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EXHIBIT (a) (6)
Text of Press Release Dated July 28, 2000
NEWS RELEASE
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION CONTACT:
James J. Boyne or Ian J. McPheron
800/225-2222 800/225-2222
Ext. 6327 Ext. 6845z
VAN KAMPEN PRIME RATE INCOME TRUST
COMPLETES TENDER OFFER FOR ITS COMMON SHARES
CHICAGO (July 28, 2000) -- Van Kampen Prime Rate Income Trust
announced today the final results of its tender offer its outstanding common
shares of beneficial interest. The offer expired at 12:00 Midnight, Eastern
Standard Time, on July 14, 2000.
The Trust said that 46,317,141 common shares, as of the expiration of
the tender offer, were validly tendered through the stated expiration date. All
46,317,141 common shares tendered were purchased at a price of $9.51 per common
share, the net asset value at the time the offer expired. Payment for the
shares purchased was mailed prior to the date hereof.
As indicated in the Trust's current prospectus, the Board of Trustees of
the Trust currently intends, each quarter, to consider authorizing the Trust to
make a tender offer for its common shares in order to attempt to provide
liquidity to its investors.
The Trust commenced operations on October 5, 1989 and had total net
assets of approximately $6,876,000,000 as of July 14, 2000.
Van Kampen Prime Rate Income Trust is advised and distributed by
subsidiaries of Van Kampen Investments Inc. ("Van Kampen"), a diversified asset
management company with more than two million retail investor accounts,
extensive capabilities for managing institutional portfolios, and more than $100
billion under management or supervision, as of June 30, 2000. Van Kampen's
more than 50 open-end and 39 closed-end funds and more than 2,700 unit
investment trusts are professionally distributed by leading financial advisers
nationwide. Van Kampen is an indirect wholly owned subsidiary of Morgan Stanley
Dean Witter & Co.
