-----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, MKIkEA3Et5KDvWcZvQ4cVZTAYPHgaJliZT3LgJP1aiBSLv1O764R0IBl3OchxGQl aQGQvxRDmJzY8smSa/sqqA== 0000950129-07-006188.txt : 20071217 0000950129-07-006188.hdr.sgml : 20071217 20071214204912 ACCESSION NUMBER: 0000950129-07-006188 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20071217 DATE AS OF CHANGE: 20071214 EFFECTIVENESS DATE: 20071217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AIM INTERNATIONAL MUTUAL FUNDS CENTRAL INDEX KEY: 0000880859 IRS NUMBER: 760352823 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-44611 FILM NUMBER: 071308662 BUSINESS ADDRESS: STREET 1: 11 GREENWAY PLAZA STE 100 CITY: HOUSTON STATE: TX ZIP: 77046 BUSINESS PHONE: 7136261919 MAIL ADDRESS: STREET 1: AIM INTERNATIONAL FUNDS INC STREET 2: 11 GREENWAY PLAZA SUITE 100 CITY: HOUSTON STATE: TX ZIP: 77046 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL FUNDS INC /MD/ DATE OF NAME CHANGE: 20000620 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 20000323 FORMER COMPANY: FORMER CONFORMED NAME: AIM INTERNATIONAL FUNDS INC DATE OF NAME CHANGE: 19920909 0000880859 S000000226 AIM Asia Pacific Growth Fund C000000537 Class A ASIAX C000000538 Class B ASIBX C000000539 Class C ASICX 0000880859 S000000227 AIM European Growth Fund C000000540 Class A AEDAX C000000541 Class B AEDBX C000000542 Class C AEDCX C000000543 Class R AEDRX C000000544 Investor Class EGINX 0000880859 S000000228 AIM Global Aggressive Growth Fund C000000545 Class A AGAAX C000000546 Class B AGABX C000000547 Class C AGACX C000053091 INSTITUTIONAL CLASS 0000880859 S000000229 AIM Global Growth Fund C000000548 Class A AGGAX C000000549 Class B AGGBX C000000550 Class C AGGCX C000053092 INSTITUTIONAL CLASS 0000880859 S000000230 AIM International Growth Fund C000000551 Class A AIIEX C000000552 Class B AIEBX C000000553 Class C AIECX C000000554 Class R AIERX C000023043 Institutional Class AIEVX 0000880859 S000000231 AIM International Core Equity Fund C000000555 Class A IBVAX C000000556 Class B IBVBX C000000557 Class C IBVCX C000000558 Class R IIBRX C000000559 Investor Class IIBCX C000023044 Institutional Class IBVIX 497 1 h52348he497.txt DEFINITIVE MATERIALS PROSPECTUS SUPPLEMENT DATED DECEMBER 14, 2007 THE PURPOSE OF THIS MAILING IS TO PROVIDE YOU WITH CHANGES TO THE CURRENT PROSPECTUS FOR CLASS A, A3, B, C, P, R, AIM CASH RESERVE SHARES, INVESTOR CLASS AND INSTITUTIONAL CLASS SHARES, AS APPLICABLE, OF EACH OF THE FUNDS LISTED BELOW: AIM Asia Pacific Growth Fund AIM High Income Municipal Fund AIM Limited Maturity Treasury Fund AIM Basic Balanced Fund AIM High Yield Fund AIM Mid Cap Basic Value Fund AIM Basic Value Fund AIM Income Allocation Fund AIM Mid Cap Core Equity Fund AIM Capital Development Fund AIM Income Fund AIM Moderate Allocation Fund AIM Charter Fund AIM Independence 2010 Fund AIM Moderate Growth Allocation Fund AIM China Fund AIM Independence 2020 Fund AIM Moderately Conservative Allocation Fund AIM Conservative Allocation Fund AIM Independence 2030 Fund AIM Money Market Fund AIM Constellation Fund AIM Independence 2040 Fund AIM Municipal Bond Fund AIM Developing Markets Fund AIM Independence 2050 Fund AIM Real Estate Fund AIM Diversified Dividend Fund AIM Independence Now Fund AIM Select Equity Fund AIM European Growth Fund AIM Intermediate Government Fund AIM Short-Term Bond Fund AIM European Small CompanyFund AIM International Allocation Fund AIM Small Cap Equity Fund AIM Global Aggressive Growth Fund AIM International Growth Fund AIM Small Cap Growth Fund AIM Global Equity Fund AIM International Small Company Fund AIM Tax-Exempt Cash Fund AIM Global GrowthFund AIM International Total Return Fund AIM Tax-Free Intermediate Fund AIM Global Health Care Fund AIM Japan Fund AIM Total Return Bond Fund AIM Global Real Estate Fund AIM LIBOR Alpha Fund AIM Trimark Endeavor Fund AIM Global Value Fund AIM Large Cap Basic Value Fund AIM Trimark Fund AIM Growth Allocation Fund AIM Large Cap Growth Fund AIM Trimark Small Companies Fund
