Van Kampen Trust for Investment Grade New York Municipals Announces Completion of Reorganization with Van Kampen New York Value
October 31 2005 - 3:29PM
Business Wire
Van Kampen Asset Management announced today that the proposed
reorganization of Van Kampen New York Value Municipal Income Trust
(NYSE/CHX: VNV) into Van Kampen Trust for Investment Grade New York
Municipals (NYSE/CHX: VTN) has been completed. In the
reorganization, shareholders of VNV received newly issued shares of
VTN. The conversion exchange rate (the rate by which one multiplies
the amount of VNV common shares to determine the number of VTN
common shares issued as part of the reorganization) was 0.936312,
and the exchange ratio between preferred shares of VNV and
preferred shares of VTN was one VNV preferred share into one VTN
preferred share. 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. There is no
assurance that the Fund will achieve its investment objective. An
investment in the Fund should be made with an understanding of the
risks of investment primarily in debt securities. The Fund is
subject to the market risks, credit risks, and income risks which
generally are affected by changes in interest rates and credit
qualities. Accordingly, you can lose money investing in the Fund.
The Fund may invest in derivative instruments, which may magnify
volatility. Copyright (C)2005 Van Kampen Funds Inc. All rights
reserved. Member NASD/SIPC.
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