ATLANTA, Sept. 22,
2023 /PRNewswire/ -- Invesco Advisers, Inc., a
subsidiary of Invesco Ltd. (NYSE: IVZ), announced today that the
Board of Trustees (the "Board") of Invesco Senior Income Trust
(NYSE: VVR) (the "Fund") approved an increase in the monthly
distribution amount payable to common shareholders pursuant to the
Fund's Managed Distribution Plan (the "Plan"). Effective
October 1, 2023, the Fund will pay
its monthly dividend to common shareholders at a stated fixed
monthly distribution amount of $0.0430 per share, an increase from a stated
fixed monthly distribution amount of $0.0390 per share. The increase will be reflected
in the Fund's distribution payable on October 31, 2023.
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 the 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 the Plan. The 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 the Fund is
paid back to them. A return of capital distribution does not
necessarily reflect the Fund's investment performance and should
not be confused with "yield" or "income." No conclusions
should be drawn about the Fund's investment performance from the
amount of the Fund's distributions or from the terms of the
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 Fund by the Securities and Exchange Commission, the 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 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 Fund's 19(a) Notices can be
found at www.invesco.com.
The final determination of the source and tax characteristics
of all distributions in 2023 will be made after the end of the
year.
The Plan is subject to periodic review by the Board, and the
Board may terminate or amend the terms of the Plan at any time
without prior notice to the Fund's shareholders. The amendment or
termination of the Plan could have an adverse effect on the market
price of the Fund's common shares.
The amount of dividends paid by the 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 Fund.
For additional information, shareholders of the closed end
fund may contact Jeaneen Terrio at
212-278-9205, Jeaneen.Terrio@invesco.com.
This communication is not intended to, and shall not,
constitute an offer to purchase or sell shares of any of the
Invesco Funds, including the Fund.
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 US$1.4 trillion in assets on
behalf of clients worldwide as of December
31, 2022. For more information, visit www.invesco.com.
Invesco Distributors, Inc. is the U.S. distributor for Invesco
Ltd.'s retail products. 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 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
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SOURCE Invesco Ltd.