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December 07, 2011 at 16:00 PM EST
Invesco Van Kampen Closed-End Funds Announce Redemptions of Auction Rate Preferred Shares at Par

HOUSTON, Dec. 7, 2011 /PRNewswire/ -- Invesco Advisers, Inc. ("Invesco") announced today that each of the Invesco Van Kampen tax-exempt closed-end funds listed below (the "Funds") plans to redeem a portion of its outstanding auction rate preferred shares ("ARPS") at their respective liquidation preferences (sometimes referred to as "at par"), together with accrued and unpaid dividends, if any, to the redemption date. These redemptions are anticipated to be funded with proceeds received from the issuance of Tender Option Bonds ("TOBs"). 

This redemption announcement follows the November 30, 2011 press release in which Invesco provided information regarding, among other things, refinancing of a portion of the Funds' preferred shares with the use of TOBs.  The amount of ARPS being redeemed at this time varies by Fund and ranges from approximately 7 percent to approximately 14 percent of the original amount of ARPS issued for each Fund.  The amount is also based on a number of factors, including the interests of the common shareholders, the availability of high quality municipal bonds at certain yield levels to be transferred to the TOBs trust structure and the ability to secure liquidity providers for the related put feature.

For this partial redemption, The Depository Trust Company ("DTC"), the securities' holder of record, will determine how the partial series redemptions will be allocated among each participant broker-dealer account.  Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

Following is a redemption schedule for each fund:

Invesco Van Kampen Advantage Municipal Income Trust II (NYSE: VKI)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-32E-202

160

$4,000,000

January 12, 2012

B

461-32E-301

160

$4,000,000

January 13, 2012

C

461-32E-400

160

$4,000,000

January 12, 2012

D

461-32E-509

160

$4,000,000

January 19, 2012

E

461-32E-608

140

$3,500,000

January 30, 2012

F

461-32E-707

200

$5,000,000

January 18, 2012

G

461-32E-806

200

$5,000,000

January 9, 2012

H

461-32E-863

200

$5,000,000

January 31, 2012

I

461-32E-871

200

$5,000,000

January 13, 2012

J

461-32E-889

100

$2,500,000

January 31, 2012

Invesco Van Kampen California Value Municipal Income Trust (NYSE: VCV)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-32H-205

168

$4,200,000

January 31, 2012

B

461-32H-304

210

$5,250,000

January 9, 2012

C

461-32H-403

126

$3,150,000

January 31, 2012

D

461-32H-502

56

$1,400,000

January 23, 2012

Invesco Van Kampen Massachusetts Value Municipal Income Trust (NYSE: VMV)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

F7

461-32J-201

92

$2,300,000

January 19, 2012

Invesco Van Kampen Municipal Opportunity Trust (NYSE: VMO)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-32C-206

300

$7,500,000

January 30, 2012

B

461-32C-305

300

$7,500,000

January 25, 2012

C

461-32C-404

200

$5,000,000

January 11, 2012

D

461-32C-503

200

$5,000,000

January 25, 2012

E

461-32C-602

200

$5,000,000

February 3, 2012

F

461-32C-701

160

$4,000,000

January 11, 2012

Invesco Van Kampen Municipal Trust (NYSE: VKQ)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-31J-202

300

$7,500,000

January 12, 2012

B

461-31J-301

300

$7,500,000

January 13, 2012

C

461-31J-400

300

$7,500,000

January 10, 2012

D

461-31J-509

300

$7,500,000

January 11, 2012

E

461-31J-608

100

$2,500,000

January 9, 2012

Invesco Van Kampen Ohio Quality Municipal Trust (NYSE: VOQ)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-31K-209

188

$4,700,000

January 25, 2012

B

461-31K-308

80

$2,000,000

January 26, 2012

Invesco Van Kampen Pennsylvania Value Municipal Income Trust (NYSE: VPV)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-32K-208

195

$4,875,000

January 17, 2012

B

461-32K-307

175

$4,375,000

January 18, 2012

C

461-32K-406

281

$7,025,000

January 10, 2012

D

461-32K-505

305

$7,625,000

January 27, 2012

Invesco Van Kampen Select Sector Municipal Trust (NYSE: VKL)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-32G-207

68

$1,700,000

January 20, 2012

B

461-32G-306

68

$1,700,000

January 20, 2012

C

461-32G-405

200

$5,000,000

February 1, 2012

D

461-32G-504

180

$4,500,000

February 2, 2012

Invesco Van Kampen Trust for Insured Municipals (NYSE: VIM)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-31L-207

126

$3,150,000

February 15, 2012

B

461-31L-306

126

$3,150,000

February 14, 2012

Invesco Van Kampen Trust for Investment Grade Municipals (NYSE: VGM)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-31M-205

420

$10,500,000

January 12, 2012

B

461-31M-304

420

$10,500,000

January 19, 2012

C

461-31M-403

420

$10,500,000

January 24, 2012

D

461-31M-502

224

$5,600,000

January 30, 2012

E

461-31M-601

308

$7,700,000

January 12, 2012

F

461-31M-700

308

$7,700,000

January 19, 2012

G

461-31M-809

308

$7,700,000

January 26, 2012

H

461-31M-882

314

$7,850,000

January 24, 2012

I

461-31M-874

280

$7,000,000

January 17, 2012

Invesco Van Kampen Trust for Investment Grade New Jersey Municipals (NYSE: VTJ)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

T7

461-31R-204

181

4,525,000

February 9, 2012

Invesco Van Kampen Trust for Investment Grade New York Municipals (NYSE: VTN)

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

461-31T-200

168

$4,200,000

January 10, 2012

B

461-31T-309

126

$3,150,000

January 12, 2012

C

461-31T-408

112

$2,800,000

January 10, 2012

Invesco will keep market participants and shareholders informed of material developments in the Funds' progress to redeem ARPS via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.

For more information, call 1-800-341-2929.

The foregoing is not an offer for sale of any securities, nor a solicitation of any proxy.

About Invesco

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd.

The information contained herein may include forward looking statements about the Funds' capital structure changes and transactions. These statements provide no assurances as to the outcome of the changes or transactions or as to whether they will, in fact, be consummated.

NOT FDIC INSURED, MAY LOSE VALUE, OFFER NO BANK GUARANTEE

SOURCE Invesco

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