FORM OF
MASTER DISTRIBUTION PLAN AND AGREEMENT - CLASS B
BETWEEN
INVESCO ADVANTAGE SERIES FUNDS, INC.
(CLASS B SHARES)
(SECURITIZATION FEATURE)
AND
INVESCO DISTRIBUTORS, INC.
THIS AGREEMENT made as of the 23rd day of August, 2000, by and between
INVESCO ADVANTAGE SERIES FUNDS, INC. a Maryland Corporation (the "Company"),
with respect to the series of shares of the common stock of the Funds set forth
on Appendix A to this Agreement (the "Funds") (the shares of each of the Funds
hereinafter referred to as the "Class B Shares") and INVESCO DISTRIBUTORS, INC.,
a Delaware corporation (the "Distributor").
WHEREAS, the Company engages in business as an open-end management
investment company, and is registered as such under the Investment Company Act
of 1940, as amended (the "Act"); and
WHEREAS, the Company desires to finance the distribution of the Class B
Shares of common stock of each Fund, together with the Class B Shares of any
additional Fund that may hereafter be offered to the public, in accordance with
this Master Distribution Plan and Agreement of Distribution pursuant to Rule
12b-1 under the Act (the "Plan and Agreement"); and
WHEREAS, Distributor desires to be retained to perform services in
accordance with such Plan and Agreement and on said terms and conditions; and
WHEREAS, this Plan and Agreement has been approved by a vote of the board
of directors of the Company, including a majority of the directors who are not
interested persons of the Company, as defined in the Act, and who have no direct
or indirect financial interest in the operation of this Plan and Agreement (the
"Independent Directors"), cast in person at a meeting called for the purpose of
voting on this Plan and Agreement;
NOW, THEREFORE, the Company hereby adopts the Plan set forth herein and the
Company and Distributor hereby enter into this Agreement pursuant to the Plan in
accordance with the requirements of Rule 12b-1 under the Act, and provide and
agree as follows:
FIRST: The Plan is defined as those provisions of this document by which
the Company adopts a Plan pursuant to Rule 12b-1 under the Act and authorizes
payments as described herein. The Agreement is defined as those provisions of
this document by which the Company retains Distributor to provide distribution
services beyond those required by the General Distribution Agreement between the
parties, as are described herein. The Company may retain the Plan
notwithstanding termination of the Agreement. Termination of the Plan will
automatically terminate the Agreement. Each Fund is hereby authorized to utilize
the assets of the Company to finance certain activities in connection with
distribution of the Company's Class B Shares.
SECOND: The Company on behalf of the Class B Shares hereby appoints the
Distributor as its exclusive agent for the sale of the Class B Shares to the
public directly and through investment dealers and financial institutions in the
United States and throughout the world in accordance with the terms of the
current prospectuses applicable to the Funds.
THIRD: The Class B shares of each Fund may incur expenses per annum of the
average daily net assets of the Company attributable to the Class B Shares at
the rates set forth in Schedule A subject to any limitations imposed from time
to time by applicable rules of the National Association of Securities Dealers,
Inc. ("NASD"). The Company may pay any institution selected to act as the
Company's agent for distribution of the Class B Shares of any Fund form time to
time (each a "Distributor") at the rates set forth on Schedule A. All such
payments are the legal obligations of the Company and not of the Distributor or
its designee. Amounts payable pursuant to Schedule A with regard to Class B
Shares of each Fund shall be paid by the Company to the Distributor or, of more
than one institution is acting or has acted as Distributor with regard to such
Class B Shares, the amounts payable pursuant to Schedule A shall be paid to each
such Distributor in proportion to the number of such Class B Shares sold by or
attributable to such Distributor's distribution efforts with regard to such
Class B Shares in accordance with allocation provisions in each Distributor's
distribution agreement (the "Distributor's 12b-1 Share) notwithstanding that
such Distributor's distribution agreement with the Company may have been
terminated.
