SUB-ITEM 77M
MERGERS
INVESCO NEW YORK QUALITY MUNICIPAL SECURITIES TO INVESCO XXX XXXXXX TRUST FOR
INVESTMENT GRADE NEW YORK MUNICIPALS
On November 30, 2011, the Board of Trustees of Invesco New York Quality
Municipal Securities (the "Target Fund") approved an Agreement and Plan of
Merger (the "Agreement"). On August 14, 2012, at a Joint Annual Meeting for
shareholders of common and preferred shares of beneficial interest of Invesco
New York Quality Municipal Securities, shareholders approved the Agreement that
provided for the merger of the Target Fund with and into Invesco Xxx Xxxxxx
Trust for Investment Grade New York Municipals (the "Acquiring Fund") (the
"Merger") pursuant to the Delaware Statutory Trust Act. Pursuant to the
Agreement on August 27, 2012, the Acquiring Fund issued new Common Shares and
Preferred Shares. Common Shares of the Target Fund were exchanged for newly
issued Acquiring Fund Common Shares of equal aggregate net asset value; and
Preferred Shares were exchanged for newly issued Acquiring Fund Preferred
Shares with substantially identical terms, including equal aggregate
liquidation preferences. The Acquiring Fund assumed all of the liabilities of
the Target Fund. Common and Preferred Shares of the Acquiring Fund owned after
the merger will have an aggregate net asset value equal to the net asset value
of the Target Fund Common and Preferred Shares held immediately before the
Merger. Shareholders of the Target Fund and Acquiring Fund will recognize no
gain or loss for federal income tax purposes upon the exchange of all shares of
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 ITEM 77Q1(G).
