SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A)
OF THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. _____)
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[ ] Preliminary Proxy Statement
[ ] Confidential, for Use of the Commission Only (as permitted by Rule
14a-6(e)(2))
[X] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Pursuant to Section 240.14a-11(c) or Section 240.14a-12
COLONIAL CALIFORNIA INSURED MUNICIPAL FUND
COLONIAL HIGH INCOME MUNICIPAL TRUST
COLONIAL INSURED MUNICIPAL FUND
COLONIAL INTERMEDIATE HIGH INCOME FUND
COLONIAL INTERMARKET INCOME TRUST I
COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
COLONIAL MUNICIPAL INCOME TRUST
__________________________________________________
(Name of Registrant as Specified in its Charter)
Payment of Filing Fee (Check the appropriate box):
[X] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
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(2) Aggregate number of securities to which transaction applies:
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(3) Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the
filing fee is calculated and state how it was determined):
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[ ] Fee paid previously with preliminary materials.
[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number,
or the Form or Schedule and the date of its filing.
(1) Amount Previously Paid:
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(4) Date Filed:
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COLONIAL CALIFORNIA INSURED MUNICIPAL FUND
COLONIAL HIGH INCOME MUNICIPAL TRUST
COLONIAL INSURED MUNICIPAL FUND
COLONIAL INTERMARKET INCOME TRUST I
COLONIAL INTERMEDIATE HIGH INCOME FUND
COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
COLONIAL MUNICIPAL INCOME TRUST
(EACH, A "FUND"; AND COLLECTIVELY, THE "FUNDS")
ONE FINANCIAL CENTER
BOSTON, MASSACHUSETTS 02111-2621
(617) 426-3750
NOTICE OF ANNUAL MEETINGS OF SHAREHOLDERS
MAY 24, 2006
To the Shareholders of the Funds:
NOTICE IS HEREBY GIVEN that the Annual Meetings of Shareholders of the Funds
(the "Meeting") will be held at the offices of the Funds at One Financial
Center, Boston, Massachusetts, on May 24, 2006, at 10:00 a.m. Boston time. The
purpose of the Meeting is to consider and act upon the following matters:
1. To elect Trustees of the Funds as outlined below:
(a) Colonial High Income Municipal Trust:
(i) Two Trustees to be elected by the holders of common shares of
beneficial interest, no par value (the "Common Shares"), and
Municipal Auction Rate Cumulative Preferred Shares (the "Preferred
Shares") of the Fund, voting together as a single class; and
(ii) Two Trustees to be elected by the holders of Preferred Shares only,
voting as a single class.
(b) Colonial Investment Grade Municipal Trust:
(i) Two Trustees to be elected by the holders of Common Shares and
Preferred Shares of the Fund, voting together as a single class;
and
(ii) Two Trustees to be elected by the holders of Preferred Shares only,
voting as a single class.
(c) Colonial InterMarket Income Trust I:
(i) Four Trustees to be elected by the holders of shares of beneficial
interest of the Fund.
INT-47/108703-0306
(d) Colonial California Insured Municipal Fund:
(i) Four Trustees to be elected by the holders of Common Shares and
Preferred Shares of the Fund, voting together as a single class;
and
(ii) Two Trustees to be elected by the holders of Preferred Shares only,
voting as a single class.
(e) Colonial Insured Municipal Fund:
(i) Four Trustees to be elected by the holders of Common Shares and
Preferred Shares of the Fund, voting together as a single class;
and
(ii) Two Trustees to be elected by the holders of Preferred Shares only,
voting as a single class.
(f) Colonial Municipal Income Trust:
(i) Four Trustees to be elected by the holders of Common Shares and
Preferred Shares of the Fund, voting together as a single class;
and
(ii) Two Trustees to be elected by the holders of Preferred Shares only,
voting as a single class.
(g) Colonial Intermediate High Income Fund:
(i) Three Trustees to be elected by the holders of shares of beneficial
interest of the Fund.
2. To transact such other business as may properly come before the Meeting and
any adjourned session of the Meeting.
The Boards of Trustees have fixed the close of business on March 10, 2006 as the
record date for the determination of the shareholders of the Funds entitled to
notice of, and to vote at, the Meeting and any adjournments thereof.
YOUR BOARD OF TRUSTEES RECOMMENDS THAT YOU VOTE FOR ALL OF THE PROPOSALS.
By order of the Boards of Trustees,
James R. Bordewick, Jr.
Secretary of the Funds
YOUR VOTE IS IMPORTANT -- PLEASE RETURN YOUR PROXY PROMPTLY.
YOU ARE CORDIALLY INVITED TO ATTEND THE MEETING. WE URGE YOU, WHETHER OR NOT YOU
EXPECT TO ATTEND THE MEETING IN PERSON, TO INDICATE YOUR VOTING INSTRUCTIONS ON
THE ENCLOSED PROXY, DATE AND SIGN IT, AND RETURN IT IN THE ENVELOPE PROVIDED,
WHICH NEEDS NO POSTAGE IF MAILED IN THE UNITED STATES. WE ASK YOUR COOPERATION
IN MAILING YOUR PROXY PROMPTLY.
April 21, 2006
PROXY STATEMENT
COLONIAL CALIFORNIA INSURED MUNICIPAL FUND ("CCAIMF")
COLONIAL HIGH INCOME MUNICIPAL TRUST ("CHIMT")
COLONIAL INSURED MUNICIPAL FUND ("CIMF")
COLONIAL INTERMARKET INCOME TRUST I ("CIITI")
COLONIAL INTERMEDIATE HIGH INCOME FUND ("CIHIF")
COLONIAL INVESTMENT GRADE MUNICIPAL TRUST ("CIGMT")
COLONIAL MUNICIPAL INCOME TRUST ("CMIT")
(EACH, A "FUND"; AND COLLECTIVELY, THE "FUNDS")
ANNUAL MEETINGS OF SHAREHOLDERS
MAY 24, 2006
This Proxy Statement is furnished in connection with the solicitation of proxies
on behalf of the Boards of Trustees of the Funds to be used at the Annual
Meetings of Shareholders of the Funds to be held at the offices of the Funds at
One Financial Center, Boston, Massachusetts, on May 24, 2006, at 10:00 a.m.
Boston time and at any adjournments thereof (such meetings and any adjournments
being referred to as the "Meeting").
The solicitation of proxies for use at the Meeting is being made primarily by
the mailing on or about April 21, 2006, of the Notice of Annual Meetings of
Shareholders, this Proxy Statement and the accompanying proxy cards.
Supplementary solicitations may be made by mail, telephone, or personal
interview by officers and Trustees of the Funds and officers, employees and
agents of the Funds' investment advisor, Columbia Management Advisors, LLC
("Columbia Management" or the "Advisor"), and/or its affiliates. Columbia
Management is located at One Financial Center, Boston, Massachusetts 02111-2621.
Authorization to execute proxies may be obtained from shareholders through
instructions transmitted by telephone or facsimile. The expenses incurred in
connection with preparing this Proxy Statement and of the solicitation of
proxies for the Meeting will be paid by the Funds. The Funds will reimburse
brokerage firms and others for their expenses in forwarding solicitation
material to the beneficial owners of shares.
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The Meeting is being held to vote on the matters described below:
PROPOSAL 1. ELECTION OF TRUSTEES
INTRODUCTION
The Trustees, which oversee each Fund, provide broad supervision over the
affairs of each Fund. Columbia Management is responsible for the investment
management of each Fund's assets and for providing a variety of other
administrative services to each Fund. The officers of each Fund are responsible
for its operations.
The Trustees have fixed the number of Trustees of each Fund at eleven.
FUNDS WITH PREFERRED SHARES OUTSTANDING: (Colonial California Insured Municipal
Fund; Colonial High Income Municipal Trust; Colonial Insured Municipal Fund;
Colonial Investment Grade Municipal Trust; and Colonial Municipal Income Trust)
Under the provisions of each Fund's Declaration of Trust, the (i) Trustees
who are elected by the common shares and the preferred shares voting
together are divided into three classes, each having a term of three years
and (ii) the Trustees who are elected by the preferred shares voting
separately are divided into a single class, having a term of one year.
Accordingly, the terms of the Trustees elected to the class whose term
expires at the 2006 Meeting will be expiring at the 2006 Meeting and the
shareholders of each Fund are being asked to consider electing Trustees to
the class whose term expires at the 2009 Meeting. The holders of Municipal
Auction Rate Cumulative Preferred ("Preferred Shares") are also being asked
to consider electing two Trustees to one year terms expiring at the 2007
Meeting.
FUNDS WITHOUT PREFERRED SHARES OUTSTANDING: (Colonial Intermarket Income Trust
I and Colonial Intermediate High Income Fund)
Under the provisions of each Fund's Declaration of Trust, the Trustees are
divided into three classes, each having a term of three years. Accordingly,
the terms of the Trustees previously elected to the class whose term
expires at the 2006 Meeting will be expiring at the 2006 Meeting and the
shareholders of each Fund are being asked to consider electing Trustees to
the class whose term expires at the 2009 Meeting.
The members of the Governance Committee who are not interested persons of the
Funds (as defined in the Investment Company Act of 1940, as amended ("1940
Act")), have recommended that the Trustees nominate for election by shareholders
the nominees described in the following pages, and the Trustees have nominated
such individuals. THE TRUSTEES RECOMMEND THAT YOU VOTE IN FAVOR OF THEIR
ELECTION.
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Each nominee has agreed to serve as a Trustee of each Fund if elected. If,
before the Meeting, any nominee refuses or is unable to serve, or if any of the
nominees is unavailable at the time of the Meeting, and such refusal or
inability to serve or unavailability is not anticipated, the Trustees may vote
for other nominees at their discretion, or the Trustees may fix the number of
Trustees at fewer than eleven for a Fund. Under the terms of each Fund's
retirement policy, the Trustees have a mandatory retirement age of 72 years.
1(a) COLONIAL HIGH INCOME MUNICIPAL TRUST
Mmes. Kelly and Verville are proposed for election as Trustees of the Fund and
are to be elected by the holders of Common Shares and Preferred Shares, voting
together as a single class. Mmes. Kelly and Verville will serve for three years
or until a successor is elected. Messrs. Hacker and Stitzel are proposed for
election as Trustees of the Fund and are to be elected by the holders of
Preferred Shares only, voting as a single class.
The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into
the following three classes, each with a term expiring in the year indicated
(assuming the persons listed above are elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Mayer Mr. Lowry Ms. Kelly
Mr. Nelson Mr. Neuhauser Ms. Verville
Mr. Theobald Mr. Simpson
Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of
Preferred Shares of the Fund.