At a meeting held on December 13, 2007, the Boards of Trustees of AIM Equity Funds, AIM Funds Group, AIM Growth Series, AIM International Mutual Funds, AIM Investment Funds, AIM Investment Securities Funds and AIM Tax-Exempt Funds (each, a "Trust," and together, the "Trusts") approved for one or more of the series portfolios listed above (each, a "Fund," and collectively, the "Funds") each of the following items, each of which also requires approval by Fund shareholders: - - For each Fund, a new sub-advisory agreement between A I M Advisors, Inc. ("AIM") and each of AIM Funds Management Inc., INVESCO Asset Management Deutschland, GmbH, INVESCO Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Global Asset Management (N.A.), Inc., Invesco Hong Kong Limited, Invesco Institutional (N.A.), Inc. and Invesco Senior Secured Management, Inc. AIM and the Trusts' Boards of Trustees (the "Boards") believe that the proposed sub-advisory agreement would benefit the Funds and their shareholders by permitting AIM to utilize the additional resources and talent of these nine affiliated sub-advisers in managing the Funds. Because AIM would pay all of the sub-advisory fees of the sub-advisers, the proposed sub-advisory agreement would not affect the fees the Funds pay to AIM pursuant to their advisory agreements. - - For each Fund, an amendment to the applicable Trust's Agreement and Declaration of Trust that would permit the Board to terminate the Trust, a Fund or a share class without a shareholder vote. The proposed amendment would give each Board the flexibility to terminate a Trust, a Fund or a share class of a Fund if circumstances warrant without the commensurate expense of seeking a shareholder vote. The Boards would terminate a Trust, a Fund or a share class only if they found that doing so was in the best interests of the shareholders of such Trust, Fund or share class, as applicable. The Boards of Trustees have called a meeting of each Fund's shareholders to be held on or about February 29, 2008, to vote on these and other proposals. Only shareholders of record as of November 30, 2007, will be entitled to vote at the meeting. Proposals that are approved by shareholders are expected to become effective on or about May 1, 2008. 1 On or about March 31, 2008, the following entities that service the AIM Funds will be changing their names as follows:
CURRENT NAME NEW NAME A I M Advisors, Inc. Invesco Aim Advisors, Inc. A I M Capital Management, Inc. Invesco Aim Capital Management, Inc. A I M Distributors, Inc. Invesco Aim Distributors, Inc. AIM Investment Services, Inc. Invesco Aim Investment Services, Inc. A I M Management Group Inc. Invesco Aim Management Group, Inc. AIM Private Asset Management, Inc. Invesco Aim Private Asset Management, Inc. INVESCO Asset Management Limited Invesco Asset Management Limited
In addition, the following entities that service the AIM Funds have changed their names as follows:
OLD NAME NEW NAME INVESCO Asset Management (Japan) Limited Invesco Asset Management (Japan) Limited INVESCO Global Asset Management (N.A.), Inc. Invesco Global Asset Management (N.A.), Inc. INVESCO Hong Kong Limited Invesco Hong Kong Limited INVESCO Institutional (N.A.), Inc. Invesco Institutional (N.A.), Inc. INVESCO Senior Secured Management, Inc. Invesco Senior Secured Management, Inc.
