EXHIBIT m(7)
[AIM LOGO APPEARS HERE] A I M DISTRIBUTORS, INC.
A I M Distributors, Inc. SHAREHOLDER SERVICE AGREEMENT
(BANK TRUST DEPARTMENTS)
, 19
--------------------------- -----
A I M Distributors, Inc.
00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000-0000
Gentlemen:
We desire to enter into an Agreement with A I M Distributors, Inc. ("AIM
Distributors") as agent on behalf of the funds listed on Schedule A hereto (the
"Funds"), for the servicing of our clients who are shareholders of, and the
administration of accounts in, the Funds. We understand that this Shareholder
Service Agreement (the "Agreement") has been adopted pursuant to Rule 12b-1
under the Investment Company Act of 1940 (the "1940 Act") by each of the Funds,
under a Distribution Plan (the "Plan") adopted pursuant to said Rule, and is
subject to applicable rules of the National Association of Securities Dealers,
Inc. ("NASD"). This Agreement defines the services to be provided by us for
which we are to receive payments pursuant to the Plan. The Plan and the
Agreement have been approved by a majority of the directors or trustees of the
applicable Fund, including a majority of directors or trustees who are not
interested persons of the applicable Fund, and who have no direct or indirect
financial interest in the operation of the Plan or related agreements, by votes
cast in person at a meeting called for the purpose of voting on the Plan. Such
approval included a determination by the directors or trustees of the applicable
Fund, in the exercise of their reasonable business judgement and in light of
their fiduciary duties, that there is a reasonable likelihood that the Plan will
benefit the Fund and the holders of its Shares. The terms and conditions of this
Agreement shall be as follows:
1. To the extent that we provide continuing personal shareholder services and
administrative support services to our customers who may from time to time
own shares of the Funds of record or beneficially, including but not
limited to, forwarding sales literature, answering routine customer
inquiries regarding the Funds, assisting customers in changing dividend
options, account designations and addresses, and in enrolling into any of
several special investment plans offered in connection with the purchase of
the Funds' shares, assisting in the establishment and maintenance of
customer accounts and records and in the processing of purchase and
redemption transactions, investing dividends and capital gains
distributions automatically in shares of the Funds and providing such other
services as AIM Distributors or the customer may reasonably request, you
shall pay us a fee periodically. We represent that we shall accept fees
hereunder only so long as we continue to provide such personal shareholder
services.
07/00
Shareholder Service Agreement Page 2
(Bank Trust Departments)
2. We agree to transmit to AIM Distributors in a timely manner, all purchase
orders and redemption requests of our clients and to forward to each client
all proxy statements, periodic shareholder reports and other communications
received from AIM Distributors by us relating to shares of the Funds owned
by our clients. AIM Distributors, on behalf of the Funds, agrees to pay all
out-of-pocket expenses actually incurred by us in connection with the
transfer by us of such proxy statements and reports to our clients as
required under applicable laws or regulations.
3. We agree to make available upon AIM Distributors' request, such information
relating to our clients who are beneficial owners of Fund shares and their
transactions in such shares as may be required by applicable laws and
regulations or as may be reasonably requested by AIM Distributors.
4. We agree to transfer record ownership of a client's Fund shares to the
client promptly upon the request of a client. In addition, record ownership
will be promptly transferred to the client in the event that the person or
entity ceases to be our client.
5. Neither we nor any of our employees or agents are authorized to make any
representation to our clients concerning the Funds except those contained
in the then current prospectuses applicable to the Funds, copies of which
will be supplied to us by AIM Distributors; and we shall have no authority
to act as agent for any Fund or AIM Distributors. Neither a Fund, nor A I M
Advisors, Inc. ("AIM") will be a party, nor will they be represented as a
party, to any agreement that we may enter into with our clients and neither
a Fund nor AIM shall participate, directly or indirectly, in any
compensation that we may receive from our clients in connection with our
acting on their behalf with respect to this Agreement.
6. In consideration of the services and facilities described herein, we shall
receive a maximum annual service fee and asset-based sales charge, payable
monthly, as set forth on Schedule A hereto. We understand that this
Agreement and the payment of such service fees and asset-based sales charge
has been authorized and approved by the Board of Directors or Trustees of
the applicable Fund, and that the payment of fees thereunder is subject to
limitations imposed by the rules of the NASD.
