SUB-ITEM 77M
MERGERS
AIM VARIABLE INSURANCE FUNDS (INVESCO VARIABLE INSURANCE FUNDS)
THE DIVIDEND GROWTH PORTFOLIO TO INVESCO V.I. DIVIDEND GROWTH FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Dividend Growth Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco V.I. Dividend Growth Fund,
(the "Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class X shareholders and Series II shares of the Acquiring Fund to
the Fund's Class Y shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was imposed in connection with the Reorganization.
THE GLOBAL DIVIDEND GROWTH PORTFOLIO TO INVESCO V.I. GLOBAL DIVIDEND GROWTH FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Global Dividend Growth Portfolio (the "Fund"), shareholders approved the
Agreement that provided for the combination of the Fund with Invesco V.I. Global
Dividend Growth Fund, (the "Acquiring Fund"), an investment portfolio of AVIF
(the "Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the
assets of the Fund were transferred to the Acquiring Fund. The Acquiring Fund
assumed all of the liabilities of the Fund, and AVIF issued Series I shares of
the Acquiring Fund to the Fund's Class X shareholders and Series II shares of
the Acquiring Fund to the Fund's Class Y shareholders. The value of each Fund's
shareholder account with the Acquiring Fund immediately after the Reorganization
was the same as the value of such shareholder's account with the Fund
immediately prior to the Reorganization. The Reorganization was structured as a
tax-free transaction. No initial sales charge was imposed in connection with the
Reorganization.
THE HIGH YIELD PORTFOLIO TO INVESCO V.I. HIGH YIELD FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The High
Yield Portfolio (the "Fund"), shareholders approved the Agreement that provided
for the combination of the Fund with Invesco V.I. High Yield Fund, (the
"Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class X shareholders and Series II shares of the Acquiring Fund to
the Fund's Class Y shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was imposed in connection with the Reorganization.
THE INCOME BUILDER PORTFOLIO TO INVESCO V.I. INCOME BUILDER FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Income Builder Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the
SUB-ITEM 77M
combination of the Fund with Invesco V.I. Income Builder Fund, (the "Acquiring
Fund"), an investment portfolio of AVIF (the "Reorganization"). Pursuant to the
Agreement, on June 1, 2010, all of the assets of the Fund were transferred to
the Acquiring Fund. The Acquiring Fund assumed all of the liabilities of the
Fund, and AVIF issued Series I shares of the Acquiring Fund to the Fund's Class
X shareholders and Series II shares of the Acquiring Fund to the Fund's Class Y
shareholders. The value of each Fund's shareholder account with the Acquiring
Fund immediately after the Reorganization was the same as the value of such
shareholder's account with the Fund immediately prior to the Reorganization. The
Reorganization was structured as a tax-free transaction. No initial sales charge
was imposed in connection with the Reorganization.
THE S&P 500 INDEX PORTFOLIO TO INVESCO V.I. S&P 500 INDEX FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The S&P
500 Index Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco V.I. S&P 500 Index Fund,
(the "Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class X shareholders and Series II shares of the Acquiring Fund to
the Fund's Class Y shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was imposed in connection with the Reorganization.
THE BALANCED PORTFOLIO TO INVESCO V.I. SELECT DIMENSIONS BALANCED FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Balanced Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco V.I. Select Dimensions
Balanced Fund, (the "Acquiring Fund"), an investment portfolio of AVIF (the
"Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the assets
of the Fund were transferred to the Acquiring Fund. The Acquiring Fund assumed
all of the liabilities of the Fund, and AVIF issued Series I shares of the
Acquiring Fund to the Fund's Class X shareholders and Series II shares of the
Acquiring Fund to the Fund's Class Y shareholders. The value of each Fund's
shareholder account with the Acquiring Fund immediately after the Reorganization
was the same as the value of such shareholder's account with the Fund
immediately prior to the Reorganization. The Reorganization was structured as a
tax-free transaction. No initial sales charge was imposed in connection with the
Reorganization.
