Invesco announces auction-rate preferred redemptions

By Ashley Montgomery

Kansas City, Kan., Dec. 7 - Invesco Advisers said its tax-exempt closed-end funds intend to redeem auction rate preferred shares.

The redemption will be funded with proceeds from the issue of tender option bonds, the company said in a news release.

From 7% to 14% of the outstanding preferreds will be redeemed for the Invesco Van Kampen funds and 7% to 10% for the Invesco funds.

All redemptions will be at par plus accrued dividends.

Invesco Van Kampen Advantage Municipal Income Trust II will redeem the following:

• $4 million of series A preferreds on Jan. 12;

• $4 million of series B preferreds on Jan. 13;

• $4 million of series C preferreds on Jan. 12;

• $4 million of series D preferreds on Jan. 19;

• $3.5 million of series E preferreds on Jan. 30;

• $5 million of series F preferreds on Jan. 18;

• $5 million of series G preferreds on Jan. 9;

• $5 million of series H preferreds on Jan. 31;

• $5 million of series I preferreds on Jan. 13; and

• $2.5 million of series J preferreds on Jan. 31.

Invesco Van Kampen California Value Municipal Income Trust will redeem the following:

• $4.2 million of series A preferreds on Jan. 31;

• $5.25 million of series B preferreds on Jan. 9;

• $3.15 million of series C preferreds on Jan. 31; and

• $1.4 million of series D preferreds on Jan. 23.

Invesco Van Kampen Massachusetts Value Municipal Income Trust will redeem the following:

• $2.3 million of series F7 preferreds on Jan. 19.

Invesco Van Kampen Municipal Opportunity Trust will redeem the following:

• $7.5 million of series A preferreds on Jan. 30;

• $7.5 million of series B preferreds on Jan. 25;

• $5 million of series C preferreds on Jan. 11;

• $5 million of series D preferreds on Jan. 25;

• $5 million of series E preferreds on Feb. 3; and

• $4 million of series F preferreds on Jan. 11.

Invesco Van Kampen Municipal Trust will redeem the following:

• $7.5 million of series A preferreds on Jan. 12;

• $7.5 million of series B preferreds on Jan. 13;

• $7.5 million of series C preferreds on Jan. 10;

• $7.5 million of series D preferreds on Jan. 11; and

• $2.5 million of series E preferreds on Jan. 9.

Invesco Van Kampen Ohio Quality Municipal Trust will redeem the following:

• $4.7 million of series A preferreds on Jan. 25; and

• $2 million of series B preferreds on Jan. 26.

Invesco Van Kampen Pennsylvania Value Municipal Income Trust will redeem the following:

• $4.875 million of series A preferreds on Jan. 17;

• $4.375 million of series B preferreds on Jan. 18;

• $7.025 million of series C preferreds on Jan. 10; and

• $7.625 million of series D preferreds on Jan. 27.

Invesco Van Kampen Select Sector Municipal Trust will redeem the following:

• $1.7 million of series A preferreds on Jan. 20;

• $1.7 million of series B preferreds on Jan. 20;

• $5 million of series C preferreds on Feb. 1; and

• $4.5 million of series D preferreds on Feb. 2.

Invesco Van Kampen Trust for Insured Municipals will redeem the following:

• $3.15 million of series A preferreds on Feb 15; and

• $3.15 million of series B preferreds on Feb. 14.

Invesco Van Kampen Trust for Investment Grade Municipals will redeem the following:

• $10.5 million of series A preferreds on Jan. 12;

• $10.5 million of series B preferreds on Jan. 19;

• $10.5 million of series C preferreds on Jan. 24;

• $5.6 million of series D preferreds on Jan. 30;

• $7.7 million of series E preferreds on Jan. 12;

• $7.7 million of series F preferreds on Jan. 19;

• $7.7 million of series G preferreds on Jan. 26;

• $7.85 million of series H preferreds on Jan. 24; and

• $7 million of series I preferreds on Jan. 17.

Invesco Van Kampen Trust for Investment Grade New Jersey Municipals will redeem the following:

• $4,525,000 million of series T7 preferreds on Feb. 9.

Invesco Van Kampen Trust for Investment Grade New York Municipals will redeem the following:

• $4.2 million of series A preferreds on Jan. 10;

• $3.15 million of series B preferreds on Jan. 11; and

• $2.8 million of series C preferreds on Jan. 10.

Invesco Insured Municipal Income Trust will redeem the following on Feb. 6:

• $1.4 million of series 1 preferreds;

• $3.15 million of series 2 preferreds;

• $3.5 million of series 3 preferreds;

• $1.4 million of series 4 preferreds; and

• $1.4 million of series 5 shares.

Invesco Insured Municipal Bond Trust will redeem the following on Feb. 2:

• $2.1 million of shares.

Invesco Insured Municipal Trust will redeem the following:

• $6.3 million of series TH preferreds on Feb. 3; and

• $2.8 million of series TU preferreds on Feb. 1.

Invesco Municipal Premium Income Trust will redeem the following on Jan. 25:

• $2 million of series A preferreds;

• $2 million of series B preferreds;

• $2 million of series C preferreds;

• $2 million of series D preferreds; and

• $2 million of series E shares.

Invesco Quality Municipal Income Trust will redeem the following:

• $5.6 million of series 1 preferreds on Jan. 25;

• $2 million of series 2 preferreds on Jan. 26;

• $5.6 million of series 3 preferreds on Jan. 26;

• $5.6 million of series 4 preferreds on Jan. 26; and

• $2 million of series 5 preferreds on Jan. 27.

Invesco Quality Municipal Investment Trust will redeem the following:

• $7 million of series A preferreds on Feb. 1; and

• $3.5 million of series B preferreds on Feb. 3.

Invesco Quality Municipal Securities will redeem the following:

• $1.7 million of series 1 preferreds on Jan. 31;

• $1.5 million of series 2 preferreds on Feb. 1;

• $1.5 million of series 3 preferreds on Feb. 2;

• $3 million of series 4 preferreds on Jan. 31; and

• $2 million of series 5 preferreds on Jan. 31.

Invesco California Insured Municipal Income Trust will redeem the following on Jan. 17:

• $0.7 million of series 1 preferreds;

• $1.4 million of series 2 preferreds;

• $1.75 million of series 3 preferreds; and

• $0.7 million of series 4 shares.

Invesco California Quality Municipal Securities will redeem the following:

• $0.9 million of series 1 preferreds on Jan. 17;

• $0.85 million of series 2 preferreds on Jan. 19; and

• $2.1 million of series 3 preferreds on Jan. 17.

Invesco New York Quality Municipal Securities will redeem the following

• $0.9 million of series 1 preferreds on Jan. 10; and

• $0.75 million of series 2 preferreds on Jan. 13.

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