INVESCO LTD
SymbolIVZ

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Invesco AimSM Announces Shareholder Approval of Changes to the Structure of AIM Independence Funds

2009-10-29 12:31 ET - News Release

AIM Balanced-Risk Retirement Funds Provide New Options for Investors


Company Website: https://www.aiminvestments.com/portal/site/aim
HOUSTON -- (Business Wire)

Invesco Aim announced today that shareholders of the AIM Independence Funds have approved changing the funds’ sub-classification from diversified to non-diversified and approved the elimination of a related fundamental investment restriction.

Effective Nov. 4, 2009, the AIM Independence Funds, Invesco Aim’s target-date funds, will be renamed AIM Balanced-Risk Retirement Funds. The underlying investments will change from a mix of AIM mutual funds and Invesco PowerShares exchange-traded funds to a combination of the AIM Balanced-Risk Allocation Fund and cash or 100% AIM Balanced-Risk Allocation Fund. In addition, the portfolio management team, glide path and investment objectives and strategies will change. The rebalance strategy will change from annually to monthly.

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