Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust Declare Dividends
The Board of Trustees for Invesco Dynamic Credit Opportunities Fund (VTA), Invesco High Income Trust II (VLT), and Invesco Senior Income Trust (VVR) declared dividends on December 1, 2020. The ex-dividend date for these distributions is December 14, 2020, with a record date of December 15, 2020, and a payable date of December 31, 2020. The monthly dividend amounts are set at $0.0750 for VTA, $0.0964 for VLT, and $0.0210 for VVR. These are part of ongoing Managed Distribution Plans, ensuring consistent cash payments to shareholders, although portions may come from capital returns rather than net income.
- VTA, VLT, and VVR maintaining consistent monthly dividends of $0.0750, $0.0964, and $0.0210 per share respectively.
- Implementation of Managed Distribution Plans provides shareholders with predictable income.
- A portion of the dividends may be classified as a return of capital, which does not signify investment performance.
- Potential for negative market price impact if Managed Distribution Plans are amended or terminated.
ATLANTA, Dec. 1, 2020 /PRNewswire/ -- The Board of Trustees (the "Board") of each of Invesco Dynamic Credit Opportunities Fund, Invesco High Income Trust II and Invesco Senior Income Trust (each, a "Fund" and collectively, the "Funds") today declared the following dividends:
EX-DATE 12/14/20 | RECORD DATE | REINVEST DATE |
PAYABLE DATE | |||
| Ticker | Monthly Dividend Amount Per Share | Change From Prior Distribution | |||
Invesco Dynamic Credit Opportunities Fund | VTA | - | ||||
Invesco High Income Trust II | VLT | - | ||||
Invesco Senior Income Trust | VVR | - | ||||
Effective October 1, 2020, the Board of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) approved a Managed Distribution Plan (the "VTA Plan") for the Fund, whereby the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of
Effective October 1, 2020, the Board of Invesco Senior Income Trust (NYSE: VVR) approved a Managed Distribution Plan (the "VVR Plan") for the Fund, whereby the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of
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 VTA Plan, the VVR Plan and the VLT Plan are collectively referred to herein as the "Plans."
1 A portion of this distribution is estimated to be from a return of principal rather than net income. The 19(a) Notice referenced below provides more information and can be found on the Invesco website at www.invesco.com.
The Plans are intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from each Fund, regardless of when or whether income is earned, or capital gains are realized. The Plans may have the effect of narrowing the discount between each Fund's market price and the net asset value ("NAV") of each Fund's common shares, but there is no assurance that the Plans will be effective in this regard.
If a Fund's investment income is not sufficient to cover the Fund's intended monthly distribution, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under its Plan. A Fund may at times distribute more than its income and net realized gains; therefore, a portion of the distribution may result in a return of capital. A return of capital may occur, for example, when some or all of the money that shareholders invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect a Fund's investment performance and should not be confused with "yield" or "income." No conclusions should be drawn about a Fund's investment performance from the amount of the Fund's distributions or from the terms of its Plan.
In order to comply with the requirements of Section 19 of the Investment Company Act of 1940 and an exemptive order granted to the Funds by the Securities and Exchange Commission, each Fund will provide its shareholders of record on each distribution date with a 19(a) Notice and issue an accompanying press release disclosing the sources of its dividend payment when a distribution includes anything other than net investment income.
The amounts and sources of distributions reported in 19(a) Notices 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 upon each Fund's investment experience during the remainder of its full 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. Information on the Funds' 19(a) Notices can be found at www.invesco.com.
The final determination of the source and tax characteristics of all distributions in 2020 will be made after the end of the year.
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 the Funds 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 Trust.
For more information, call 1-800-341-2929.
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 25 countries, Invesco managed
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
—Invesco—
CONTACT: Jeaneen Terrio 212-278-9205 Jeaneen.Terrio@invesco.com
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SOURCE Invesco Ltd.
