Invesco High Income Trust II and Senior Income Trust Announce Dividends
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Invesco High Income Trust II and Senior Income Trust Declare Dividends
The Board of Trustees of both Invesco High Income Trust II and Invesco Senior Income Trust recently declared significant dividends, marking a notable moment for investors in these funds.
Dividend Declaration Details
The Funds have announced the following key dividend dates: the ex-date and record date set for September 17, 2024, with reinvestment and payable dates scheduled for September 30, 2024. This demonstration of commitment highlights the Funds' ongoing strategy to provide returns to their shareholders.
Invesco High Income Trust II Overview
Invesco High Income Trust II (NYSE: VLT) continues to uphold its financial strategies through its Managed Distribution Plan, which is designed to offer a consistent payment approach to common shareholders. Starting from the effective date of the plan, the Fund's monthly dividend stands at $0.0964 per share.
Importance of Managed Distribution Plan
The Managed Distribution Plan serves not just as a payout mechanism but as a means to provide predictable income to shareholders. This reflects Invesco's focus on maintaining shareholder value and stabilizing investment returns.
Invesco Senior Income Trust Update
Invesco Senior Income Trust (NYSE: VVR) has also adjusted its monthly dividend in line with recent evaluations and shareholder feedback. The new payment of $0.0430 per share, effective from October 1, 2023, is an increase from $0.0390 per share, showing the fund's strong performance and commitment to its investors.
Understanding Distribution Changes
These distribution increases stem from careful assessments of the funds' capital management and market conditions, reflecting their ability to deliver consistent returns, even in fluctuating financial climates.
Distribution Approach and its Implications
The Boards of both funds indicate a focused strategy to sustain their distribution levels through possible capital gains or returns of capital. Such measures ensure that shareholders receive their dues, irrespective of immediate income generated by the funds.
Shareholders are advised that a portion of the distributions could represent a return of capital. This concept is crucial as it influences the underlying value of shares but doesn’t necessarily signal poor performance. Each fund endeavors to optimize performance while maintaining dividend confidence through calculated payouts.
Tax Reporting and Compliance
To comply with regulatory frameworks, including the Investment Company Act of 1940, shareholders will receive notices detailing distribution sources. It’s important to note that estimates provided for tax purposes could differ based on actual fund performance throughout the fiscal year. For accurate tax reporting, investors can expect a Form 1099-DIV summarizing the relevant details.
Ongoing Commitment and Investor Engagement
These dividends and the underlying management strategies aim to bridge the gap between market price and net asset value, benefiting investors in the long run. Invesco emphasizes an open line for shareholder inquiries through their contact center, ensuring transparency and ongoing support.
About Invesco Ltd.
Invesco Ltd. stands as an independent global investment management firm that aims to enhance investors’ portfolios through a diverse array of investment strategies. Management oversees assets exceeding $1.71 trillion as of mid-2024, showcasing the firm's expansive reach and commitment to investment excellence.
Frequently Asked Questions
What are the new monthly dividend amounts for Invesco funds?
The new monthly dividend for Invesco High Income Trust II is $0.0964 per share, while Invesco Senior Income Trust will pay $0.0430 per share.
When are the dividend ex-date and record date?
Both funds have set the ex-date and record date for September 17, 2024.
What is a Managed Distribution Plan?
A Managed Distribution Plan allows funds to provide regular dividend payments to investors, helping to stabilize expected income from investments.
How does a return of capital affect my investment?
A return of capital means that shareholders are receiving back some of their initial investment, which can affect the overall value and yield of your shares.
Who should I contact for more information?
For further inquiries, shareholders can call Invesco at 800-341-2929 for comprehensive support and guidance.
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