Invesco Insured to redeem $10.85 million of auction-rate preferreds

By Tali David

Minneapolis, Jan. 6 - Invesco Insured Municipal Income Trust plans to redeem $10.85 million of its auction-rate preferred shares, or 217 of the $50,000 liquidation preference securities, series 1, 2, 3, 4 and 5, according to a rule 23C-2 notice filed with the Securities and Exchange Commission.

The following shares will be redeemed on Feb. 6:

• 28 shares, or $1.4 million, of Series 1;

• 63 shares, or $3.15 million, of Series 2;

• 70 shares, or $3.5 million, of Series 3;

• 28 shares, or $1.4 million, of Series 4; and

• 28 shares, or $1.4 million, of Series 5.

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