SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
Notice of Intention To Redeem
Securities Pursuant to Rule 23c-2
Under the Investment Company Act of 1940
of
Insured Municipal Income
Fund Inc.
(Name of Registrant)
51 West 52nd Street,
New York, NY 10019-6114
(Address of Principal Executive Offices)
Investment Company Act file
number: 811-07528
The
undersigned registered closed-end investment company hereby notifies the Securities
and Exchange Commission (the “Commission”) that it intends to redeem securities
of which it is the issuer, as set forth below in accordance with the requirements
of Rule 23c-2 under the Investment Company Act of 1940, as amended, and states that
it is filing this notice with the Commission pursuant to permission granted by the
Commission staff fewer than 30 days prior to the date for the redemption.
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Title of the
class of securities to be redeemed: |
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Auction Preferred
Shares, Series A, in $50,000 denominations (the “Series A Shares”)
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Auction Preferred
Shares, Series B, in $50,000 denominations (the “Series B Shares”)
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Auction Preferred
Shares, Series C, in $50,000 denominations (the “Series C Shares”)
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Auction Preferred
Shares, Series D, in $50,000 denominations (the “Series D Shares”)
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Auction Preferred
Shares, Series E, in $50,000 denominations (the “Series E Shares”)
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Auction Preferred
Shares, Series F, in $50,000 denominations (the “Series F Shares”)
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(Series
A Shares, Series B Shares, Series C Shares, Series D Shares, Series E Shares and
Series F Shares are collectively referred to as the “APS”)
| (2)
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Date on which the securities may be called or redeemed: |
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Series A Shares:
December 19, 2008 |
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Series B Shares:
December 22, 2008 |
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Series C Shares:
December 22, 2008 |
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Series D Shares:
December 23, 2008 |
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Series E Shares:
December 24, 2008 |
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Series F Shares:
December 19, 2008 |
| (3) |
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Applicable
provisions of the governing instrument pursuant to which the securities are to be
redeemed: |
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The
APS will be redeemed in accordance with Section 3 of the Articles Supplementary
of Insured Municipal Income Fund Inc. |
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| (4)
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The principal
amount or number of shares and the basis upon which the securities to be redeemed
are to be selected: |
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43 Series
E Shares |
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43 Series
F Shares |
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Redemptions
will be allocated pro rata within each of Series A, Series B, Series C, Series
D, Series E and Series F of the APS. The Depository Trust Company (DTC), holder
of record of the APS, will determine by a random lottery process how a partial redemption
will be allocated among each participant broker-dealer. Each participant broker-dealer
will then determine how to allocate redemptions among the relevant APS holders in
its account. |
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Please
note that this notice serves only to disclose a proposed redemption of the APS listed
above. |
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Pursuant to the requirements
of Rule 23c-2, Insured Municipal Income Fund Inc. has duly caused this Notice of
Redemption of Securities pursuant to Rule 23c-2 under the Investment Company Act
of 1940 to be signed on its behalf by the undersigned thereto duly authorized in
the State of New York on this 12th day of December, 2008.
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Insured Municipal
Income Fund Inc. |
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By:
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/s/ Keith
A. Weller |
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Name: Keith
A. Weller |
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Title: Vice
President and Assistant Secretary |