7. AIM Distributors reserves the right, in its discretion and without notice,
to suspend the sale of any Fund or withdraw the sale of shares of a Fund,
or upon notice to us, to amend this Agreement. We agree that any order to
purchase shares of the Funds placed by us after notice of any amendment to
this Agreement has been sent to us shall constitute our agreement to any
such amendment.
8. All communications to AIM Distributors shall be duly given if mailed to A I
M Distributors, Inc., 00 Xxxxxxxx Xxxxx, Xxxxx 000, Xxxxxxx, Xxxxx
00000-0000. Any notice to us shall be duly given if mailed to us at the
address specified by us in this Agreement or to such other address as we
shall have designated in writing to AIM Distributors.
9. This Agreement may be terminated at any time by AIM Distributors on not
less than 60 days' written notice to us at our principal place of business.
We, on 60 days' written notice addressed to AIM Distributors at its
principal place of business, may terminate this Agreement. AIM Distributors
may also terminate this Agreement for cause on violation by us of any of
the provisions of this Agreement, said termination to become effective on
the date of
07/00
Shareholder Service Agreement Page 3
(Bank Trust Departments)
mailing notice to us of such termination. AIM Distributors' failure to
terminate for any cause shall not constitute a waiver of AIM Distributors'
right to terminate at a later date for any such cause. This Agreement may
be terminated with respect to any Fund at any time by the vote of a
majority of the directors or trustees of such Fund who are disinterested
directors or by a vote of a majority of the Fund's outstanding shares, on
not less than 60 days' written notice to us at our principal place of
business. This Agreement will be terminated by any act which terminates the
Agreement for Purchase of Shares of The AIM Family of Funds" between us and
AIM Distributors or a Fund's Distribution Plan, and in any event, it shall
terminate automatically in the event of its assignment by us, the term
"assignment" for this purpose having the meaning defined in Section 2(a)(4)
of the 1940 Act.
10. We represent that our activities on behalf of our clients and pursuant to
this Agreement either (i) are not such as to require our registration as a
broker-dealer in the state(s) in which we engage in such activities, or
(ii) we are registered as a broker-dealer in the state(s) in which we
engage in such activities. We represent that we are registered as a
broker-dealer with the NASD if required under applicable law.
11. This Agreement and the Agreement for Purchase of Shares of The AIM Family
of Funds--Registered Trademark-- through Bank Trust Departments
constitute the entire agreement between us and AIM Distributors and
supersede all prior oral or written agreements between the parties hereto.
This Agreement may be executed in counterparts, each of which shall be
deemed an original but all of which shall constitute the same instrument.
12. This Agreement and all rights and obligations of the parties hereunder
shall be governed by and construed under the laws of the State of Texas.
13. This Agreement shall become effective as of the date when it is executed
and dated by AIM Distributors.
07/00
Shareholder Service Agreement Page 4
(Bank Trust Departments)
The undersigned agrees to abide by the foregoing terms and conditions.
---------------------------------------
(Firm Name)
---------------------------------------
(Address)
---------------------------------------
City/State/Zip/County
By:
------------------------------------
Name:
----------------------------------
Title:
---------------------------------
Dated:
---------------------------------
ACCEPTED:
A I M DISTRIBUTORS, INC.
By:
--------------------------------------
Name:
------------------------------------
Title:
-----------------------------------
Dated:
-----------------------------------
Please sign both copies and return to:
A I M Distributors, Inc.
00 Xxxxxxxx Xxxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000-0000
07/00
Shareholder Service Agreement Page 5
(Bank Trust Departments)
SCHEDULE A
Funds Fees
----- ----
AIM Advisor Funds
AIM International Value Fund
AIM Real Estate Fund
AIM Equity Funds
AIM Aggressive Growth Fund
AIM Blue Chip Fund
AIM Capital Development Fund
AIM Charter Fund (Retail Class)
AIM Constellation Fund (Retail Class)
AIM Dent Demographic Trends Fund
AIM Emerging Growth Fund
AIM Large Cap Basic Value Fund
AIM Large Cap Growth Fund
AIM Mid Cap Growth Fund
AIM Xxxxxxxxxx Fund (Retail Class)
AIM Floating Rate Fund
AIM Funds Group
AIM Balanced Fund
AIM Basic Balanced Fund
AIM European Small Company Fund
AIM Global Utilities Fund
AIM International Emerging Growth Fund
AIM New Technology Fund
AIM Select Equity Fund
AIM Small Cap Equity Fund
AIM Value Fund
AIM Value II Fund
AIM Worldwide Spectrum Fund
AIM Growth Series
AIM Basic Value Fund
AIM Euroland Growth Fund
AIM Mid Cap Equity Fund
AIM Small Cap Growth Fund
AIM International Funds, Inc.
