Van Kampen High Income Trust II (the "Fund") (NYSE: VLT) hereby announces the at par redemption of a portion of its preferred shares. The announced partial redemption totals $15.0 million of the total outstanding preferred shares issued by the Fund. The amount of preferred shares being redeemed at this time is approximately 23 percent of the preferred shares outstanding for the Fund.
With respect to this partial redemption, The Depository Trust Company (DTC), the securities' holder of record, will determine how the partial series redemptions will be allocated among each participant broker-dealer account. Each participant broker-dealer, as nominee for underlying beneficial owners (street name shareholders), in turn will determine how redeemed shares are to be allocated among its underlying beneficial owners. The procedures used by various broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.
Redemption Schedule
Van Kampen High Income Trust II (NYSE:VLT)
Series |  | CUSIP Number |  | # of Shares Redeemed |  | Amount Redeemed |  | Redemption Date |
A |  | 920-913-308 |  | 255 |  | $6,375,000 |  | September 30, 2008 |
B |  | 920-913-407 |  | 345 |  | $8,625,000 |  | October 10, 2008 |
Van Kampen Asset Management, the Fund's investment adviser, is a wholly owned subsidiary of Van Kampen Investments Inc. ("Van Kampen"). Van Kampen is one of the nation's largest investment management companies, with approximately $123 billion in assets under management or supervision, as of August 31, 2008. With roots in money management dating back to 1927, Van Kampen has helped nearly four generations of investors achieve their financial goals. For more information, visit Van Kampen's website at www.vankampen.com.
Copyright ©2008 Van Kampen Funds Inc. All Rights Reserved. Member FINRA/SIPC.