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[LOGO APPEARS HERE]
A I M Distributors, Inc.
Exhibit 6(b)
SELECTED DEALER AGREEMENT
FOR INVESTMENT COMPANIES MANAGED
BY A I M ADVISORS, INC.
TO THE UNDERSIGNED SELECTED DEALER:
Gentlemen:
A I M Distributors, Inc., as the exclusive national distributor of shares of
the common stock (the "Shares") of the registered investment companies listed
on Schedule A attached hereto which may be amended from time to time by us (the
"Funds"), understands that you are a member in good standing of the National
Association of Securities Dealers, Inc. ("NASD"), of, if a foreign dealer,
that you agree to abide by all of the rules and regulations of the NASD for
purposes of this Agreement (which you confirm by your signature below). In
consideration of the mutual covenants stated below, you and we hereby agree as
follows:
1. Sales of Shares through you will be at the public offering price of
such Shares (the net asset value of the Shares plus any sales charge
applicable to such Shares), as determined in accordance with the then
effective prospectus used in connection with the offer and sale of
Shares (the "Prospectus"), which public offering price may reflect
scheduled variations in, or the elimination of, the Sales Charge on
sales of the Funds' Shares either generally to the public or in
connection with special purchase plans, as described in the
Prospectus. You agree that you will apply any scheduled variation in,
or elimination of, the Sales Charge uniformly to all offerees in the
class specified in the Prospectus.
2. You agree to purchase Shares solely through us and only for the
purpose of covering purchase orders already received from customers of
for your own bona fide investment. You agree not to purchase for any
other securities dealer unless you have an agreement with such other
dealer or broker to handle clearing arrangements and then only in the
ordinary course of business for such purpose and only if such other
dealer has executed a Selected Dealer Agreement with us. You also
agree not to withhold any customer order so as to profit therefrom.
3. The procedures relating to the handling of orders shall be subject to
instructions which we will forward from time to time to all selected
dealers with whom we have entered into a Selected Dealer Agreement.
The minimum initial order shall be specified in the Funds' then
current prospectuses. All purchase orders are subject to receipt of
Shares by us from the Funds concerned and to acceptance of such orders
by us. We reserve the right in our sole discretion to reject any
order.
4. With respect to the Funds the Shares of which are indicated on the
attached Schedule as being sold with a Sales Charge (the "Load
Funds"), you will be allowed the concessions from the public offering
price provided in the Load Funds' prospectus. With respect to the
Funds, the Shares of which are indicated on the attached Schedule A as
being sold with a contingent deferred sales charge (the "CDSC Funds"),
you will be paid a commission or concession as disclosed in the CDSC
Fund's then current prospectus. With respect to the Funds whose
Shares are indicated on the attached Schedule as being sold without a
Sales Charge or a contingent deferred sales charge (the "No-Load
Funds"), you may charge a reasonable administrative fee. For the
purposes of this Agreement the terms "Sales Charge" and "Dealer
Commission" apply only to the Load Funds and the CDSC Funds. All
commissions and concessions are subject to change without notice by us
and will comply with any changes in regulatory requirements. You
agree that you will not combine customer orders to reach breakpoints
in commissions for any purpose whatsoever unless authorized by the
Prospectus or by us in writing.
5. You agree that your transactions in shares of the Funds will be
limited to (a) the purchase of Shares from us for resale to your
customers at the public offering price then in effect or for your own
bona fide investment, (b) exchanges of Shares between Funds, as
permitted by the Funds' then current registration statement (which
includes the Prospectus) and in accordance with procedures as they may
be modified by us from time to time, and (c) transactions involving
the redemption of Shares by a Fund or the repurchase of Shares by us
as an accommodation to shareholders. Redemptions by a Fund and
repurchases by us will be effected in the manner and upon the terms
described in the Prospectus. We will, upon your request, assist you
in processing such orders for redemptions or repurchases. To
facilitate prompt payment following a redemption or repurchase of
Shares, the owner's signature shall appear as registered on the Funds'
records and, as described in the Prospectus, it may be required to be
guaranteed by a commercial bank, trust company or a member of a
national securities exchange.