2 PROSPECTUS SUPPLEMENT DATED DECEMBER 14, 2007 THE PURPOSE OF THIS MAILING IS TO PROVIDE YOU WITH CHANGES TO THE CURRENT PROSPECTUS FOR CLASS A, A3, B, C, P, R, AIM CASH RESERVE SHARES, INVESTOR CLASS AND INSTITUTIONAL SHARES, AS APPLICABLE, OF EACH OF THE FUNDS LISTED BELOW: AIM Energy Fund AIM Leisure Fund AIM Financial Services Fund AIM Technology Fund AIM Gold & Precious Metals Fund AIM Utilities Fund AIM International Core Equity Fund
At a meeting held on December 13, 2007, the Boards of Trustees of AIM International Mutual Funds and AIM Sector Funds (each, a "Trust," and together, the "Trusts") approved for one or more of the series portfolios listed above (each, a "Fund," and collectively, the "Funds") each of the following items, each of which also requires approval by Fund shareholders: - - For each Fund, a new sub-advisory agreement between A I M Advisors, Inc. ("AIM") and each of AIM Funds Management Inc., INVESCO Asset Management Deutschland, GmbH, INVESCO Asset Management Ltd., Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Global Asset Management (N.A.), Inc., Invesco Hong Kong Limited, Invesco Institutional (N.A.), Inc. and Invesco Senior Secured Management, Inc. AIM and the Trusts' Boards of Trustees (the "Boards") believe that the proposed sub-advisory agreement would benefit the Funds and their shareholders by permitting AIM to utilize the additional resources and talent of these nine affiliated sub-advisers in managing the Funds. Because AIM would pay all of the sub-advisory fees of the sub-advisers, the proposed sub-advisory agreement would not affect the fees the Funds pay to AIM pursuant to their advisory agreements. - - For each Fund, changing certain of its fundamental investment restrictions. The proposed revisions to the fundamental investment restrictions are described in a supplement to these Funds' Statements of Additional Information. The proposed revisions would conform the restrictions for these Funds to a set of uniform model restrictions under which most of the mutual funds advised by AIM operate and would provide the Funds with as much investment flexibility as is possible under the Investment Company Act of 1940. - - For AIM Financial Services Fund, changing its sub-classification from diversified to non-diversified and eliminating a related fundamental investment restriction. Changing AIM Financial Services Fund's status to non-diversified would provide AIM with enhanced flexibility in managing the assets of the Fund. Specifically, the Fund's portfolio managers would be able to invest a greater percentage of the overall portfolio in positions which individually are more than 5% of the Fund's total assets. - - For each Fund, making its investment objective non-fundamental. Making these Funds' investment objectives non-fundamental would give the Boards additional flexibility to make appropriate changes to the investment objectives to respond to new developments and changing trends in the market place without the commensurate expense of seeking a shareholder vote. If made non-fundamental, the Boards would be able to modify the Funds' investment objectives when deemed appropriate. - - For each Fund, an amendment to the applicable Trust's Agreement and Declaration of Trust that would permit the Board to terminate the Trust, a Fund or a share class without a shareholder vote. The proposed amendment would give each Board the flexibility to terminate a Trust, a Fund or a share class of a Fund if circumstances warrant without the commensurate expense of seeking a shareholder vote. The Boards would terminate a Trust, a Fund or a share class only if they found that doing so was in the best interests of the shareholders of such Trust, Fund or share class, as applicable. The Boards of Trustees have called a meeting of each Fund's shareholders to be held on or about February 29, 2008, to vote on these and other proposals. Only shareholders of record as of November 30, 2007, will be entitled to vote at the meeting. Proposals that are approved by shareholders are expected to become effective on or about May 1, 2008. 1 On or about March 31, 2008, the following entities that service the AIM Funds will be changing their names as follows:
CURRENT NAME NEW NAME A I M Advisors, Inc. Invesco Aim Advisors, Inc. A I M Capital Management, Inc. Invesco Aim Capital Management, Inc. A I M Distributors, Inc. Invesco Aim Distributors, Inc. AIM Investment Services, Inc. Invesco Aim Investment Services, Inc. A I M Management Group Inc. Invesco Aim Management Group, Inc. AIM Private Asset Management, Inc Invesco Aim Private Asset Management, Inc. INVESCO Asset Management Limited Invesco Asset Management Limited
In addition, the following entities that service the AIM Funds have changed their names as follows:
OLD NAME NEW NAME INVESCO Asset Management (Japan) Limited Invesco Asset Management (Japan) Limited INVESCO Global Asset Management (N.A.), Inc. Invesco Global Asset Management (N.A.), Inc. INVESCO Hong Kong Limited Invesco Hong Kong Limited INVESCO Institutional (N.A.), Inc. Invesco Institutional (N.A.), Inc. INVESCO Senior Secured Management, Inc. Invesco Senior Secured Management, Inc.
