AIM Select Real Estate Income Fund Board of Trustees Declares Dividends for 2Q of 2006

The Board of Trustees for AIM Select Real Estate Income
Fund (NYSE:RRE), AIM's closed-end real estate fund, has declared its
monthly dividends for the second quarter of 2006.
   A dividend of $0.1040 per share will be paid each month of the
second quarter of 2006 as follows: For April, the dividend will be
payable on April 28, 2006, for fund shareholders of record on April
18, 2006. In May, the dividend will be payable on May 30, 2006, for
fund shareholders of record on May 19, 2006. In June, the dividend
will be payable on June 26, 2006, for fund shareholders of record on
June 16, 2006.
   Dividends and distributions from AIM Select Real Estate Income
Fund are generally subject to Federal income taxes. In addition,
monthly dividends for the fund may later be characterized as a return
of capital and/or capital gains depending on the character of the
dividend reported to the fund after year-end by real estate investment
trusts (REITs) whose securities are held by the fund.

   About AIM Investments

   Houston-based AIM Investments represents one of the nation's
leading investment management companies. It 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, retirement products, separately
managed accounts for high-net-worth and institutional investors,
annuities, cash management, college savings plans, and offshore
products. Founded in 1976, AIM Investments had $128 billion in assets
under management as of Dec. 31, 2005. For more information, visit
www.aiminvestments.com. 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 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 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.

   About AMVESCAP

   A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a
leading independent global investment manager, dedicated to helping
people worldwide build their financial security. Operating under the
AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver
outstanding products and services through a comprehensive array of
retail and institutional products for clients around the world. The
Company, which had approximately $404 billion in assets under
management as of Feb. 28, 2006, is listed on the London, New York and
Toronto stock exchanges with the symbol "AVZ." Additional information
is available at www.amvescap.com.