REQUIRED VOTE
With respect to Mmes. Kelly and Verville, the affirmative vote of a plurality of
the holders of Common Shares and Preferred Shares, voting together as a single
class, present at the Meeting in person or by proxy, is required for the
election of each such Trustee. With respect to the election of Messrs. Hacker
and Stitzel, the affirmative vote of a plurality of the holders of Preferred
Shares, present at the Meeting in person or by proxy, is required for the
election of each such Trustee.
1(b) COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
Ms. Kelly and Mr. Simpson are proposed for election as Trustees of the Fund and
are to be elected by the holders of Common Shares and Preferred Shares, voting
together as a single class. Ms. Kelly and Mr. Simpson will
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each serve for three years or until a successor is elected. Messrs. Hacker and
Stitzel are proposed for election as Trustees of the Fund and are to be elected
by the holders of Preferred Shares only, voting as a single class.
The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into
the following three classes, each with a term expiring in the year indicated
(assuming the persons listed above are elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Mayer Mr. Lowry Ms. Kelly
Mr. Neuhauser Mr. Nelson Mr. Simpson
Mr. Theobald Ms. Verville
Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of
Preferred Shares of the Fund.
REQUIRED VOTE
With respect to Ms. Kelly and Mr. Simpson, the affirmative vote of a plurality
of the holders of Common Shares and Preferred Shares, voting together as a
single class, present at the Meeting in person or by proxy, is required for the
election of each such Trustee. With respect to the election of Messrs. Hacker
and Stitzel, the affirmative vote of a plurality of the holders of Preferred
Shares, present at the Meeting in person or by proxy, is required for the
election of each such Trustee.
1(c) COLONIAL INTERMARKET INCOME TRUST I
Ms. Kelly and Messrs. Hacker, Nelson and Simpson are proposed for election as
Trustees of the Fund. Ms. Kelly and Messrs. Hacker, Nelson and Simpson will each
serve for three years.
The Board of Trustees is divided into the following three classes, each with a
term expiring in the year indicated (assuming the persons listed above are
elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Neuhauser Mr. Lowry Mr. Hacker
Mr. Theobald Mr. Mayer Ms. Kelly
Mr. Woolworth Mr. Stitzel Mr. Nelson
Ms. Verville Mr. Simpson
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REQUIRED VOTE
The affirmative vote of a plurality of the holders of shares of beneficial
interest of the Fund, present at the Meeting in person or by proxy, is required
for the election of each such Trustee.
1(d) COLONIAL CALIFORNIA INSURED MUNICIPAL FUND
Messrs. Lowry, Mayer, Nelson and Woolworth are proposed for election as Trustees
of the Fund and are to be elected by the holders of Common Shares and Preferred
Shares, voting together as a single class. Messrs. Lowry, Mayer, Nelson and
Woolworth will each serve for three years or until a successor is elected.
Messrs. Hacker and Stitzel are proposed for election as Trustees of the Fund and
are to be elected by the holders of Preferred Shares only, voting as a single
class.
The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into
the following three classes, each with a term expiring in the year indicated
(assuming the persons listed above are elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Neuhauser Ms. Kelly Mr. Lowry
Mr. Theobald Mr. Simpson Mr. Mayer
Ms. Verville Mr. Nelson
Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of
Preferred Shares of the Fund.
REQUIRED VOTE
With respect to Messrs. Lowry, Mayer, Nelson and Woolworth, the affirmative vote
of a plurality of the holders of Common Shares and Preferred Shares, voting
together as a single class, present at the Meeting in person or by proxy, is
required for the election of each such Trustee. With respect to the election of
Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders
of Preferred Shares, present at the Meeting in person or by proxy, is required
for the election of each such Trustee.
1(e) COLONIAL INSURED MUNICIPAL FUND
Messrs. Lowry, Mayer, Nelson and Woolworth are proposed for election as Trustees
of the Fund and are to be elected by the holders of Common Shares and Preferred
Shares, voting together as a single class. Messrs. Lowry, Mayer, Nelson and
Woolworth will each serve for three
5
years or until a successor is elected. Messrs. Hacker and Stitzel are proposed
for election as Trustees of the Fund and are to be elected by the holders of
Preferred Shares only, voting as a single class.
The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into
the following three classes, each with a term expiring in the year indicated
(assuming the persons listed above are elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Neuhauser Ms. Kelly Mr. Lowry
Mr. Theobald Mr. Simpson Mr. Mayer
Ms. Verville Mr. Nelson
Mr. Woolworth
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of
Preferred Shares of the Fund.
REQUIRED VOTE
With respect to Messrs. Lowry, Mayer, Nelson and Woolworth, the affirmative vote
of a plurality of the holders of Common Shares and Preferred Shares, voting
together as a single class, present at the Meeting in person or by proxy, is
required for the election of each such Trustee. With respect to the election of
Messrs. Hacker and Stitzel, the affirmative vote of a plurality of the holders
of Preferred Shares, present at the Meeting in person or by proxy, is required
for the election of each such Trustee.
1(f) COLONIAL MUNICIPAL INCOME TRUST
Ms. Kelly and Messrs. Simpson, Nelson and Woolworth are proposed for election as
Trustees of the Fund and are to be elected by the holders of Common Shares and
Preferred Shares, voting together as a single class. Ms. Kelly and Messrs.
Simpson, Nelson and Woolworth will each serve for three years or until a
successor is elected. Messrs. Hacker and Stitzel are proposed for election as
Trustees of the Fund and are to be elected by the holders of Preferred Shares
only, voting as a single class.
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The Board of Trustees (other than Messrs. Hacker and Stitzel) is divided into
the following three classes, each with a term expiring in the year indicated
(assuming the persons listed above are elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Lowry Mr. Mayer Ms. Kelly
Mr. Neuhauser Ms. Verville Mr. Nelson
Mr. Theobald Mr. Woolworth
Mr. Simpson
Messrs. Hacker and Stitzel are subject to re-election annually by the holders of
Preferred Shares of the Fund.
REQUIRED VOTE
With respect to Ms. Kelly and Messrs. Simpson, Nelson and Woolworth, the
affirmative vote of a plurality of the holders of Common Shares and Preferred
Shares, voting together as a single class, present at the Meeting in person or
by proxy, is required for the election of each such Trustee. With respect to the
election of Messrs. Hacker and Stitzel, the affirmative vote of a plurality of
the holders of Preferred Shares, present at the Meeting in person or by proxy,
is required for the election of each such Trustee.
1(g) COLONIAL INTERMEDIATE HIGH INCOME FUND
Ms. Kelly and Messrs. Hacker and Neuhauser are proposed for election as Trustees
of the Fund. Ms. Kelly and Messrs. Hacker and Neuhauser will each serve for
three years or until a successor is elected.
The Board of Trustees is divided into the following three classes, each with a
term expiring in the year indicated (assuming the persons listed above are
elected at the Meeting):
2007 2008 2009
---- ---- ----
Mr. Simpson Mr. Lowry Mr. Hacker
Mr. Stitzel Mr. Mayer Ms. Kelly
Mr. Theobald Mr. Nelson Mr. Neuhauser
Ms. Verville Mr. Woolworth
REQUIRED VOTE
The affirmative vote of a plurality of the holders of shares of beneficial
interest of the Fund present at the Meeting in person or by proxy is required
for the election of each such Trustee.
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FOR INFORMATION REGARDING THE BOARD OF TRUSTEES AND OFFICERS OF YOUR FUND, SEE
APPENDIX A TO THIS PROXY STATEMENT.
TRUSTEES' COMPENSATION
The members of each Fund's Board of Trustees also serve as Trustees on the
boards for certain other registered investment companies advised by Columbia
Management or its affiliates (the "Fund Complex", as such term is defined under
applicable regulations promulgated under the 1940 Act). Two-thirds of the
Trustees' fees are allocated among the funds within the Fund Complex supervised
by these Trustees based on the relative net assets of each fund and one-third of
the fees is divided equally among the funds within the Fund Complex supervised
by these Trustees.
FOR MORE INFORMATION REGARDING THE COMPENSATION OF THE TRUSTEES, SEE APPENDIX
B.1 AND APPENDIX B.2 TO THIS PROXY STATEMENT.
SHAREHOLDER COMMUNICATIONS
Shareholders may communicate with the Trustees as a group or individually. Any
such communications should be sent to a Fund's Board or an individual Trustee in
writing, c/o the Secretary of the Funds, One Financial Center, Mail Stop
MA5-515-11-05, Boston, MA 02111-2621. The Secretary may determine not to forward
any letter to the Board or a Trustee that does not relate to the business of a
Fund.
TRUSTEE SHARE OWNERSHIP
The table in Appendix C shows, as of December 31, 2005, the dollar range of
equity securities beneficially owned by each Trustee (i) in each of the Funds
and (ii) in all funds overseen by the Trustee in the Fund Complex.
TRUSTEES' MEETINGS AND COMMITTEES
The Board of Trustees of each Fund (the "Board") is responsible for the overall
management and supervision of that Fund's affairs and for protecting the
interests of the Fund's shareholders. For the fiscal year ended November 30,
2005, the Funds held 7 meetings (5 regular Board meetings and 2 special Board
meetings). Each of these Board meetings was held jointly with other various
funds supervised by the Trustees. The Funds do not have a formal policy on
Trustee attendance at the annual meetings of shareholders, but encourage such
attendance. None of the Trustees attended the Funds' 2005 annual meetings.
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The Boards of Trustees have created several committees to perform specific
functions on behalf of the Funds. The members of each committee, along with a
description of each committee's functions, appear below, followed by a table
that sets forth the number of meetings held by the Boards and each committee
during the last fiscal year.
1. AUDIT COMMITTEE
Ms. Verville and Messrs. Hacker, Stitzel and Woolworth are members of the Audit
Committee of each Fund. Each Fund's Audit Committee is comprised of only
"Independent Trustees" (as defined in the listing standards of the New York
Stock Exchange ("NYSE") and the American Stock Exchange ("AMEX") ), who are also
not "interested persons" (as defined in the 1940 Act) of any Fund. Each member
of the Audit Committee must be financially literate and at least one member must
have prior accounting experience or related financial management expertise. The
Boards have determined, in accordance with applicable regulations of the NYSE
and AMEX, that each member of the Audit Committee is financially literate and
has prior accounting experience or related financial management expertise.