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6. Sales and exchanges of Shares may only be made in those states and
jurisdictions where the Shares are registered or qualified for sale to
the public. We agree to advise you currently of the identity of those
states and jurisdictions in which the Shares are registered or
qualified for sale, and you agree to indemnify us and/or the Funds for
any claim, liability, expense or loss in any way arising out of a sale
of Shares in any state or jurisdiction in which such Shares are not so
registered or qualified.
7. We shall accept orders only on the basis of the then current offering
price. You agree to place orders in respect of Shares immediately
upon the receipt of orders from your customers for the same number of
shares. Orders which you receive from your customers shall be deemed
to be placed with us when received by us. Orders which you receive
prior to the close of business, as defined in the Prospectus, and
placed with us within the time frame set forth in the Prospectus shall
be priced at the offering price next computed after they are received
by you. We will not accept from you a conditional order on any basis.
All orders shall be subject to confirmation by us.
8. Your customer will be entitled to a reduction in the Sales Charge on
purchases made under a Letter of Intent or Right of Accumulation
described in the Prospectus. In such case, your Dealer's Concession
will be based upon such reduced Sales Charge; however, in the case of
a Letter of Intent signed by your customer, an adjustment to a higher
Dealer's Concession will thereafter be made to reflect actual
purchases by your customer if he should fail to fulfill his Letter of
Intent. When placing wire trades, you agree to advise us of any
Letter of Intent signed by your customer or of any Right of
Accumulation available to him of which he has made you aware. If you
fail to so advise us, you will be liable to us for the return of any
commissions plus interest thereon.
9. You and we agree to abide by the Rules of Fair Practice of the NASD
and all other federal and state rules and regulations that are now or
may become applicable to transactions hereunder. Your expulsion from
the NASD will automatically terminate this Agreement without notice.
Your suspension from the NASD or a violation by you of applicable
state and federal laws and rules and regulations of authorized
regulatory agencies will terminate this Agreement effective upon
notice received by you from us. You agree that it is your
responsibility to determine the suitability of any Shares as
investments for your customers, and that AIM Distributors has no
responsibility for such determination.
10. With respect to the Load Funds and the CDSC Funds, and unless
otherwise agreed, settlement shall be made at the offices of the
Funds' transfer agent within three (3) business days after our
acceptance of the order. With respect to the No-Load Funds,
settlement will be made only upon receipt by the Fund of payment in
the form of federal funds. If payment is not so received or made
within ten (10) business days of our acceptance of the order, we
reserve the right to cancel the sale or, at our option, to sell the
Shares to the Funds at the then prevailing net asset value. In this
event, or in the event that you cancel the trade for any reason, you
agree to be responsible for any loss resulting to the Funds or to us
from your failure to make payments as aforesaid. You shall not be
entitled to any gains generated thereby.
11. If any Shares of any of the Load Funds sold to you under the terms of
this Agreement are redeemed by the Fund or repurchased for the account
of the Funds or are tendered to the Funds for redemption or repurchase
within seven (7) business days after the date of our confirmation to
you of your original purchase order therefore, you agree to pay
forthwith to us the full amount of the concession allowed to you on
the original sale and we agree to pay such amount to the Fund when
received by us. We also agree to pay to the Fund the amount of our
share of the Sales Charge on the original sale of such Shares.
12. Any order placed by you for the repurchase of Shares of a Fund is
subject to the timely receipt by the Fund's transfer agent of all
required documents in good order. If such documents are not received
within a reasonable time after the order is placed, the order is
subject to cancellation, in which case you agree to be responsible for
any loss resulting to the Fund or to us from such cancellation.
13. We reserve the right in our discretion without notice to you to
suspend sales or withdraw any offering of Shares entirely, to change
the offering prices as provided in the Prospectus or, upon notice to
you, to amend or cancel this Agreement. You agree that any order to
purchase Shares of the Funds placed by you after notice of any
amendment to this Agreement has been sent to you shall constitute your
agreement to any such amendment.
14. In every transaction, we will act as agent for the Fund and you will
act as principal for your own account. You have no authority
whatsoever to act as our agent or as agent for the Funds, any other
Selected Dealer or the Funds' transfer agent and nothing in this
Agreement shall serve to appoint you as an agent of any of the
foregoing in connection with transactions with your customers or
otherwise.
