Invesco High Income Trust II and Invesco Senior Income Trust Pay Dividends
PR Newswire
ATLANTA, Jan. 31, 2025
ATLANTA, Jan. 31, 2025 /PRNewswire/ -- The Board of Trustees (the "Board") of each of Invesco High Income Trust II and Invesco Senior Income Trust (each, a "Fund" and collectively, the "Funds") today announces the payment of the following dividends:
EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE
--------- ----------- ------------- ------------
1/17/2025 1/17/2025 1/31/2025 1/31/2025
Monthly
Name of Closed-End Dividend Change % Change
Management Investment Amount Per From Prior From Prior
Company Ticker Share Distribution Distribution
-------------------------- ------- ----------- ------------- -------------
Invesco High Income Trust
II VLT $0.0964(1) - -
-------------------------- ------- ----------- ------------- -------------
Invesco Senior Income
Trust VVR $0.0380(1) -0.0050 -12 %
-------------------------- ------- ----------- ------------- -------------
(1) A portion of this distribution is estimated to be from a return of
principal rather than net income. The Section 19 notice referenced below
provides more information and can be found on the Invesco website at
www.invesco.com.
Effective August 1, 2018, the Board of Invesco High Income Trust II $(VLT)$ 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 VVR Plan and the VLT Plan are collectively referred to herein as the "Plans."
The Board of Trustees (the "Board") of Invesco Senior Income Trust $(VVR)$ (the "Fund") approved a decrease in the monthly distribution amount payable to common shareholders pursuant to the Fund's Managed Distribution Plan (the "Plan"). Effective January 1, 2025, the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.0380 per share, a decrease from a stated fixed monthly distribution amount of $0.0430 per share.
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.
January 2025
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Estimated Return of
Net Realized Capital Principal (or Other
Net Investment Income Gains Capital Source)
--------------------- --------------------- --------------------- ------------
Total
Current
Per Per Per Distribution
Share % of Current Share % of Current Share % of Current (common
Fund Amount Distribution Amount Distribution Amount Distribution share)
-------- ------- ------------ ------- ------------ ------- ------------ ------------
Invesco
High
Income
Trust
II $0.0621 64.42 % $0.0000 0.00 % $0.0343 35.58 % $0.0964
-------- ------- ------------ ------- ------------ ------- ------------ ------------
Invesco
Senior
Income
Trust $0.0297 78.16 % $0.0000 0.00 % $0.0083 21.84 % $0.0380
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CUMULATIVE FISCAL YEAR-TO-DATE (YTD) December 31, 2024*
-------- ---------------------------------------------------------------------------------
Return of Principal
Net Realized Capital (or Other Capital
Net Investment Income Gains Source)
--------------------- --------------------- --------------------- ------------
Total FYTD
Per Per Per Distribution
Share % of 2024 Share % of 2024 Share % of 2024 (common
Fund Amount Distribution Amount Distribution Amount Distribution share)
-------- ------- ------------ ------- ------------ ------- ------------ ------------
Invesco
High
Income
Trust
II $0.5830 60.48 % $0.0000 0.00 % $0.3810 39.52 % $0.9640
-------- ------- ------------ ------- ------------ ------- ------------ ------------
Invesco
Senior
Income
Trust $0.3752 87.26 % $0.0000 0.00 % $0.0548 12.74 % $0.4300
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* 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 2025 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:
Five year
period ending
Fiscal Year-to-date March 1, 2024 to December December 31,
31, 2024 2024
-------------- ---------------------------------------------- --------------
FYTD Current
Cumulative Cumulative Annualized Average Annual
Total Distribution Distribution Total Return
Fund Return(1) Rate (2) Rate (3) (4)
-------------- -------------- -------------- -------------- --------------
Invesco High
Income Trust
II 8.36 % 8.45 % 10.15 % 3.39 %
-------------- -------------- -------------- -------------- --------------
Invesco Senior
Income Trust 7.39 % 10.89 % 12.81 % 6.67 %
-------------- -------------- -------------- -------------- --------------
(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, 2024 to December 31, 2024) 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, 2024.
(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, 2024.
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