AIM Asian Growth Fund
AIM European Development Fund
AIM Global Aggressive Growth Fund
AIM Global Growth Fund
AIM Global Income Fund
AIM International Equity Fund
09/01
Shareholder Service Agreement Page 6
(Bank Trust Departments)
AIM Investment Funds
AIM Developing Markets Fund
AIM Global Biotech Fund
AIM Global Energy Fund
AIM Global Financial Services Fund
AIM Global Health Care Fund
AIM Global Infrastructure Fund
AIM Global Telecommunications and Technology Fund
AIM Strategic Income Fund
AIM Investment Securities Funds
AIM Limited Maturity Treasury Fund(1)
AIM High Yield Fund II
AIM High Yield Fund
AIM Income Fund
AIM Intermediate Government Fund
AIM Money Market Fund
AIM Municipal Bond Fund
AIM Total Return Bond Fund
AIM Series Trust
AIM Global Trends Fund
AIM Special Opportunities Funds
AIM Small Cap Opportunities Fund(2)
AIM Large Cap Opportunities Fund(2)
AIM Mid Cap Opportunities Fund(2)
AIM Tax-Exempt Funds
AIM High Income Municipal Fund
AIM Tax-Exempt Cash Fund
------------------
(1) AIM Limited Maturity Treasury Fund offers Class A Shares only.
(2) AIM Large Cap Opportunities Fund, AIM Mid Cap Opportunities Fund and AIM
Small Cap Opportunities Fund are closed to new investors.
09/01
[AIM LOGO APPEARS HERE] A I M DISTRIBUTORS, INC.
A I M Distributors, Inc. SHAREHOLDER SERVICE AGREEMENT
(BROKERS FOR BANK TRUST DEPARTMENTS)
, 19
--------------------------- -----
A I M Distributors, Inc.
00 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000-0000
Gentlemen:
We desire to enter into an Agreement with A I M Distributors, Inc. ("AIM
Distributors") as agent on behalf of the funds listed on Schedule A hereto,
which may be amended from time to time by AIM Distributors (the "Funds"), for
the servicing of our clients who are shareholders of, and the administration of
accounts in, the Funds. We understand that this Shareholder Service Agreement
(the "Agreement") has been adopted pursuant to Rule 12b-1 under the Investment
Company Act of 1940 (the "1940 Act") by each of the Funds, under a Distribution
Plan (the "Plan") adopted pursuant to said Rule, and is subject to applicable
rules of the National Association of Securities Dealers, Inc. ("NASD"). This
Agreement defines the services to be provided by us for which we are to receive
payments pursuant to the Plan. The Plan and the Agreement have been approved by
a majority of the directors or trustees of the applicable Fund, including a
majority of directors or trustees who are not interested persons of the
applicable Fund, and who have no direct or indirect financial interest in the
operation of the Plan or related agreements, by votes cast in person at a
meeting called for the purpose of voting on the Plan. Such approval included a
determination by the directors or trustees of the applicable Fund, in the
exercise of their reasonable business judgement and in light of their fiduciary
duties, that there is a reasonable likelihood that the Plan will benefit the
Fund and the holders of its Shares. The terms and conditions of this Agreement
shall be as follows:
1. To the extent that we provide continuing personal shareholder services and
administrative support services to our customers who may from time to time
own shares of the Funds of record or beneficially, including but not
limited to, forwarding sales literature, answering routine customer
inquiries regarding the Funds, assisting customers in changing dividend
options, account designations and addresses, and in enrolling into any of
several special investment plans offered in connection with the purchase of
the Funds' shares, assisting in the establishment and maintenance of
customer accounts and records and in the processing of purchase and
redemption transactions, investing dividends and capital gains
distributions automatically in shares of the Funds and providing such other
services as AIM Distributors or the customer may reasonably request, you
shall pay us a fee periodically. We represent that
07/00
Shareholder Service Agreement Page 2
(Brokers for Bank Trust Departments)
we shall accept fees hereunder only so long as we continue to provide such
personal shareholder services.
