The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:AIM Gets Shareholder Nod For Fund Mergers Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 17, 2006

AIM Gets Shareholder Nod For Fund Mergers

by: Armie Margaret Lee

AIM Investments is finally moving forward with its plan to reorganize its funds. After rescheduling a shareholder meeting twice, the Houston-based firm said Thursday it has secured the nod of shareholders to merge six of its funds, with combined assets of at least $11.17 billion, into five other funds.

Amvescap, AIM's parent company, has been trimming its fund lineup following the merger of the Invesco fund family into the AIM brand.

A shareholder meeting took place on February 28, but AIM failed to garner the requisite number of votes and the meeting was reconvened on March 7. That meeting, in turn, was adjourned until March 16.

Now that AIM has received the greenlight from shareholders, the firm is shutting the six funds-- AIM Aggressive Growth Fund, Blue Chip Fund, Mid Cap Growth Fund, Premier Equity Fund, Small Company Growth Fund and Weingarten Fund-- to new investors at the close of business on March 17.

Half of the mergers are expected to be completed on March 27, while the rest are slated for completion on April 10. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use