SALVATORE MACERA (07) WILLIAM E. MAYER (08) JAMES L. MOODY, JR. (09) JOHN J. NEUHAUSER (10) THOMAS E. STITZEL (11) ANNE-LEE VERVILLE FOR ALL WITH- FOR ALL NOMINEES HOLD EXCEPT [ ] [ ] [ ] 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) FOR AGAINST ABSTAIN [ ] [ ] [ ] 3. 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. RECORD DATE SHARES: - - - -------------------------------------------------------------------------------- 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 William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, 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 - - - -------------------------------------------------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST - - - -------------------------------------------------------------------------------- Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] CONTROL NUMBER: ------------------------- Please be sure to sign and date this Proxy. Date - - - -------------------------------------------------------------------------------- - - - ------------Shareholder sign here--------------Co-owner sign here--------------- 1. ELECTION OF FIVE TRUSTEES. (Item 1 of the Notice) (01) JAMES E. GRINNELL (02) SALVATORE MACERA (03) WILLIAM E. MAYER (04) JAMES L. MOODY, JR. (05) THOMAS E. STITZEL FOR ALL WITH- FOR ALL NOMINEES HOLD EXCEPT [ ] [ ] [ ] 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) FOR AGAINST ABSTAIN [ ] [ ] [ ] 3. 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. RECORD DATE SHARES: - - - -------------------------------------------------------------------------------- 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 William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, 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 - - - -------------------------------------------------------------------------------- COLONIAL INVESTMENT GRADE MUNICIPAL TRUST - - - -------------------------------------------------------------------------------- Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] CONTROL NUMBER: ------------------------- Please be sure to sign and date this Proxy. Date - - - -------------------------------------------------------------------------------- - - - ------------Shareholder sign here--------------Co-owner sign here--------------- 1. ELECTION OF SIX TRUSTEES. (Item 1 of the Notice) (01) TOM BLEASDALE (02) SALVATORE MACERA (03) WILLIAM E. MAYER (04) JAMES L. MOODY, JR. (05) JOHN J. NEUHAUSER (06) THOMAS E. STITZEL FOR ALL WITH- FOR ALL NOMINEES HOLD EXCEPT [ ] [ ] [ ] 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) FOR AGAINST ABSTAIN [ ] [ ] [ ] 3. 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. RECORD DATE SHARES: - - - -------------------------------------------------------------------------------- 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 William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, 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 - - - -------------------------------------------------------------------------------- COLONIAL CALIFORNIA INSURED MUNICIPAL FUND - - - -------------------------------------------------------------------------------- Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] CONTROL NUMBER: ------------------------- Please be sure to sign and date this Proxy. Date - - - -------------------------------------------------------------------------------- - - - ------------Shareholder sign here--------------Co-owner sign here--------------- 1. ELECTION OF ELEVEN TRUSTEES. (Item 1 of the Notice) (01) TOM BLEASDALE (02) JOHN V. CARBERRY (03) LORA S. COLLINS (04) JAMES E. GRINNELL (05) RICHARD W. LOWRY (06) SALVATORE MACERA (07) WILLIAM E. MAYER (08) JAMES L. MOODY, JR. (09) JOHN J. NEUHAUSER (10) THOMAS E. STITZEL (11) ANNE-LEE VERVILLE FOR ALL WITH- FOR ALL NOMINEES HOLD EXCEPT [ ] [ ] [ ] 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) FOR AGAINST ABSTAIN [ ] [ ] [ ] 3. 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. RECORD DATE SHARES: - - - -------------------------------------------------------------------------------- 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 William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, 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 - - - -------------------------------------------------------------------------------- COLONIAL INSURED MUNICIPAL FUND - - - -------------------------------------------------------------------------------- Mark box at right if an address change or comment has been noted on the reverse side of this card. [ ] CONTROL NUMBER: ------------------------- Please be sure to sign and date this Proxy. Date - - - -------------------------------------------------------------------------------- - - - ------------Shareholder sign here--------------Co-owner sign here--------------- 1. ELECTION OF ELEVEN TRUSTEES. (Item 1 of the Notice) (01) TOM BLEASDALE (02) JOHN V. CARBERRY (03) LORA S. COLLINS (04) JAMES E. GRINNELL (05) RICHARD W. LOWRY (06) SALVATORE MACERA (07) WILLIAM E. MAYER (08) JAMES L. MOODY, JR. (09) JOHN J. NEUHAUSER (10) THOMAS E. STITZEL (11) ANNE-LEE VERVILLE FOR ALL WITH- FOR ALL NOMINEES HOLD EXCEPT [ ] [ ] [ ] 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) FOR AGAINST ABSTAIN [ ] [ ] [ ] 3. 