FOURTH: The Company shall not sell any Class B Shares except through the
Distributor and under the terms and conditions set forth in the FIFTH paragraph
below. Notwithstanding the provisions of the foregoing sentence, however:
(A) the Company may issue Class B Shares to any other investment company or
personal holding company, or to the shareholders thereof, in exchange for all or
a majority of the shares or assets of any such company; and
(B) the Company may issue Class B Shares at their net asset value in
connection with certain classes of transactions or to certain categories of
persons, in accordance with Rule 22d-1 under the Act, provided that any such
category is specified in the then current prospectus of the applicable Class B
Shares.
FIFTH: The Distributor hereby accepts appointment as exclusive agent for
the sale of the Class B Shares and agrees that it will use its best efforts to
sell such shares; provided, however, that:
(A) the Distributor may, and when requested by the Company on behalf of the
Class B Shares shall, suspend its efforts to effectuate such sales at any time
when, in the opinion of the Distributor or of the Company, no sales should be
made because of market or other economic considerations or abnormal
circumstances of any kind; and
(B) the Company may withdraw the offering of the Class B Shares at any time
without the consent of the Distributor. It is mutually understood and agreed
that the Distributor does not undertake to sell any specific amount of the Class
B Shares. The Company shall have the right to specify minimum amounts for
initial and subsequent orders for the purchase of Class B Shares.
(C ) To the extent that obligations incurred by Distributor out of its own
resources to finance any activity primarily intended to result in the sale of
Class B Shares of a Fund, pursuant to this Plan and Agreement or otherwise, may
be deemed to constitute the indirect use of Class B Shares Fund assets, such
indirect use of Class B Shares Fund assets is hereby authorized in addition to,
and not in lieu of, any other payments authorized under this Plan and Agreement.
(D) Distributor shall provide to the Company's Board of Directors and the
Board of Directors shall review, at least quarterly, a written report of the
amounts expended pursuant to the Plan and Agreement and the purposes for which
such expenditures were made.
SIXTH:
(A) The public offering price of the Class B shares shall be the net asset
value per share of the applicable Class B shares. Net asset value per share
shall be determined in accordance with the provisions of the then current
prospectus and statement of additional information of the applicable Fund. The
Company's Board of Directors may establish a schedule of contingent deferred
sales charges to be imposed at the time of redemption of the Class B Shares, and
such schedule shall be disclosed in the current prospectus or statement of
additional information of each Fund. Such schedule of contingent deferred sales
charges may reflect scheduled variations in or waivers of such charges on
redemptions of Class B shares, either generally to the public or to any
specified class of shareholders and/or in connection with any specified class of
transactions, in accordance with applicable rules and regulations and exemptive
relief granted by the Securities and Exchange Commission, and as set forth in
the Funds' current prospectus(es) or statement(s) of additional information. The
Distributor and the Company shall apply any then applicable scheduled variation
in or waiver of contingent deferred sales charges uniformly to all shareholders
and/or all transactions belonging to a specified class.
(B) The Distributor may pay to investment dealers and other financial
institutions through whom Class B Shares are sold, such sales commission as the
Distributor may specify from time to time. Payment of such sales commissions
shall be the sole obligation of the Distributor.
( C) Amounts set forth in Schedule A may be used to finance any activity
which is primarily intended to result in the sale of the Class B Shares,
including, but not limited to, expenses of organizing and conducting sales
seminars, advertising programs, finders fees, printing of prospectuses and
statements of additional information (and supplements thereto) and reports for
other than existing shareholders, preparation and distribution of advertising
material and sales literature, supplemental payments to dealers and other
institutions as asset-based sales charges and providing such other services and
activities as may from time to time be agreed upon by the Company. Such reports,
prospectuses and statements of additional information (and supplements thereto),
sales literature, advertising and other services and activities may be prepared
and/or conducted either by Distributor's own staff, the staff of affiliated
companies of the Distributor, or third parties.