On February 10, 2004, the Audit Committees adopted a revised written charter
that sets forth the Audit Committee's structure, duties and powers, and methods
of operation. A copy of the revised Audit Committee Charter was attached to the
proxy statement relating to the Annual Meeting of Shareholders held on May 25,
2005. The Audit Committee serves as an independent and objective party to
monitor the Funds' accounting policies, financial reporting and internal control
systems and the work of the Funds' independent registered public accountant. The
Audit Committee also serves to provide an open avenue of communication between a
Fund's independent registered public accountants, Columbia Management Group,
Inc.'s internal accounting staff and the Boards. The principal functions of the
Audit Committee are to assist the Boards oversight of (1) the integrity of each
Fund's financial statements, (2) each Fund's compliance with legal and
regulatory requirements, (3) each Fund's independent registered public
accountant's qualifications and independence, (4) the performance of the
Advisor's internal audit function, and (5) each Fund's independent registered
public accountant. The Audit Committee is directly responsible for the
appointment, compensation, retention and oversight of the work of each Fund's
independent registered public accountant (including the resolution of
disagreements between management and each Fund's independent registered public
accountant regarding financial reporting) for the purpose of preparing or
issuing an audit report or performing other review or attest services for each
Fund.
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AUDIT COMMITTEE REPORT
At a meeting of the Audit Committees on January 23, 2006, the Audit Committees:
(i) reviewed and discussed with management each Fund's audited financial
statements for the most recently completed fiscal year and (ii) discussed with
PricewaterhouseCoopers LLP ("PwC"), each Fund's independent registered public
accountant, the matters required to be discussed by Statement on Auditing
Standards No. 61 and other professional standards and regulatory requirements.
At a meeting of the Audit Committees on February 7, 2006, the Audit Committees
obtained from PwC a formal written statement consistent with Independence
Standards Board Standard No. 1, "Independence Discussions with Audit
Committees," describing all relationships between PwC and the Funds that might
bear on PwC's independence and discussed with PwC any relationships that may
impact its objectivity and independence and satisfied itself as to PwC's
independence. Based on its review and discussion, the Audit Committee
recommended to each Board that the audited financial statements for each Fund be
included in that Fund's Annual Report to shareholders.
Based on the recommendation from each Audit Committee and on its own review,
each Board selected PwC as independent registered public accountant for each
Fund for the fiscal year ending November 30, 2006. Representatives of PwC are
not expected to be at the Meeting but have been given the opportunity to make a
statement if they so desire and will be available should any matter arise
requiring their presence.
Audit Committee Members: Ms. Verville
Mr. Hacker
Mr. Stitzel
Mr. Woolworth
2. GOVERNANCE COMMITTEE
Messrs. Lowry, Mayer, Simpson and Theobald are members of the Governance
Committee of each Fund. The Funds have no nominating or compensation committee.
The Governance Committees perform certain of the functions typically performed
by those committees. Among other things, the Governance Committee recommends to
the Boards nominees for Trustee and nominees for appointment to various
committees; performs periodic evaluations of the effectiveness of the Boards;
reviews and recommends to the Boards policies and practices to be followed in
carrying out the Trustees' duties and responsibilities; and reviews and makes
recommendations to the
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Boards regarding the compensation of the Trustees who are not affiliated with
Columbia. On October 12, 2005 the Governance Committee adopted a written charter
that sets forth the Governance Committee's structure, duties and powers, and
methods of operation. A copy of the Governance Committee Charter is attached as
Appendix F.
Three of the four Governance Committee members, Messrs. Lowry, Simpson and
Theobald, who are "Independent Trustees" (as defined in the NYSE and AMEX
listing standards) and are not "interested persons" (as defined in the 1940 Act)
of any Fund ("Governance Committee Independent Trustees"), participate in the
consideration and recommendation to the Boards regarding the nomination of
Trustees. The Governance Committee Independent Trustees will consider candidates
for Trustee identified by any reasonable source, including current Independent
Trustees, Fund management, Fund shareholders and other persons or entities.
Shareholders of a Fund who wish to nominate a candidate to a Fund's Board may
send information regarding prospective candidates to the Governance Committee,
in care of the relevant Fund, at One Financial Center, Boston, MA 02111-2621.
The information should include evidence of the shareholders' Fund ownership, a
full listing of the proposed candidate's education, experience, current
employment, date of birth, names and addresses of at least three professional
references, information as to whether the candidate is not an "interested
person" under the 1940 Act and "independent" under NYSE and AMEX listing
standards in relation to the Fund, and such other information as may be helpful
to the Governance Committee Independent Trustees in evaluating the candidate.
All satisfactorily completed information packages regarding a candidate will be
forwarded to a member of the Governance Committee for consideration. The
Governance Committee Independent Trustees will evaluate recommendations for
candidates in light of whether the number of Trustees of a Fund is expected to
be increased and anticipated vacancies. All nominations from Fund shareholders
will be considered. There may be times when the Governance Committee is not
recruiting new Board members. In that case, shareholder recommendations will be
maintained on file pending the active recruitment of Trustees.
When considering candidates for Trustee, the Governance Committee Independent
Trustees consider, among other things, whether prospective nominees have
distinguished records in their primary careers, personal and professional
integrity, and substantive knowledge in areas important to each Board's
operations, such as background or education in finance, auditing, securities
law, the workings of the securities markets, or investment advice. For
candidates to serve as Independent Trustees, independence from the Funds'
investment advisor, its affiliates and other principal service providers is
critical, as is an independent and questioning mind-set. In each case, the
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Governance Committee Independent Trustees will evaluate whether a candidate is
an "interested person" under the 1940 Act and "independent" under NYSE and AMEX
listing standards. The Governance Committee Independent Trustees also consider
whether a prospective candidate's workload would be consistent with regular
attendance at Board meetings and would allow him or her to be available for
service on Board committees, and devote the additional time and effort necessary
to stay apprised of Board matters and the rapidly changing regulatory
environment in which the Funds operate. Different substantive areas may assume
greater or lesser significance at particular times, in light of each Board's
present composition and its perceptions about future issues and needs.
The Governance Committee Independent Trustees initially evaluate prospective
candidates on the basis of their resumes, considered in light of the criteria
discussed above. Those prospective candidates that appear likely to be able to
fill a significant need of the Board would be contacted by a Governance
Committee Independent Trustee by telephone to discuss the position; if there
appeared to be sufficient interest, an in-person meeting with one or more of the
Governance Committee Independent Trustees would be arranged. If a Governance
Committee Independent Trustee, based on the results of these contacts, believes
he or she has identified a viable candidate, he or she would air the matter with
the other Governance Committee Independent Trustees for input. Any request by
Fund management to meet with the prospective candidate would be given
appropriate consideration. The Funds have not paid a fee to third parties to
assist in finding nominees.
3. ADVISORY FEES & EXPENSES COMMITTEE
Ms. Kelly and Messrs. Mayer, Nelson and Neuhauser are members of the Advisory
Fees & Expenses Committee of each Fund. The Advisory Fees & Expenses Committee's
functions include reviewing and making recommendations to the Boards as to
contracts requiring approval of a majority of the disinterested Trustees and as
to any other contracts that may be referred to the committee by the Boards.
4. COMPLIANCE COMMITTEE
Mmes. Kelly and Verville and Messrs. Nelson, Simpson and Stitzel are members of
the Compliance Committee of each Fund. The Compliance Committee's functions
include providing oversight of the monitoring processes and controls regarding
the Fund. The Compliance Committee supervises legal, regulatory and internal
rules, policies, procedures and standards other than those relating to
accounting matters and oversight of
12
compliance by the Funds' investment advisor, principal underwriter and transfer
agent.
NUMBER OF
MEETINGS
FOR FISCAL
YEAR ENDED
NOVEMBER 30, 2005
-----------------
Board of Trustees 7
Audit Committee 7
Governance Committee 5
Advisory Fees & Expenses Committee 7
Compliance Committee 4
AUDIT COMMITTEE PRE-APPROVAL OF INDEPENDENT ACCOUNTANT SERVICES
Each Fund's Audit Committee is required to pre-approve the engagement of each
Fund's independent registered public accountant to provide audit and non-audit
services to each Fund and non-audit services to Columbia Management (not
including any subadvisor whose role is primarily portfolio management and is
contracted with or overseen by another investment advisor) or any entity
controlling, controlled by or under common control with Columbia Management that
provides ongoing services to the Funds ("Columbia Affiliate"), if the engagement
relates directly to the operations or financial reporting of the Funds. The
engagement may be entered into pursuant to pre-approval policies and procedures
established by the Audit Committee.
Each Fund's Audit Committee has adopted an Audit and Non-Audit Services
Pre-Approval Policy (each, the "Policy") for the pre-approval of audit and
non-audit services provided to each Fund and non-audit services provided to
Columbia Management and Columbia Affiliates, if the engagement relates directly
to the operations or financial reporting of the Funds. The Policy sets forth the
procedures and conditions pursuant to which services to be performed by the
Funds' independent registered public accountant are to be pre-approved. Unless a
type of service receives general pre-approval under the Policy, it requires
specific pre-approval by the Audit Committee if it is to be provided by the
independent registered public accountant.
The Policy provides for the general pre-approval by the Audit Committee of
certain: (i) audit services to the Fund; (ii) audit-related services to the
Fund; (iii) tax services to the Fund; (iv) other services to the Fund; and (v)
Fund-related services to Columbia Affiliates. The Policy requires the
13
Fund Treasurer and/or Director of Trustee Administration to submit to the Audit
Committee, at least annually, a schedule of the types of services that are
subject to general pre-approval. The schedule(s) must provide a description of
each type of service that is subject to general pre-approval and, where
possible, will provide projected fee caps for each instance of providing each
service. At least annually, the Audit Committee will review and approve the
types of services and review the projected fees for the next year, and may add
to, or subtract from, the list of pre-approved services from time to time, based
on subsequent determinations. In addition to the fees for each individual
service, the Audit Committee has the authority to implement a fee cap on the
aggregate amount of non-audit services provided to an individual Fund. The fee
amounts listed on the schedules will be updated to the extent necessary at each
of the other regularly scheduled meetings of the Audit Committee.
FEES PAID TO THE INDEPENDENT REGISTERED PUBLIC ACCOUNTANT
The following table sets forth the aggregate fees billed by PwC for each Fund's
last two fiscal years for professional services rendered for: (i) audit
services, including the audit of each Fund's financial statements and services
normally provided in connection with statutory and regulatory filings or
engagements for those fiscal years; (ii) audit-related services associated with
the review of the Funds' semi-annual financial statements, and, for all Funds
other than CIITI and CIHIF, procedures relating to reports required by rating
agencies; (iii) tax services and, primarily, reviews of Fund tax returns; and
(iv) other services.
