(June 20 – 15:30 ET) – AIM Funds Management Inc. received approved for several motions at the AIM Annual and Special Meeting of Shareholders and Unitholders.
The merger of the AIM Global Infrastructure Class into AIM Global Telecommunications Class will take effect on June 23, and will happen on a tax-deferred basis.
AIM Pacific Growth Class is no longer restricted in its Japanese investments. Previously, the fund was prohibited from investing more that 50% of its assets in Japan. The restriction was lifted effective June 12.
AIM Cash Performance Fund will be merged into AIM Canada Money Market Fund effective June 23.
AIM received unitholder approval for the creation of a multi-series structure for all AIM funds. Introduction of the new multi-series structure will take place by the new year. In a press release AIM said, “The multi-series structure of shares and units allow for a variety of ways to deliver AIM funds into the marketplace.”
Effective June 23, the following changes will be reflected in the names of three U.S. equity funds: AIM American Premier Fund to AIM American Blue Chip Growth Fund; AIM RSP American Premier Fund to AIM RSP American Blue Chip Growth Fund; and AIM America Growth Class to AIM American Mid Cap Growth Class.
-IE Staff