(D) Amounts set forth in Schedule A may also be used to finance payments of
service fees under a shareholder service arrangement to be established by
Distributor in accordance with Section E below, and the costs of administering
the Plan and Agreement. To the extent that amounts paid hereunder are not used
specifically to compensate Distributor for any such expense, such amounts may be
treated as compensation for Distributor's distribution-related services. All
amounts expended pursuant to the Plan and Agreement shall be paid to Distributor
and are the legal obligation of the Company and not of Distributor. That portion
of the amounts paid under the Plan and Agreement that is not paid or advanced by
Distributor to dealers or other institutions that provide personal continuing
shareholder service as a service fee pursuant to Section E below shall be deemed
an asset-based sales charge. No provision of this Plan and Agreement shall be
interpreted to prohibit any payments by the Company during periods when the
Company has suspended or otherwise limited sales.
(E) Amounts expended by the Company under the Plan shall be used in part
for the implementation by Distributor of shareholder service arrangements. The
maximum service fee paid to any service provider shall be twenty-five
one-hundredths of one percent (0.25%), per annum of the average daily net assets
of the Company attributable to the Shares owned by the customers of such service
provider, or such lower rate for the Fund as is specified on Schedule A.
(1) Pursuant to this program, Distributor may enter into agreements
("Service Agreements") with such broker-dealers ("Dealers") as may be
selected from time to time by Distributor for the provision of
distribution-related personal shareholder services in connection with the
sale of Shares to the Dealers' clients and customers ("Customers") to
Customers who may from time to time directly or beneficially own Shares.
The distribution-related personal continuing shareholder services to be
rendered by Dealers under the Service Agreements may include, but shall not
be limited to, the following : (i) distributing sales literature; (ii)
answering routine Customer inquiries concerning the Company and the Shares;
(iii) assisting Customers in changing dividend options, account
designations and addresses, and in enrolling into any of several retirement
plans offered in connection with the purchase of Shares; (iv) assisting in
the establishment and maintenance of customer accounts and records, and in
the processing of purchase and redemption transactions; (v) investing
dividends and capital gains distributions automatically in Shares; and (vi)
providing such other information and services as the Company or the
Customer may reasonably request.
(2) Distributor may also enter into agreements ("Third Party Agreements")
with selected banks, financial planners, retirement plan service providers
and other appropriate third parties acting in an agency capacity for their
customers ("Third Parties"). Third Parties acting in such capacity will
provide some or all of the shareholder services to their customers as set
forth in the Third Party Agreements from time to time.
(3) Distributor may also enter into variable group annuity contractholder
service agreements ("Variable Contract Agreements") with selected insurance
companies ("Insurance Companies") offering variable annuity contracts to
employers as funding vehicles for retirement plans qualified under Section
401(a) of the Internal Revenue Code, where amounts contributed under such
plans are invested pursuant to such variable annuity contracts in Shares of
the Company. The Insurance Companies receiving payments under such Variable
Contract Agreements will provide specialized services to contractholders
and plan participants, as set forth in the Variable Contract Agreements
from time to time.
(4) Distributor may also enter into shareholder service agreements ("Bank
Trust Department Agreements and Brokers for Bank Trust Department
Agreements") with selected bank trust departments and brokers for bank
trust departments. Such bank trust departments and brokers for bank trust
departments will provide some or all of the shareholder services to their
customers as set forth in the Bank Trust Department Agreements and Brokers
for Bank Trust Department Agreements.
(F) No provision of this Plan and Agreement shall be deemed to prohibit any
payments by a Fund to the Distributor or by a Fund or the Distributor to
investment dealers, financial institutions and 401(k) plan service providers
where such payments are made under the Plan and Agreement.
(G) The Company shall redeem Class B Shares from shareholders in accordance
with the terms set forth from time to time in the current prospectus and
statement of additional information of each Fund. The price to be paid to a
shareholder to redeem Class B Shares shall be equal to the net asset value of
the Class B Shares being redeemed, less any applicable contingent deferred sales
charge. The Distributor shall be entitled to receive the amount of any
applicable contingent deferred sales charge that has been subtracted from gross
redemption proceeds. The Company shall pay or cause the Company's transfer agent
to pay the applicable contingent deferred sales charge to the Distributor on the
date net redemption proceeds are payable to the redeeming shareholder.