2 STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT DATED DECEMBER 14, 2007 THE PURPOSE OF THIS MAILING IS TO PROVIDE YOU WITH CHANGES TO THE CURRENT STATEMENT OF ADDITIONAL INFORMATION FOR CLASS A, A3, B, C, P, R, AIM CASH RESERVE SHARES, INVESTOR CLASS AND INSTITUTIONAL CLASS SHARES, AS APPLICABLE, OF EACH OF THE FUNDS LISTED BELOW: AIM Asia Pacific Growth Fund AIM Global Aggressive Growth Fund AIM International Growth Fund AIM Energy Fund AIM Global Growth Fund AIM Leisure Fund AIM European Growth Fund AIM Gold & Precious Metals Fund AIM Technology Fund AIM Financial Services Fund AIM International Core Equity Fund AIM Utilities Fund
At a meeting held on December 13, 2007, the Boards of Trustees (each, a "Board," and collectively, the "Boards") of AIM International Mutual Funds and AIM Sector Funds (each, a "Trust," and together, the "Trusts") approved changing certain of the fundamental investment restrictions of each of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund (each, a "Fund," and collectively, the "Funds"), which also requires shareholder approval. The Board of AIM Sector Funds also approved changing the sub-classification under the Investment Company Act of 1940 (the "1940 Act") of AIM Financial Services Fund from a diversified fund to a non-diversified fund, which also requires shareholder approval. The Boards have called a meeting of each Fund's shareholders to be held for such purposes on or about February 29, 2008, to vote on these and other proposals. Only shareholders of record as of November 30, 2007, are entitled to vote at the meeting. Proposals that are approved by shareholders are expected to become effective on or about May 1, 2008. Each proposed change to the Funds' fundamental investment restrictions is discussed below. The proposed fundamental investment restrictions will provide the Funds with the ability to operate under new interpretations of the 1940 Act or pursuant to exemptive relief from the Securities and Exchange Commission ("SEC") without receiving prior shareholder approval. This flexibility is referred to in the proposed investment restrictions as being permitted by the "1940 Act Laws, Interpretations and Exemptions." If the proposed fundamental investment restrictions are approved, the Boards will adopt corresponding non-fundamental investment restrictions, as applicable and set forth below, that will function as internal operating guidelines for A I M Advisors, Inc. ("AIM"), the Funds' investment advisor, to follow in managing the Funds. If circumstances change, the Boards may change or eliminate any non-fundamental investment restriction in the future without shareholder approval. For each existing or proposed fundamental or non-fundamental restriction, if a percentage restriction is adhered to at the time of an investment or transaction, a later increase or decrease in percentage resulting from a change in the values of the Funds' portfolio securities or the amount of its total assets will not be considered a violation of the restriction (with the exception of borrowing money from banks). MODIFICATION OF FUNDAMENTAL RESTRICTION ON ISSUER DIVERSIFICATION - Applies to shareholders of AIM Energy Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund If approved by shareholders, the existing fundamental restriction with regard to issuer diversification would be changed to read as follows: "The Fund is a "diversified company" as defined in the 1940 Act. The Fund will not purchase the securities of any issuer if, as a result, the Fund would fail to be a diversified company within the meaning of the 1940 Act, and the rules and regulations promulgated thereunder, as such statute, rules, and regulations are amended from time to time or are interpreted from time to time by the SEC staff (collectively, the "1940 Act Laws and Interpretations") or except to the extent that the Fund may be permitted to do so by exemptive order or similar relief (collectively, with the 1940 Act Laws and Interpretations, the "1940 Act Laws, Interpretations and Exemptions"). In complying with this restriction, however, the Fund may purchase securities of other investment companies to the extent permitted by the 1940 Act Laws, Interpretations and Exemptions." If the proposed change is approved by shareholders, the following new non-fundamental investment restriction will become effective for AIM Energy Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund: 1 "In complying with the fundamental restriction regarding issuer diversification, the Fund will not, with respect to 75% of its total assets, purchase the securities of any issuer (other than securities issued or guaranteed by the U.S. Government or any of its agencies or instrumentalities and securities issued by other investment companies), if, as a result, (i) more than 5% of the Fund's total assets would be invested in the securities of that issuer, or (ii) the Fund would hold more than 10% of the outstanding voting securities of that issuer. The Fund may purchase securities of other investment companies as permitted by the 1940 Act Laws, Interpretations and Exemptions." MODIFICATION OF FUNDAMENTAL RESTRICTIONS ON ISSUING SENIOR SECURITIES AND BORROWING MONEY - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund If approved by shareholders, the existing fundamental restrictions on issuing senior securities and borrowing money would be changed to read as follows: "The Fund may not borrow money or issue senior securities, except as permitted by the 1940 Act Laws, Interpretations and Exemptions." If the proposed change is approved by shareholders, the