Tax Guide for Van Kampen Closed-End Funds

Preparing federal and state income tax returns can be challenging, but Van Kampen helps make this process easier by providing the information you need about our investments in a clear, concise and timely manner.

This 2007 Tax Guide has been prepared using the most recent information available, and we hope you find it useful. However, this guide is not a substitute for professional advice. Please consult your tax advisor with any specific questions regarding your individual circumstances.

For More Information

IRS tax forms or related questions?

Call the IRS customer service line at (800) 829-1040
For IRS tax forms or publications, call (800) 829-3676
Visit the IRS website www.irs.ustreas.gov

Fund or account questions:

Call Van Kampen at (800) 341-2929
Send us a secure e-mail by selecting Contact Us.

Tax Forms
Here is a brief explanation of the tax forms you may receive from Van Kampen to complete your income tax return.

Form 1099-DIV—Lists the amount of taxable income or capital gains you received in 2007. A Form 1099-DIV was sent to you only if you received more than $10 in taxable distributions in 2007. Even if you didn’t receive a Form 1099-DIV, the IRS requires that you report taxable earnings on your income tax return.
Form 1099-B—If you sold any shares during 2007 through Van Kampen, you should have received this form attached to your redemption check. This form reflects your proceeds from the sale. If you sold shares through your financial advisor, you will receive Form 1099-B from that institution.
Form 1099-INT—Lists the amount of tax-exempt income you received in 2007 as well as any amount subject to federal AMT.

Taxable Distributions
If you received Form 1099-DIV, a portion of your distributions are subject to federal income taxes. These distributions are taxed as follows:

Ordinary dividends can be found in Box 1a of Form 1099-DIV. This amount represents any taxable income earned on securities held by your trust, as well as any net short-term capital gains that were distributed to shareholders. If you participated in the Dividend Reinvestment Plan and shares were purchased at a discount to the market price, this amount will also reflect the value of this discount. Ordinary dividends are taxed at your ordinary income rate. Qualified dividends found in Box 1b may be taxed at the lower rate of 15 percent.
Total capital gains distributions can be found in Box 2a of Form 1099-DIV. This amount reflects any long-term capital gains distributed by your trust. Long-term capital gains are recognized on securities held in your trust's portfolio for more than one year before being sold. These gains are generally taxed at a maximum rate of 15 percent. However, different capital gains rates may apply.

Van Kampen does not provide tax advice. The tax information contained herein is general and is not exhaustive by nature. It was not intended or written to be used, and it cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer under U.S. federal tax laws. Federal and state tax laws are complex and constantly changing. You should always consult your own legal or tax advisor for information concerning your individual situation.

		QUICK LINKS

		Tax Information Center Tax Forms Taxable Distributions Tax-Exempt Income by State and AMT % for National Trusts Closed-End Tax Questions and Answers Federal Alternative Minimum Tax (AMT) Income from U.S. Government Obligations View the pdf

Please consider the investment objectives, risks, charges and expenses of the fund(s) carefully before investing. The prospectus contains this and other information about the fund(s). To obtain a prospectus, contact your financial advisor or download and/or order. Please read the prospectus carefully before investing.

Not FDIC Insured—Offer Not Bank Guaranteed—May Lose Value
Not Insured By Any Federal Government Agency—Not A Deposit

Privacy Notice | U.S.A. Patriot Act | Business Continuity Planning