Invesco High Income Trust II, and Invesco Senior Income Trust Declare Dividends
Invesco announced changes to dividend distributions for two of its funds. Invesco Senior Income Trust (NYSE: VVR) will decrease its monthly distribution to $0.0380 per share from $0.0430, effective January 1, 2025. Both VVR and Invesco High Income Trust II (NYSE: VLT) operate under Managed Distribution Plans, with VLT maintaining its plan established in 2018 based on 8.5% of closing market price.
The Plans aim to provide consistent periodic cash payments to shareholders, regardless of when income is earned or capital gains realized. While these plans may help narrow the discount between market price and NAV, there's no guarantee of effectiveness. Distributions may include long-term capital gains and/or return of capital if investment income is insufficient to cover planned distributions.
Invesco ha annunciato modifiche alle distribuzioni dei dividendi per due dei suoi fondi. Invesco Senior Income Trust (NYSE: VVR) ridurrà la sua distribuzione mensile a $0.0380 per azione da $0.0430, a partire dal 1 gennaio 2025. Sia VVR che Invesco High Income Trust II (NYSE: VLT) operano sotto Piani di Distribuzione Gestita, con VLT che mantiene il suo piano stabilito nel 2018 basato sull'8,5% del prezzo di chiusura di mercato.
I Piani mirano a fornire pagamenti periodici di cassa costanti agli azionisti, indipendentemente da quando viene guadagnato il reddito o realizzati i guadagni in conto capitale. Sebbene questi piani possano aiutare a ridurre lo sconto tra il prezzo di mercato e il NAV, non c'è garanzia di efficacia. Le distribuzioni possono includere guadagni in conto capitale a lungo termine e/o il ritorno di capitale se il reddito da investimento è insufficiente per coprire le distribuzioni pianificate.
Invesco anunció cambios en las distribuciones de dividendos para dos de sus fondos. Invesco Senior Income Trust (NYSE: VVR) reducirá su distribución mensual a $0.0380 por acción desde $0.0430, a partir del 1 de enero de 2025. Tanto VVR como Invesco High Income Trust II (NYSE: VLT) operan bajo Planes de Distribución Administrada, siendo VLT el que mantiene su plan establecido en 2018 basado en el 8.5% del precio de cierre del mercado.
Los Planes tienen como objetivo proporcionar pagos de efectivo periódicos consistentes a los accionistas, independientemente de cuándo se genere el ingreso o se realicen las ganancias de capital. Si bien estos planes pueden ayudar a reducir el descuento entre el precio de mercado y el NAV, no hay garantía de eficacia. Las distribuciones pueden incluir ganancias de capital a largo plazo y/o retorno de capital si los ingresos de inversión son insuficientes para cubrir las distribuciones planeadas.
인베스코는 두 개의 펀드에 대한 배당금 분배 변경을 발표했습니다. 인베스코 시니어 인컴 트러스트 (NYSE: VVR)는 2025년 1월 1일부터 주당 $0.0430에서 $0.0380으로 월 배당금을 줄일 예정입니다. VVR과 인베스코 하이 인컴 트러스트 II (NYSE: VLT)는 관리 배당 계획 하에 운영되며, VLT는 2018년에 설정된 계획을 유지하고 있으며, 이는 시장 종가의 8.5%를 기준으로 합니다.
이 계획은 주주에게 소득이 발생하거나 자본 이익이 실현되는 시점에 관계없이 일관된 주기적 현금 지급을 제공하는 것을 목표로 합니다. 이러한 계획이 시장 가격과 NAV 간의 할인폭을 줄이는 데 도움이 될 수 있지만, 효과를 보장할 수는 없습니다. 배당금에는 장기 자본 이익 및/또는 투자 소득이 계획된 배당금을 충당하기에 부족할 경우 자본 반환이 포함될 수 있습니다.
Invesco a annoncé des changements concernant les distributions de dividendes pour deux de ses fonds. Invesco Senior Income Trust (NYSE: VVR) va réduire sa distribution mensuelle à 0,0380 $ par action contre 0,0430 $, à compter du 1er janvier 2025. Tant VVR que Invesco High Income Trust II (NYSE: VLT) fonctionnent sous des Plans de Distribution Gérés, VLT maintenant son plan établi en 2018 basé sur 8,5 % du prix de clôture du marché.
Ces Plans visent à fournir des paiements en espèces périodiques constants aux actionnaires, peu importe quand le revenu est gagné ou les plus-values réalisées. Bien que ces plans puissent aider à réduire l'écart entre le prix du marché et la valeur nette d'inventaire (NAV), il n'y a aucune garantie d'efficacité. Les distributions peuvent inclure des gains en capital à long terme et/ou un retour de capital si les revenus d'investissement sont insuffisants pour couvrir les distributions prévues.
Invesco hat Änderungen bei den Dividendenverteilungen für zwei seiner Fonds angekündigt. Invesco Senior Income Trust (NYSE: VVR) wird die monatliche Ausschüttung ab dem 1. Januar 2025 von $0.0430 auf $0.0380 pro Aktie senken. Sowohl VVR als auch Invesco High Income Trust II (NYSE: VLT) arbeiten unter verwalteten Ausschüttungsplänen, wobei VLT seinen 2018 eingeführten Plan beibehält, der auf 8,5% des Schlusskurses basiert.
Die Pläne zielen darauf ab, den Aktionären regelmäßige, konsistente Barauszahlungen zu bieten, unabhängig davon, wann Einkommen erzielt oder Kapitalgewinne realisiert werden. Obwohl diese Pläne helfen können, den Discount zwischen Marktpreis und NAV zu verringern, gibt es keine Garantie für die Wirksamkeit. Die Ausschüttungen können langfristige Kapitalgewinne und/oder Kapitalrückzahlungen umfassen, wenn die Anlageerträge nicht ausreichen, um die geplanten Ausschüttungen zu decken.
- Consistent periodic cash payments maintained through Managed Distribution Plans
- Potential reduction in market price to NAV discount
- VVR monthly distribution decreased by 11.6% (from $0.0430 to $0.0380)
- Distributions may include return of capital, not just earned income
- No guarantee of Plans' effectiveness in reducing NAV discount
EX-DATE | RECORD DATE | REINVEST DATE | PAYABLE DATE |
3/17/2025 | 3/17/2025 | 3/31/2025 | 3/31/2025 |
Name of Closed-End |
Ticker | Monthly | Change | % Change |
Invesco High Income Trust II | VLT | - | - | |
Invesco Senior Income Trust | VVR | - | - |
The Board of Trustees (the "Board") of Invesco Senior Income Trust (NYSE: VVR) (the "Fund") approved a decrease in the monthly distribution amount payable to common shareholders pursuant to the Fund's Managed Distribution Plan (the "Plan"). Effective January 1, 2025, 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 VVR Plan and the VLT Plan are collectively referred to herein as the "Plans."
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 2025 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 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 800-341-2929.
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 more than 20 countries, Invesco managed
Invesco Distributors, Inc. is the
Note: There is no assurance that a closed-end fund will achieve its investment objective. Common 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 | MAY LOSE VALUE | NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
CONTACT: Closed-End Funds 800-341-2929
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. |
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SOURCE Invesco Ltd.
FAQ
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