All of the audit fees, audit-related fees, tax fees and other fees billed by PwC
for services provided to the Funds in both the fiscal year ended November 30,
2004 and November 30, 2005 were pre-approved by the Audit Committee.
There were no amounts billed by PwC in either the fiscal year ended November 30,
2004 or November 30, 2005 for audit-related services, tax services or other
services provided to Columbia Management or Columbia
14
Affiliates for engagements that related directly to the operations or financial
reporting of the Funds.
AUDIT AUDIT-RELATED TAX ALL OTHER
YEAR FEES FEES FEES FEES
---- ----- ------------- ---- ---------
CCAIMF 2004 $22,060 $7,100 $3,410 $0
2005 $24,148 $8,390 $3,512 $0
CHIMT 2004 $26,670 $7,100 $3,110 $0
2005 $28,988 $8,390 $3,063 $0
CIMF 2004 $22,060 $7,100 $3,410 $0
2005 $24,148 $8,390 $3,263 $0
CIITI 2004 $28,350 $3,700 $2,610 $0
2005 $30,758 $3,890 $2,500 $0
CIHIF 2004* $32,860 $3,700 $2,710 $0
2005 $35,488 $3,890 $2,500 $0
CIGMT 2004 $22,900 $7,100 $3,110 $0
2005 $25,038 $8,390 $3,062 $0
CMIT 2004 $26,670 $7,100 $3,110 $0
2005 $28,988 $8,390 $3,062 $0
---------------
* CIHIF recently changed its fiscal year. Accordingly, the 2004 fiscal year was
only eleven months long.
The aggregate amount of fees paid for non-audit services billed to the Funds,
Columbia Management and Columbia Affiliates was $64,370 in the fiscal year ended
November 30, 2004 and $70,692 for the fiscal year ended November 30, 2005.
The Audit Committee has determined that the provision of the services described
above is compatible with maintaining the independence of PwC.
MANAGEMENT
Columbia Management, located at One Financial Center, Boston, MA 02111, is each
Fund's investment advisor and administrator. Columbia Management, a registered
investment advisor, has been an investment advisor since 1969. Columbia
Management is a wholly owned subsidiary of Columbia Management Group, Inc.,
("CMG"), which is a wholly owned subsidiary of Bank of America Corporation. Bank
of America is one of the world's largest financial institutions, serving
individual consumers, small businesses and large corporations and institutions
with a full range of
15
banking, investing, asset management and other financial and risk management
products and services. CMG is located at One Financial Center, Boston, MA 02111.
LEGAL PROCEEDINGS
On February 9, 2005, Columbia Management Advisors, Inc. (which has since merged
into Banc of America Capital Management, LLC (now named Columbia Management
Advisors, LLC)) ("Columbia Management") and Columbia Funds Distributor, Inc.
(which has been renamed Columbia Management Distributors, Inc.) (the
"Distributor") (collectively, the "Columbia Group") entered into an Assurance of
Discontinuance with the New York Attorney General ("NYAG") (the "NYAG
Settlement") and consented to the entry of a cease-and-desist order by the
Securities and Exchange Commission ("SEC") (the "SEC Order"). The SEC Order and
the NYAG Settlement are referred to collectively as the "Settlements". The
Settlements contain substantially the same terms and conditions as outlined in
the agreements in principle which Columbia Group entered into with the SEC and
NYAG in March 2004.
Under the terms of the SEC Order, the Columbia Group has agreed among other
things, to: pay $70 million in disgorgement and $70 million in civil money
penalties; cease and desist from violations of the antifraud provisions and
certain other provisions of the federal securities laws; maintain certain
compliance and ethics oversight structures; retain an independent consultant to
review the Columbia Group's applicable supervisory, compliance, control and
other policies and procedures; and retain an independent distribution consultant
(see below). The Columbia Funds have also voluntarily undertaken to implement
certain governance measures designed to maintain the independence of their
boards of trustees. The NYAG Settlement also, among other things, requires
Columbia Management and its affiliates to reduce certain Columbia Funds
(including the former Nations Funds) and other mutual funds management fees
collectively by $32 million per year for five years, for a projected total of
$160 million in management fee reductions.
Pursuant to the procedures set forth in the SEC order, the $140 million in
settlement amounts described above will be distributed in accordance with a
distribution plan developed by an independent distribution consultant and agreed
to by the staff of the SEC. The independent distribution consultant has been in
consultation with the Staff, and has submitted a draft proposed plan of
distribution, but has not yet submitted a final proposed plan of distribution.
16
These matters or any adverse publicity or other developments resulting from them
may have an impact on the market price of Fund shares.
A copy of the SEC Order is available on the SEC website at http://www.sec.gov. A
copy of the NYAG Settlement is available as part of the Bank of America
Corporation Form 8-K filing on February 10, 2005.
In connection with the events described in detail above, various parties have
filed suit against certain funds, the Trustees of the Columbia Funds,
FleetBoston Financial Corporation and its affiliated entities and/or Bank of
America and its affiliated entities.
On February 20, 2004, the Judicial Panel on Multidistrict Litigation transferred
these cases and cases against several other mutual fund companies based on
similar allegations to the United States District Court in Maryland for
consolidated or coordinated pretrial proceedings (the "MDL").(1)Subsequently,
additional related cases were transferred to the MDL. On September 29, 2004, the
plaintiffs in the MDL filed amended and consolidated complaints. One of these
amended complaints is a putative class action that includes claims under the
federal securities laws and state common law, and that names Columbia, the
Distributor, the Trustees of the Columbia Funds, Bank of America Corporation and
others as defendants. Another of the amended complaints is a derivative action
purportedly on behalf of the Columbia Funds that asserts claims under federal
securities laws and state common law.
On February 25, 2005, Columbia Management and other defendants filed motions to
dismiss the claims in the pending cases. On March 1, 2006, for reasons stated in
the court's memoranda dated November 3, 2005, the U.S. District Court for the
District of Maryland granted in part and denied in part the defendants' motions
to dismiss. The court dismissed all of the class action claims pending against
the Columbia Funds Trusts and the Columbia Acorn Trusts. As to Columbia, the
Distributor and the Advisor, the claims under the Securities Act of 1933, the
claims under Sections 34(b) and 36(a) of the Investment Company Act of 1940
(ICA) and the state law claims were dismissed. The claims under Sections 10(b)
and 20(a) of the Securities Exchange Act of 1934 and claims under Sec-
------------------------------
(1) The derivative cases purportedly brought on behalf of the Columbia Funds in
the MDL have been consolidated under the lead case, Slaybe, et al. v.
Columbia Management Advisers, Inc. et al, No. 04-CV-1768 (D. Md. Sept. 29,
2004). The fund derivative plaintiffs allege that the funds were harmed by
market timing and late trading activity and seek, among other things,
removal of the trustees of the funds, removal of Columbia Management and
CFD, disgorgement of all management fees and monetary damages.
17
tion 36(b) of the ICA along with related claims under Section 48(a) of the ICA
were not dismissed.
On March 21, 2005 purported class action plaintiffs filed suit in Massachusetts
state court alleging that the conduct, including market timing, entitles Class B
shareholders in certain Columbia funds to an exemption from contingent deferred
sales charges upon early redemption ("the CDSC Lawsuit"). The CDSC Lawsuit has
been removed to federal court in Massachusetts and the federal Judicial Panel
has transferred the CDSC Lawsuit to the MDL.
The MDL is ongoing. Accordingly, an estimate of the financial impact of this
litigation on any fund, if any, cannot currently be made.
In 2004, certain Columbia funds, the Trustees of the Columbia Funds, advisers
and affiliated entities were named as defendants in certain purported
shareholder class and derivative actions(2) making claims, including claims
under the Investment Company and the Investment Advisers Acts of 1940 and state
law. The suits allege, inter alia, that the fees and expenses paid by the funds
are excessive and that the advisers and their affiliates inappropriately used
fund assets to distribute the funds and for other improper purpose. On March 2,
2005, the actions were consolidated in the Massachusetts federal court as In re
Columbia Entities Litigation. The plaintiffs filed a consolidated amended
complaint on June 9, 2005. On November 30, 2005, the judge dismissed all claims
by plaintiffs and ordered that the case be closed. The plaintiffs filed a notice
of appeal on December 30, 2005 and this appeal is pending.
OTHER BUSINESS
The Meeting has been called to transact any business that properly comes before
it. The only business that management of the Funds intends to present or knows
that others will present is the election of Trustees. If any other matters
properly come before the Meeting, and on all matters incidental to the conduct
of the Meeting, the persons named as proxies intend to vote the proxies in
accordance with their judgment, unless the Secretary of the Funds has previously
received written contrary instructions from the shareholder entitled to vote the
shares.
------------------------------
(2) Cohen, et al. v. FleetBoston Financial Corporation, et al., (D. Mass. Aug.
2, 2004); Osburn, et al. v. FleetBoston Financial Corporation, et al., (D.
Mass. Aug. 10, 2004); Slicker, et al. v. FleetBoston Financial Corporation,
et al., (D. Mass. Aug. 11, 2004); Simmonds, et al. v. FleetBoston Financial
Corporation, et al., (D. Mass. Sept. 8, 2004).
18
OUTSTANDING SHARES AND SIGNIFICANT SHAREHOLDERS
All shareholders of record at the close of business on March 10, 2006, are
entitled to one vote for each share held on that date and holders of Common
Shares are entitled to fractional votes for any fractional shares held on that
date. The table in Appendix D lists for each Fund the total number of shares
outstanding as of the close of business on March 10, 2006, for each class of a
Fund's shares entitled to vote at the Meeting.
The table in Appendix E lists the holders of more than five percent of any class
of shares of each Fund as of the close of business on March 10, 2006, based on
filings made by such holders pursuant to Sections 13(d) and 16(a) of the
Securities Exchange Act of 1934, as amended. The Trustees and officers of each
Fund, in the aggregate, owned less than 1% of each Fund's outstanding shares as
of March 10, 2006.
INFORMATION ABOUT THE MEETING AND THE VOTING AND TABULATION OF PROXIES
All proxies solicited by or on behalf of the Boards that are properly executed
and returned in time to be voted at the Meeting will be voted at the Meeting as
instructed on the proxy. If no instructions are given, the proxy will be voted
in favor of the nominees for election as Trustees.
Any proxy may be revoked at any time prior to its being exercised by written
notification received by the Funds' Secretary, by the execution of a later dated
proxy, or by attending the Meeting and voting in person.