following non-fundamental investment restriction will become effective for the Funds: "In complying with the fundamental restriction regarding borrowing money and issuing senior securities, the Fund may borrow money in an amount not exceeding 33 1/3% of its total assets (including the amount borrowed) less liabilities (other than borrowings). The Fund may borrow from banks, broker-dealers, or an AIM Fund. The Fund may not borrow for leveraging, but may borrow for temporary or emergency purposes, in anticipation of or in response to adverse market conditions, or for cash management purposes. The Fund may not purchase additional securities when any borrowings from banks exceed 5% of the Fund's total assets or when any borrowings from an AIM Fund are outstanding." MODIFICATION OF FUNDAMENTAL RESTRICTION ON UNDERWRITING SECURITIES - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund If approved by shareholders, the existing fundamental restriction on underwriting securities would be changed to read as follows: "The Fund may not underwrite the securities of other issuers. This restriction does not prevent the Fund from engaging in transactions involving the acquisition, disposition or resale of its portfolio securities, regardless of whether the Fund may be considered to be an underwriter under the Securities Act of 1933." MODIFICATION OF FUNDAMENTAL RESTRICTION ON INDUSTRY CONCENTRATION - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund AIM International Core Equity If approved by shareholders, the existing fundamental restriction on industry concentration for AIM International Core Equity Fund would be changed to read as follows: "The Fund will not make investments that will result in the concentration (as that term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) of its investments in the securities of issuers primarily engaged in the same industry. This restriction does not limit the Fund's investments in (i) obligations issued or guaranteed by the U.S. Government, its agencies or instrumentalities, or (ii) tax-exempt obligations issued by governments or political subdivisions of governments. In complying with this restriction, the Fund will not consider a bank-issued guaranty or financial guaranty insurance as a separate security." If the proposed change is approved by shareholders, the following non-fundamental investment restriction would also become effective for AIM International Core Equity Fund: 2 "In complying with the fundamental restriction regarding industry concentration, the Fund may invest up to 25% of its total assets in the securities of issuers whose principal business activities are in the same industry." AIM Energy Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Energy Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers engaged primarily in energy-related industries." If shareholders approve the proposed change to AIM Energy Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Energy Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration an issuer will be considered to be engaged in an energy-related industry if (1) at least 50% of its gross income or its net sales are derived from activities in energy-related industries; (2) at least 50% of its assets are devoted to producing revenues in energy-related industries; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is within energy-related industries." AIM Financial Services Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Financial Services Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers engaged primarily in financial services-related industries." If shareholders approve the proposed change to AIM Financial Services Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Financial Services Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration an issuer will be considered to be engaged in a financial services-related industry if (1) at least 50% of its gross income or its net sales are derived from activities in financial services-related industries; (2) at least 50% of its assets are devoted to producing revenues in financial services-related industries; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is within financial services-related industries." AIM Gold & Precious Metals Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Gold & Precious Metals Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers primarily engaged in gold and precious metals-related industries." If shareholders approve the proposed change to AIM Gold & Precious Metals Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Gold & Precious Metals Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration, an issuer will be considered to be engaged in gold and precious metals-related industries if (1) at least 50% of its gross income or its net sales are derived from activities in the gold and precious metal industry; (2) at least 50% of its assets are devoted to producing revenues in the gold and precious metals industry; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is within the gold and precious metals industry." 