Mutual Fund Summary Prospectus (497k)
December 06 2012 - 3:02PM
Edgar (US Regulatory)
Summary Prospectus Supplement dated December 6, 2012
The purpose of this mailing is to provide you with changes to the current Summary Prospectus
for Class A, B, C, R, Y and Investor Class shares of the Fund listed below:
Invesco Leisure Fund
Following meetings held in October and December 2012, the Board of Trustees of
Invesco Leisure
Fund
(the Target Fund), a series portfolio of
AIM Sector Funds (Invesco Sector Funds)
, has
unanimously approved an Agreement and Plan of Reorganization (the Agreement) pursuant to which
the Target Fund would transfer all of its assets and liabilities to
Invesco American Franchise Fund
(formerly known as Invesco Van Kampen American Franchise Fund) (the Acquiring Fund), a series
portfolio of
AIM Counselor Series Trust (Invesco Counselor Series Trust)
, in exchange for shares of
the Acquiring Fund that would be distributed to Target Fund shareholders.
The Agreement requires approval by the Target Fund shareholders and will be submitted to the
shareholders for their consideration at a meeting to be held in or around April 2013. If the
Agreement is approved by shareholders of the Target Fund and certain conditions required by the
Agreement are satisfied, the reorganization is expected to be consummated shortly thereafter. Upon
closing of the reorganization, shareholders of the Target Fund will receive a corresponding class
of shares of the Acquiring Fund in exchange for their shares of the Target Fund and the Target Fund
will liquidate and cease operations.
A combined Proxy Statement/Prospectus will be sent to shareholders of the Target Fund to seek their
approval of the Agreement, which will include a full discussion of the reorganization and the
factors the Board of Trustees considered in approving the Agreement.
If shareholders approve the reorganization, it is anticipated that the Target Fund will close to
new investors as soon as practicable following shareholder approval through the consummation of the
reorganization to facilitate a smooth transition of the Target Fund shareholders to the Acquiring
Fund. The Acquiring Fund will remain open for purchase during this period.
All investors who are invested in the Target Fund as of the date on which the Target Fund closed to
new investors and remain invested in the Target Fund may continue to make additional investments in
their existing accounts and may open new accounts in their name.