Votes cast in person or by proxy at the Meeting will be counted by persons
appointed by the Funds as tellers for the Meeting (the "Tellers"). For each of
CCAIMF, CIMF and CMIT, 30% of the shares of the Fund outstanding on the record
date and entitled to vote, present at the Meeting in person or represented by
proxy, constitutes a quorum for the transaction of business by the shareholders
of that Fund. For each of CHIMT, CIGMT, CIHIF and CIITI, a majority of the
shares of the Fund outstanding on the record date and entitled to vote, present
at the Meeting in person or represented by proxy, constitutes a quorum for the
transaction of business by the shareholders of that Fund.
The election of Trustees is by a plurality of votes cast at the Meeting. Only
shareholders of record on March 10, 2006 may vote.
In determining whether a quorum is present, the Tellers will count shares
represented by proxies that reflect abstentions, and "broker non-votes," as
shares that are present and entitled to vote. With respect to the election of
Trustees, withheld authority, abstentions and broker non-votes have no
19
effect on the outcome of voting. "Broker non-votes" are shares held by brokers
or nominees as to which (i) the broker or nominee does not have discretionary
voting power, and (ii) the broker or nominee has not received instructions from
the beneficial owner or other person who is entitled to instruct how the shares
will be voted.
ADJOURNMENTS
In the event that a quorum is present at the Meeting but sufficient votes to
approve any of the proposals have not been received, the persons named as
proxies may propose one or more adjournments of the Meeting to permit further
solicitation of proxies. A shareholder vote may be taken on one or more of the
proposals referred to above prior to such adjournment if sufficient votes have
been received and it is otherwise appropriate. Any such adjournment will require
the affirmative vote of a majority of those shares present at the Meeting
(including abstentions and broker non-votes) in person or by proxy. If a quorum
is present, the persons named as proxies will vote those proxies that entitle
them to vote for any such proposal in favor of such adjournment and will vote
those proxies that require them to vote for rejection of any such proposal
against any such adjournment.
SUBMISSION OF PROPOSALS FROM SHAREHOLDERS AT FUTURE MEETINGS
Under the proxy rules of the SEC, shareholder proposals that meet tests
contained in those rules may, under certain conditions, be included in a Fund's
proxy materials for an annual shareholders' meeting. Under the proxy rules,
proposals submitted for inclusion in the proxy materials for the 2007 Annual
Meeting must be received by the relevant Fund on or before December 22, 2006.
The fact that a Fund receives a shareholder proposal in a timely manner does not
ensure inclusion of the proposal in the proxy materials since there are other
requirements in the proxy rules relating to such inclusion.
Shareholders who wish to make a proposal at the 2007 Annual Meeting that will
not be included in the Funds' proxy materials must notify the relevant Fund on
or before March 7, 2007. If a shareholder who wishes to submit a proposal fails
to timely notify the relevant Fund, the proxies solicited for the meeting will
have discretionary authority to vote on the shareholder's proposal if it is
properly brought before the meeting. If a shareholder makes a timely
notification, the proxies may still exercise discretionary voting authority
under circumstances consistent with the SEC's proxy rules.
You may submit shareholder proposals c/o the Secretary of the Funds, One
Financial Center, Mail Stop MA5-515-11-05, Boston, Massachusetts 02111-2621.
20
SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
Section 16(a) of the Securities Exchange Act of 1934, as amended, requires the
Funds' Trustees and officers, persons who own more than ten percent of a Fund's
outstanding shares and certain officers and directors of the Fund's advisor
(collectively, "Section 16 reporting persons"), to file with the SEC initial
reports of beneficial ownership and reports of changes in beneficial ownership
of Fund shares. Section 16 reporting persons are required by SEC regulations to
furnish the Funds with copies of all Section 16(a) forms that they file. To the
Funds' knowledge, based solely on a review of the copies of such reports
furnished to the Funds, and on representations made, all Section 16 reporting
persons complied with all Section 16(a) filing requirements applicable to them.
OTHER INFORMATION
EACH FUND HAS PREVIOUSLY SENT ITS MOST RECENT ANNUAL REPORT TO ITS SHAREHOLDERS.
YOU MAY OBTAIN A COPY OF THE REPORT, FREE OF CHARGE, BY WRITING TO THE FUND C/O
COLUMBIA MANAGEMENT AT ONE FINANCIAL CENTER, BOSTON, MASSACHUSETTS 02111-2621,
OR BY CALLING 1-800-426-3750.
21
APPENDIX A -- TRUSTEE AND OFFICER INFORMATION
Information regarding the Trustees and officers of the Funds, together with
their principal business occupations during the last five years (their titles
have varied through that period), is shown below. Unless otherwise noted, the
address for each Trustee and Officer is c/o Columbia Funds, Mail Stop
MA5-515-11-05, One Financial Center, Boston, MA 02111.
NUMBER OF
PORTFOLIOS IN
COLUMBIA
FUND
YEAR FIRST ELECTED COMPLEX
POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN BY
NAME AND YEAR OF BIRTH WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS TRUSTEE
------------------------ ----------- ------------------ ---------------------------------- -------------
DISINTERESTED TRUSTEES
Thomas C. Theobald (Born Trustee and 1996 Partner and Senior Advisor, 83
1937) Chairman of Chicago Growth Partners (private
the Board equity investing) since September,
2004; Managing Director, William
Blair Capital Partners (private
equity investing) from September,
1994 to September, 2004.
Douglas A. Hacker (Born Trustee 1996 Executive Vice President -- 83
1955) Strategy of United Airlines
(airline) since December, 2002;
President of UAL Loyalty Services
(airline) from September, 2001 to
December, 2002; Executive Vice
President and Chief Financial
Officer of United Airlines from
July, 1999 to September, 2001.
NAME AND YEAR OF BIRTH OTHER DIRECTORSHIPS HELD(2)
------------------------ -------------------------------
DISINTERESTED TRUSTEES
Thomas C. Theobald (Born Anixter International (network
1937) support equipment distributor);
Ventas, Inc. (real estate
investment trust); Jones Lang
LaSalle (real estate management
services) and Ambac Financial
Group (financial guaranty
insurance)
Douglas A. Hacker (Born Nash Finch Company (food
1955) distributor)
22
NUMBER OF
PORTFOLIOS IN
COLUMBIA
FUND
YEAR FIRST ELECTED COMPLEX
POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN BY
NAME AND YEAR OF BIRTH WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS TRUSTEE
------------------------ ----------- ------------------ ---------------------------------- -------------
Janet Langford Kelly Trustee 1996 Partner, Zelle, Hofmann, Voelbel, 83
(Born 1957) Mason & Gette LLP (law firm) since
March, 2005; Adjunct Professor of
Law, Northwestern University,
since September, 2004; Chief
Administrative Officer and Senior
Vice President, Kmart Holding
Corporation (consumer goods), from
September, 2003 to March, 2004;
Executive Vice President-Corporate
Development and Administration,
General Counsel and Secretary,
Kellogg Company (food
manufacturer), from September,
1999 to August, 2003.
Richard W. Lowry (Born Trustee 1995 Private Investor since August, 85
1936) 1987 (formerly Chairman and Chief
Executive Officer, U.S. Plywood
Corporation (building products
manufacturer) until 1987.)
NAME AND YEAR OF BIRTH OTHER DIRECTORSHIPS HELD(2)
------------------------ -------------------------------
Janet Langford Kelly UAL Corporation (airline)
(Born 1957)
Richard W. Lowry (Born None
1936)
23
NUMBER OF
PORTFOLIOS IN
COLUMBIA
FUND
YEAR FIRST ELECTED COMPLEX
POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN BY
NAME AND YEAR OF BIRTH WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS TRUSTEE
------------------------ ----------- ------------------ ---------------------------------- -------------
Charles R. Nelson (Born Trustee 1981 Professor of Economics, University 83
1943) of Washington since January, 1976;
Ford and Louisa University of
Washington Van Voorhis, Professor
of Political Economy, University
of Washington, since September,
1993; Director, Institute for
Economic Research, University of
Washington from September, 2001 to
June, 2003; Adjunct Professor of
Statistics, University of
Washington since September, 1980;
Associate Editor, Journal of Money
Credit and Banking since
September, 1993; consultant on
econometric and statistical
matters.
John J. Neuhauser (Born Trustee 1985 University Professor, Boston 85
1942) College since December, 2005;
Academic Vice President and Dean
of Faculties, Boston College from
August, 1999 to December, 2005.
Patrick J. Simpson (Born Trustee 2000 Partner, Perkins Coie L.L.P. (law 83
1944) firm).
Thomas E. Stitzel (Born Trustee 1998 Business Consultant since 1999; 83
1936) Chartered Financial Analyst.
Anne-Lee Verville (Born Trustee 1998 Retired since 1997 (formerly 83
1945) General Manager, Global Education
Industry, IBM Corporation
(computer and technology) from
1994 to 1997).
NAME AND YEAR OF BIRTH OTHER DIRECTORSHIPS HELD(2)
------------------------ -------------------------------
Charles R. Nelson (Born None
1943)
John J. Neuhauser (Born None
1942)
Patrick J. Simpson (Born None
1944)
Thomas E. Stitzel (Born None
1936)
Anne-Lee Verville (Born Chairman of the Board of
1945) Directors, Enesco Group, Inc.
(producer of giftware and home
and garden decor products)
24
NUMBER OF
PORTFOLIOS IN
COLUMBIA
FUND
YEAR FIRST ELECTED COMPLEX
POSITION OR APPOINTED TO PRINCIPAL OCCUPATION(S) OVERSEEN BY
NAME AND YEAR OF BIRTH WITH FUNDS OFFICE(1) DURING PAST FIVE YEARS TRUSTEE
------------------------ ----------- ------------------ ---------------------------------- -------------
Richard L. Woolworth Trustee 1991 Retired since December, 2003 83
(Born 1941) (formerly Chairman and Chief
Executive Officer, The Regence
Group Co. (regional health
insurer); Chairman and Chief
Executive Officer, BlueCross
BlueShield of Oregon; Certified
Public Accountant, Arthur Young &
Company).
INTERESTED TRUSTEE
William E. Mayer(3) Trustee 1994 Partner, Park Avenue Equity 85
(Born 1940) Partners (private equity) since
February, 1999. Dean and
Professor, College of Business,
University of Maryland from
1992-1997.
NAME AND YEAR OF BIRTH OTHER DIRECTORSHIPS HELD(2)
------------------------ -------------------------------
Richard L. Woolworth Northwest Natural Gas (natural
(Born 1941) gas service provider)
INTERESTED TRUSTEE
William E. Mayer(3) Lee Enterprises (print media),
(Born 1940) WR Hambrecht + Co. (financial
service provider); Reader's
Digest (publishing)
(1) The date shown is the earliest date on which a trustee/director was elected
or appointed to the board of a Fund in the Columbia Fund Complex.
