February 19, 2003 at 07:00 PM
Feb. 14, 2003 — AIM Funds said it plans to eliminate three bond funds and a stock fund by merging them into similar offerings.
In the reorganization:
*AIM Global Income Fund/A (AGAIX) and AIM Strategic Income Fund/A (GSIAX) will be melded into AIM Income Fund/A (AMIFX).
*AIM High Yield II Fund/A (AHAYX) will merge into AIM High Yield Fund/A (AMHYX)
*AIM New Technology Fund/A (ANTAX) will be absorbed by AIM Global Science & Technology Fund/A (GTTCX).
The funds being eliminated have fewer assets than those they are merging into, a spokesman for the fund company said, adding that the objective of the reorganization is to create funds with “better economies of scale.”
The fund company expects to complete the mergers on June 23, subject to shareholder approval.
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