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Wednesday, April 12, 2006|
AIM Secures Shareholder Nod For Fund Conversion
AIM Investments said Tuesday its proposal to transform its AIM Floating Rate Fund from a closed-end interval fund into an open-end fund has been given the go-ahead by shareholders.
AIM, based out of Houston, shuttered the fund to most new investors at the close of business on April 11. The firm expects the conversion to be completed by April 13.
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