15. No person is authorized to make any representations concerning the
Funds or their Shares except those contained in the Prospectus and any
such information as may be released by us as information supplemental
to the Prospectus. If you should make such unauthorized
representation, you agree to indemnify the Funds and us from and
against any and all claims, liability, expense or loss in any way
arising out of or in any way connected with such representation.
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16. We will supply you with copies of the Prospectuses and Statements of
Additional Information of the Funds (including any amendments thereto)
in reasonable quantities upon request. You will provide all customers
with a Prospectus prior to or at the time such customer purchases
Shares. You will provide any customer who so requests a copy of the
Statement of Additional Information on file with the U.S. Securities
and Exchange Commission.
17. You shall be solely responsible for the accuracy, timeliness and
completeness of any orders transmitted by you on behalf of your
customers by wire or telephone for purchases, exchanges or
redemptions, and shall indemnify us against any claims by your
customers as a result of your failure to properly transmit their
instructions.
18. No advertising or sales literature, as such terms are defined by the
NASD, of any kind whatsoever will be used by you with respect to the
Funds or us unless first provided to you by us or unless you have
obtained our prior written approval.
19. All expenses incurred in connection with your activities under this
Agreement shall be borne by you.
20. This Agreement shall not be assignable by you. This Agreement shall
be constructed in accordance with the laws of the State of Texas.
21. Any notice to you shall be duly given if mailed or telegraphed to you
at your address as registered from time to time with the NASD.
22. This Agreement constitutes the entire agreement between the
undersigned and supersedes all prior oral or written agreements
between the parties hereto.
A I M DISTRIBUTORS, INC.
Date: By: /s/ XXXXXXX X. XXXX
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The undersigned accepts your invitation to become a Selected Dealer and agrees
to abide by the foregoing terms and conditions. The undersigned acknowledges
receipt of prospectuses for use in connection with offers and sales of the
Funds.
Date: By:X
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Signature
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Print Name Title
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Dealer's Name
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Address
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City State Zip
Please sign both copies and return one copy
of each to:
A I M Distributors, inc.
00 Xxxxxxxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000-0000
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[LOGO APPEARS HERE]
A I M Distributors, Inc.
SCHEDULE "A" TO
SELECTED DEALER AGREEMENT
Shares Sold Shares Sold
Fund With Sales Charge With CDSC
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AIM Aggressive Growth Fund Yes No
AIM Balanced Fund Yes Yes
AIM Charter Fund Yes Yes
AIM Constellation Fund Yes No
AIM Global Aggressive Growth Fund Yes Yes
AIM Global Growth Fund Yes Yes
AIM Global Income Fund Yes Yes
AIM Global Utilities Fund Yes Yes
AIM Intermediate Government Fund Yes Yes
AIM Growth Fund Yes Yes
AIM High Yield Fund Yes Yes
AIM Income Fund Yes Yes
AIM International Equity Fund Yes Yes
AIM Limited Maturity Treasury Shares Yes No
AIM Money Market Fund Class A Yes Yes
AIM Money Market Fund Class C No No
AIM Municipal Bond Fund Yes Yes
AIM Tax-Exempt Bond Fund of Connecticut Yes No
AIM Tax-Exempt Cash Fund No No
AIM Tax-Free Intermediate Shares Yes No
AIM Value Fund Yes Yes
AIM Xxxxxxxxxx Fund Yes Yes
A I M Distributors may from time to time make payments of finders fees or
sponsor other incentive programs as described in the applicable fund prospectus
and statement of additional information, which are incorporated herein by
reference as they may be amended from time to time.
Trades at $1 million and over breakpoint automatically subject to CDSC with
exception of AIM Limited Maturity Treasury Shares, AIM Money Market Fund Class
C, AIM Tax-Exempt Cash Fund and AIM Tax-Free Intermediate Shares.
A I M Distributors, Inc.
00 Xxxxx xxx Xxxxx, Xxxxx 0000
Xxxxxxx, Xxxxx 00000-0000
