Invesco: Mergers approved for two mutual funds, one meeting adjourned

New York, April 2 - Invesco said shareholders supported mergers affecting two of its existing funds while the meeting to approve a further transaction was adjourned in order to solicit further votes.

The reorganizations of the funds that won approval are expected to be completed by April 30, the Houston-based investment management firm said.

Under the mergers, Invesco High Income Municipal Fund will be absorbed by Invesco Van Kampen High Yield Municipal Fund and Invesco U.S. Mid Cap Value Fund will become part of Invesco Van Kampen American Value Fund.

The third merger is to wrap Invesco Capital Development Fund into Invesco Commodities Strategy Fund. The meeting to approve this change will now be held on April 16.

Invesco Capital Development Fund and Invesco High Income Municipal Fund will be placed in limited offering status before the start of business on April 16. Invesco Commodities Strategy Fund and Invesco U.S. Mid Cap Value Fund have been in limited offering since Feb. 22, 2011 and Nov. 22, 2010, respectively.

During limited offering, investors who are already invested will remain invested and can add to their holdings. Existing retirement plans may add new participant accounts to the fund but no new retirement plans will be considered.

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