2. We agree to transmit to AIM Distributors in a timely manner, all purchase
orders and redemption requests of our clients and to forward to each client
all proxy statements, periodic shareholder reports and other communications
received from AIM Distributors by us relating to shares of the Funds owned
by our clients. AIM Distributors, on behalf of the Funds, agrees to pay all
out-of-pocket expenses actually incurred by us in connection with the
transfer by us of such proxy statements and reports to our clients as
required under applicable laws or regulations.
3. We agree to transfer to AIM Distributors in a timely manner as set forth in
the applicable prospectus, federal funds in an amount equal to the amount
of all purchase orders placed by us and accepted by AIM Distributors. In
the event that AIM Distributors fails to receive such federal funds on such
date (other than through the fault of AIM Distributors), we shall indemnify
the applicable Fund and AIM Distributors against any expense (including
overdraft charges) incurred by the applicable Fund and/or AIM Distributors
as a result of the failure to receive such federal funds.
4. We agree to make available upon AIM Distributors' request, such information
relating to our clients who are beneficial owners of Fund shares and their
transactions in such shares as may be required by applicable laws and
regulations or as may be reasonably requested by AIM Distributors.
5. We agree to transfer record ownership of a client's Fund shares to the
client promptly upon the request of a client. In addition, record ownership
will be promptly transferred to the client in the event that the person or
entity ceases to be our client.
6. Neither we nor any of our employees or agents are authorized to make any
representation to our clients concerning the Funds except those contained
in the then current prospectuses applicable to the Funds, copies of which
will be supplied to us by AIM Distributors; and we shall have no authority
to act as agent for any Fund or AIM Distributors. Neither a Fund, nor A I M
Advisors, Inc. ("AIM") will be a party, nor will they be represented as a
party, to any agreement that we may enter into with our clients and neither
a Fund nor AIM shall participate, directly or indirectly, in any
compensation that we may receive from our clients in connection with our
acting on their behalf with respect to this Agreement.
7. In consideration of the services and facilities described herein, we shall
receive a maximum annual service fee and asset-based sales charge, payable
monthly, as set forth on Schedule A hereto. We understand that this
Agreement and the payment of such service fees and asset-based sales charge
has been authorized and approved by the Board of Directors or Trustees of
the applicable Fund, and that the payment of fees thereunder is subject to
limitations imposed by the rules of the NASD.
8. AIM Distributors reserves the right, in its discretion and without notice,
to suspend the sale of any Fund or withdraw the sale of shares of a Fund,
or upon notice to us, to amend this Agreement. We agree that any order to
purchase shares of the Funds placed by us after notice of any amendment to
this Agreement has been sent to us shall constitute our agreement to any
such amendment.
07/00
Shareholder Service Agreement Page 3
(Brokers for Bank Trust Departments)
9. All communications to AIM Distributors shall be duly given if mailed to A I
M Distributors, Inc., 00 Xxxxxxxx Xxxxx, Xxxxx 0000, Xxxxxxx, Xxxxx
00000-0000. Any notice to us shall be duly given if mailed to us at the
address specified by us in this Agreement or to such other address as we
shall have designated in writing to AIM Distributors.
10. This Agreement may be terminated at any time by AIM Distributors on not
less than 60 days' written notice to us at our principal place of business.
We, on 60 days' written notice addressed to AIM Distributors at its
principal place of business, may terminate this Agreement. AIM Distributors
may also terminate this Agreement for cause on violation by us of any of
the provisions of this Agreement, said termination to become effective on
the date of mailing notice to us of such termination. AIM Distributors'
failure to terminate for any cause shall not constitute a waiver of AIM
Distributors' right to terminate at a later date for any such cause. This
Agreement may be terminated with respect to any Fund at any time by the
vote of a majority of the directors or trustees of such Fund who are
disinterested directors or by a vote of a majority of the Fund's
outstanding shares, on not less than 60 days' written notice to us at our
principal place of business. This Agreement will be terminated by any act
which terminates the Selected Dealer Agreement between us and AIM
Distributors or a Fund's Distribution Plan, and in any event, shall
terminate automatically in the event of its assignment by us, the term
"assignment" for this purpose having the meaning defined in Section 2(a)(4)
of the 1940 Act.
