Invesco Advisers, Inc. Announces Termination and Liquidation of Invesco High Income 2024 Target Term Fund
Invesco Advisers has completed the termination and liquidation of Invesco High Income 2024 Target Term Fund (IHTA) on December 2, 2024. The fund, launched in December 2017, failed to meet its objective of returning the original NAV of $9.835 per share, instead returning $7.57 per share as its liquidating distribution plus a final distribution of $0.1471 per share. Since inception, the fund paid 83 regular distributions totaling $3.35 per share, achieving an average distribution rate of 4.93% on Original NAV. The annualized total return on NAV was 2.12%, while the total return on market price was 1.86%.
Invesco Advisers ha completato la cessazione e liquidazione dell'Invesco High Income 2024 Target Term Fund (IHTA) il 2 dicembre 2024. Il fondo, lanciato nel dicembre 2017, non è riuscito a raggiungere il suo obiettivo di restituire il NAV originale di $9.835 per azione, restituendo invece $7.57 per azione come distribuzione di liquidazione più una distribuzione finale di $0.1471 per azione. Dalla sua creazione, il fondo ha pagato 83 distribuzioni regolari per un totale di $3.35 per azione, raggiungendo un tasso medio di distribuzione del 4.93% sul NAV originale. Il rendimento totale annualizzato sul NAV è stato del 2.12%, mentre il rendimento totale sul prezzo di mercato è stato dell'1.86%.
Invesco Advisers ha completado la terminación y liquidación del Invesco High Income 2024 Target Term Fund (IHTA) el 2 de diciembre de 2024. El fondo, lanzado en diciembre de 2017, no logró cumplir con su objetivo de devolver el NAV original de $9.835 por acción, devolviendo en cambio $7.57 por acción como su distribución de liquidación más una distribución final de $0.1471 por acción. Desde su inicio, el fondo pagó 83 distribuciones regulares que totalizan $3.35 por acción, alcanzando una tasa de distribución promedio del 4.93% sobre el NAV original. El rendimiento total anualizado sobre el NAV fue del 2.12%, mientras que el rendimiento total sobre el precio de mercado fue del 1.86%.
인베스코 어드바이저스는 2024년 12월 2일 인베스코 하이 인컴 2024 타겟 텀 펀드(IHTA)의 종료 및 청산을 완료했습니다. 2017년 12월에 출시된 이 펀드는 주당 원래 NAV인 $9.835를 반환하는 목표를 달성하지 못하고, 대신 $7.57의 청산 분배와 $0.1471의 최종 분배를 제공했습니다. 시작 이후 이 펀드는 총 $3.35에 해당하는 83회의 정기적인 분배를 지급했으며, 원래 NAV에 대한 평균 분배 비율은 4.93%에 달했습니다. NAV에 대한 연환산 총 수익률은 2.12%, 시장 가격에 대한 총 수익률은 1.86%였습니다.
Invesco Advisers a achevé la cessation et la liquidation du Invesco High Income 2024 Target Term Fund (IHTA) le 2 décembre 2024. Le fonds, lancé en décembre 2017, n'a pas réussi à atteindre son objectif de restituer le NAV original de 9,835 $ par action, restituant plutôt 7,57 $ par action en tant que distribution de liquidation, ainsi qu'une distribution finale de 0,1471 $ par action. Depuis sa création, le fonds a versé 83 distributions régulières totalisant 3,35 $ par action, atteignant un taux de distribution moyen de 4,93 % sur le NAV original. Le rendement total annualisé sur le NAV était de 2,12 %, tandis que le rendement total sur le prix du marché était de 1,86 %.
Invesco Advisers hat die Beendigung und Liquidation des Invesco High Income 2024 Target Term Fund (IHTA) am 2. Dezember 2024 abgeschlossen. Der Fonds, der im Dezember 2017 gestartet wurde, konnte sein Ziel, den ursprünglichen NAV von $9.835 pro Aktie zurückzugeben, nicht erreichen und gab stattdessen $7.57 pro Aktie als seine liquidierende Verteilung sowie eine letzte Verteilung von $0.1471 pro Aktie zurück. Seit seiner Gründung hat der Fonds 83 reguläre Ausschüttungen von insgesamt $3.35 pro Aktie gezahlt und einen durchschnittlichen Ausschüttungssatz von 4.93% auf den ursprünglichen NAV erzielt. Der annualisierte Gesamtertrag auf den NAV betrug 2.12%, während der Gesamtertrag auf den Marktpreis 1.86% betrug.
- Maintained consistent distributions with 83 regular payments totaling $3.35 per share
- Achieved positive returns with 2.12% annualized total return on NAV
- Failed to meet target objective of returning original NAV of $9.835 per share
- Final liquidation value of $7.57 per share represents significant loss from original NAV
- Below-market returns with only 1.86% total return on market price
Insights
The termination and liquidation of Invesco High Income 2024 Target Term Fund marks a significant underperformance against its original objectives. The fund's final NAV of
This performance reflects broader challenges in the fixed-income market during the fund's lifecycle, particularly impacted by rising interest rates and credit market volatility. The outcome may influence investor confidence in similar target term products from Invesco and could affect the company's ability to launch comparable funds in the future.
The Fund launched on December 4, 2017 with the investment objectives to provide a high level of current income and to return
The Fund is returning to its shareholders a NAV of
Shareholders may recognize a gain or loss for
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 Ltd. managed
Invesco Distributors, Inc. is the
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: Matthew Chisum,
Matthew.Chisum@invesco.com, 212-652-4368
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SOURCE Invesco Ltd.
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