ATLANTA, July 14, 2017 /PRNewswire/ — Invesco Dynamic Credit Opportunities Fund and Invesco Senior Income Trust (the “Funds”) have each halted the periodic optional redemption of such Fund’s variable rate term preferred shares (“VRTPs”). The redemptions began May 1, 2017 and full redemption was scheduled for September 1, 2017; however, today the holder of each Fund’s VRTPs transferred to a new holder the outstanding VRTPs, with an aggregate liquidation preference of $75 million per Fund. The Board of Trustees of each Fund has approved an amended and restated statement of preferences for the VRTPs, which sets forth new terms of the VRTPs, including a term redemption date of July 31, 2020.
Invesco Advisers, Inc. believes that the leverage provided by the VRTPs will enhance its ability to manage each Fund’s portfolio in the best interests of shareholders and to meet each Fund’s investment objectives.
Investing involves risk and it is possible to lose money on any investment in the Funds. This information does not constitute an offer for sale of any securities or a solicitation of any proxy. No VRTPs have been registered under the Securities Act of 1933 or any state securities laws. Unless so registered, no VRTPs may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
About Invesco Ltd. Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd. Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Each entity is a wholly owned, indirect subsidiary of Invesco Ltd.
Note: There is no assurance that a closed-end fund will achieve its investment objective. Common shares are bought and sold on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.
NOT FDIC INSURED l MAY LOSE VALUE l NO BANK GUARANTEE
SOURCE Invesco Ltd.