11. We represent that our activities on behalf of our clients and pursuant to
this Agreement either (i) are not such as to require our registration as a
broker-dealer in the state(s) in which we engage in such activities, or
(ii) we are registered as a broker-dealer in the state(s) in which we
engage in such activities. We represent that we are registered as a
broker-dealer with the NASD if required under applicable law.
12. This Agreement and all rights and obligations of the parties hereunder
shall be governed by and construed under the laws of the State of Texas.
This Agreement may be executed in counterparts, each of which shall be
deemed an original but all of which shall constitute the same instrument.
This Agreement shall not relieve us or AIM Distributors from any
obligations either may have under any other agreements between us.
13. This Agreement shall become effective as of the date when it is executed
and dated by AIM Distributors.
07/00
Shareholder Service Agreement Page 4
(Brokers for Bank Trust Departments)
The undersigned agrees to abide by the foregoing terms and conditions.
---------------------------------------
(Firm Name)
---------------------------------------
(Address)
---------------------------------------
City/State/Zip/County
By:
------------------------------------
Name:
----------------------------------
Title:
---------------------------------
Dated:
---------------------------------
ACCEPTED:
A I M DISTRIBUTORS, INC.
By:
--------------------------------------
Name:
------------------------------------
Title:
-----------------------------------
Dated:
-----------------------------------
Please sign both copies and return to:
A I M Distributors, Inc.
00 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000-0000
07/00
Shareholder Service Agreement Page 5
(Brokers for Bank Trust Departments)
SCHEDULE A
Funds Fees
----- ----
AIM Advisor Funds
AIM International Value Fund
AIM Real Estate Fund
AIM Equity Funds
AIM Aggressive Growth Fund
AIM Blue Chip Fund
AIM Capital Development Fund
AIM Charter Fund (Retail Class)
AIM Constellation Fund (Retail Class)
AIM Dent Demographic Trends Fund
AIM Emerging Growth Fund
AIM Large Cap Basic Value Fund
AIM Large Cap Growth Fund
AIM Mid Cap Growth Fund
AIM Xxxxxxxxxx Fund (Retail Class)
AIM Floating Rate Fund
AIM Funds Group
AIM Balanced Fund
AIM Basic Balanced Fund
AIM European Small Company Fund
AIM Global Utilities Fund
AIM International Emerging Growth Fund
AIM New Technology Fund
AIM Select Equity Fund
AIM Small Cap Equity Fund
AIM Value Fund
AIM Value II Fund
AIM Worldwide Spectrum Fund
AIM Growth Series
AIM Basic Value Fund
AIM Euroland Growth Fund
AIM Mid Cap Equity Fund
AIM Small Cap Growth Fund
AIM International Funds, Inc.
AIM Asian Growth Fund
AIM European Development Fund
AIM Global Aggressive Growth Fund
AIM Global Growth Fund
AIM Global Income Fund
AIM International Equity Fund
09/01
Shareholder Service Agreement Page 6
(Brokers for Bank Trust Departments)
AIM Investment Funds
AIM Developing Markets Fund
AIM Global Biotech Fund
AIM Global Energy Fund
AIM Global Financial Services Fund
AIM Global Health Care Fund
AIM Global Infrastructure Fund
AIM Global Telecommunications and Technology Fund
AIM Strategic Income Fund
AIM Investment Securities Funds
AIM Limited Maturity Treasury Fund(1)
AIM High Yield Fund II
AIM High Yield Fund
AIM Income Fund
AIM Intermediate Government Fund
AIM Money Market Fund
AIM Municipal Bond Fund
AIM Total Return Bond Fund
AIM Series Trust
AIM Global Trends Fund
AIM Special Opportunities Funds
AIM Small Cap Opportunities Fund(2)
AIM Large Cap Opportunities Fund(2)
AIM Mid Cap Opportunities Fund(2)
AIM Tax-Exempt Funds
AIM High Income Municipal Fund
AIM Tax-Exempt Cash Fund
---------------------
(1) AIM Limited Maturity Treasury Fund offers Class A Shares only.
(2) AIM Large Cap Opportunities Fund, AIM Mid Cap Opportunities Fund and AIM
Small Cap Opportunities Fund are closed to new investors.
09/01