SEVENTH: The Distributor shall act as agent of the Company on behalf of
each Fund in connection with the sale and redemption of Class B Shares. Except
with respect to such sales and repurchases, the Distributor shall act as
principal in all matters relating to the promotion or the sale of Class B Shares
and shall enter into all of its own engagements, agreements and contracts as
principal on its own account. The Distributor shall enter into agreements with
investment dealers and financial institutions selected by the Distributor,
authorizing such investment dealers and financial institutions to offer and sell
Class B Shares to the public upon the terms and conditions set forth therein,
which shall not be inconsistent with the provisions of this Agreement. Each
agreement shall provide that the investment dealer and financial institution
shall act as a principal, and not as an agent, of the Company on behalf of the
Funds. The Distributor or such other investment dealers or financial
institutions will be deemed to have performed all services required to be
performed in order to be entitled to receive the asset based sales charge
portion of any amounts payable with respect to Class B Shares to the Distributor
pursuant to the Plan and Agreement adopted by the Company on behalf of each Fund
upon the settlement of each sale of a Class B Share (or a share of another fund
from which the Class B Share derives).
EIGHTH: The Funds shall bear:
(A) the expenses of qualification of Class B Shares for sale in connection
with such public offerings in such states as shall be selected by the
Distributor, and of continuing the qualification therein until the Distributor
notifies the Company that it does not wish such qualification continued; and
(B) all legal expenses in connection with the foregoing.
NINTH:
(A) The Distributor shall bear the expenses of printing from the final
proof and distributing the Funds' prospectuses and statements of additional
information (including supplements thereto) relating to public offerings made by
the Distributor pursuant to this Agreement (which shall not include those
prospectuses and statements of additional information, and supplements thereto,
to be distributed to shareholders of each Fund), and any other promotional or
sales literature used by the Distributor or furnished by the Distributor to
dealers in connection with such public offerings, and expenses of advertising in
connection with such public offerings.
(B) The Distributor may be compensated for all or a portion of such
expenses, or may receive reasonable compensation for distribution related
services, to the extent permitted by the Plan and Agreement.
TENTH:
(A) The Distributor may, from time to time, assign, transfer or pledge
("Transfer") to one or more designees (each an "Assignee"), its rights to all or
a designated portion of its Distributor's 12b-1 Share (I) the amounts set forth
in Schedule A (but not the Distributor's duties and obligations pursuant
hereto), and (ii) the contingent deferred sales charge ("CDSC"), free and clear
of any offsets or claims the Company may have against the Distributor. Each such
Assignee's ownership interest in a Transfer of a designated portion of a
Distributor's 12b-1 Share and CDSC is hereinafter referred to as an "Assignee's
12b-1 Portion" and an "Assignee's CDSC Portion," respectively. A Transfer
pursuant to this Section TENTH: (A) shall not reduce or extinguish any claim of
the Company against the Distributor.
(B) The Distributor shall promptly notify the Company in writing of each
Transfer pursuant to Section TENTH: (A) by providing the Company with the name
and address of each such Assignee.
