Van Kampen Municipal Closed-end Funds Announce At Par Redemptions of Preferred Shares

CHICAGO (June 13, 2008) – The Van Kampen Municipal Closed-End Funds (“Funds”) listed below hereby announce the dates for the partial redemptions of their respective preferred shares. The announced partial redemptions total $506.5 million of the total outstanding preferred shares issued by the Funds.

This redemption announcement follows the May 9, 2008 press release in which Van Kampen provided initial information regarding refinancing a portion of the Funds’ preferred shares with the use of tender option bonds (TOBs). In light of the continued failed auctions, each Fund’s Board of Trustees approved the use of TOBs as a replacement source of leverage.

The amount of preferred shares being redeemed at this time varies by Fund and ranges from 10 percent to 20 percent of the preferred shares outstanding for each Fund based on a number of factors, including the interests of the common shareholders, the availability of high quality municipal bonds at certain yield levels to be transferred to the trust structure and the ability to secure liquidity providers for the put feature.

With respect to this partial redemption, The Depository Trust Company (DTC), the securities’ holder of record, will determine how the partial series redemptions will be allocated among each participant broker-dealer account. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

Redemption Schedule

Van Kampen Advantage Municipal
Income Trust II (NYSE:VKI)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

921-12K-206

320

$8,000,000

July 3, 2008

B

921-12K-305

320

$8,000,000

July 7, 2008

C

921-12K-404

320

$8,000,000

July 3, 2008

D

921-12K-503

320

$8,000,000

July 2, 2008

E

921-12K-602

280

$7,000,000

July 7, 2008

F

921-12K-701

400

$10,000,000

July 1, 2008

G

921-12K-800

400

$10,000,000

June 30, 2008

H

921-12K-883

400

$10,000,000

July 22, 2008

I

921-12K-875

400

$10,000,000

July 7, 2008

J

921-12K-867

200

$5,000,000

July 8, 2008

Van Kampen California Value
Municipal
Income Trust (NYSE:VCV)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

921-12B-206

480

$12,000,000

July 1, 2008

B

921-12B-305

600

$15,000,000

June 30, 2008

C

921-12B-404

360

$9,000,000

July 22, 2008

D

921-12B-503

160

$4,000,000

July 14, 2008

Van Kampen Massachusetts Value
Municipal
Income Trust (NYSE:VMV)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

F7

921-12R-201

100

$2,500,000

July 2, 2008

Van Kampen Municipal Opportunity
Trust (NYSE:VMO)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-935-202

600

$15,000,000

July 21, 2008

B

920-935-301

600

$15,000,000

July 16, 2008

C

920-935-400

400

$10,000,000

July 30, 2008

D

920-935-509

400

$10,000,000

July 16, 2008

E

920-935-608

400

$10,000,000

July 25, 2008

F

920-935-707

320

$8,000,000

July 30, 2008

Van Kampen Municipal
Trust (NYSE:VKQ)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-919-206

600

$15,000,000

July 3, 2008

B

920-919-305

600

$15,000,000

July 7, 2008

C

920-919-404

600

$15,000,000

July 1, 2008

D

920-919-503

600

$15,000,000

July 1, 2008

E

920-919-602

200

$5,000,000

June 30, 2008

Van Kampen Ohio Quality Municipal
Trust (NYSE:VOQ)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-923-208

280

$7,000,000

July 16, 2008

B

920-923-307

120

$3,000,000

July 2, 2008

Van Kampen Pennsylvania Value
Municipal
Income Trust (NYSE:VPV)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

921-12T-207

360

$9,000,000

July 1, 2008

B

921-12T-306

320

$8,000,000

July 9, 2008

C

921-12T-405

520

$13,000,000

July 1, 2008

D

921-12T-504

560

$14,000,000

July 18, 2008

Van Kampen Select Sector
Municipal
Trust (NYSE:VKL)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

921-12M-202

136

$3,400,000

July 3, 2008

B

921-12M-301

136

$3,400,000

July 11, 2008

C

921-12M-400

400

$10,000,000

July 23, 2008

D

921-12M-509

360

$9,000,000

July 24, 2008

Van Kampen Trust for Insured
Municipals (NYSE:VIM)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-928-207

360

$9,000,000

July 9, 2008

B

920-928-306

360

$9,000,000

July 8, 2008

Van Kampen Trust for Investment
Grade Municipals (NYSE:VGM)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-929-205

600

$15,000,000

July 2, 2008

B

920-929-304

600

$15,000,000

July 10, 2008

C

920-929-403

600

$15,000,000

July 15, 2008

D

920-929-502

320

$8,000,000

July 21, 2008

E

920-929-601

440

$11,000,000

July 2, 2008

F

920-929-700

440

$11,000,000

July 10, 2008

G

920-929-809

440

$11,000,000

July 17, 2008

H

920-929-882

448

$11,000,000

July 15, 2008

I

920-929-874

400

$10,000,000

July 8, 2008

Van Kampen Trust for Investment
Grade New Jersey Municipals
(NYSE:VTJ)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

T7

920-933-207

520

$13,000,000

July 2, 2008

Van Kampen Trust for Investment
Grade New York Municipals
(NYSE:VTN)

 

Series

CUSIP Number

# of Shares Redeemed

Amount Redeemed

Redemption Date

A

920-931-201

480

$12,000,000

July 1, 2008

B

920-931-300

360

$9,000,000

July 3, 2008

C

920-931-409

320

$8,000,000

July 1, 2008

Van Kampen Asset Management, the Funds' investment adviser, is a wholly owned subsidiary of Van Kampen Investments Inc. (“Van Kampen”). Van Kampen is one of the nation’s largest investment management companies, with approximately $107 billion in assets under management or supervision, as of February 29, 2008. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals.

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