Invesco and Invesco Van Kampen Closed-End Funds Announce $419.3 Million Placement of Private Offerings of Variable Rate Muni ...

ATLANTA, May 15, 2012 /PRNewswire/ --  Invesco Advisers, Inc. ("Invesco") announced today that each of the Invesco and Invesco Van Kampen closed-end funds listed below (the "Funds") has successfully priced and placed a private offering of Variable Rate Muni Term Preferred Shares ("VMTP") pursuant to an offering exempt from registration under the Securities Act of 1933.  The Funds have issued VMTP as follows:

Fund	NYSE Ticker	VMTP Amount
Invesco California Municipal Income Trust	IIC	$41,400,000
Invesco California Quality Municipal Securities	IQC	$30,900,000
Invesco Van Kampen Advantage Municipal Income Trust II	VKI	$231,000,000
Invesco Van Kampen California Value Municipal Income Trust	VCV	$116,000,000

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Each Fund plans to redeem all of its outstanding auction rate preferred shares ("ARPS") at their respective liquidation preferences (sometimes referred to as "at par"), together with accrued and unpaid dividends, if any, to the redemption date.  These redemptions are anticipated to be funded with cash and proceeds received from the issuance of VMTP. 

ARPS Redemption Schedule

Invesco California Municipal Income Trust (NYSE: IIC)

Series	CUSIP Number	# of Shares Redeemed	Amount Redeemed	Redemption Date
1	461-30L-208	128	$6,400,000	June 18, 2012
2	461-30L-307	254	$12,700,000	June 18, 2012
3	461-30L-406	318	$15,900,000	June 18, 2012
4	461-30L-505	128	$6,400,000	June 18, 2012

Invesco California Quality Municipal Securities (NYSE: IQC)

Series	CUSIP Number	# of Shares Redeemed	Amount Redeemed	Redemption Date
1	461-30M-206	146	$7,300,000	June 19, 2012
2	461-30M-305	135	$6,750,000	June 21, 2012
3	461-30M-404	337	$16,850,000	June 19, 2012

Invesco Van Kampen Advantage Municipal Income Trust II (NYSE: VKI)

Series	CUSIP Number	# of Shares Redeemed	Amount Redeemed	Redemption Date
A	461-32E-202	880	$22,000,000	May 24, 2012
B	461-32E-301	880	$22,000,000	May 25, 2012
C	461-32E-400	880	$22,000,000	May 24, 2012
D	461-32E-509	880	$22,000,000	May 24, 2012
E	461-32E-608	770	$19,250,000	May 25, 2012
F	461-32E-707	1100	$27,500,000	May 23, 2012
G	461-32E-806	1100	$27,500,000	May 25, 2012
H	461-32E-863	1100	$27,500,000	May 22, 2012
I	461-32E-871	1100	$27,500,000	June 4, 2012
J	461-32E-889	550	$13,750,000	May 22, 2012

Invesco Van Kampen California Value Municipal Income Trust (NYSE: VCV)

Series	CUSIP Number	# of Shares Redeemed	Amount Redeemed	Redemption Date
A	461-32H-205	1392	$34,800,000	May 22, 2012
B	461-32H-304	1740	$43,500,000	May 25, 2012
C	461-32H-403	1044	$26,100,000	May 22, 2012
D	461-32H-502	464	$11,600,000	June 11, 2012

Invesco will keep market participants and shareholders informed of any material developments with the Funds via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.

This information does not constitute an offer for sale of any securities or a solicitation of any proxy.

For more information, call 1-800-341-2929.

About Invesco Ltd.

Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.

Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries of Invesco Ltd.

Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.

SOURCE Invesco

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