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. RECORD DATE SHARES: - - - -------------------------------------------------------------------------------- COLONIAL HIGH INCOME MUNICIPAL TRUST COMMON SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF THREE TRUSTEES. (Item 1 of the Notice) James E. Grinnell William E. Mayer James L. Moody, Jr. / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here-------- Date----------- Co-owner sign here---------- Date----------- HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ ------------------------------- COLONIAL INVESTMENT GRADE MUNICIPAL TRUST COMMON SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF FOUR TRUSTEES. (Item 1 of the Notice) Tom Bleasdale William E. Mayer James L. Moody, Jr. John J. Neuhauser / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here---------- Date------------------ Co-owner sign here------------ Date------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ ------------------------------- COLONIAL INTERMARKET INCOME TRUST I This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo 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 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF FIVE TRUSTEES. (Item 1 of the Notice) Tom Bleasdale John V. Carberry Lora S. Collins Salvatore Macera John J. Neuhauser / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here---------- Date------------------ Co-owner sign here------------ Date------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ ------------------------------- COLONIAL CALIFORNIA INSURED MUNCIPAL FUND COMMON SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meetings of Shareholders of Colonial California Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF NINE TRUSTEES. (Item 1 of the Notice) Tom Bleasdale John V. Carberry Lora S. Collins James E. Grinnell Richard W. Lowry William E. Mayer James L. Moody, Jr. John J. Neuhauser Anne-Lee Verville / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here---------- Date------------------ Co-owner sign here------------ Date------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ ------------------------------- COLONIAL INSURED MUNCIPAL FUND COMMON SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meetings of Shareholders of Colonial Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF NINE TRUSTEES. (Item 1 of the Notice) Tom Bleasdale John V. Carberry Lora S. Collins James E. Grinnell Richard W. Lowry William E. Mayer James L. Moody, Jr. John J. Neuhauser Anne-Lee Verville / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here---------- Date------------------ Co-owner sign here------------ Date------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ ------------------------------- COLONIAL NEW YORK INSURED MUNCIPAL FUND COMMON SHARES This Proxy Solicited on Behalf of the Board of Trustees The undersigned shareholder hereby appoints William J. Ballou, Suzan M. Barron, Nancy L. Conlin, Stephen E. Gibson, Timothy J. Jacoby, Russell L. Kane, Joseph R. Palombo and Vincent P. Pietropaolo, each of them proxies of the undersigned, with power of substitution, to vote at the Annual Meetings of Shareholders of Colonial New York Insured Municipal Fund to be held in Boston, Massachusetts, on Wednesday, May 24, 2000, and at any adjournments, as follows on the reverse side of this card. /X/ Please mark votes as in this example. PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE. The Board of Trustees recommends a vote FOR the following items: 1. ELECTION OF NINE TRUSTEES. (Item 1 of the Notice) Tom Bleasdale John V. Carberry Lora S. Collins James E. Grinnell Richard W. Lowry William E. Mayer James L. Moody, Jr. John J. Neuhauser Anne-Lee Verville / / FOR ALL NOMINEES / / WITHHOLD / / FOR ALL NOMINEES EXCEPT 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. PROPOSAL TO RATIFY THE SELECTION OF INDEPENDENT ACCOUNTANTS. (Item 2 of the Notice) / / FOR / / AGAINST / / ABSTAIN 3. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE MEETING. This proxy, when properly executed, will be voted in the manner directed herein and, absent direction, will be voted FOR the Items above. This proxy will be voted in accordance with the holder's best judgment as to any other matter. RECORD DATE SHARES: Mark box at right if address change or comment has been noted on the reverse side of this card. / / Please sign exactly as your 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 full 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. Shareholder sign here---------- Date------------------ Co-owner sign here------------ Date------------------ HAS YOUR ADDRESS CHANGED? DO YOU HAVE ANY COMMENTS? ============================== =============================== - - - ------------------------------ -------------------------------
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