(C) The Distributor may direct the Company to pay directly to an Assignee
such Assignee's 12b-1 Portion and Assignee's CDSC Portion. In such event,
Distributor shall provide the Company with a monthly calculation of (I) the CDSC
and (ii) each Assignee's 12b-1 Portion and Assignee's CDSC portion, if any, for
such month (the "Monthly Calculation"). The Monthly Calculation shall be
provided to the Company by the Distributor promptly after the close of each
month or such other time as agreed to by the Company and the Distributor which
allows timely payment of the amounts set forth on Schedule A and CDSC and/or the
Assignee's 12b-1 Portion and Assignee's CDSC Portion. The Company shall not be
liable for any interest on such payments occasioned by delayed delivery of the
Monthly Calculation by the Distributor. In such event following receipt from the
Distributor of (I) notice of Transfer referred to in Section Tenth: (B) and (ii)
each Monthly Calculation, the Company shall make all payments directly to the
Assignee or Assignees in accordance with the information provided in such notice
and Monthly Calculation, on the same terms and conditions as if such payments
were to be paid directly to the Distributor. The Company shall be entitled to
rely on Distributor's notices, and Monthly Calculations in respect of amounts to
be paid pursuant to this Section Tenth: (B).
(D) Alternatively, in connection with a Transfer the Distributor may direct
the Company to pay all of such amounts set forth on Schedule A and CDSC from
time to time to a depository or collection agent designated by any Assignee,
which depository or collection agent may be delegated the duty of dividing such
amounts set forth on Schedule A and CDSC between the Assignee's 12b-1 Portion
and Assignee's CDSC Portion and the balance of the amounts set forth on Schedule
A (such balance, when distributed to the Distributor by the depository or
collection agent, the "Distributor's 12b-1 Portion") and of the CDSC (such
balance, when distributed to the Distributor by the depository or collection
agent, the "Distributor's CDSC Portion"), in which case only the Distributor's
12b-1 Portion and Distributor's CDSC Portion"), in which case only the
Distributor's 12b-1 Portion and Distributor's CDSC Portion may be subject to
offsets or claims the Company may have against the Distributor.
(E) The Company shall not amend the Plan to reduce the amount payable to
the Distributor or any Assignee under Section Ninth: (B) hereof with respect to
the Shares for any Shares which have been issued prior to the date of such
amendment.
ELEVENTH: The Distributor will accept orders for the purchase of Class B
Shares only to the extent of purchase orders actually received and not in excess
of such orders, and it will not avail itself of any opportunity of making a
profit by expediting or withholding orders. It is mutually understood and agreed
that the Company may reject purchase orders where, in the judgment of the
Company, such rejection is in the best interest of the Company.
TWELFTH: The Company, on behalf of the Funds, and the Distributor shall
each comply with all applicable provisions of the Act, the Securities Act of
1933, rules and regulations of the National Association of Securities Dealers,
Inc. and its affiliates, and of all other federal and state laws, rules and
regulations governing the issuance and sale of Class B Shares.
THIRTEENTH:
(A) In the absence of willful misfeasance, bad faith, gross negligence or
reckless disregard of obligations or duties hereunder on the part of the
Distributor, the Company on behalf of the Funds agrees to indemnify the
Distributor against any and all claims, demands, liabilities and expenses which
the Distributor may incur under the Securities Act of 1933, or common law or
otherwise, arising out of or based upon any alleged untrue statement of a
material fact contained in any registration statement or prospectus of the
Funds, or any omission to state a material fact therein, the omission of which
makes any statement contained therein misleading, unless such statement or
omission was made in reliance upon, and in conformity with, information
furnished to the Company or Fund in connection therewith by or on behalf of the
Distributor. The Distributor agrees to indemnify the Company and the Funds
against any and all claims, demands, liabilities and expenses which the Company
or the Funds may incur arising out of or based upon any act or deed of the
Distributor or its sales representatives which has not been authorized by the
Company or the Funds in its prospectus or in this Agreement.
(B) The Distributor agrees to indemnify the Company and the Funds against
any and all claims, demands, liabilities and expenses which the Company or the
Funds may incur under the Securities Act of 1933, or common law or otherwise,
arising out of or based upon any alleged untrue statement of a material fact
contained in any registration statement or prospectus of the Funds, or any
omission to state a material fact therein if such statement or omission was made
in reliance upon, and in conformity with, information furnished to the Company
or the Funds in connection therewith by or on behalf of the Distributor.
(C) Notwithstanding any other provision of this Agreement, the Distributor
shall not be liable for any errors of the Funds' transfer agent, or for any
failure of any such transfer agent to perform its duties.
