Invesco Quality Municipal Securities (NYSE:IQM)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Invesco Quality Municipal Securities Charts. Click Here for more Invesco Quality Municipal Securities Charts.](/p.php?pid=staticchart&s=NY%5EIQM&p=8&t=15)
The Morgan Stanley Municipal Closed-End Funds (the “Funds”)
listed below hereby announce the dates for the partial redemptions of
their respective auction rate preferred shares (ARPS). The announced
partial redemptions total $176.35 million and represent approximately
18.2 percent of the total outstanding ARPS issued by the Funds.
This redemption announcement follows the April 24, 2008 press release in
which Morgan Stanley provided initial information regarding the
refinancing of a portion of the Funds’ ARPS
with the use of tender option bonds (TOBs).
The amount of ARPS being redeemed at this time varies by Fund and ranges
between 3 percent to 26 percent of the ARPS outstanding for each Fund
based on a number of factors, including the interests of the common
shareholders, the availability of high quality municipal bonds at
certain yield levels to be transferred to the trust structure and the
ability to secure liquidity providers for the put feature.
With respect to this partial redemption, The Depository Trust Company
(DTC), the securities’ holder of record, will
determine how the partial series redemptions will be allocated among
each participant broker-dealer account. Each participant broker-dealer,
as nominee for underlying beneficial owners (street name shareholders),
in turn will determine how redeemed shares are to be allocated among its
underlying beneficial owners. The procedures used by various
broker-dealers to allocate redeemed shares among beneficial owners may
differ from each other as well as from the procedures used by DTC.
Redemption Schedule
MS California Insured Municipal Income Trust (NYSE:IIC)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-601
8
$400,000
July 28, 2008
2
617-45P-700
16
$800,000
July 28, 2008
3
617-45P-809
20
$1,000,000
July 28, 2008
4
617-45P-882
8
$400,000
July 28, 2008
MS California Quality Municipal Securities (NYSE:IQC)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-627
24
$1,200,000
July 29, 2008
2
617-45P-619
22
$1,100,000
July 31, 2008
3
617-45P-593
54
$2,700,000
July 29, 2008
MS Insured Municipal Bond Trust (NYSE:IMC)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
617-45P-353
90
$4,500,000
July 31, 2008
MS Insured Municipal Income Trust (NYSE:IIM)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-783
104
$5,200,000
July 28, 2008
2
617-45P-775
234
$11,700,000
July 28, 2008
3
617-45P-767
260
$13,000,000
July 28, 2008
4
617-45P-759
104
$5,200,000
July 28, 2008
5
617-45P-742
104
$5,200,000
July 28, 2008
MS Insured Municipal Trust (NYSE:IMT)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
TU
617-45P-841
144
$7,200,000
July 30, 2008
TH
617-45P-858
324
$16,200,000
August 1, 2008
MS Municipal Premium Income Trust (NYSE:PIA)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
A
617-45P-411
34
$3,400,000
July 30, 2008
B
617-45P-395
34
$3,400,000
July 30, 2008
C
617-45P-387
34
$3,400,000
July 30, 2008
D
617-45P-379
34
$3,400,000
July 30, 2008
E
617-45P-361
34
$3,400,000
July 30, 2008
MS New York Quality Municipal Securities (NYSE:IQN)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-510
8
$400,000
July 29, 2008
2
617-45P-494
7
$350,000
August 1, 2008
MS Quality Municipal Income Trust (NYSE:IQI)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-726
246
$12,300,000
July 30, 2008
2
617-45P-718
88
$4,400,000
July 31, 2008
3
617-45P-692
246
$12,300,000
July 31, 2008
4
617-45P-684
246
$12,300,000
July 31, 2008
5
617-45P-676
88
$4,400,000
August 1, 2008
MS Quality Municipal Investment Trust (NYSE:IQT)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
A
617-45P-650
210
$10,500,000
July 30, 2008
B
617-45P-643
105
$5,250,000
August 1, 2008
MS Quality Municipal Securities (NYSE:IQM)
Series
CUSIP Number
# of Shares
Redeemed
Amount
Redeemed
Redemption
Date
1
617-45P-577
75
$3,750,000
July 29, 2008
2
617-45P-569
66
$3,300,000
July 30, 2008
3
617-45P-551
66
$3,300,000
July 31, 2008
4
617-45P-544
132
$6,600,000
July 29, 2008
5
617-45P-536
88
$4,400,000
July 29, 2008
Morgan Stanley Investment Management, together with its investment
advisory affiliates, has nearly 1,000 investment professionals around
the world and approximately $605 billion in assets under management or
supervision as of May 31, 2008. By leveraging its global ‘community
of boutiques’ structure and the strength of
Morgan Stanley, MSIM strives to provide outstanding long-term investment
performance, service and a comprehensive suite of investment management
solutions to a diverse client base, which includes governments,
institutions, corporations and individuals worldwide.
Morgan Stanley is a leading global financial services firm providing a
wide range of investment banking, securities, investment management and
wealth management services. The Firm's employees serve clients worldwide
including corporations, governments, institutions and individuals from
more than 600 offices in 33 countries. For further information about
Morgan Stanley, please visit www.morganstanley.com.