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Invesco Closed-End Funds Pay Dividends

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Invesco High Income Trust II and Invesco Senior Income Trust have announced the payment of dividends with new distribution amounts, notably increasing the monthly dividend amount for common shareholders. The Funds have distributed more than their income and net realized capital gains, resulting in a return of capital to shareholders. The performance and distribution rates of both Funds have shown positive growth trends. Shareholders should be aware of the factors affecting the Funds' monthly distribution amounts and the potential risks involved in investing.

I fondi Invesco High Income Trust II e Invesco Senior Income Trust hanno annunciato il pagamento di dividendi con nuovi importi di distribuzione, aumentando significativamente l'importo mensile dei dividendi per gli azionisti comuni. I fondi hanno distribuito più dei loro proventi e realizzato utili in conto capitale, risultando in un ritorno di capitale agli azionisti. Le performance e i tassi di distribuzione di entrambi i fondi hanno mostrato tendenze di crescita positiva. Gli azionisti dovrebbero essere informati sui fattori che influenzano gli importi di distribuzione mensile dei fondi e sui potenziali rischi dell'investimento.
Invesco High Income Trust II e Invesco Senior Income Trust han anunciado el pago de dividendos con nuevos montos de distribución, incrementando notablemente el monto del dividendo mensual para los accionistas comunes. Los fondos han distribuido más que sus ingresos y ganancias de capital realizadas, resultando en una devolución de capital a los accionistas. El rendimiento y las tasas de distribución de ambos fondos han mostrado tendencias de crecimiento positivo. Los accionistas deberían estar al tanto de los factores que afectan los montos de distribución mensual de los fondos y de los riesgos potenciales de invertir.
Invesco High Income Trust II와 Invesco Senior Income Trust는 공통 주주를 위한 월 배당금을 눈에 띄게 증가시키며 새로운 분배 금액으로 배당금 지급을 발표했습니다. 이들 펀드는 수익과 실현된 자본 이득을 초과하여 배분하였으며, 이는 주주들에게 자본의 반환을 의미합니다. 두 펀드 모두 성과와 배당율이 긍정적인 성장 추세를 보여주고 있습니다. 주주들은 펀드의 월간 배당금 금액에 영향을 미치는 요소와 투자에 따른 잠재적 위험을 인식해야 합니다.
Invesco High Income Trust II et Invesco Senior Income Trust ont annoncé le paiement de dividendes avec de nouveaux montants de distribution, augmentant notablement le montant du dividende mensuel pour les actionnaires ordinaires. Les fonds ont distribué plus que leurs revenus et gains en capital réalisés, ce qui a résulté en un retour de capital aux actionnaires. La performance et les taux de distribution des deux fonds ont montré des tendances de croissance positive. Les actionnaires devraient être conscients des facteurs influençant les montants de distribution mensuelle des fonds et des risques potentiels liés à l'investissement.
Invesco High Income Trust II und Invesco Senior Income Trust haben die Auszahlung von Dividenden mit neuen Ausschüttungsbeträgen angekündigt, wobei insbesondere der monatliche Dividendenbetrag für Stammaktionäre deutlich erhöht wurde. Die Fonds haben mehr als ihre Einkünfte und realisierten Kapitalgewinne ausgeschüttet, was zu einer Kapitalrückzahlung an die Aktionäre führte. Die Leistung und Ausschüttungsraten beider Fonds haben positive Wachstumstrends gezeigt. Aktionäre sollten über die Faktoren informiert sein, die die monatlichen Ausschüttungsbeträge der Fonds beeinflussen, sowie über die potenziellen Risiken der Anlage.
Positive
  • The increase in monthly dividend amounts for common shareholders of Invesco High Income Trust II and Invesco Senior Income Trust is a positive indication of the Funds' financial health and commitment to shareholder returns.

  • The positive performance and distribution rate trends of both Funds, as shown by the FYTD Cumulative Total Return and the Current Annualized Distribution Rate, reflect strong investment performance and value creation for shareholders.

Negative
  • The fact that both Funds have distributed more than their income and net realized capital gains, resulting in a return of capital to shareholders, may indicate potential financial challenges or constraints faced by the Funds.

