Invesco LTD - IVZ STOCK NEWS

According to Invesco's ninth annual Global Systematic Investing Study, mega-cap tech stock performance has significantly impacted factor returns, leading systematic investors to adjust their strategies. The study, based on views from investors managing $22.3 trillion, reveals that 52% of investors have increased Value allocations in the past year to hedge against concentration risk.

The research shows 46% of systematic investors outperformed both traditional active approaches and market-weighted strategies. Investors are increasingly sophisticated in their approach, with 91% adjusting factor weights over time, up from 75% in 2023. There's also growing adoption of systematic strategies in alternative assets, with 40% now applying systematic approaches to real estate, up from 31% in 2023.

Invesco Senior Income Trust (NYSE: VVR) has completed a private placement of Variable Rate Demand Mode Preferred Shares (VRDMs) with qualified institutional buyers. The fund issued two series: $50 million each in Series A and Series B VRDMs, totaling $100 million. The proceeds were used to redeem outstanding Variable Rate Demand Preferred Shares Series W-7. Both new series have a term redemption date of November 1, 2034, with weekly dividend rates set by the fund's remarketing agent. The VRDMs include a liquidity feature and are senior to common shares but junior to fund borrowings.

AVANTA Residential has secured a $10.6 million preferred equity investment for the development of Ridgeline Vista Townhomes in Brighton, Colorado. The project, developed by Republic Property Group, will feature 116 high-quality townhomes, including 36 two-bedroom, 56 three-bedroom, and 24 four-bedroom units, all with attached 2-car garages. Located in northeast Denver, the community will benefit from its proximity to Denver International Airport and I-76. The development will include amenities such as a dog park, boulevard streets, open space, and professional management with routine yard maintenance.

Invesco (NYSE: IVZ) reported financial results for Q3 2024, with diluted EPS of $0.12 and adjusted diluted EPS of $0.44. The company achieved $16.5 billion in net long-term inflows, primarily driven by ETFs, Index, and Fixed Income. Ending AUM grew to a record high of $1.8 trillion, a 4.7% increase from the previous quarter. The operating margin was 6.6%, impacted by a one-time non-cash expense of $147.6 million, while the adjusted operating margin was 31.6%.

Invesco maintained a strong balance sheet with over $1 billion in cash and cash equivalents and no balance on its credit facility. The company repurchased 1.5 million common shares for $25 million during the quarter. CEO Andrew Schlossberg highlighted positive momentum, record long-term AUM, and improved operating income and margin. The company saw positive organic growth across all regions, with Asia Pacific leading at 9%.

Invesco Advisers, Inc., a subsidiary of Invesco (NYSE: IVZ), has announced details for the liquidation of Invesco High Income 2024 Target Term Fund (NYSE: IHTA). The Fund is set to terminate and liquidate on or about December 2, 2024. As it prepares for liquidation, the Fund will deviate from its stated investment strategy, moving assets to high-quality, short-term securities, U.S. Treasury securities, and cash equivalents. As of October 21, 2024, the Fund's portfolio consisted of approximately 100% cash and cash equivalents.

The Fund's objective to return the original NAV of $9.835 per share to common shareholders on the Termination Date is not expected to be met. As of October 18, 2024, the Fund's NAV per share was $7.71. Trading of common shares on the NYSE will continue through November 25, 2024, and be suspended from November 26, 2024. A final liquidating distribution is anticipated on or about the Termination Date.

Invesco (NYSE: IVZ) reported preliminary month-end assets under management (AUM) of $1,795.6 billion as of September 30, 2024, representing a 2.5% increase from the previous month-end. The firm experienced net long-term inflows of $3.3 billion and money market net inflows of $11.2 billion. However, there were non-management fee earning net outflows of $0.6 billion.

AUM was positively impacted by favorable market returns, adding $25 billion. Additionally, FX and reinvested distributions increased AUM by $5.2 billion. Preliminary average total AUM for the quarter through September 30 was $1,742.0 billion, with preliminary average active AUM at $1,007.4 billion.

Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) have declared dividends. VLT will distribute $0.09641 per share, while VVR will increase its monthly dividend to $0.04301 per share, up from $0.0390. Both funds operate under Managed Distribution Plans, aiming to provide consistent cash payments to shareholders.

The plans may narrow the discount between market price and NAV but don't guarantee this outcome. If investment income is insufficient, the funds may distribute capital gains or return capital to maintain the managed distribution level. Shareholders will receive a 19(a) Notice and press release disclosing dividend sources when distributions include anything other than net investment income.

Invesco (NYSE: IVZ) has announced it will release its third quarter 2024 results on Tuesday, October 22. The earnings release and presentation materials will be available on the company's Investor Relations website at approximately 7 a.m. ET. A conference call to discuss the results is scheduled for 9 a.m. ET on the same day.

Investors can access the live audio webcast and replay through the company's website. Those wishing to participate in the call can dial in using the provided toll-free and international numbers. An audio replay will be available approximately one hour after the call and will be accessible until November 7, 2024.

Invesco announced dividend payments for two of its closed-end funds: Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR). The dividends will be paid on September 30, 2024, with an ex-date, record date, and reinvest date of September 17, 2024. VLT will pay $0.09641 per share, while VVR will pay $0.04301 per share.

VVR's dividend represents an increase from its previous fixed monthly distribution of $0.0390 per share, effective October 1, 2023. Both funds operate under Managed Distribution Plans, with VLT targeting a distribution rate of 8.5% of the closing market price as of August 1, 2018.

The funds estimate that a portion of the distributions may be a return of capital. The fiscal year-to-date cumulative total returns are 18.53% for VLT and 17.03% for VVR, with current annualized distribution rates of 9.94% and 12.93%, respectively.