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Van Kampen Trust for Investment Grade Municipals Announces
Completion of Reorganization with Van Kampen Municipal Income
Trust
October 10, 2005
Van Kampen Asset Management announced today that the proposed reorganization of Van Kampen Municipal Income Trust (NYSE/CHX: VMT) into Van Kampen Trust for Investment Grade Municipals (NYSE/CHX: VGM) has been completed. In the reorganization, shareholders of VMT received newly issued shares of VGM. The conversion exchange rate (the rate by which one multiplies the amount of VMT common shares to determine the number of VGM common shares issued as part of the reorganization) was 0.585182, and the exchange ratio between preferred shares of VMT and preferred shares of VGM was one VMT preferred share into twenty VGM preferred shares.
Van Kampen Asset Management is a subsidiary of Van Kampen Investments Inc. (“Van Kampen”). Van Kampen is one of the nation’s largest investment management companies, with more than $104 billion in assets under management or supervision, as of September 30, 2005. With roots in money management dating back to 1927, Van Kampen has helped more than four generations of investors work toward their financial goals. Van Kampen is a wholly owned subsidiary of Morgan Stanley (NYSE: MWD).
There is no assurance that the Fund will achieve
its investment objective. An investment in the Fund should be made with
an understanding of the risks of investment primarily in debt
securities. The Fund is subject to the market risks, credit risks, and
income risks which generally are affected by changes in interest rates
and credit qualities. Accordingly, you can lose money investing in the
Fund. The Fund may invest in derivative instruments, which may magnify
volatility.
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