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Invesco High Yield Investments Fund Sets Record and Meeting Date for 2010 Annual Meeting of Stockholders

^{Published on 2010-06-25 13:11:16 - Market Wire}
 

HOUSTON--([ BUSINESS WIRE ])--The Invesco High Yield Investments Fund, Inc. (formerly Morgan Stanley High Yield Fund, Inc.) (the Fund) (NYSE: MSY) has set Friday, August 6, 2010 as the record date for determination of the stockholders entitled to vote at the Funda™s annual meeting of stockholders, to be held on Thursday, October 7, 2010. The matters to be considered at the annual meeting are the election of Class I directors and the approval of new investment advisory and sub-advisory agreements for the Fund with Invesco Advisers, Inc. and certain of its affiliates.

In 2009, Morgan Stanley entered into a definitive agreement to sell substantially all of its retail asset management business to Invesco Ltd., a leading global investment management company (the aTransactiona). The Funda™s stockholders were solicited for the approval of a new Board of Directors (aBoarda) for the Fund and a new investment advisory agreement and master investment sub-advisory agreement for the Fund with Invesco Advisers, Inc. and certain of its affiliates. The Transaction was consummated on June 1, 2010.

At a Special Meeting of Stockholders of the Fund held April 16, 2010, as adjourned, stockholders voted to approve each of the nominees for the new Board. As of the final adjournment on June 17, 2010 of the Special Meeting of Stockholders, the proposals to approve the new investment advisory agreement and master sub-advisory agreement for the Fund each received a majority of the votes cast in person or by proxy at the meeting but did not receive a sufficient number of favorable votes to meet applicable legal requirements for approval.

The Board has directed that proxies be resolicited for approval of the new investment advisory agreement and master sub-advisory agreement for the Fund with Invesco Advisers, Inc. and various affiliated sub-advisers, along with the election of Class I directors at the Funda™s 2010 Annual Meeting. In the meantime, Invesco Advisers, Inc. and its affiliates continue to serve as interim investment adviser and interim sub-advisers to the Fund pursuant to interim advisory and sub-advisory agreements between the Fund, Invesco Advisers, Inc., and certain of its affiliates (the aInterim Agreementsa), which took effect on June 1, 2010 upon consummation of the Transaction and will remain in effect until the new investment advisory agreement and new master sub-advisory agreement are approved and become effective, or until October 29, 2010, whichever is earlier.

About Invesco

Invesco is a leading independent global investment manager, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our retail, institutional and high net worth clients around the world. Operating in 20 countries, the company is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at [ www.invesco.com ].

Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.a™s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both are wholly owned, indirect subsidiaries of Invesco Ltd.

This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state. This press release does not constitute a solicitation of proxies.

a"Invescoa"