SUB-ITEM 77M
MERGERS
AIM COUNSELOR SERIES TRUST (INVESCO COUNSELOR SERIES TRUST)
INVESCO CONSTELLATION FUND TO INVESCO AMERICAN FRANCHISE FUND
On December 5, 2012, the Board of Trustees of AIM Equity Funds (Invesco Equity
Funds) ("AEF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On August 27, 2013, at a Joint Special Meeting for shareholders
of Invesco Constellation Fund (the "Target Fund"), an investment portfolio of
AEF, shareholders approved the Agreement that provided for the combination of
the Target Fund with Invesco American Franchise Fund (the "Acquiring Fund"), an
investment portfolio of AIM Counselor Series Trust (Invesco Counselor Series
Trust) ("ACST") (the "Reorganization"). Pursuant to the Agreement, on
September 16, 2013, 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 ACST issued Class A shares of the Acquiring Fund to the Target
Fund's Class A shareholders, Class B shares of the Acquiring Fund to the Target
Fund's Class B shareholders, Class C shares of the Acquiring Fund to the Target
Fund's Class C shareholders, Class R shares of the Acquiring Fund to the Target
Fund's Class R shareholders, Class R5 shares of the Acquiring Fund to the
Target Fund's Class R5 shareholders, 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 were imposed in connection with the Reorganization. Shareholders of the
Target Fund will recognize no gain or loss for federal income tax purposes upon
the exchange of all of their shares in the Target Fund for shares in the
Acquiring Fund.
FOR A MORE DETAILED DISCUSSION ON THE MERGER, PLEASE SEE THE AGREEMENT AND PLAN
OF MERGER FILED HEREIN UNDER SUB-ITEM 77Q1(g).
