Invesco Closed-End Funds Pay Dividends

Rhea-AI Summary

The Board of Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) has announced monthly dividends of $0.0964 and $0.0260 per share, respectively. The ex-dividend date for both funds is May 13, 2022, with record date on May 16, and payable date on May 31. The funds operate under Managed Distribution Plans, aiming to provide consistent income to shareholders. Notably, a portion of these distributions may be classified as return of capital, suggesting investors should be cautious about relying solely on these amounts as indicators of performance.

Positive

• Monthly dividend declared for VLT at $0.0964 per share and VVR at $0.0260 per share.
• Managed Distribution Plans in place providing structured income to shareholders.

Negative

• A portion of distributions may be a return of capital, which does not reflect investment performance.
• Past dividend amounts are not guaranteed for future distributions.

ATLANTA, May 31, 2022 /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 5/13/22	RECORD DATE 5/16/22		REINVEST DATE 5/31/22		PAYABLE DATE 5/31/22
Name of Closed-End Management Investment Company		Ticker		Dividend Amount Per Share (monthly)		Change From Prior Distribution
Invesco High Income Trust II		VLT		$0.09641		-
Invesco Senior Income Trust		VVR		$0.02601		-

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 April 1, 2022, the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.026 per share, an increase from a stated fixed monthly distribution amount of $0.021 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,

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.

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. 

 

Fund	May 2022
	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	$0.0531	55.08%	$0.0000	0.00%	$0.0433	44.92%	$0.0964
Invesco Senior Income Trust	$0.0137	52.69%	$0.0000	0.00%	$0.0123	47.31%	$0.0260
Fund	CUMULATIVE FISCAL YEAR-TO-DATE (YTD) April 30, 2022*
	Net Investment Income		Net Realized Capital Gains		Return of Principal (or Other Capital Source)		Total FYTD Distribution (common share)
	Per Share Amount	% of 2022   Distribution	Per Share Amount	% of 2022   Distribution	Per Share Amount	% of 2022   Distribution
Invesco High Income Trust II	$0.1596	82.78%	$0.0000	0.00%	$0.0332	17.22%	$0.1928
Invesco Senior Income Trust	$0.0420	100.00%	$0.0000	0.00%	$0.0000	0.00%	$0.0420

	* 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 2022 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, 2022 to April 30, 2022			Five year period ending April 30, 2022
	FYTD Cumulative Total Return 1	Cumulative Distribution Rate 2	Current Annualized Distribution Rate 3	Average Annual Total Return 4
Invesco High Income Trust II	-5.63%	1.49%	8.96%	3.46%
Invesco Senior Income Trust	-0.20%	1.04%	6.78%	5.05%

	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, 2022 to April 30, 2022) 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 April 30, 2022.
	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 April 30, 2022.
	4 Average Annual Total Return represents the compound average of the annual NAV Total Returns of the Fund for the five-year period ending April 30, 2022. 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 call Invesco at 800-983-0903.

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 March 31, 2022.
For more information, visit www.invesco.com.

Invesco Distributors, Inc. is the US distributor for Invesco Ltd. It is an indirect, wholly owned, subsidiary of Invesco Ltd.

Note: There is no assurance that a closed-end fund will achieve its investment objective. 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 l  MAY LOSE VALUE  l  NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/invesco-closed-end-funds-pay-dividends-301557076.html

SOURCE Invesco Ltd.

FAQ

When is the ex-dividend date for VLT and VVR?

The ex-dividend date for both Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) is May 13, 2022.

What are the dividend amounts for VLT and VVR?

Invesco High Income Trust II (VLT) has a monthly dividend of $0.0964 per share, while Invesco Senior Income Trust (VVR) has a dividend of $0.0260 per share.

When will the dividends be payable for VLT and VVR?

The dividends for both VLT and VVR are payable on May 31, 2022.

What does a return of capital mean for VLT and VVR?

A return of capital indicates that part of the distribution comes from the fund's principal rather than net investment income.

How often are dividends paid for VLT and VVR?

Both Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) pay monthly dividends.