(2) Directorships or trusteeships of companies required to report to the
Securities and Exchange Commission (i.e., "public companies").
(3) Mr. Mayer is an "interested person" (as defined in the 1940 Act) of the
Columbia Funds by reason of his affiliation with WR Hambrecht + Co., a
registered broker-dealer that may execute portfolio transactions for or
engage in principal transactions with the Funds or other funds or clients
advised by the Advisor or its affiliates.
25
YEAR FIRST
ELECTED OR
APPOINTED PRINCIPAL OCCUPATION(S)
NAME AND YEAR OF BIRTH POSITION WITH FUNDS TO OFFICE DURING PAST FIVE YEARS
---------------------- ------------------------------------ ---------- ------------------------------------
OFFICERS
Christopher L. Wilson President 2004 Head of Mutual Funds since August,
(Born 1957) 2004 and Managing Director of the
Advisor since September, 2005;
President and Chief Executive
Officer, CDC IXIS Asset Management
Services, Inc. (investment
management) from September, 1998 to
August, 2004.
James R. Bordewick, Jr. Senior Vice President, Secretary and 2006 Associate General Counsel, Bank of
(Born 1959) Chief Legal Officer America since April, 2005; Senior
Vice President and Associate General
Counsel, MFS Investment Management
(investment management) prior to
April, 2005.
J. Kevin Connaughton Senior Vice President, Chief 2000 Managing Director of the Advisor
(Born 1964) Financial Officer and Treasurer since February, 1998.
Mary Joan Hoene Senior Vice President and Chief 2004 Senior Vice President and Chief
(Born 1949) Compliance Officer Compliance Officer of various funds
in the Columbia Fund Complex;
Partner, Carter, Ledyard & Milburn
LLP (law firm) from January, 2001 to
August, 2004.
Michael G. Clarke Chief Accounting Officer and 2004 Managing Director of the Advisor
(Born 1969) Assistant Treasurer since February, 2001.
26
YEAR FIRST
ELECTED OR
APPOINTED PRINCIPAL OCCUPATION(S)
NAME AND YEAR OF BIRTH POSITION WITH FUNDS TO OFFICE DURING PAST FIVE YEARS
---------------------- ------------------------------------ ---------- ------------------------------------
Stephen T. Welsh Vice President 1996 President, Columbia Management
(Born 1957) Services, Inc. since July, 2004;
Senior Vice President and
Controller, Columbia Management
Services, Inc. prior to July, 2004.
Jeffrey R. Coleman Deputy Treasurer 2004 Group Operations Manager of the
(Born 1969) Advisor since October, 2004; Vice
President of CDC IXIS Asset
Management Services, Inc.
(investment management) from August,
2000 to September, 2004.
Joseph F. DiMaria Deputy Treasurer 2004 Senior Compliance Manager of the
(Born 1968) Advisor since January, 2005;
Director of Trustee Administration
of the Advisor from May, 2003 to
January, 2005; Senior Audit Manager,
PricewaterhouseCoopers (independent
registered public accounting firm)
from July, 2000 to April, 2003.
Ty S. Edwards Deputy Treasurer 2004 Vice President of the Advisor since
(Born 1966) 2002; Assistant Vice President and
Director, State Street Corporation
(financial services) prior to 2002.
Barry S. Vallan Controller 2006 Vice President-Fund Treasury of the
(Born 1969) Advisor since October, 2004; Vice
President-Trustee Reporting from
April, 2002 to October, 2004;
Management Consultant,
PricewaterhouseCoopers (independent
registered public accounting firm)
prior to October, 2002.
27
YEAR FIRST
ELECTED OR
APPOINTED PRINCIPAL OCCUPATION(S)
NAME AND YEAR OF BIRTH POSITION WITH FUNDS TO OFFICE DURING PAST FIVE YEARS
---------------------- ------------------------------------ ---------- ------------------------------------
Peter T. Fariel Assistant Secretary 2006 Associate General Counsel, Bank of
(Born 1957) America since April, 2005; Partner,
Goodwin Procter LLP (law firm) prior
to April, 2005.
Ryan C. Larrenaga Assistant Secretary 2005 Assistant General Counsel, Bank of
(Born 1970) America since March, 2005;
Associate, Ropes & Gray LLP (law
firm) from 1998 to February, 2005.
Barry S. Finkle Assistant Treasurer 2003 Senior Manager and Head of Fund
(Born 1965) Performance of the Advisor since
January, 2001.
Julian Quero Assistant Treasurer 2003 Senior Compliance Manager of the
(Born 1967) Advisor since April, 2002; Assistant
Vice President of Taxes and
Distributions of the Advisor from
2001 to April, 2002.
Each of the Fund's Trustees and officers hold comparable positions with certain
other funds of which the Advisor or its affiliates is the investment advisor or
distributor and, in the case of certain of the officers, with certain affiliates
of the Advisor.
28
APPENDIX B.1 -- TRUSTEES' COMPENSATION
For the calendar year ended December 31, 2005, the Trustees received the
following compensation for serving as Trustees:
PENSION OR RETIREMENT TOTAL COMPENSATION FROM THE
BENEFITS ACCRUED AS PART FUND COMPLEX PAID TO THE
DISINTERESTED TRUSTEES OF FUND EXPENSES(1) TRUSTEES
---------------------- ------------------------ ---------------------------
Douglas A. Hacker N/A $111,277
Janet Langford Kelly N/A $116,500
Richard W. Lowry(2) N/A $142,500
Charles R. Nelson N/A $111,500
John J. Neuhauser(2) N/A $137,833
Patrick J. Simpson(3) N/A $107,500
Thomas E. Stitzel N/A $113,000
Thomas C. Theobald(3) N/A $205,500
Anne-Lee Verville N/A $120,723
Richard L. Woolworth N/A $106,500
INTERESTED TRUSTEE
-----------------------
William E. Mayer(2) N/A $147,750
(1) The Funds do not currently provide pension or retirement plan benefits to
the Trustees.
(2) In addition to receiving compensation for their services as Trustees of the
Columbia Funds, Messrs. Lowry, Neuhauser and Mayer received compensation for
services as trustees/directors of the Liberty All-Star Funds, two closed-end
funds managed by an affiliate of Columbia Management (the "All-Star Funds").
(3) During the calendar year ended December 31, 2005, Mr. Simpson deferred
$107,500 of his total compensation pursuant to a deferred compensation plan
and Mr. Theobald deferred $150,000 of his total compensation pursuant to a
deferred compensation plan.
29
APPENDIX B.2 -- TRUSTEES' COMPENSATION
For the fiscal year ended November 30, 2005, the Trustees received from each
Fund the following compensation for serving as Trustees:
AGGREGATE AGGREGATE AGGREGATE AGGREGATE AGGREGATE AGGREGATE
COMPENSATION COMPENSATION COMPENSATION COMPENSATION COMPENSATION COMPENSATION
DISINTERESTED TRUSTEES FROM CHIMT FROM CIGMT FROM CIITI FROM CCAIMF FROM CIMF FROM CMIT
---------------------- ------------ ------------ ------------ ------------ ------------ ------------
Douglas A. Hacker $1,072 $ 793 $ 614 $533 $ 604 $ 919
Janet Langford Kelly $1,141 $ 844 $ 654 $568 $ 643 $ 979
Richard W. Lowry $ 955 $ 707 $ 547 $475 $ 538 $ 819
Charles R. Nelson $1,051 $ 777 $ 602 $523 $ 592 $ 901
John J. Neuhauser $ 975 $ 721 $ 559 $485 $ 550 $ 837
Patrick J. Simpson(a) $1,013 $ 749 $ 580 $504 $ 571 $ 869
Thomas E. Stitzel $1,098 $ 812 $ 629 $546 $ 618 $ 942
Thomas C. Theobald(b) $1,989 $1,556 $1,143 $992 $1,123 $1,707
Anne-Lee Verville $1,145 $ 847 $ 656 $570 $ 646 $ 983
Richard L. Woolworth $1,023 $ 756 $ 586 $509 $ 576 $ 877
INTERESTED TRUSTEE
-----------------------------------
William E. Mayer $1,090 $ 806 $ 625 $542 $ 614 $ 935
AGGREGATE
COMPENSATION
DISINTERESTED TRUSTEES FROM CIHIF
---------------------- ------------
Douglas A. Hacker $ 558
Janet Langford Kelly $ 594
Richard W. Lowry $ 498
Charles R. Nelson $ 547
John J. Neuhauser $ 508
Patrick J. Simpson(a) $ 528
Thomas E. Stitzel $ 571
Thomas C. Theobald(b) $1,040
Anne-Lee Verville $ 597
Richard L. Woolworth $ 532
INTERESTED TRUSTEE
-----------------------------------
William E. Mayer $ 568
(a) During the fiscal year ended November 30, 2005, Mr. Simpson deferred $1,013
from CHIMT, $749 from CIGMT, $580 from CIITI, $504 from CCAIMF, $571 from
CIMF, $869 from CMIT and $528 from CIHIF in each case pursuant to a deferred
compensation plan.
(b) During the fiscal year ended November 30, 2005, Mr. Theobald deferred
$1,169.00 from CHIMT, $865 from CIGMT, $671 from CIITI, $583 from CCAIMF,
$1,041 from CIMF, $1,003 from CMIT and $611 from CIHIF in each case pursuant
to a deferred compensation plan.
30
APPENDIX C -- TRUSTEE SHARE OWNERSHIP
The following table shows the dollar range of equity securities beneficially
owned by each Trustee as of December 31, 2005 (i) in each of the Funds and (ii)
in all Funds overseen by the Trustees in the Columbia Fund Complex.
DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE DOLLAR RANGE
OF EQUITY OF EQUITY OF EQUITY OF EQUITY OF EQUITY OF EQUITY
SECURITIES SECURITIES SECURITIES SECURITIES SECURITIES SECURITIES
OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE OWNED IN THE
CCAIMF CHIMT CIMF CIITI CIHIF CIGMT
------------- ------------- ------------- ------------- ------------- -------------
DISINTERESTED
TRUSTEES
Douglas A. Hacker $0 $0 $0 $0 $0 $0
Janet Langford Kelly $0 $0 $0 $0 $0 $0
Richard W. Lowry(a) $0 $0 $0 $0 $0 $0
Charles R. Nelson $0 $0 $0 $0 $0 $0
John J. Neuhauser(a) $0 $0 $0 $0 $0 $0
Patrick J. Simpson $0 $0 $0 $0 $0 $0
Thomas E. Stitzel $0 $0 $0 $0 $0 $0
Thomas C. Theobald $0 $0 $0 $0 $0 $0
Anne-Lee Verville(b) $0 $0 $0 $0 $0 $0
Richard L. Woolworth $0 $0 $0 $0 $0 $0
INTERESTED TRUSTEE
William E. Mayer(a) $0 $0 $0 $0 $0 $0
DOLLAR RANGE DOLLAR RANGE AGGREGATE DOLLAR RANGE
OF EQUITY OF EQUITY OF EQUITY SECURITIES IN
SECURITIES SECURITIES ALL FUNDS OVERSEEN
OWNED IN THE OWNED IN THE BY TRUSTEE IN
CMIT CNYIMF FUND COMPLEX
------------- ------------- -----------------------
DISINTERESTED
TRUSTEES
Douglas A. Hacker $0 $0 Over $100,000
Janet Langford Kelly $0 $0 Over $100,000
Richard W. Lowry(a) $0 $0 Over $100,000
Charles R. Nelson $0 $0 Over $100,000
John J. Neuhauser(a) $0 $0 Over $100,000
Patrick J. Simpson $0 $0 Over $100,000
Thomas E. Stitzel $0 $0 Over $100,000
Thomas C. Theobald $0 $0 Over $100,000
Anne-Lee Verville(b) $0 $0 Over $100,000
Richard L. Woolworth $0 $0 Over $100,000
INTERESTED TRUSTEE
William E. Mayer(a) $0 $0 $50,001-$100,000
(a) Messrs. Lowry, Mayer and Neuhauser also serves as trustees/directors of the
All-Star Funds.
(b) Ms. Verville's share ownership is held in her deferred compensation plan.
TRUSTEE POSITIONS
As of December 31, 2005, no disinterested Trustee or any of his or her immediate
family members owned beneficially or of record any class of securities of
Columbia Management Advisors, LLC, or any person controlling, controlled by or
under common control with Columbia Management Advisors, LLC.
31
APPENDIX D -- SHARES OUTSTANDING AND ENTITLED TO VOTE
As of the close of business on March 10, 2006 the Funds had outstanding and
entitled to vote at the Meeting the following shares of beneficial interest:
FUND COMMON SHARES PREFERRED SHARES
---- ------------- ----------------
CCAIMF 2,780,771 978
CHIMT 31,191,047 4,800
CIMF 4,252,859 1,492
CIITI 11,009,000 N/A
CIHIF 21,003,496 N/A
CIGMT 31,191,047 2,400
CMIT 27,741,654 3,600
32
APPENDIX E -- OWNERSHIP OF SHARES
As of the close of business on March 10, 2006, the following persons were known
to own beneficially or of record more than 5% of the outstanding securities of
any class of each of the following Funds:
# OF % OF CLASS
CLASS OF NAME AND ADDRESS SHARES OF SHARES
FUND SHARES OF BENEFICIAL OWNER OWNED OWNED
------ -------- ------------------------ ---------- ----------
CCAIMF Common Cede & Co. 2,708,060 97.39%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CHIMT Common Cede & Co. 28,198,148 90.40%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CIMF Common Cede & Co. 4,171,889 98.10%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CIITI Common Cede & Co. 9,997,246 90.81%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CIHIF Common Cede & Co. 19,542,845 93.05%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CIGMT Common Cede & Co. 10,309,057 89.57%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
CMIT Common Cede & Co. 23,985,863 86.46%
C/O Depository Trust
Company
Box 20
New York, NY 10004-9998
33
APPENDIX F -- GOVERNANCE COMMITTEE CHARTER
COLUMBIA FUNDS
Governance Committee Charter
(Adopted October 12, 2005)
1. The Governance Committee (the "Committee") of the Columbia Funds (the
"Funds") shall be composed entirely of members of the Board of the Funds who
are not affiliated with the Funds' investment advisor, sub-advisors or
principal underwriter.
2. The functions of the Committee are:
(a) To make nominations for independent trustee membership on the Board of
Trustees when necessary and to consider candidates proposed for the
Board of Trustees by shareholders of the Funds;
(b) To review periodically Board governance practices and procedures and
any recommendations of the Chief Compliance Officer of the Funds
relating thereto, and to recommend to the Board any changes it may deem
appropriate;
(c) To review periodically trustee compensation and to recommend to the
independent trustees any changes it may deem appropriate;
(d) To review committee assignments on an annual basis;
(e) To review on an annual basis the responsibilities and charter of each
committee of the Board, whether there is continuing need for each
committee, whether there is a need for additional committees of the
Board, and whether committees should be combined or reorganized, and to
make recommendations for any such action to the Board;
(f) To plan and administer the Board's annual self-evaluation process;
(g) To evaluate on at least an annual basis the independence of counsel to
the independent trustees, to make recommendations to the independent
trustees regarding their determination of such counsel's status as an
"independent legal counsel" under applicable SEC rules, and to
supervise such counsel; and
(h) To determine the allocation of responsibility for oversight of the
Funds among the various Investment Oversight Committees.
3. The Committee shall meet as frequently and at such times as circumstances
dictate. Minutes shall be kept of the Committee's meetings.
34
4. The Committee shall have the resources and authority appropriate to discharge
its responsibilities, including authority to retain special counsel and other
experts or consultants at the expense of the appropriate Fund.
5. The Committee shall review this charter at least annually and recommend to
the Board any changes it deems appropriate.
35
(This Page Intentionally Left Blank)
(This Page Intentionally Left Blank)
002CS-10449
[BAR CODE]
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COLONIAL CALIFORNIA INSURED
MUNICIPAL FUND
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MR A SAMPLE
DESIGNATION (IF ANY)
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ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT FOUR TRUSTEES. (Item 1(d) of Notice)
FOR WITHHOLD
01 - Richard W. Lowry [ ] [ ]
02 - William E. Mayer [ ] [ ]
03 - Charles R. Nelson [ ] [ ]
04 - Richard L. Woolworth [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
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B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0090221 1UPX COY +
PROXY - COLONIAL CALIFORNIA INSURED MUNICIPAL FUND
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial California Insured Municipal Fund (the "Fund") to be
held in Boston, Massachusetts, on Wednesday, May 24, 2006, and at any
adjournments thereof, all of the shares of the Fund that the undersigned would
be entitled to vote if personally present, as follows on the reverse side of
this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
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MUNICIPAL TRUST
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changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT TWO TRUSTEES. (Item 1(a) of Notice)
FOR WITHHOLD
01 - Janet Langford Kelly [ ] [ ]
02 - Anne-Lee Verville [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0090221 1UPX COY +
PROXY - COLONIAL HIGH INCOME MUNICIPAL TRUST
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial High Income Municipal Trust (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
+
COLONIAL INSURED MUNICIPAL FUND
[BAR CODE]
MR A SAMPLE
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C 1234567890 JNT
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[ ] Mark this box with an X if you have made
changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT FOUR TRUSTEES. (Item 1(e) of Notice)
FOR WITHHOLD
01 - Richard W. Lowry [ ] [ ]
02 - William E. Mayer [ ] [ ]
03 - Charles R. Nelson [ ] [ ]
04 - Richard L. Woolworth [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0080411 1UPX COY +
PROXY - COLONIAL INSURED MUNICIPAL FUND
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Insured Municipal Fund (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
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COLONIAL INTERMARKET
INCOME TRUST I
[BAR CODE]
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C 1234567890 J N T
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changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT FOUR TRUSTEES. (Item 1(c) of Notice)
FOR WITHHOLD
01 - Janet Langford Kelly [ ] [ ]
02 - Douglas A. Hacker [ ] [ ]
03 - Charles R. Nelson [ ] [ ]
04 - Patrick J. Simpson [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0081901 1UPX COY +
PROXY - COLONIAL INTERMARKET INCOME TRUST I
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Intermarket Income Trust I (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
+
COLONIAL INTERMEDIATE HIGH
INCOME FUND
[BAR CODE]
MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
ADD 3
ADD 4
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ADD 6
[BAR CODE]
000004
LEAST ADDRESS LINE
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
C 1234567890 JNT
[BAR CODE]
[ ] Mark this box with an X if you have made
changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT THREE TRUSTEES. (Item 1(g) of Notice)
FOR WITHHOLD
01 - Janet Langford Kelly [ ] [ ]
02 - Douglas A. Hacker [ ] [ ]
03 - John J. Neuhauser [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0081341 1UPX COY +
PROXY - COLONIAL INTERMEDIATE HIGH INCOME FUND
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Intermediate High Income Fund (the "Fund") to be held
in Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
+
COLONIAL INVESTMENT GRADE
MUNICIPAL TRUST
[BAR CODE]
MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
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000000000.000 ext
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000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
C 1234567890 JNT
[BAR CODE]
[ ] Mark this box with an X if you have made
changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT TWO TRUSTEES. (Item 1(b) of Notice)
FOR WITHHOLD
01 - Janet Langford Kelly [ ] [ ]
02 - Patrick J. Simpson [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0081911 1UPX COY +
PROXY - COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Investment Grade Municipal Trust (the "Fund") to be
held in Boston, Massachusetts, on Wednesday, May 24, 2006, and at any
adjournments thereof, all of the shares of the Fund that the undersigned would
be entitled to vote if personally present, as follows on the reverse side of
this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
[BAR CODE]
+
COLONIAL MUNICIPAL INCOME TRUST
[BAR CODE]
MR A SAMPLE
DESIGNATION (IF ANY)
ADD 1
ADD 2
ADD 3
ADD 4
ADD 5
ADD 6
[BAR CODE]
000004
LEAST ADDRESS LINE
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
000000000.000 ext
C 1234567890 JNT
[BAR CODE]
[ ] Mark this box with an X if you have made
changes to your name or address details above.
ANNUAL MEETING PROXY CARD
A ELECTION OF TRUSTEES
1. TO ELECT FOUR TRUSTEES. (Item 1(f) of Notice)
FOR WITHHOLD
01 - Janet Langford Kelly [ ] [ ]
02 - Charles R. Nelson [ ] [ ]
03 - Patrick J. Simpson [ ] [ ]
04 - Richard L. Woolworth [ ] [ ]
2. IN THEIR DISCRETION, UPON SUCH OTHER MATTERS
AS MAY PROPERLY COME BEFORE THE MEETING OR
ANY ADJOURNMENT THEREOF.
Mark this box with an X if
you have made comments below. [ ]
----------------------------------
----------------------------------
----------------------------------
B AUTHORIZED SIGNATURES - SIGN HERE - THIS SECTION MUST BE COMPLETED FOR YOUR
INSTRUCTIONS TO BE EXECUTED.
