SUB-ITEM 77M
MERGERS
INVESCO MUNICIPAL PREMIUM INCOME TRUST TO INVESCO XXX XXXXXX MUNICIPAL
OPPORTUNITY TRUST
On July 2, 2012, the Board of Trustees of Invesco Municipal Premium Income
Trust (the "Target Fund") approved an Agreement and Plan of Merger (the
"Agreement"). On August 14, 2012, at a Joint Annual Meeting for shareholders of
common shares of beneficial interest of Invesco Municipal Premium Income Trust,
shareholders approved the Agreement that provided for the merger of the Target
Fund with and into Invesco Xxx Xxxxxx Municipal Opportunity Trust (the
"Acquiring Fund") (the "Merger") pursuant to the Delaware Statutory Trust Act.
Pursuant to the Agreement, on August 27, 2012, the Acquiring Fund issued new
Common Shares. Common Shares of the Target Fund were exchanged for newly issued
Acquiring Fund Common Shares of equal aggregate net asset value. The Acquiring
Fund assumed all of the liabilities of the Target Fund. Common Shares of the
Acquiring Fund owned after the merger will have an aggregate net asset value
equal to the net asset value of the Target Fund Common Shares held immediately
before the Merger. Shareholders of the Target Fund and Acquiring Fund will
recognize no gain or loss for federal income tax purposes upon the exchange of
all shares of the Target Fund for shares in the Acquiring Fund.
INVESCO XXX XXXXXX SELECT SECTOR MUNICIPAL TRUST TO INVESCO XXX XXXXXX
MUNICIPAL OPPORTUNITY TRUST
On July 2, 2012, the Board of Trustees of Invesco Xxx Xxxxxx Municipal
Select Sector Municipal Trust (the "Target Fund") approved an Agreement and
Plan of Merger (the "Agreement"). On August 14, 2012, at a Joint Annual Meeting
for shareholders of common shares of beneficial interest of Invesco Xxx Xxxxxx
Select Sector Municipal Trust, shareholders approved the Agreement that
provided for the merger of the Target Fund with and into Invesco Xxx Xxxxxx
Municipal Opportunity Trust (the "Acquiring Fund") (the "Merger") pursuant to
the Delaware Statutory Trust Act. Pursuant to the Agreement, on August 27,
2012, the Acquiring Fund issued new Common Shares. Common Shares of the Target
Fund were exchanged for newly issued Acquiring Fund Common Shares of equal
aggregate net asset value. The Acquiring Fund assumed all of the liabilities of
the Target Fund. Common Shares of the Acquiring Fund owned after the merger
will have an aggregate net asset value equal to the net asset value of the
Target Fund Common Shares held immediately before the Merger. Shareholders of
the Target Fund and Acquiring Fund will recognize no gain or loss for federal
income tax purposes upon the exchange of all shares of the Target Fund for
shares in the Acquiring Fund.
INVESCO XXX XXXXXX TRUST FOR VALUE MUNICIPALS TO INVESCO XXX XXXXXX MUNICIPAL
OPPORTUNITIES TRUST
On July 2, 2012, the Board of Trustees of Invesco Xxx Xxxxxx Trust for Value
Municipals (the "Target Fund") approved an Agreement and Plan of Merger (the
"Agreement"). On August 14, 2012, at a Joint Annual Meeting for shareholders of
common shares of beneficial interest of Invesco Xxx Xxxxxx Trust for Value
Municipals, shareholders approved the Agreement that provided for the merger of
the Target Fund with and into Invesco Xxx Xxxxxx Municipal Opportunities Trust
(the "Acquiring Fund") (the "Merger") pursuant to the Delaware Statutory Trust
Act. Pursuant to the Agreement, on August 27,
2012, the Acquiring Fund issued new Common Shares. Common Shares of the Target
Fund were exchanged for newly issued Acquiring Fund Common Shares of equal
aggregate net asset value. The Acquiring Fund assumed all of the liabilities of
the Target Fund. Common Shares of the Acquiring Fund owned after the merger
will have an aggregate net asset value equal to the net asset value of the
Target Fund Common Shares held immediately before the Merger. Shareholders of
the Target Fund and Acquiring Fund will recognize no gain or loss for federal
income tax purposes upon the exchange of all shares of the Target Fund for
shares in the Acquiring Fund.
FOR A MORE DETAILED DISCUSSION ON THE MERGER, PLEASE SEE THE AGREEMENT AND PLAN
OF MERGER FILED HEREIN UNDER ITEM 77Q1(g).