  • The monthly distribution amounts for the Funds are based on estimates and may vary due to changes in portfolio and market conditions, which could lead to deviations from the estimated amounts. Shareholders should be cautious of the potential impact of these fluctuations on their investment returns.

ATLANTA, April 30, 2024  /PRNewswire/ -- The Board of Trustees (the "Board") of each of Invesco High Income Trust II and Invesco Senior Income Trust (each, a "Fund" and collectively, the "Funds") today announces the payment of the following dividends:

EX-DATE

RECORD DATE

REINVEST DATE

PAYABLE DATE

4/15/2024

4/16/2024

4/30/2024

4/30/2024

 

Name of Closed-End
Management Investment Company

 

Ticker

Monthly Dividend Amount Per Share

Change From Prior Distribution

% Change From Prior Distribution

Invesco High Income Trust II

VLT

$0.09641

-

-

Invesco Senior Income Trust

VVR

$0.0430

-

-

 

Effective August 1, 2018, the Board of Invesco High Income Trust II (NYSE: VLT) approved a Managed Distribution Plan (the "VLT Plan") for the Fund, whereby the Fund increased its monthly dividend to common shareholders to a stated fixed monthly distribution amount based on a distribution rate of 8.5 percent of the closing market price per share as of August 1, 2018, the date the VLT Plan became effective. The VVR Plan and the VLT Plan are collectively referred to herein as the "Plans."

The Board of Trustees (the "Board") of Invesco Senior Income Trust (NYSE: VVR) (the "Fund") approved an increase in the monthly distribution amount payable to common shareholders pursuant to the Fund's Managed Distribution Plan (the "Plan").  Effective October 1, 2023, the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.0430 per share, an increase from a stated fixed monthly distribution amount of $0.0390 per share.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the sources indicated.  You should not draw any conclusions about the Funds' investment performance from the amount of this distribution or from the terms of the Plans. All amounts are expressed per common share.  Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution is estimated to be a return of capital.  A return of capital may occur, for example, when some or all of the money that you invested in a Fund is paid back to you.  A return of capital distribution does not necessarily reflect the Funds' investment performance and should not be confused with "yield" or "income." The amounts and sources of distributions reported in the 19(a) Notice are only estimates and are not being provided for tax reporting purposes.  The actual amounts and sources of the amounts for tax reporting purposes will depend on each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send shareholders a Form 1099-DIV for the calendar year that will tell them how to report these distributions for federal income tax purposes.

1 A portion of this distribution is estimated to be from a return of principal rather than net income. The Section 19 notice referenced below provides more information and can be found on the Invesco website at www.invesco.com.

Fund

April 2024

Net Investment Income

Net Realized Capital Gains

Estimated Return of Principal (or Other Capital Source)

Total Current Distribution
(common share)

Per Share Amount

% of Current Distribution

Per Share Amount

% of Current Distribution

Per Share Amount

% of Current Distribution

Invesco High Income Trust II

$0.0241

25.00 %

$0.0000

0.00 %

$0.0723

75.00 %

$0.0964

Invesco Senior Income Trust

$0.0430

100.00 %

$0.0000

0.00 %

$0.0000

0.00 %

$0.0430









Fund

CUMULATIVE FISCAL YEAR-TO-DATE (YTD) March 31, 2024*

Net Investment Income

Net Realized Capital Gains

Return of Principal (or Other Capital Source)

Total FYTD Distribution
(common share)

Per Share Amount

% of 2024  Distribution

Per Share Amount

% of 2024  Distribution

Per Share Amount

% of 2024  Distribution

Invesco High Income Trust II

$0.0573

59.44 %

$0.0000

0.00 %

$0.0391

40.56 %

$0.0964

Invesco Senior Income Trust

$0.0330

76.74 %

$0.0000

0.00 %

$0.0100

23.26 %

$0.0430

 

* Form 1099-DIV for the calendar year will report distributions for federal income tax purposes.  Each Fund's annual report to shareholders will include information regarding the tax character of Fund distributions for the fiscal year. The final determination of the source and tax characteristics of all distributions in 2024 will be made after the end of the year.

