AIM Select Real Estate Income Fund Board of Trustees Declares Distribution for November

  
    
  
  
    
      The Board of Trustees for AIM Select Real Estate Income Fund (NYSE:RRE), 
      AIM’s closed-end real estate fund, has 
      declared a distribution to be paid during November.
    
    
      A distribution of $0.1040 per share will be paid on Nov. 29, 2006, for 
      shareholders of record on Nov. 17, 2006. The distribution consists of 
      approximately $0.0280 of net investment income and approximately $0.0760 
      of short term capital gain.
    
    
      Monthly distributions from the Fund may later be recharacterized 
      depending on how the character of portfolio distributions received by 
      the Fund from real estate investment trusts (REITS) is reported by REITs 
      after the end of the calendar year. The Fund’s 
      2006 annual report to shareholders will include information regarding 
      the actual components and tax treatment of all Fund distributions for 
      the calendar year 2006. Because each shareholder’s 
      tax status is unique, shareholders should consult their tax advisor 
      regarding this distribution notice.
    
    
      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 $146 billion in assets under 
      management as of Sept. 30, 2006. 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 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 $441 billion in assets under management 
      as of Sept. 30, 2006, is listed on the London, New York and Toronto 
      stock exchanges with the symbol “AVZ.” 
      Additional information is available at www.amvescap.com.
    
  
The Board of Trustees for AIM Select Real Estate Income Fund
(NYSE:RRE), AIM's closed-end real estate fund, has declared a
distribution to be paid during November.

   A distribution of $0.1040 per share will be paid on Nov. 29, 2006,
for shareholders of record on Nov. 17, 2006. The distribution consists
of approximately $0.0280 of net investment income and approximately
$0.0760 of short term capital gain.

   Monthly distributions from the Fund may later be recharacterized
depending on how the character of portfolio distributions received by
the Fund from real estate investment trusts (REITS) is reported by
REITs after the end of the calendar year. The Fund's 2006 annual
report to shareholders will include information regarding the actual
components and tax treatment of all Fund distributions for the
calendar year 2006. Because each shareholder's tax status is unique,
shareholders should consult their tax advisor regarding this
distribution notice.

   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 $146 billion in assets under management as of Sept. 30,
2006. 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 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 $441 billion in assets under
management as of Sept. 30, 2006, is listed on the London, New York and
Toronto stock exchanges with the symbol "AVZ." Additional information
is available at www.amvescap.com.