FOURTEENTH: Nothing herein contained shall require the Company to take any
action contrary to any provision of its Articles of Incorporation, or to any
applicable statute or regulation.
FIFTHTEENTH: This Plan and Agreement shall become effective as of the date
hereof, shall continue in force and effect until August 23, 2001, and shall
continue in force and effect from year to year thereafter, provided that such
continuance is specifically approved at least annually (a)(i) by the Board of
Directors of the Company or (ii) by the vote of a majority of the Funds'
outstanding voting securities of Class B Shares (as defined in Section 2(a)(42)
of the 1940 Act), and (b) by vote of a majority of the Company's directors who
are not parties to this Plan and Agreement or "interested persons" (as defined
in Section 2(a)(19) of the 0000 Xxx) of any party to this Plan and Agreement
cast in person at a meeting called for such purpose.
Any amendment to this Plan and Agreement that requires the approval of the
shareholders of Class B Shares pursuant to Rule 12b-1 under the 1940 Act shall
become effective as to such Class B Shares upon the approval of such amendment
by a "majority of the outstanding voting securities" (as defined in the 0000
Xxx) of such Class B Shares, provided that the Board of Directors of the Company
has approved such amendment.
SIXTEENTH: This Plan and Agreement, any amendment to this Plan and
Agreement and any agreements related to this Plan and Agreement shall become
effective immediately upon the receipt by the Company of both (a) the
affirmative vote of a majority of the Board of Directors of the Company, and (b)
the affirmative vote of a majority of those directors of the Company who are not
"interested persons" of the Company (as defined in the 0000 Xxx) and have no
direct or indirect financial interest in the operation of this Plan and
Agreement or any agreements related to it (the "Independent Directors"), cast in
person at a meeting called for the purpose of voting on this Plan and Agreement
or such agreements. Notwithstanding the foregoing, no such amendment that
requires the approval of the shareholders of Class B Shares of a Company shall
become effective as to such Class B Shares until such amendment has been
approved by the shareholders of such Class B Shares in accordance with the
provisions of the Fourteenth paragraph of this Plan and Agreement.
This Plan and Agreement may not be amended to increase materially the
amount of distribution expenses provided for in Schedule A hereof unless such
amendment is approved in the manner provided herein, and no material amendment
to the Plan and Agreement shall be made unless approved in the manner provided
for in the Fourteenth paragraph hereof.
So long as the Plan and Agreement remains in effect, the selection and
nominationof persons to serve as directors of the Company who are not
"interested persons" of theCompany shall be committed to the discretion of the
directors then in office who are not"interested persons" of the Company.
However, nothing contained herein shall prevent theparticipation of other
persons in the selection and nomination process, provided that a finaldecision
on any such selection or nomination is within the discretion of, and approved
by,a majority of the directors of the Company then in office who are not
"interested persons" of the Company.
SEVENTEENTH:
(A) This Plan and Agreement may be terminated at any time, without the
payment of any penalty, by vote of the Board of Directors of the Company or by
vote of a majority of the outstanding voting securities of Class B Shares of
each Fund, or by the Distributor, on sixty (60) days' written notice to the
other party.
(B ) In the event that neither Distributor nor any affiliate of Distributor
serves the Company as investment adviser, the agreement with Distributor
pursuant to this Plan shall terminate at such time. The board of directors may
determine to approve a continuance of the Plan and/or a continuance of the
Agreement, hereunder.
