ATLANTA, Sept. 3,
2024 /PRNewswire/ --Invesco Advisers, Inc., a
subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that, on
August 29, 2024, shareholders of each
of the following Invesco closed-end funds (collectively, the
"Funds") approved amendments to the Funds' fundamental investment
restrictions required by federal securities laws and the removal of
certain non-standard fundamental investment restrictions not
required by federal securities laws:
|
Fund
Name
|
Ticker
|
|
Invesco Advantage
Municipal Income Trust II
|
VKI
|
|
Invesco Bond
Fund
|
VBF
|
|
Invesco California
Value Municipal Income Trust
|
VCV
|
|
Invesco High Income
Trust II
|
VLT
|
|
Invesco Municipal
Income Opportunities Trust
|
OIA
|
|
Invesco Municipal
Opportunity Trust
|
VMO
|
|
Invesco Municipal
Trust
|
VKQ
|
|
Invesco Pennsylvania
Value Municipal Income Trust
|
VPV
|
|
Invesco Quality
Municipal Income Trust
|
IQI
|
|
Invesco Senior Income
Trust
|
VVR
|
|
Invesco Trust for
Investment Grade Municipals
|
VGM
|
|
Invesco Trust for
Investment Grade New York Municipals
|
VTN
|
|
Invesco Value Municipal
Income Trust
|
IIM
|
The changes approved by shareholders are intended to standardize
the Funds' fundamental restrictions across the Invesco funds
complex and update the Funds' fundamental restrictions in line with
regulatory changes, providing the Funds with greater flexibility to
respond to market, industry, regulatory or technical changes and
innovations. Invesco believes that collectively, the approved
changes will benefit fund shareholders, as discussed in detail in
the Funds' proxy materials. The changes are not anticipated to
materially impact the way the Funds are currently managed and
operated and will take effect as soon as reasonably
practicable.
Below is a brief summary of the proposals approved by the
shareholders of the Funds. Detailed information about each proposal
is included in the full Joint Proxy Statement For Joint Annual
Meeting and Special Meeting of Shareholders of the Funds filed with
the Securities and Exchange Commission, which is available on its
website, sec.gov, or here.
|
Fund
|
Proposal
|
|
VKI, VCV, VMO, VKQ,
VPV, IQI, VVR, VGM,
VTN, IIM, VBF, OIA and VLT
|
To amend the
fundamental investment restriction regarding: (a) diversification
(for
each Fund listed with the exception of VPV), (b) borrowing, (c)
issuing senior
securities, (d) underwriting, (e) lending, (f) purchasing and
selling real estate, (g)
purchasing and selling commodities, and (h) industry
concentration
|
|
IQI, OIA, VKQ, VGM,
VCV, VKI, VBF, VLT,
VVR, VTN, VMO and VPV
|
To remove the
fundamental investment restriction regarding purchasing on
margin
|
|
IQI, OIA, VKQ, VCV,
VKI, VBF, VGM, VLT,
VVR, VTN, VMO and VPV
|
To remove the
fundamental investment restriction regarding making short
sales,
writing, purchasing or selling puts or calls or purchasing or
selling futures or options
|
|
IQI, OIA, VKQ, VGM,
VCV, VKI, VBF, VLT,
VVR, VTN, VMO and VPV
|
To remove the
fundamental investment restriction regarding investing for control
or
management
|
|
IQI, OIA and
VBF
|
To remove the
fundamental investment restriction regarding investing in
management-owned securities
|
|
VKQ, VCV, VGM, VKI,
VLT, VVR, VTN, VMO
and VPV
|
To remove the
fundamental investment restriction regarding investing in other
investment companies
|
|
IQI, OIA, VKQ, VCV,
VGM, VKI, VLT, VVR,
VTN, VMO and VPV
|
To remove the
fundamental investment restriction regarding investing in oil, gas
or
mineral exploration or development programs
|
|
IQI and OIA
|
To remove the
fundamental investment restriction regarding purchasing taxable
debt
|
|
IQI and OIA
|
To remove the
fundamental investment restriction regarding investing in
unseasoned companies
|
|
IQI and OIA
|
To remove the
fundamental investment restriction regarding investing in
common
stock
|
|
IQI and OIA
|
To remove the
fundamental investment restriction regarding pledging of
assets
|
|
OIA
|
To remove the
fundamental investment restriction regarding investing in
restricted
securities
|
|
VKQ, VCV, VTN and
VMO
|
To remove the
fundamental investment restriction regarding investing for
short-
term profit
|
|
VBF
|
To remove the
fundamental investment restriction regarding investing in
preferred
stock
|
|
VBF
|
To remove the
fundamental investment restriction regarding investing in debt
securities
|
|
VBF
|
To remove the
fundamental investment restriction regarding joint
trading
|
|
VVR
|
To remove the
fundamental investment restriction regarding investing in
investment companies with substantially the same investment
objective, policies
and restrictions as the Fund
|
For investor inquiries call 1-800-341-2929.
For media relations inquiries contact mediarelations@invesco.com
This communication is not intended to, and shall not,
constitute an offer to purchase or sell shares of any of the
Invesco Funds, including the Funds.
About Invesco Ltd.
Invesco Ltd. (NYSE: IVZ) is a
global independent investment management firm dedicated to
delivering an investment experience that helps people get more out
of life. Our distinctive investment teams deliver a comprehensive
range of active, passive and alternative investment capabilities.
With offices in more than 20 countries, Invesco managed
$1.7 trillion in assets on behalf of
clients worldwide as of June 30,
2024. For more information, visit www.invesco.com.
Invesco Distributors, Inc. is the U.S. distributor for Invesco
Ltd.'s retail products. Invesco Advisers, Inc. is an
investment adviser; it provides investment advisory services
to individual and institutional clients and does not
sell securities. Each entity is a
wholly owned indirect subsidiary of Invesco Ltd.
Note: There is no assurance that a closed-end fund
will achieve its investment objective. Common shares are bought on
the secondary market and may trade at a discount or premium to NAV.
Regular brokerage commissions apply.
NOT A DEPOSIT l NOT FDIC INSURED l
NOT GUARANTEED BY THE BANK | MAY
LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT
AGENCY
Media Relations Contact: Beverly
Khoo, beverly.khoo@invesco.com, 332-323-8029
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