The monthly distributions are based on estimates and terms of each Fund's Plan. Monthly distribution amounts may vary from these estimates based on a multitude of factors.  Changes in portfolio and market conditions may cause deviations from estimates.  These estimates should not be taken as indication of a Fund's earnings and performance.  The actual amounts and its sources may be subject to additional adjustments and will be reported after year end.

Each Fund's Performance and Distribution Rate Information disclosed in the table below is based on the Fund's net asset value per share (NAV). Shareholders should take note of the relationship between the Fiscal Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate and the Average Annual Total Return with the Fund's Current Annualized Distribution Rate. Each Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. NAV performance may be indicative of a Fund's investment performance.  The value of a shareholder's investment in each Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Funds' Performance and Distribution Rate Information:

Fund

Fiscal Year-to-date March 1, 2024 to March 31, 2024 

Five year period ending March 31, 2024

FYTD Cumulative Total Return1 

Cumulative Distribution Rate 2 

Current Annualized Distribution

Rate 3

Average Annual Total Return 4

Invesco High Income Trust II

12.41 %

0.84 %

10.02 %

3.55 %

Invesco Senior Income Trust

14.11 %

1.05 %

12.59 %

6.36 %

 

1 Fiscal year-to-date Cumulative Total Return assumes reinvestment of distributions.  This is calculated as the percentage change in the Fund's NAV over the fiscal year-to-date time period including distributions paid and reinvested.

2 Cumulative Distribution Rate for the Fund's current fiscal period (March 1, 2024 to March 31, 2024) is calculated as the dollar value of distributions in the fiscal year-to-date period as a percentage of the Fund's NAV as of March 31, 2024.

3 The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of March 31, 2024.

4 Average Annual Total Return represents the compound average of the annual NAV Total Returns of the Fund for the five-year period ending March 31, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and reinvested.

In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, each Fund will provide its shareholders of record on the record date with a 19(a) Notice disclosing the sources of its dividend payment when a distribution includes anything other than net investment income.

The Plans will be subject to periodic review by each Fund's Board, and a Fund's Board may terminate or amend the terms of its Plan at any time without prior notice to the Fund's shareholders. The amendment or termination of a Fund's Plan could have an adverse effect on the market price of such Fund's common shares.

The amount of dividends paid by each fund may vary from time to time.  Past amounts of dividends are no guarantee of future dividend payment amounts.

Investing involves risk and it is possible to lose money on any investment in the funds.

For additional information, shareholders of the closed end fund may contact
Beverly Khoo, 332-323-8029  beverly.khoo@invesco.com

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 $1.66 trillion in assets on behalf of clients worldwide as of March 31, 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

—Invesco—

CONTACT:   Closed-End Funds   800-341-2929   

 

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SOURCE Invesco Ltd.

FAQ

<p>What dividend payment announcement has been made by Invesco for Invesco High Income Trust II and Invesco Senior Income Trust?</p>

Invesco High Income Trust II and Invesco Senior Income Trust have announced the payment of dividends with new distribution amounts, including an increase in the monthly dividend amount for common shareholders.

<p>What is the change in the monthly dividend amount for common shareholders of Invesco High Income Trust II and Invesco Senior Income Trust?</p>

Effective August 1, 2018, Invesco High Income Trust II increased its monthly dividend to common shareholders based on a distribution rate of 8.5 percent, while Invesco Senior Income Trust increased its monthly distribution amount to $0.0430 per share as of October 1, 2023.

<p>What does it mean that the Funds have distributed more than their income and net realized capital gains?</p>

The fact that the Funds have distributed more than their income and net realized capital gains indicates a return of capital to shareholders, which may not necessarily reflect the Funds' investment performance and should not be confused with 'yield' or 'income.'

<p>How are the performance and distribution rates of Invesco High Income Trust II and Invesco Senior Income Trust?</p>

The performance and distribution rates of both Funds have shown positive growth trends, as indicated by the FYTD Cumulative Total Return and the Current Annualized Distribution Rate, reflecting strong investment performance and value creation for shareholders.

<p>What factors should shareholders be aware of when considering investing in the Funds?</p>

Shareholders should be aware of the factors affecting the Funds' monthly distribution amounts, which are based on estimates and subject to changes due to portfolio and market conditions. Additionally, shareholders should consider the potential risks involved in investing, as past amounts of dividends are no guarantee of future dividend payment amounts.

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