Le Lézard
Classified in: Business
Subject: DIV

Invesco Closed-End Funds Pay Dividends


ATLANTA, Jan. 29, 2021 /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

1/14/21

RECORD DATE
1/15/21

REINVEST DATE
1/29/21

PAYABLE DATE
1/29/21

Name of Closed-End
Management Investment Company

 

Ticker

Dividend Amount
Per Share
(monthly)

Change From Prior
Distribution

Invesco Dynamic Credit Opportunities Fund

VTA

$0.07501

-

Invesco High Income Trust II

VLT

$0.09641

-

Invesco Senior Income Trust

VVR

$0.02101

-








1

A portion of this distribution is estimated to be from a return of capital 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

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 pays its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.075 per share.

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 pays its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.021 per share.

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."

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.  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.

The following tables set forth the estimated amounts of the current distribution and the cumulative distributions paid this fiscal year to date from the sources indicated.  You should not draw any conclusions about the Funds' investment performance from the amount of this distribution or from the terms of the Plans. All amounts are expressed per common share.  Each Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution is estimated to be a return of capital.  A return of capital may occur, for example, when some or all of the money that you invested in a Fund is paid back to you.  A return of capital distribution does not necessarily reflect the Funds' investment performance and should not be confused with "yield" or "income." The amounts and sources of distributions reported in the 19(a) Notice 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 on each Fund's investment experience during the remainder of its 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. 

Fund

JANUARY 2021

Net Investment
Income

Net Realized Capital
Gains

Return of Capital
(or Other Capital
Source)

Total Current
Distribution
(common share)

Per Share
Amount

% of Current
Distribution

Per Share
Amount

% of Current
Distribution

Per Share
Amount

% of Current
Distribution

Invesco High Income Trust II

$0.0635

65.87%

$0.0000

0.00%

$0.0329

34.13%

$0.0964

Invesco Dynamic Credit Opportunities Fund

$0.0450

60.00%

$0.0000

0.00%

$0.0300

40.00%

$0.0750

Invesco Senior Income Trust

$0.0166

79.05%

$0.0000

0.00%

$0.0044

20.95%

$0.0210









Fund

CUMULATIVE FISCAL YEAR-TO-DATE (YTD) December 31, 2020*

Net Investment
Income

Net Realized Capital Gains

Return of Capital
(or Other Capital Source)

Total FYTD
Distribution
(common share)

Per Share
Amount

% of 2020
Distribution

Per Share
Amount

% of 2020
Distribution

Per Share
Amount

% of 2020
Distribution

Invesco High Income Trust II

$0.8328

86.39%

$0.0000

0.00%

$0.1312

13.61%

$0.9640

Invesco Dynamic Credit Opportunities Fund

$0.6996

93.28%

$0.0000

0.00%

$0.0504

6.72%

$0.7500

Invesco Senior Income Trust

$0.1799

82.15%

$0.0000

0.00%

$0.0391

17.85%

$0.2190

* Form 1099-DIV for the calendar year will report distributions for federal income tax purposes.  Each Fund's annual report to shareholders will include information regarding the tax character of Fund distributions for the fiscal year.  The final determination of the source and tax characteristics of all distributions in 2020 will be made after the end of the year.

The monthly distributions are based on estimates and terms of each Fund's Plan. Monthly distribution amounts may vary from these estimates based on a multitude of factors.  Changes in portfolio and market conditions may cause deviations from estimates.  These estimates should not be taken as indication of a Fund's earnings and performance.   The actual amounts and its sources may be subject to additional adjustments and will be reported after year end.

Each Fund's Performance and Distribution Rate Information disclosed in the table below is based on the Fund's net asset value per share (NAV). Shareholders should take note of the relationship between the Fiscal Year-to-date Cumulative Total Return with the Fund's Cumulative Distribution Rate and the Average Annual Total Return with the Fund's Current Annualized Distribution Rate. Each Fund's NAV is calculated as the total market value of all the securities and other assets held by the Fund minus the total liabilities, divided by the total number of shares outstanding. NAV performance may be indicative of a Fund's investment performance.  The value of a shareholder's investment in each Fund is determined by the Fund's market price, which is based on the supply and demand for the Fund's shares in the open market.

Funds' Performance and Distribution Rate Information:

Fund

Fiscal Year-to-date March 1, 2020
to December 31, 2020

Five year period ending
December 31, 2020

FYTD
Cumulative
Total Return 1

Cumulative
Distribution
Rate 2

Current
Annualized
Distribution
Rate 3

Average
Annual
Total Return 4

Invesco High Income Trust II

9.28%

6.40%

7.68%

8.77%

Invesco Dynamic Credit Opportunities Fund

3.03%

6.39%

7.67%

7.55%

Invesco Senior Income Trust

3.12%

4.90%

5.84%

6.62%

 

1 Fiscal year-to-date Cumulative Total Return assumes reinvestment of distributions.  This is calculated as the percentage change in the Fund's NAV over the fiscal year-to-date time period including distributions paid and reinvested.


2 Cumulative Distribution Rate for the Fund's current fiscal period (March 1, 2020 through December 31, 2020) is calculated as the dollar value of distributions in the fiscal year-to-date period as a percentage of the Fund's NAV as of December 31, 2020.


3 The Current Annualized Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of December 31, 2020.


4 Average Annual Total Return represents the compound average of the annual NAV Total Returns of the Fund for the five-year period ending December 31, 2020.  Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and reinvested.

In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, each Fund will provide its shareholders of record on the record date with a 19(a) Notice disclosing the sources of its dividend payment when a distribution includes anything other than net investment income.

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 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 $1.3 trillion in assets on behalf of clients worldwide as of December 31, 2020. 

For more information, visit www.invesco.com.

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, [email protected]

SOURCE Invesco Ltd.


These press releases may also interest you

at 10:00
Frost & Sullivan recently researched the customer experience outsourcing services industry and, based on its findings, recognizes AeC with the 2023 Company of the Year Award. AeC is connecting technology with outstanding customer service to increase...

at 10:00
Seniors Helping Seniors® in-home care services, a franchisor with over 125 franchise partners and more than 200 territories nationwide, has grown rapidly in recent years by building a workforce of talented caregivers who create meaningful...

at 10:00
PKF Clear Thinking, the award-winning business advisory firm and subsidiary of PKF O'Connor Davies, one of the nation's largest accounting, tax and advisory practices, is proud to announce that it has been awarded the "Section 363 Sale of the Year...

at 10:00
PLACE, the industry's only all-in-one platform for top teams at any brokerage, has announced that Spring Bengtzen and Utah Life Real Estate Group are now powered by PLACE. PLACE improves profitability and production to make running a real estate...

at 10:00
Bat Aroundtm announced its first MLB team partnership with the Tampa Bay Rays bringing the new game to Tropicana Field for the 2024 season. It's baseball meets video game. Hit the baseball and the computer animation plays out on the screen to gamify...

at 09:30
Connolly Brothers Inc., a construction management firm serving private commercial, industrial and institutional clients, recently completed a 52,000 square-foot design-build fit-up project for Calare Properties. The facility, located in Milford, MA,...



News published on and distributed by: