SUB-ITEM 77M
MERGERS
AIM TAX-EXEMPT FUNDS (INVESCO TAX-EXEMPT FUNDS)
INVESCO TAX-EXEMPT SECURITIES FUND TO INVESCO XXX XXXXXX MUNICIPAL INCOME FUND
On October 27, 2010, the Board of Trustees of AIM Tax-Exempt Funds (Invesco
Tax-Exempt Funds) ("XXXX") approved an Agreement and Plan of Reorganization (the
"Agreement"). On April 14, 2011, at a Joint Special Meeting for shareholders of
Invesco Tax-Exempt Securities Fund (the "Target Fund"), an investment portfolio
of XXXX, shareholders approved the Agreement that provided for the combination
of the Target Fund with Invesco Xxx Xxxxxx Municipal Income Fund (the "Acquiring
Fund"), an investment portfolio of XXXX (the "Reorganization"). Pursuant to the
Agreement, on June 6, 2011, all of the assets of the Target Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Target Fund and XXXX issued Class A shares of the Acquiring
Fund to the Target Fund's Class A shareholders, Class A shares of the Acquiring
Fund to the Target Fund's Class B shareholders, Class A shares of the Acquiring
Fund to the Target Fund's Class C shareholders and Class Y shares of the
Acquiring Fund to the Target Fund's Class Y shareholders. The total value of
the Acquiring Fund shares of each class that shareholders received in the
Reorganization was the same as the total value of shares of the corresponding
class of the Target Fund that shareholders held immediately prior to the
Reorganization. No sales charges or redemption fees were imposed in connection
with the Reorganization.
XXXXXXX XXX XXXXXX INSURED TAX FREE INCOME FUND TO INVESCO XXX XXXXXX MUNICIPAL
INCOME FUND
On October 27, 2010, the Board of Trustees of AIM Tax-Exempt Funds (Invesco
Tax-Exempt Funds) ("XXXX") approved an Agreement and Plan of Reorganization (the
"Agreement"). On April 14, 2011, at a Joint Special Meeting for shareholders of
Invesco Xxx Xxxxxx Insured Tax Free Income Fund (the "Target Fund"), an
investment portfolio of XXXX, shareholders approved the Agreement that provided
for the combination of the Target Fund with Invesco Xxx Xxxxxx Municipal Income
Fund (the "Acquiring Fund"), an investment portfolio of XXXX (the
"Reorganization"). Pursuant to the Agreement, on June 6, 2011, all of the
assets of the Target Fund were transferred to the Acquiring Fund. The Acquiring
Fund assumed all of the liabilities of the Target Fund and XXXX issued Class A,
Class B, Class C and Class Y shares of the Acquiring Fund to the Target Fund's
Class A, Class B, Class C and Class Y shareholders, respectively. The total
value of the Acquiring Fund shares of each class that shareholders received in
the Reorganization was the same as the total value of shares of the
corresponding class of the Target Fund that shareholders held immediately prior
to the Reorganization. No sales charges or redemption fees were imposed in
connection with the Reorganization.
INVESCO MUNICIPAL FUND TO INVESCO XXX XXXXXX INTERMEDIATE TERM MUNICIPAL INCOME
FUND
On October 27, 2010, the Board of Trustees of AIM Tax-Exempt Funds (Invesco
Tax-Exempt Funds) ("XXXX") approved an Agreement and Plan of Reorganization (the
"Agreement"). On April 14, 2011, at a Special Meeting for shareholders of
Invesco Municipal Fund (the "Target Fund"), an investment portfolio of XXXX,
shareholders approved the Agreement that provided for the combination of the
Target Fund with Invesco Xxx Xxxxxx Intermediate Term Municipal Income Fund (the
"Acquiring Fund"), an investment portfolio of XXXX (the "Reorganization").
Pursuant to the Agreement, on June 6, 2011, all of the assets of the Target Fund
were transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Target Fund and XXXX issued Class A, Class B, Class C and
Class Y shares of the Acquiring Fund to the Target Fund's Class A, Class B,
Class C and Class Y shareholders, respectively.
SUB-ITEM 77M
The total value of the Acquiring Fund shares of each class that shareholders
received in the Reorganization was the same as the total value of shares of
the corresponding class of the Target Fund that shareholders held immediately
prior to the Reorganization. No sales charges or redemption fees were imposed
in connection with the Reorganization.
INVESCO NEW YORK TAX-FREE INCOME FUND TO INVESCO XXX XXXXXX NEW YORK TAX FREE
INCOME FUND
On October 27, 2010, the Board of Trustees of AIM Counselor Series Trust
(Invesco Counselor Series Trust) ("ACST") approved an Agreement and Plan of
Reorganization (the "Agreement"). On April 14, 2011, at a Special Meeting for
shareholders of Invesco New York Tax-Free Income Fund (the "Target Fund"), an
investment portfolio of ACST, shareholders approved the Agreement that provided
for the combination of the Target Fund with Invesco Xxx Xxxxxx New York Tax Free
Income Fund (the "Acquiring Fund"), an investment portfolio of AIM Tax-Exempt
Funds (Invesco Tax-Exempt Funds) ("XXXX") (the "Reorganization"). Pursuant to
the Agreement, on June 6, 2011, all of the assets of the Target Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Target Fund and XXXX issued Class A shares of the Acquiring
Fund to the Target Fund's Class A shareholders, Class A shares of the Acquiring
Fund to the Target Fund's Class B shareholders, Class A shares of the Acquiring
Fund to the Target Fund's Class C shareholders and Class Y shares of the
Acquiring Fund to the Target Fund's Class Y shareholders The total value of the
Acquiring Fund shares of each class that shareholders received in the
Reorganization was the same as the total value of shares of the corresponding
class of the Target Fund that shareholders held immediately prior to the
Reorganization. No sales charges or redemption fees were imposed in connection
with the Reorganization.
FOR A MORE DETAILED DISCUSSION ON THE REORGANIZATION, PLEASE SEE THE AGREEMENT
AND PLAN OF REORGANIZATION FILED HEREIN UNDER ITEM 77Q1(g).