THE DIVIDEND GROWTH PORTFOLIO TO INVESCO V.I. SELECT DIMENSIONS DIVIDEND GROWTH
FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Dividend Growth Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco V.I. Select Dimensions
Dividend Growth Fund, (the "Acquiring Fund"), an investment portfolio of AVIF
(the "Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the
assets of the Fund were transferred to the Acquiring Fund. The Acquiring Fund
assumed all of the liabilities of the Fund, and AVIF issued Series I shares of
the Acquiring Fund to the Fund's Class X shareholders and Series II shares of
the Acquiring Fund to the Fund's Class Y shareholders. The value of each Fund's
shareholder account with the Acquiring Fund immediately after the Reorganization
was the same as the value of such shareholder's account with the Fund
immediately prior to the Reorganization. The Reorganization was structured as a
tax-free transaction. No initial sales charge was imposed in connection with the
Reorganization.
SUB-ITEM 77M
THE EQUALLY-WEIGHTED S&P 500 PORTFOLIO TO INVESCO V.I. SELECTION DIMENSIONS
EQUALLY-WEIGHTED S&P 500 FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of The
Equally-Weighted S&P 500 Portfolio (the "Fund"), shareholders approved the
Agreement that provided for the combination of the Fund with Invesco V.I.
Selection Dimensions Equally-Weighted S&P 500 Fund, (the "Acquiring Fund"), an
investment portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement,
on June 1, 2010, all of the assets of the Fund were transferred to the Acquiring
Fund. The Acquiring Fund assumed all of the liabilities of the Fund, and AVIF
issued Series I shares of the Acquiring Fund to the Fund's Class X shareholders
and Series II shares of the Acquiring Fund to the Fund's Class Y shareholders.
The value of each Fund's shareholder account with the Acquiring Fund immediately
after the Reorganization was the same as the value of such shareholder's account
with the Fund immediately prior to the Reorganization. The Reorganization was
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST CAPITAL GROWTH PORTFOLIO TO INVESCO XXX XXXXXX
V.I. CAPITAL GROWTH FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Capital Growth Portfolio (the "Fund"), shareholders
approved the Agreement that provided for the combination of the Fund with
Invesco Xxx Xxxxxx V.I. Capital Growth Fund, (the "Acquiring Fund"), an
investment portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement,
on June 1, 2010, all of the assets of the Fund were transferred to the Acquiring
Fund. The Acquiring Fund assumed all of the liabilities of the Fund, and AVIF
issued Series I shares of the Acquiring Fund to the Fund's Class I shareholders
and Series II shares of the Acquiring Fund to the Fund's Class II shareholders.
The value of each Fund's shareholder account with the Acquiring Fund immediately
after the Reorganization was the same as the value of such shareholder's account
with the Fund immediately prior to the Reorganization. The Reorganization was
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST XXXXXXXX PORTFOLIO TO INVESCO XXX XXXXXX V.I.
XXXXXXXX FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Xxxxxxxx Portfolio (the "Fund"), shareholders
approved the Agreement that provided for the combination of the Fund with
Invesco Xxx Xxxxxx V.I. Xxxxxxxx Fund, (the "Acquiring Fund"), an investment
portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement, on June 1,
2010, all of the assets of the Fund were transferred to the Acquiring Fund. The
Acquiring Fund assumed all of the liabilities of the Fund, and AVIF issued
Series I shares of the Acquiring Fund to the Fund's Class I shareholders and
Series II shares of the Acquiring Fund to the Fund's Class II shareholders. The
value of each Fund's shareholder account with the Acquiring Fund immediately
after the Reorganization was the same as the value of such shareholder's account
with the Fund immediately prior to the Reorganization. The Reorganization was
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
EQUITY AND INCOME PORTFOLIO TO INVESCO XXX XXXXXX V.I. EQUITY AND INCOME FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Equity
and Income Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco Xxx Xxxxxx V.I. Equity and
Income Fund, (the "Acquiring Fund"), an investment portfolio of AVIF (the
"Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the assets
of the Fund were transferred to the Acquiring Fund. The Acquiring Fund assumed
all of the
SUB-ITEM 77M
liabilities of the Fund, and AVIF issued Series II shares of the Acquiring Fund
to the Fund's Class II shareholders. The value of each Fund's shareholder
account with the Acquiring Fund immediately after the Reorganization was the
same as the value of such shareholder's account with the Fund immediately prior
to the Reorganization. The Reorganization was structured as a tax-free
transaction. No initial sales charge was imposed in connection with the
Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST GLOBAL TACTICAL ASSET ALLOCATION PORTFOLIO TO
INVESCO XXX XXXXXX V.I. GLOBAL TACTICAL ASSET ALLOCATION FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Global Tactical Asset Allocation Portfolio (the
"Fund"), shareholders approved the Agreement that provided for the combination
of the Fund with Invesco Xxx Xxxxxx V.I. Global Tactical Asset Allocation Fund,
(the "Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class I shareholders and Series II shares of the Acquiring Fund to
the Fund's Class II shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was imposed in connection with the Reorganization.
