Van Kampen New York Value Municipal Income Trust and Van Kampen Trust for Investment Grade New York Municipals Announce Approval
October 21 2005 - 5:57PM
Business Wire
Van Kampen Asset Management announced today that the shareholders
of Van Kampen New York Value Municipal Income Trust (NYSE/CHX: VNV)
approved the reorganization of VNV into Van Kampen Trust for
Investment Grade New York Municipals (NYSE/CHX: VTN) at a special
meeting of shareholders held on October 21, 2005. In the
reorganization, shareholders of VNV will receive newly issued
shares of VTN. The transaction is currently expected to close on or
about October 28, 2005, subject to the satisfaction of certain
conditions. Van Kampen Asset Management is a subsidiary of Van
Kampen Investments Inc. ("Van Kampen"). Van Kampen is one of the
nation's largest investment management companies, with more than
$104 billion in assets under management or supervision, as of
September 30, 2005. With roots in money management dating back to
1927, Van Kampen has helped more than four generations of investors
work toward their financial goals. Van Kampen is a wholly owned
subsidiary of Morgan Stanley (NYSE: MWD). For more information,
visit Van Kampen's web site at www.vankampen.com. The foregoing
does not constitute an offer of any securities for sale. The joint
proxy statement/prospectus relating to the proposed reorganization
contains important information and shareholders are urged to read
it. Free copies of the joint proxy statement/prospectus are
available by calling Van Kampen's Client Relations Department at
(800) 341-2929 or on the SEC's web site at www.sec.gov.
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