Invesco Ltd - IVZ STOCK NEWS

Invesco has announced dividend declarations for two of its funds. Invesco High Income Trust II (VLT) will maintain its monthly dividend at $0.09641 per share, while Invesco Senior Income Trust (VVR) will decrease its monthly distribution by 12% to $0.03801 per share, effective January 1, 2025.

Both funds operate under Managed Distribution Plans aimed at providing consistent periodic cash payments to shareholders. VLT's plan, effective since August 2018, is based on an 8.5% distribution rate of the closing market price. The distributions may include investment income, capital gains, and/or return of capital. The ex-date, record date, reinvest date, and payable date for both funds are set for January 17, January 17, January 31, and January 31, 2025, respectively.

Invesco announced dividend payments for two closed-end funds. Invesco High Income Trust II (VLT) will pay $0.0964 per share, with 68.78% from net investment income and 31.22% as return of principal. Invesco Senior Income Trust (VVR) will distribute $0.0430 per share, entirely from net investment income.

VVR increased its monthly distribution from $0.0390 to $0.0430 per share effective October 1, 2023. Both funds operate under Managed Distribution Plans, with VLT targeting an 8.5% distribution rate. Year-to-date through November 30, 2024, VLT achieved a 9.40% cumulative total return with a 9.96% annualized distribution rate, while VVR posted a 5.97% return with a 13.10% distribution rate.

Invesco Mortgage Capital (NYSE: IVR) has announced a quarterly cash dividend of $0.40 per share for the fourth quarter of 2024. The dividend will be distributed on January 24, 2025 to shareholders recorded as of December 30, 2024. The ex-dividend date is set for December 30, 2024.

Invesco Canada has announced estimated December 2024 cash distributions and annual reinvested distributions for its ETFs. Cash distributions will be payable on January 8, 2025, to unitholders of record on December 30, 2024. The annual reinvested distributions, primarily consisting of capital gains and return of capital, will be automatically reinvested with immediate unit consolidation, maintaining the same number of units while increasing the adjusted cost base.

These figures are estimates as of December 15, 2024, with final rates to be confirmed around December 27, 2024. The tax characteristics for all 2024 distributions will be reported by February 2025 end. The announcement includes detailed per-unit distribution amounts for various ETF categories including asset allocation, fixed income, ESG fixed income, equity income, and low-volatility equity funds.

Invesco Senior Income Trust (NYSE: VVR) announced a decrease in its monthly distribution amount under its Managed Distribution Plan. Starting January 1, 2025, the monthly dividend will decrease from $0.0430 to $0.0380 per share, effective for the January 31, 2025 payment.

The Plan aims to provide consistent periodic cash payments to shareholders, regardless of when income is earned or capital gains realized. While it may help narrow the discount between market price and NAV, this is not guaranteed. If investment income is insufficient, the Fund may distribute long-term capital gains or return capital to maintain distribution levels. The Board retains the right to terminate or amend the Plan, which could affect the Fund's common shares market price.

Invesco (NYSE: IVZ) has launched the Invesco MSCI North America Climate ETF (KLMN) on the New York Stock Exchange with a record-breaking initial investment of US$2.4 billion from Finnish pension insurer Varma. This marks the largest funding for any new ETF launch globally.

The ETF tracks the MSCI Global Climate 500 North America Selection Index, which selects North American companies meeting specific environmental and climate criteria. The launch builds on the success of the global KLMT ETF launched earlier this year, providing institutional clients with a flexible way to target greenhouse gas and carbon emissions reduction themes. The US listed thematic ETF market currently represents over US$439 billion in assets under management.

Invesco Advisers has announced the final results of tender offers for two municipal funds. For Invesco Trust for Investment Grade New York Municipals (VTN), approximately 6.8M shares (35%) were tendered, with the fund accepting 4.9M shares (71.42% of tendered) at $11.87 per share, representing 99% of NAV. Post-purchase, VTN will have 14.6M shares outstanding.

For Invesco Pennsylvania Value Municipal Income Trust (VPV), about 8.1M shares (33.9%) were tendered, with the fund accepting 6M shares (73.79% of tendered) at $11.69 per share, also at 99% of NAV. After the purchase, VPV will have 17.9M shares outstanding.

Invesco Advisers announced the expiration of tender offers for two municipal funds: Invesco Trust for Investment Grade New York Municipals (VTN) and Invesco Pennsylvania Value Municipal Income Trust (VPV). For VTN, approximately 6,818,415 shares (35%) were tendered against an offer for 4,869,438 shares (25%). For VPV, about 8,073,690 shares (33.9%) were tendered against an offer for 5,957,386 shares (25%). Due to oversubscription, shares will be purchased on a prorated basis.

Both funds will make cash payments at 99% of their net asset value as of December 10, 2024, with payments expected within seven business days after the December 9 expiration date.

Invesco (NYSE: IVZ) reported preliminary month-end assets under management (AUM) of $1,856.5 billion for November 30, 2024, marking a 4.8% increase from the previous month. The company achieved net long-term inflows of $11.0 billion, non-management fee earning net inflows of $9.2 billion, and money market net inflows of $14.9 billion.

Market returns positively impacted AUM by $52 billion, while FX movements decreased AUM by $3.0 billion. Preliminary average total AUM for the quarter through November stood at $1,805.4 billion, with preliminary average active AUM at $1,021.0 billion.