AVZ Amvescap

The Board of Trustees for AIM Select Real Estate Income Fund (NYSE:RRE), AIM's closed-end real estate fund, has declared distributions to be paid during July 2006. A distribution of $0.1040 per share will be paid on July 28, 2006, for fund shareholders of record on July 18, 2006. Additionally, the fund is distributing $11,204,492 of long-term capital gains, approximately $0.2867 per share. The long-term capital gain will also be paid on July 28, 2006, for fund shareholders of record on July 18, 2006. Distributions from AIM Select Real Estate Income Fund are generally subject to Federal income taxes. Monthly distributions for the fund may later be recharacterized as a return of capital and/or capital gains depending on the character of the distribution reported to the fund after year-end by the real estate investment trusts (REITs) whose securities are held by the fund. About AIM Investments Houston-based AIM Investments, investment adviser to the AIM Select Real Estate Income Fund and one of the nation's leading investment management companies, 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 $137 billion in assets under management as of May 31, 2006. 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 principal adviser in the North American institutional division of AMVESCAP PLC. It is registered as an investment adviser with the SEC and is the subadviser to AIM Select Real Estate Income Fund. Dallas-based INVESCO Real Estate, the real estate division of INVESCO Institutional, commenced operations in 1983. For more information, visit www.invescorealestate.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 $415 billion in assets under management as of May 31, 2006, is listed on the London, New York and Toronto stock exchanges with the symbol "AVZ." Additional information is available at www.amvescap.com.