Invesco Senior Income Trust Declares Dividend
The Board of Invesco Senior Income Trust (VVR) declared an additional dividend of $0.0607 per share, payable on December 31, 2021. The ex-dividend date is December 21, 2021, and the record date is December 22, 2021. Since October 1, 2020, the Fund has followed a Managed Distribution Plan, providing a fixed monthly distribution of $0.021 per share. The distribution is designed to meet federal income requirements and may include returns of capital if investment income is insufficient.
- Declaration of an additional dividend of $0.0607 enhances shareholder income.
- Consistent monthly dividend distribution of $0.021 supports cash flow for investors.
- Managed Distribution Plan aims to narrow market price and net asset value gap.
- A portion of the distribution may be a return of capital, not reflecting investment performance.
- The potential amendment or termination of the Managed Distribution Plan could adversely affect share prices.
ATLANTA, Dec. 10, 2021 /PRNewswire/ -- The Board of Trustees (the "Board") of Invesco Senior Income Trust (the "Fund") today declared an additional dividend :
EX-DATE 12/21/21 | RECORD DATE | REINVEST DATE | PAYABLE DATE | ||
Name of Closed-End | Ticker | Dividend Amount Per Share | |||
Invesco Senior Income Trust | VVR | ||||
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
The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Fund, regardless of when or whether income is earned, or capital gains are realized. The Plan may have the effect of narrowing the discount between the Fund's market price and the net asset value ("NAV") of the Fund's common shares, but there is no assurance that the Plan 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.
This distribution is an additional dividend paid to meet federal income and excise requirements, such as Subchapter M (RIC status) and Section 4982 (Minimum Distribution Rules). This distribution does not change the terms of the Plan.
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. |
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, the Fund will provide its shareholders of record on the 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 the Fund's investment experience during the remainder of its full fiscal year and may be subject to changes based on tax regulations. The 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 2021 will be made after the end of the year.
The Plan will be subject to periodic review by the 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 additional information, shareholders of the closed end fund may call Invesco at 800-983-0903.
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 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.
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