Please sign exactly as name(s) appear(s) hereon. Joint owners should each sign
personally. When signing as attorney, executor, administrator, trustee or
guardian, please give full title as such. If a corporation, please sign in
corporate name by President or other authorized officer. If a partnership,
please sign in partnership name by authorized person.
Signature 1 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Signature 2 - Please keep signature within the box
--------------------------------------------------
--------------------------------------------------
Date (mm/dd/yyyy)
--------------------------------------------------
[ ][ ]/[ ][ ]/[ ][ ][ ][ ]
--------------------------------------------------
[ ] 0082881 1UPX COY +
PROXY - COLONIAL MUNICIPAL INCOME TRUST
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned, with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Municipal Income Trust (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE. THIS
PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDER AS TO ANY OTHER MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN THE ENCLOSED
ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
Please detach at perforation before mailing.
PROXY COLONIAL INVESTMENT GRADE MUNICIPAL TRUST PROXY
MUNICIPAL AUCTION RATE
CUMULATIVE PREFERRED SHARES
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Investment Grade Municipal Trust (the "Fund") to be
held in Boston, Massachusetts, on Wednesday, May 24, 2006, and at any
adjournments thereof, all of the shares of the Fund that the undersigned would
be entitled to vote if personally present, as follows on the reverse side of
this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE.
THIS PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDERS AS TO ANY OTHER
MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
Please sign exactly as name(s) appear(s)
hereon. Joint owners should each sign
personally. When signing as attorney,
executor, administrator, trustee or
guardian, please give full title as
such. If a corporation, please sign in
corporate name by President or other
authorized officer. If a partnership,
please sign in partnership name by
authorized person.
----------------------------------------
Signature
----------------------------------------
Signature (if held jointly)
----------------------------------------
Date CPF_16288_A
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN
THE ENCLOSED ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
COLONIAL INVESTMENT GRADE MUNICIPAL TRUST
Please detach at perforation before mailing.
TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD.
PLEASE MARK VOTES AS IN THIS EXAMPLE: [ ]
1. ELECTION OF TWO TRUSTEES: WITHHELD
(ITEM 1(B) OF NOTICE) FOR FROM FOR
ALL ALL ALL
01 Douglas A. Hacker 02 Thomas E. Stitzel NOMINEES NOMINEES EXCEPT
To withhold authority to vote "FOR" any
individual nominee, mark the "FOR ALL
EXCEPT" box and write the nominee's
number(s) on the line provided below. [ ] [ ] [ ]
____________________________________________
2. In their discretion, upon such other matters
as may properly come before the meeting or
any adjournments thereof.
Mark this box with an X if you have made comments
below. [ ]
_________________________________________________
_________________________________________________
CPF_16288_A
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
Please detach at perforation before mailing.
PROXY COLONIAL MUNICIPAL INCOME TRUST PROXY
MUNICIPAL AUCTION RATE
CUMULATIVE PREFERRED SHARES
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Municipal Income Trust (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE.
THIS PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDERS AS TO ANY OTHER
MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
Please sign exactly as name(s) appear(s)
hereon. Joint owners should each sign
personally. When signing as attorney,
executor, administrator, trustee or
guardian, please give full title as
such. If a corporation, please sign in
corporate name by President or other
authorized officer. If a partnership,
please sign in partnership name by
authorized person.
----------------------------------------
Signature
----------------------------------------
Signature (if held jointly)
----------------------------------------
Date CPF_16288_B
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN
THE ENCLOSED ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
COLONIAL MUNICIPAL INCOME TRUST
Please detach at perforation before mailing.
TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD.
PLEASE MARK VOTES AS IN THIS EXAMPLE: [ ]
1. ELECTION OF TWO TRUSTEES: WITHHELD
(ITEM 1(F) OF NOTICE) FOR FROM FOR
ALL ALL ALL
01 Douglas A. Hacker 02 Thomas E. Stitzel NOMINEES NOMINEES EXCEPT
To withhold authority to vote "FOR" any
individual nominee, mark the "FOR ALL
EXCEPT" box and write the nominee's
number(s) on the line provided below. [ ] [ ] [ ]
____________________________________________
2. In their discretion, upon such other matters
as may properly come before the meeting or
any adjournments thereof.
Mark this box with an X if you have made comments
below. [ ]
_________________________________________________
_________________________________________________
CPF_16288_B
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
Please detach at perforation before mailing.
PROXY COLONIAL INSURED MUNICIPAL FUND PROXY
MUNICIPAL AUCTION RATE
CUMULATIVE PREFERRED SHARES
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial Insured Municipal Fund (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE.
THIS PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDERS AS TO ANY OTHER
MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
Please sign exactly as name(s) appear(s)
hereon. Joint owners should each sign
personally. When signing as attorney,
executor, administrator, trustee or
guardian, please give full title as
such. If a corporation, please sign in
corporate name by President or other
authorized officer. If a partnership,
please sign in partnership name by
authorized person.
----------------------------------------
Signature
----------------------------------------
Signature (if held jointly)
----------------------------------------
Date CPF_16288_C
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN
THE ENCLOSED ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
COLONIAL INSURED MUNICIPAL FUND
Please detach at perforation before mailing.
TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD.
PLEASE MARK VOTES AS IN THIS EXAMPLE: [ ]
1. ELECTION OF TWO TRUSTEES: WITHHELD
(ITEM 1(E) OF NOTICE) FOR FROM FOR
ALL ALL ALL
01 Douglas A. Hacker 02 Thomas E. Stitzel NOMINEES NOMINEES EXCEPT
To withhold authority to vote "FOR" any
individual nominee, mark the "FOR ALL
EXCEPT" box and write the nominee's
number(s) on the line provided below. [ ] [ ] [ ]
____________________________________________
2. In their discretion, upon such other matters
as may properly come before the meeting or
any adjournments thereof.
Mark this box with an X if you have made comments
below. [ ]
_________________________________________________
_________________________________________________
CPF_16288_C
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
Please detach at perforation before mailing.
PROXY COLONIAL HIGH INCOME MUNICIPAL TRUST PROXY
MUNICIPAL AUCTION RATE
CUMULATIVE PREFERRED SHARES
(SERIES T SHARES AND SERIES W SHARES)
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial High Income Municipal Trust (the "Fund") to be held in
Boston, Massachusetts, on Wednesday, May 24, 2006, and at any adjournments
thereof, all of the shares of the Fund that the undersigned would be entitled to
vote if personally present, as follows on the reverse side of this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE.
THIS PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDERS AS TO ANY OTHER
MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
Please sign exactly as name(s) appear(s)
hereon. Joint owners should each sign
personally. When signing as attorney,
executor, administrator, trustee or
guardian, please give full title as
such. If a corporation, please sign in
corporate name by President or other
authorized officer. If a partnership,
please sign in partnership name by
authorized person.
----------------------------------------
Signature
----------------------------------------
Signature (if held jointly)
----------------------------------------
Date CPF_16288_D
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN
THE ENCLOSED ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
COLONIAL HIGH INCOME MUNICIPAL TRUST
Please detach at perforation before mailing.
TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD.
PLEASE MARK VOTES AS IN THIS EXAMPLE: [ ]
1. ELECTION OF TWO TRUSTEES: WITHHELD
(ITEM 1(A) OF NOTICE) FOR FROM FOR
ALL ALL ALL
01 Douglas A. Hacker 02 Thomas E. Stitzel NOMINEES NOMINEES EXCEPT
To withhold authority to vote "FOR" any
individual nominee, mark the "FOR ALL
EXCEPT" box and write the nominee's
number(s) on the line provided below. [ ] [ ] [ ]
____________________________________________
2. In their discretion, upon such other matters
as may properly come before the meeting or
any adjournments thereof.
Mark this box with an X if you have made comments
below. [ ]
_________________________________________________
_________________________________________________
CPF_16288_D
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
Please detach at perforation before mailing.
PROXY COLONIAL CALIFORNIA INSURED MUNICIPAL TRUST PROXY
MUNICIPAL AUCTION RATE
CUMULATIVE PREFERRED SHARES
THIS PROXY SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES
The undersigned shareholder hereby appoints James R. Bordewick, Jr., Michael G.
Clarke, Ryan C. Larrenaga, J. Kevin Connaughton and Christopher L. Wilson, each
of them proxies of the undersigned with power of substitution to each, and
hereby authorizes each of them to represent and to vote at the Annual Meeting of
Shareholders of Colonial California Insured Municipal Trust (the "Fund") to be
held in Boston, Massachusetts, on Wednesday, May 24, 2006, and at any
adjournments thereof, all of the shares of the Fund that the undersigned would
be entitled to vote if personally present, as follows on the reverse side of
this card.
THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN
AND, ABSENT DIRECTION, WILL BE VOTED FOR THE ITEMS ON THE REVERSE SIDE.
THIS PROXY WILL BE VOTED IN THE DISCRETION OF THE HOLDERS AS TO ANY OTHER
MATTER.
THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE FOLLOWING ITEMS SET FORTH ON THE
REVERSE SIDE.
Please sign exactly as name(s) appear(s)
hereon. Joint owners should each sign
personally. When signing as attorney,
executor, administrator, trustee or
guardian, please give full title as
such. If a corporation, please sign in
corporate name by President or other
authorized officer. If a partnership,
please sign in partnership name by
authorized person.
----------------------------------------
Signature
----------------------------------------
Signature (if held jointly)
----------------------------------------
Date CPF_16288_E
PLEASE VOTE, DATE AND SIGN ON REVERSE AND RETURN PROMPTLY IN
THE ENCLOSED ENVELOPE.
EVERY SHAREHOLDER'S VOTE IS IMPORTANT
COLONIAL CALIFORNIA INSURED MUNICIPAL TRUST
Please detach at perforation before mailing.
TO VOTE BY MAIL, PLEASE COMPLETE AND RETURN THIS CARD.
PLEASE MARK VOTES AS IN THIS EXAMPLE: [ ]
1. ELECTION OF TWO TRUSTEES: WITHHELD
(ITEM 1(D) OF NOTICE) FOR FROM FOR
ALL ALL ALL
01 Douglas A. Hacker 02 Thomas E. Stitzel NOMINEES NOMINEES EXCEPT
To withhold authority to vote "FOR" any
individual nominee, mark the "FOR ALL
EXCEPT" box and write the nominee's
number(s) on the line provided below. [ ] [ ] [ ]
____________________________________________
2. In their discretion, upon such other matters
as may properly come before the meeting or
any adjournments thereof.
Mark this box with an X if you have made comments
below. [ ]
_________________________________________________
_________________________________________________
CPF_16288_E