Invesco LTD - IVZ STOCK NEWS

Invesco Ltd. reported preliminary month-end assets under management (AUM) of $1,484.3 billion, with a 0.1% increase compared to the previous month. The firm had net long-term outflows of $2.2 billion, while non-management fee earning net outflows were $2.1 billion and money market net inflows were $1.4 billion. AUM was positively impacted by favorable market returns, increasing AUM by $5 billion. FX decreased AUM by $0.4 billion.

The Board of Trustees of Invesco High Income Trust II and Invesco Senior Income Trust have declared monthly dividends. Invesco Senior Income Trust approved an increase in the monthly distribution amount to common shareholders. The Plans are intended to provide consistent cash payments to shareholders.

Invesco reported its financial results for Q1 2023, with a diluted EPS of $0.32, down 22% from Q4 2022. The company achieved net long-term inflows of $2.9 billion, marking a return to organic growth. Key segments driving growth included Fixed Income ($2.5 billion), Institutional ($6.6 billion), and ETFs ($2.8 billion). AUM rose to $1.483 trillion, a 5.2% increase from the previous quarter. The adjusted operating margin was 30.4%. The board approved a 7% dividend increase to $0.20 per share, reflecting a strong cash position. Despite a challenging market, Invesco effectively managed expenses and maintained a solid balance sheet, with debt below $1.5 billion.

Invesco Real Estate has launched Homestead Communities, a new real estate operating company aimed at tackling the affordable housing crisis in the U.S.. The platform focuses on providing safe and affordable single-family manufactured homes for working families and retirees. This initiative aligns with Invesco’s strategic goal to capitalize on the manufactured housing sector, known for its resiliency in net operating income during market volatility. David Gold, the former CEO of Inspire Communities, will lead Homestead Communities. With approximately 4% of U.S. housing being manufactured, Invesco aims to meet institutional demand while enhancing operational efficiency and performance.

On April 12, 2023, Invesco Ltd. (NYSE: IVZ) reported preliminary assets under management (AUM) of $1,483.0 billion, up 1.7% from the previous month. The firm saw net long-term inflows of $0.5 billion and non-management fee earning net inflows of $1.0 billion, while money market net outflows were $3.8 billion. The increase in AUM was attributed to favorable market returns that contributed an additional $22 billion and foreign exchange impacts of $4.0 billion. For the quarter ended March 31, 2023, the preliminary average total AUM was $1,463.0 billion with active AUM at $1,002.0 billion.

The Board of Trustees for Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) declared dividends effective on various dates in April 2023. VLT will distribute $0.0964 per share, while VVR will distribute $0.0390, up from $0.0320. The ex-dividend date for both funds is April 14, 2023, with record and payable dates set for April 17 and 28, respectively. These managed distribution plans aim to provide consistent cash payments to shareholders, although a portion may come from return of capital rather than net income. Investors should be aware that past distributions do not guarantee future payments.