6.1.2009 The SEC announced the Fair Fund distribution of more than $78 million to more than 590,000 investors who were affected by undisclosed market timing in certain AIM mutual funds. The Fair Fund distribution stems from a prior SEC enforcement action against AIM Advisors, Inc., which advised the funds, and AIM Distributors, Inc. (ADI), which distributed the funds. In addition, this distribution includes money from two other Fair Funds, which are related to separate unlawful market timing enforcement actions that affected AIM investors.

Specifically, the AIM Fair Fund includes $50 million in disgorgement and penalties collected from AIM Advisors and ADI after the SEC brought settled administrative and cease-and-desist proceedings against them in 2004, as well as accrued interest. This distribution also includes approximately $11 million in disgorgement, penalties and accumulated interest from the Banc of America Capital Management LLC, BACAP Distributors LLC, and Banc of America Securities LLC Fair Fund; and approximately $12.4 million in disgorgement, penalties and accumulated interest from the Bear, Stearns & Co., Inc. and Bear, Stearns Securities Corp. Fair Fund.

Click http://www.sec.gov/news/press/2009/2009-124.htm to access the SEC’s press release.