AVZ Amvescap

The Board of Trustees for AIM Select Real Estate Income Fund (NYSE:RRE) has declared its monthly dividends for the third quarter of 2005. A dividend of $0.1030 per share will be paid each month of the third quarter of 2005 as follows: For July, the dividend will be payable on July 28, 2005, for fund shareholders of record on July 19, 2005. In August, the dividend will be payable on August 30, 2005, for fund shareholders of record on August 17, 2005. In September, the dividend will be payable on September 29, 2005, for fund shareholders of record on September 19, 2005. Dividends and distributions from AIM Select Real Estate Income Fund are generally subject to Federal income taxes. In addition, monthly dividends for the fund may later be characterized as a return of capital and/or capital gains depending on the character of the dividend reported to the fund after year-end by real estate investment trusts (REITs) whose securities are held by the fund. About AIM Investments Houston-based AIM Investments represents one of the nation's leading investment management companies. It is dedicated to building solutions for its clients with exceptional products and services through multiple investment management styles and a broad range of investment portfolios -- mutual funds, retirement products, separately managed accounts for high-net-worth and institutional investors, annuities, cash management, college savings plans, and offshore products. Founded in 1976, AIM Investments had $131 billion in assets under management as of March 31, 2005. For more information, visit www.aiminvestments.com. AIM Investments is a service mark of A I M Management Group Inc. A I M Advisors, Inc., A I M Capital Management, Inc., and AIM Private Asset Management, Inc. are the investment advisors for the products and services represented by AIM Investments. A I M Distributors, Inc. is the distributor for the retail mutual funds and Fund Management Company is the distributor for the institutional money market funds represented by AIM Investments. About INVESCO Institutional INVESCO Institutional (N.A.), Inc. is the North American institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983 and, together with its affiliates, managed or provided advisory services on more than $20 billion in private real estate and publicly traded real estate securities as of March 31, 2005. For more information, visit www.institutional.invesco.com. About AMVESCAP A I M Management Group Inc. is a subsidiary of AMVESCAP PLC, a leading independent global investment manager, dedicated to helping people worldwide build their financial security. Operating under the AIM, INVESCO and Atlantic Trust brands, AMVESCAP strives to deliver outstanding products and services through a comprehensive array of retail and institutional products for clients around the world. The Company, which had approximately $375 billion in assets under management as of March 31, 2005, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.