Invesco Advisers Announces Portfolio Management Changes for Invesco High Income Trust II

Rhea-AI Summary

Invesco Advisers, Inc. announced significant portfolio management changes for Invesco High Income Trust II (NYSE: VLT), effective July 30, 2021. Niklas Nordenfelt, Rahim Shad, and Philip Susser will take joint responsibility for the fund's management. Nordenfelt has been with Invesco since 2020 and has extensive experience from Wells Fargo. Shad has been with the firm since 2009, while Susser joined in 2021 after two decades at Wells Fargo. These changes aim to enhance the management team amid evolving market conditions and investment strategies.

Positive

• New management team brings diverse experience from Wells Fargo and Invesco.
• Potential for fresh perspectives in portfolio management.

Negative

• Management change may cause concerns regarding continuity.
• Experience gaps may impact decision-making in the short term.

ATLANTA, July 29, 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 July 30, 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. From 2003 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.
  
  
• Philip Susser, Portfolio Manager, who has been associated with Invesco and/or its affiliates since 2021. From 2001 to 2021, he was associated with Wells Fargo Asset Management where he served as a Senior Portfolio Manager and co-head of US High Yield.

Manager Inception Date:

	Niklas Nordenfelt	Rahim Shad	Philip Susser
VLT	2020	2021	2021

__________________________________

For more information, call 1-800-341-2929.

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 Fund.

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 $1.5 trillion in assets on behalf of clients worldwide as of June 30, 2021. 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

—Invesco—

CONTACT:  Jeaneen Terrio 212-278-9205; Jeaneen.Terrio@invesco.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/invesco-advisers-announces-portfolio-management-changes-for-invesco-high-income-trust-ii-301343665.html

SOURCE Invesco Ltd.

FAQ

What management changes occurred for Invesco High Income Trust II (NYSE: VLT)?

Invesco Advisers announced that Niklas Nordenfelt, Rahim Shad, and Philip Susser will jointly manage the portfolio of Invesco High Income Trust II, effective July 30, 2021.

Who are the new portfolio managers for Invesco High Income Trust II?

The new portfolio managers are Niklas Nordenfelt, Rahim Shad, and Philip Susser, each bringing significant experience from their previous roles.

What is the background of Niklas Nordenfelt, the new portfolio manager?

Niklas Nordenfelt has been associated with Invesco since 2020 and previously served as Managing Director and Senior Portfolio Manager at Wells Fargo Asset Management.

What potential impact might the management changes have on Invesco High Income Trust II?

The management changes may bring new strategies and perspectives but could also raise concerns about continuity and experience gaps among the new team.