3 AIM Leisure Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Leisure Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers engaged primarily in leisure-related industries." If shareholders approve the proposed change to AIM Leisure Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Leisure Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration, an issuer will be considered to be in the leisure industry if (1) at least 50% of its gross income or its net sales are derived from products or services related to the leisure activities of individuals; (2) at least 50% of its assets are devoted to producing revenues through products or services related to the leisure activities of individuals; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is in products or services related to leisure activities of individuals." AIM Technology Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Technology Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers engaged primarily in technology-related industries." If shareholders approve the proposed change to AIM Technology Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Technology Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration an issuer will be considered to be engaged in a technology-related industry if (1) at least 50% of its gross income or its net sales are derived from activities in technology-related industries; (2) at least 50% of its assets are devoted to producing revenues in technology-related industries; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is within technology-related industries." AIM Utilities Fund If approved by shareholders, the existing fundamental restriction on industry concentration for AIM Utilities Fund would be changed to read as follows: "The Fund will concentrate (as such term may be defined or interpreted by the 1940 Act Laws, Interpretations and Exemptions) its investments in the securities of issuers engaged primarily in utilities-related industries." If shareholders approve the proposed change to AIM Utilities Fund's fundamental restriction, the following non-fundamental investment restriction would also become effective for AIM Utilities Fund: "For purposes of the Fund's fundamental investment restriction regarding industry concentration an issuer will be considered to be engaged in a utilities-related industry if (1) at least 50% of its gross income or its net sales are derived from activities in utilities-related industries; (2) at least 50% of its assets are devoted to producing revenues in utilities-related industries; or (3) based on other available information, the Fund's portfolio manager(s) determines that its primary business is within utilities-related industries." MODIFICATION OF FUNDAMENTAL RESTRICTION ON REAL ESTATE INVESTMENTS - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund 4 If approved by shareholders, each Fund's existing fundamental restriction on real estate investments would be changed to read as follows: "The Fund may not purchase real estate or sell real estate unless acquired as a result of ownership of securities or other instruments. This restriction does not prevent the Fund from investing in issuers that invest, deal, or otherwise engage in transactions in real estate or interests therein, or investing in securities that are secured by real estate or interests therein." MODIFICATION OF FUNDAMENTAL RESTRICTION ON PURCHASING OR SELLING COMMODITIES - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund All Funds other than AIM Gold & Precious Metals Fund If approved by shareholders, the existing fundamental restriction on purchasing or selling physical commodities for all Funds other than AIM Gold & Precious Metals Fund would be changed to read as follows: "The Fund may not purchase physical commodities or sell physical commodities unless acquired as a result of ownership of securities or other instruments. This restriction does not prevent the Fund from engaging in transactions involving futures contracts and options thereon or investing in securities that are secured by physical commodities." If shareholders approve the proposed addition, the following non-fundamental investment restriction would also become effective for all Funds other than AIM Gold & Precious Metals Fund: "Notwithstanding the fundamental restriction with regard to engaging in transactions involving futures contracts and options thereon or investing in securities that are secured by physical commodities, the Fund currently may not invest in any security (including futures contracts or options thereon) that is secured by physical commodities." AIM Gold & Precious Metals Fund If approved by shareholders, the existing fundamental restriction on purchasing or selling physical commodities for AIM Gold & Precious Metals Fund would be changed to read as follows: "The Fund may not purchase physical commodities or sell physical commodities (other than gold bullion) unless acquired as a result of ownership of securities or other instruments. This restriction does not prevent the Fund from engaging in transactions involving futures contracts and options thereon or investing in securities that are secured by physical commodities." If shareholders approve the proposed addition, the following non-fundamental investment restriction would also become effective for AIM Gold & Precious Metals Fund: "Notwithstanding the fundamental restriction with regard to engaging in transactions involving futures contracts and options thereon or investing in securities that are secured by physical commodities, the Fund currently may not invest in any security (including futures contracts or options thereon) that is secured by physical commodities." The following non-fundamental policy for AIM Gold & Precious Metals Fund will remain in effect for the Fund regardless of whether the proposal is approved for the Fund: "AIM Gold & Precious Metals Fund may invest up to 10% at the time of purchase of its total assets in gold bullion." MODIFICATION OF FUNDAMENTAL RESTRICTION ON MAKING LOANS - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund If approved by shareholders, each Fund's existing