Invesco Advisers, Inc. Announces Changes to Fundamental Investment Restrictions for Certain Invesco Closed-End Funds

9/3/24 4:15:00 PM ET

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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 [email protected]

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, [email protected], 332-323-8029

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SOURCE Invesco Ltd.

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