GLOBAL VALUE EQUITY PORTFOLIO TO INVESCO XXX XXXXXX V.I. GLOBAL VALUE EQUITY
FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Global
Value Equity Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco Xxx Xxxxxx V.I. Global
Value Equity Fund, (the "Acquiring Fund"), an investment portfolio of AVIF (the
"Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the assets
of the Fund were transferred to the Acquiring Fund. The Acquiring Fund assumed
all of the liabilities of the Fund, and AVIF issued Series I shares of the
Acquiring Fund to the Fund's Class I shareholders. The value of each Fund's
shareholder account with the Acquiring Fund immediately after the Reorganization
was the same as the value of such shareholder's account with the Fund
immediately prior to the Reorganization. The Reorganization was structured as a
tax-free transaction. No initial sales charge was imposed in connection with the
Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST GOVERNMENT PORTFOLIO TO INVESCO XXX XXXXXX V.I.
GOVERNMENT FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Government Portfolio (the "Fund"), shareholders
approved the Agreement that provided for the combination of the Fund with
Invesco Xxx Xxxxxx V.I. Government Fund, (the "Acquiring Fund"), an investment
portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement, on June 1,
2010, all of the assets of the Fund were transferred to the Acquiring Fund. The
Acquiring Fund assumed all of the liabilities of the Fund, and AVIF issued
Series I shares of the Acquiring Fund to the Fund's Class I shareholders and
Series II shares of the Acquiring Fund to the Fund's Class II shareholders. The
value of each Fund's shareholder account with the Acquiring Fund immediately
after the Reorganization was the same as the value of such shareholder's account
with the Fund immediately prior to the Reorganization. The Reorganization was
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST GROWTH AND INCOME PORTFOLIO TO INVESCO XXX
XXXXXX V.I. GROWTH AND INCOME FUND
SUB-ITEM 77M
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Growth and Income Portfolio (the "Fund"),
shareholders approved the Agreement that provided for the combination of the
Fund with Invesco Xxx Xxxxxx V.I. Growth and Income Fund, (the "Acquiring
Fund"), an investment portfolio of AVIF (the "Reorganization"). Pursuant to the
Agreement, on June 1, 2010, all of the assets of the Fund were transferred to
the Acquiring Fund. The Acquiring Fund assumed all of the liabilities of the
Fund, and AVIF issued Series I shares of the Acquiring Fund to the Fund's Class
I shareholders and Series II shares of the Acquiring Fund to the Fund's Class II
shareholders. The value of each Fund's shareholder account with the Acquiring
Fund immediately after the Reorganization was the same as the value of such
shareholder's account with the Fund immediately prior to the Reorganization. The
Reorganization was structured as a tax-free transaction. No initial sales charge
was imposed in connection with the Reorganization.
HIGH YIELD PORTFOLIO TO INVESCO XXX XXXXXX V.I. HIGH YIELD FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of High
Yield Portfolio (the "Fund"), shareholders approved the Agreement that provided
for the combination of the Fund with Invesco Xxx Xxxxxx V.I. High Yield Fund,
(the "Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class I shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was imposed in connection with the Reorganization.
