Van Kampen Senior Income Trust Announces At Par Redemption of Auction-Rate
Preferred Securities
April 25, 2008
CHICAGO, April 25, 2008 – Van Kampen Senior Income Trust (NYSE: VVR) has announced its intention to
redeem a portion of its auction-rate preferred securities (ARPS). The Board of Trustees has approved refinancing
the Trust’s leverage through its existing credit line, which will provide liquidity at par for the holders of a portion
of the Trust’s ARPS.
The Trust will be redeeming at par $350 million of the $700 million ARPS outstanding on a pro rata basis by
series. The table below lists the total number and par amount of ARPS to be redeemed per series and the
scheduled redemption dates:
|
Series
 |
Cusip # |
Total Shares Redeemed |
Total Amount Redeemed |
Redemption Date |
|
F |
920961604 |
2,800 |
$70,000,000 |
May 19, 2008 |
|
M |
920961208 |
2,800 |
$70,000,000 |
May 20, 2008 |
|
T |
920961307 |
2,800 |
$70,000,000 |
May 21, 2008 |
|
W |
920961406 |
2,800 |
$70,000,000 |
May 22, 2008 |
|
TH |
920961505 |
2,800 |
$70,000,000 |
May 23, 2008 |
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.
Van Kampen Asset Management, the Trust's 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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