AIM Investments(R) Announces Shareholder Approval for Reorganization of AIM Select Real Estate Income Fund

  
    
  
  
    
      AIM Investments announced today that the proposed reorganization of AIM 
      Select Real Estate Income Fund as an open-end fund has been approved by 
      shareholders of the fund.
    
    
      The reorganization, which is expected to be a tax-free reorganization, 
      will become effective at the open of business on March 12, 2007 (the “Closing 
      Date”). As set forth in the Agreement and Plan 
      of Reorganization, shareholders of the closed-end fund will receive 
      Class A shares of the open-end fund. For the twelve months after the 
      Closing Date, shareholders who redeem Class A shares of the open-end 
      fund received in connection with the reorganization will pay a 2.00% 
      redemption fee.
    
    
      To facilitate the transition from a closed-end fund (NYSE:RRE) to an 
      open-end fund, trading will be halted in the fund after market close on 
      March 6, 2007. The fund will withdraw its shares from listing on the New 
      York Stock Exchange after the Closing Date.
    
    
      About AIM Investments
    
    
      AIM Investments is dedicated to building solutions for its clients with 
      exceptional products and services through multiple investment management 
      styles and a broad range of investment portfolios – 
      mutual funds, exchange-traded funds, retirement products, separately 
      managed accounts for high-net-worth and institutional investors, 
      annuities, cash management, college savings plans and offshore products. 
      For more information, visit www.aiminvestments.com. 
      AIM Investments had approximately $153 billion in assets under 
      management as of Jan. 31, 2007. AIM Investments is a service mark of A I 
      M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, 
      Inc., and AIM Private Asset Management, Inc. are the investment advisors 
      for the products and services represented by AIM Investments. A I M 
      Advisors, Inc. is the investment advisor for AIM Select Real Estate 
      Income Fund. A I M Distributors, Inc. is the distributor for the retail 
      mutual funds and Fund Management Company is the distributor for the 
      institutional money market funds represented by AIM Investments.
    
    
      About AMVESCAP
    
    
      AMVESCAP is a leading independent global investment manager, dedicated 
      to helping people worldwide build their financial security. Operating 
      under the AIM, AIM Trimark, Atlantic Trust, INVESCO, Invesco Perpetual, 
      PowerShares and WL Ross & Co. brands, AMVESCAP strives to deliver 
      outstanding products and services through a comprehensive array of 
      enduring investment solutions for our retail, institutional and private 
      wealth management clients around the world. The company, which had 
      approximately $469 billion in assets under management as of Jan. 31, 
      2007, is listed on the London, New York and Toronto stock exchanges with 
      the symbol “AVZ.” 
      Additional information is available at www.amvescap.com.
    
    
      About INVESCO Institutional
    
    
      INVESCO Institutional (N.A.), Inc. is the principal adviser in the North 
      American institutional division of AMVESCAP PLC. It is registered as an 
      investment adviser with the SEC and is the subadviser to AIM Select Real 
      Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate 
      division of INVESCO Institutional, commenced operations in 1983. For 
      more information, visit www.invescorealestate.com.