(C) To the extent that this Plan and Agreement constitutes a Plan of
Distribution adopted pursuant to Rule 12b-1 under the Act it shall remain in
effect as such, so as to authorize the use by the Class B Shares of each Fund of
its assets in the amounts and for the purposes set forth herein, notwithstanding
the occurrence of an "assignment," as defined by the Act and the rules
thereunder. To the extent it constitutes an agreement with INVESCO pursuant to a
plan, it shall terminate automatically in the event of such "assignment." Upon a
termination of the agreement with Distributor, the Funds shall not be required
to make payments hereunder beyond such termination date with respect to expenses
incurred in connection with Class B Shares sold prior to such termination date,
provided, in each case that each of the requirements of a Complete Termination
of this Plan and Agreement with regard to Class B Shares, as defined below are
met. A termination of this Plan and Agreement with respect to any or all Class B
Shares of any or all Funds shall not affect the obligation of the Company to
withhold and pay to Distributor CDSCs to which the Distributor is entitled. For
purposes of this Section Seventeenth a "Complete Termination" of this Plan and
Agreement with regard to any Fund shall mean a termination of this Plan and
Agreement with regard to such Fund, provided that: (i) the Independent Directors
of the Company shall have acted in good faith and shall have determined that
such termination is in the best interest of the Company and the shareholders of
such Fund; (ii) the Company does not alter the terms of the CDSC applicable to
Class B Shares outstanding at the time of such termination; and (iii) unless the
Distributor at the time of such termination was in material breach under the
distribution agreement with regard to such Fund, the Company shall not, with
regard to such Fund, pay to any person or entity, other the Distributor or its
designee, either the asset based sales charge or the service fee (or any similar
fee) with regard to the Class B Shares sold by the Distributor prior to such
termination.
(D) The Transfer of the Distributor's rights to the fees set forth on
Schedule A or the CDSC shall not cause termination of this Agreement or be
deemed to be an "assignment," as defined by the Act and the rules thereunder.
EIGHTEENTH: Any notice under this Plan and Agreement shall be in writing,
addressed and delivered, or mailed postage prepaid, to the other party at such
address as the other party may designate for the receipt of notices. Until
further notice to the other party, it is agreed that the addresses of both the
Company and the Distributor shall be 0000 Xxxx Xxxxx Xxxxxx, Mail Stop 201,
Xxxxxx, Xxxxxxxx 00000.
NINTEENTH: This Plan and Agreement shall be governed by and construed in
accordance with the laws (without reference to conflicts of law provisions) of
the State of Maryland.
IN WITNESS WHEREOF, the parties have caused this Plan and Agreement to be
executed in duplicate on the day and year first above written.
INVESCO ADVANTAGE SERIES FUNDS, INC.
Attest:
By:
-------------------------
Name: Xxxx X. Xxxxxxxxxx
Title: President
------------------------
Name: Xxxx X. Xxxxx
Title: Secretary
INVESCO DISTRIBUTORS, INC.
Attest:
By:
-------------------------
------------------------ Name: Xxxxxx X. Xxxxxx
Name: Xxxx X. Xxxxx Title: Treasurer
Title: Secretary
APPENDIX A
TO
MASTER DISTRIBUTION PLAN AND AGREEMENT - CLASS B
OF
INVESCO ADVANTAGE SERIES FUNDS, INC.
CLASS B SHARES
INVESCO Advantage Fund
SCHEDULE A
TO
MASTER DISTRIBUTION PLAN AND AGREEMENT - CLASS B
OF
INVESCO ADVANTAGE SERIES FUNDS, INC.
(DISTRIBUTION FEE)
The Company shall pay the Distributor as full compensation for all services
rendered and all facilities furnished under the Distribution Plan and Agreement
for each Fund (or Class thereof) designated below, a Distribution Fee*
determined by applying the annual rate set forth below as to each Fund (or Class
thereof) to the average daily net assets of the Fund (or Class thereof) for the
plan year, computed in a manner used for the determination of the offering price
of shares of the Fund.
MAXIMUM MAXIMUM MAXIMUM
ASSET BASED SERVICE AGGREGATE
FUND CLASS B SHARES SALES CHARGE FEE FEE
INVESCO Advantage Fund 0.25% 0.75% 1.00%
-----------------
* The Distribution Fee is payable apart from the sales charge, if any, as
stated in the current prospectus for the applicable Fund (or Class
thereof).
