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On November 1, 2021, Invesco Advisers announced the successful reorganization of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) into the newly established closed-end interval fund, Invesco Dynamic Credit Opportunity Fund. Shareholders approved this transition at the Annual Meeting on September 3, 2021. The Interval Fund will offer Class AX shares priced at the fund's net asset value, with initial quarterly repurchase offers expected in early 2022. This reorganization aims to maintain the same investment strategy as the original fund.
Invesco Dynamic Credit Opportunities Fund (VTA) announced a monthly dividend of $0.0750 per share, with an ex-dividend date of October 13, 2021 and a payable date of October 22, 2021. The fund operates under a Managed Distribution Plan, which allows for cash payments regardless of income earned. Shareholders should note that a portion of this distribution may be a return of capital. Additionally, a reorganization of the fund into a closed-end interval fund will occur on November 1, 2021, with trading ceasing on the NYSE on October 28, 2021.
Invesco Advisers, Inc., a subsidiary of Invesco (NYSE: IVZ), announced the final results of its tender offer for Invesco Dynamic Credit Opportunities Fund (NYSE: VTA). The tender offer expired on October 7, 2021, with approximately 32,779,030 common shares tendered. The Fund accepted 12,596,028 shares at $12.24 each, representing 98.5% of the Fund's NAV of $12.43. A reorganization into an interval fund will be effective on November 1, 2021, ceasing trading on October 28, 2021. The Fund's dividend of $0.0750 per share will be payable on October 22, 2021.
On October 12, 2021, Invesco announced the upcoming reorganization of the Invesco Dynamic Credit Opportunities Fund (VTA). Shareholders approved transitioning to a closed-end interval fund, effective November 1, 2021, with Class AX shares issued at the net asset value. Trading of VTA on the NYSE will cease on October 28, 2021. Additionally, the dividend payment of $0.075 per share has been adjusted to October 22, 2021. The managed distribution plan will terminate, and the Interval Fund will not implement a similar plan. Initial repurchase offers are expected in Q1 2022.
Invesco Advisers announced the preliminary results of its tender offer for the Invesco Dynamic Credit Opportunities Fund (NYSE: VTA), which expired on October 7, 2021. The Fund aimed to repurchase up to 12,596,028 shares, but received tenders for about 32,822,242 shares, indicating a prorated purchase for shareholders. Payments for accepted shares will happen five business days post-expiration, at 98.5% of the Fund's NAV. The Fund also continues its managed distribution plan, offering a consistent monthly dividend of $0.075 per share, subject to review and potential changes by its Board of Trustees.
Invesco Advisers has announced a reorganization of the Invesco Dynamic Credit Opportunities Fund (VTA) into a closed-end interval fund, approved by shareholders on September 3, 2021. This new fund will offer liquidity through quarterly repurchase offers and will maintain a similar investment strategy. Additionally, a tender offer for up to 12,596,028 common shares, representing 20% of the total shares, starts on September 8, 2021. The shares will be purchased at 98.5% of the net asset value, with a closing date anticipated in October 2021.
The Board of Trustees for Invesco Dynamic Credit Opportunities Fund (VTA), Invesco High Income Trust II (VLT), and Invesco Senior Income Trust (VVR) announced dividends to be paid to shareholders. The ex-date for these dividends is September 13, 2021, with a record date of September 14, and payable date on September 30, 2021. The monthly dividends per share are set at $0.0750 for VTA, $0.0964 for VLT, and $0.0210 for VVR. These funds have established Managed Distribution Plans to ensure consistent payments, although a portion of the dividends may represent a return of capital rather than net income.
The Board of Trustees of Invesco Dynamic Credit Opportunities Fund (VTA), Invesco High Income Trust II (VLT), and Invesco Senior Income Trust (VVR) announced dividend distributions for June 2021. VTA will pay $0.0750, VLT will pay $0.0964, and VVR will pay $0.0210 per share. The ex-dividend date for all funds was June 11, 2021, with payments made on June 30, 2021. Each fund operates under a Managed Distribution Plan, ensuring regular payments regardless of income earned or capital gains realized, potentially including return of capital in distributions.
Invesco Advisers announced that the Board of Trustees of Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) approved a change in the Fund's investment policy on June 16, 2021. The revised policy allows the Fund to invest up to 20% of its total assets in various equity securities, including common and preferred stocks, which were previously limited to equity from debt restructurings only. While the investment objective remains unchanged, this new strategy aims to enhance portfolio management and meet income generation goals. The Fund will now face increased volatility and market risks associated with equity investments.
The Board of Trustees of Invesco Dynamic Credit Opportunities Fund (VTA), Invesco High Income Trust II (VLT), and Invesco Senior Income Trust (VVR) has announced dividend declarations. The ex-date for all funds is June 11, 2021, with a record date of June 14, 2021, and a payable date of June 30, 2021. Monthly dividends are set at $0.0750 for VTA, $0.0964 for VLT, and $0.0210 for VVR. The dividends are part of their Managed Distribution Plans, which aim to provide stable periodic payments to shareholders. A portion of these distributions may come from a return of principal.