INTERNATIONAL GROWTH EQUITY PORTFOLIO TO INVESCO XXX XXXXXX V.I. INTERNATIONAL
GROWTH EQUITY FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of
International Growth Equity Portfolio (the "Fund"), shareholders approved the
Agreement that provided for the combination of the Fund with Invesco Xxx Xxxxxx
V.I. International Growth Equity Fund, (the "Acquiring Fund"), an investment
portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement, on June 1,
2010, all of the assets of the Fund were transferred to the Acquiring Fund. The
Acquiring Fund assumed all of the liabilities of the Fund, and AVIF issued
Series II shares of the Acquiring Fund to the Fund's Class II shareholders. The
value of each Fund's shareholder account with the Acquiring Fund immediately
after the Reorganization was the same as the value of such shareholder's account
with the Fund immediately prior to the Reorganization. The Reorganization was
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
XXX XXXXXX LIFE INVESTMENT TRUST MID CAP GROWTH PORTFOLIO TO INVESCO XXX XXXXXX
V.I. MID CAP GROWTH FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Xxx
Xxxxxx Life Investment Trust Mid Cap Growth Portfolio (the "Fund"), shareholders
approved the Agreement that provided for the combination of the Fund with
Invesco Xxx Xxxxxx V.I. Mid Cap Growth Fund, (the "Acquiring Fund"), an
investment portfolio of AVIF (the "Reorganization"). Pursuant to the Agreement,
on June 1, 2010, all of the assets of the Fund were transferred to the Acquiring
Fund. The Acquiring Fund assumed all of the liabilities of the Fund, and AVIF
issued Series II shares of the Acquiring Fund to the Fund's Class II
shareholders. The value of each Fund's shareholder account with the Acquiring
Fund immediately after the Reorganization was the same as the value of such
shareholder's account with the Fund immediately prior to the Reorganization. The
Reorganization was
SUB-ITEM 77M
structured as a tax-free transaction. No initial sales charge was imposed in
connection with the Reorganization.
U.S. MID CAP VALUE PORTFOLIO TO INVESCO XXX XXXXXX V.I. MID CAP VALUE FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of U.S. Mid
Cap Value Portfolio (the "Fund"), shareholders approved the Agreement that
provided for the combination of the Fund with Invesco Xxx Xxxxxx V.I. Mid Cap
Value Fund, (the "Acquiring Fund"), an investment portfolio of AVIF (the
"Reorganization"). Pursuant to the Agreement, on June 1, 2010, all of the assets
of the Fund were transferred to the Acquiring Fund. The Acquiring Fund assumed
all of the liabilities of the Fund, and AVIF issued Series I shares of the
Acquiring Fund to the Fund's Class I shareholders and Series II shares of the
Acquiring Fund to the Fund's Class II shareholders. The value of each Fund's
shareholder account with the Acquiring Fund immediately after the Reorganization
was the same as the value of such shareholder's account with the Fund
immediately prior to the Reorganization. The Reorganization was structured as a
tax-free transaction. No initial sales charge was imposed in connection with the
Reorganization.
VALUE PORTFOLIO TO INVESCO XXX XXXXXX V.I. VALUE FUND
On December 1, 2009, the Board of Trustees of AIM Variable Insurance Funds
(Invesco Variable Insurance Funds) (formerly known as AIM Variable Insurance
Funds) ("AVIF") approved an Agreement and Plan of Reorganization (the
"Agreement"). On May 11, 2010, at a Special Meeting for shareholders of Value
Portfolio (the "Fund"), shareholders approved the Agreement that provided for
the combination of the Fund with Invesco Xxx Xxxxxx V.I. Value Fund, (the
"Acquiring Fund"), an investment portfolio of AVIF (the "Reorganization").
Pursuant to the Agreement, on June 1, 2010, all of the assets of the Fund were
transferred to the Acquiring Fund. The Acquiring Fund assumed all of the
liabilities of the Fund, and AVIF issued Series I shares of the Acquiring Fund
to the Fund's Class I shareholders. The value of each Fund's shareholder account
with the Acquiring Fund immediately after the Reorganization was the same as the
value of such shareholder's account with the Fund immediately prior to the
Reorganization. The Reorganization was structured as a tax-free transaction. No
initial sales charge was 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).