fundamental restriction on making loans would be changed to read as follows: "The Fund may not make personal loans or loans of its assets to persons who control or are under the common control with the Fund, except to the extent permitted by 1940 Act Laws, Interpretations and Exemptions. This restriction does not 5 prevent the Fund from, among other things, purchasing debt obligations, entering into repurchase agreements, loaning its assets to broker-dealers or institutional investors, or investing in loans, including assignments and participation interests." If shareholders approve the proposed change, the following non-fundamental investment restriction will become effective for the Funds: "In complying with the fundamental restriction with regard to making loans, the Fund may lend up to 33 1/3% of its total assets and may lend money to an AIM Fund, on such terms and conditions as the SEC may require in an exemptive order." MODIFICATION OF FUNDAMENTAL RESTRICTION ON INVESTMENTS IN INVESTMENT COMPANIES - Applies to shareholders of AIM Energy Fund, AIM Financial Services Fund, AIM Gold & Precious Metals Fund, AIM International Core Equity Fund, AIM Leisure Fund, AIM Technology Fund and AIM Utilities Fund If approved by shareholders, each Fund's existing fundamental policy on investments in other investment companies would be changed to read as follows: "The Fund may, notwithstanding any other fundamental investment policy or limitation, invest all of its assets in the securities of a single open-end management investment company with substantially the same fundamental investment objectives, policies and restrictions as the Fund." If shareholders approve the proposed restriction, each Fund will have the ability to invest all of its assets in another open-end investment company whether or not managed by AIM or an AIM affiliate. Because the Funds do not currently intend to do so, the following non-fundamental investment restriction will become effective for the Funds: "Notwithstanding the fundamental restriction with regard to investing all assets in an open-end fund, the Fund may not invest all of its assets in the securities of a single open-end management investment company with the same fundamental investment objective, policies, and restrictions as the Fund." CHANGE IN THE SUB-CLASSIFICATION UNDER THE 1940 ACT FROM A DIVERSIFIED FUND TO A NON-DIVERSIFIED FUND AND ELIMINATION OF A RELATED INVESTMENT RESTRICTION - Applies only to AIM Financial Services Fund AIM Financial Services Fund is currently sub-classified as a "diversified" fund for purposes of Section 5(b)(1) of the 1940 Act. As a diversified fund, AIM Financial Services Fund is limited as to the amount it may invest in any single issuer. Specifically, for 75% of its total assets, the Fund currently may not invest in a security if, as a result of such investment, more than 5% of its total assets (calculated at the time of purchase) would be invested in securities of any one issuer. In addition, for 75% of its total assets, the Fund may not hold more than 10% of the outstanding voting securities of any one issuer. The restrictions in Section 5(b)(1) do not apply to U.S. government securities, securities of other investment companies, cash and cash items. AIM Financial Services Fund currently has in place a corresponding fundamental investment limitation on diversification. This limitation (which may only be changed with shareholder approval) provides that the Fund "may not with respect to 75% of the Fund's total assets, purchase the securities of any issuer (other than securities issued or guaranteed by the U.S. government or any of its agencies or instrumentalities, or securities of other investment companies) if, as a result, (i) more than 5% of the Fund's total assets would be invested in the securities of that issuer, or (ii) the Fund would hold more than 10% of the outstanding voting securities of that issuer." If shareholders approve the change in the sub-classification of the Fund under the 1940 Act from a "diversified" fund to a "non-diversified" fund and eliminate the investment limitation on diversification, the Fund will no longer be subject to the diversification limitation; however, the Fund will continue to be subject to Federal tax diversification restrictions. Effective December 31, 2007, Miss Ruth Quigley will retire as a trustee of each Trust and at such time any reference to Miss Quigley serving as a trustee or committee member is hereby removed. 6 On or about March 31, 2008, the following entities that service the AIM Funds will be changing their names as follows:
CURRENT NAME NEW NAME A I M Advisors, Inc. Invesco Aim Advisors, Inc. A I M Capital Management, Inc. Invesco Aim Capital Management, Inc. A I M Distributors, Inc. Invesco Aim Distributors, Inc. AIM Investment Services, Inc. Invesco Aim Investment Services, Inc. A I M Management Group Inc. Invesco Aim Management Group, Inc. AIM Private Asset Management, Inc. Invesco Aim Private Asset Management, Inc. INVESCO Asset Management Limited Invesco Asset Management Limited
In addition, the following entities that service the AIM Funds have changed their names as follows:
OLD NAME NEW NAME INVESCO Asset Management (Japan) Limited Invesco Asset Management (Japan) Limited INVESCO Global Asset Management (N.A.), Inc. Invesco Global Asset Management (N.A.), Inc. INVESCO Hong Kong Limited Invesco Hong Kong Limited INVESCO Institutional (N.A.), Inc. Invesco Institutional (N.A.), Inc. INVESCO Senior Secured Management, Inc. Invesco Senior Secured Management, Inc.
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