Invesco Advisers Announces Portfolio Management Changes for Invesco High Income Trust II
Invesco Advisers has announced portfolio management changes for Invesco High Income Trust II (NYSE: VLT), effective June 1, 2021. Niklas Nordenfelt, with prior experience at Wells Fargo Asset Management, and Rahim Shad, who has been with Invesco since 2009, will jointly manage the fund's portfolio. This change reflects a strategic shift aimed at enhancing management oversight and investment strategies. Invesco Ltd. managed $1.4 trillion in assets as of March 31, 2021.
- Niklas Nordenfelt brings previous experience from Wells Fargo Asset Management, potentially enhancing investment strategies.
- Rahim Shad's long tenure at Invesco may ensure continuity and stability in management.
- The change in management could raise concerns regarding the continuity of investment strategies.
- Nordenfelt's relatively short association with Invesco since 2020 presents potential experience gaps.
ATLANTA, May 20, 2021 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today portfolio management changes for Invesco High Income Trust II (NYSE: VLT):
Effective June 1, 2021, the following individuals are jointly and primarily responsible for the day-to-day management of Invesco High Income Trust II's portfolio:
- Niklas Nordenfelt, CFA, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2020. Prior to 2020, he was associated with Wells Fargo Asset Management where he served as a Managing Director, Senior Portfolio Manager and Co-Head of US High Yield.
- Rahim Shad, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2009.
Manager Inception Date:
Niklas Nordenfelt | Rahim Shad | |
VLT | 2020 | 2021 |
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For more information, call 1-800-341-2929.
About Invesco Ltd.
Invesco Ltd. 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
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
—Invesco—
CONTACT: Jeaneen Terrio 212-278-9205; Jeaneen.Terrio@invesco.com
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SOURCE Invesco Ltd.
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