Invesco High Income Trust II Announces Dividend Updates
Overview of Invesco's Recent Dividend Declarations
Invesco High Income Trust II and Invesco Senior Income Trust, two prominent funds managed by Invesco, have recently declared their upcoming dividends. These announcements reflect the funds' commitment to providing consistent returns to their shareholders, reinforcing their positions in the investment community.
Details of the Dividend Declarations
The Board of Trustees for both funds has specified the following critical dates regarding their dividends. For the Invesco High Income Trust II (ticker: VLT), shareholders can expect an ex-dividend date and record date scheduled on the same day. The reinvestment date and the payment date are also aligned, targeting a streamlined process for investors.
Dividend Schedule
The forthcoming dividends are characterized by the following schedule:
- Ex-Dividend Date: 11/15/2024
- Record Date: 11/15/2024
- Reinvestment Date: 11/29/2024
- Payment Date: 11/29/2024
Invesco Senior Income Trust (ticker: VVR) has also aligned its dividend dates closely with those of the High Income Trust II, demonstrating a synchronized approach in managing shareholder distributions.
Dividend Amounts Announced
For this distribution, Invesco High Income Trust II will be providing a monthly dividend amount of $0.0964, while the Invesco Senior Income Trust will follow suit with a monthly dividend amount of $0.0430. These amounts reflect a stable income source for the funds' investors.
Reflecting on Past Performance
Interestingly, Invesco Senior Income Trust has seen a recent increase in its monthly distribution, moving from $0.0390 per share to the new amount of $0.0430. This reflects an upward trend in their dividend strategy and showcases the Trust's dedication to enhancing shareholder value.
Understanding the Managed Distribution Plans
Both funds operate under managed distribution plans – Invesco High Income Trust II has been adhering to its Managed Distribution Plan since 2018. This approach ensures that dividends are paid consistently, regardless of income earned or capital gains realized within the funds. It aims to minimize the gap between the market price of the shares and their net asset value.
The Impact of Financial Strategy
The distributed dividends might sometimes require the funds to use capital gains or return of principal to maintain the necessary payout levels. These strategies help uphold the dividend consistency and reflect the funds' ongoing performance evaluations, vital for maintaining shareholder trust.
Compliance and Reporting Obligations
Invesco has set forth compliance measures in alignment with the Investment Company Act of 1940, ensuring shareholders receive requisite notices that provide insights into the sources of their dividend payments. This compliance shows a robust commitment to transparency in financial reporting.
Tax Reporting Considerations
Shareholders are also reminded that the amounts reported in the 19(a) Notices serve as estimates prepared primarily for informational purposes. The actual amounts relevant for tax reporting will be communicated during the fiscal year end, ensuring that shareholders have accurate information for their financial planning.
Invesco's Growth and Global Reach
Invesco Ltd. has positioned itself as a significant player in the investment management sector. With a global footprint, managing approximately $1.79 trillion in assets, Invesco continues to deliver a wide range of investment solutions tailored to meet the needs of an evolving market. Their diverse investment capabilities include active, passive, and alternative strategies, cementing their reputation as a leader in the industry.
Investor Relations Contact
For any inquiries relating to the closed-end funds, investors can easily reach out to Invesco at 800-341-2929. The firm’s customer support is well-equipped to assist with any specific questions regarding the funds or overall investment strategies.
Frequently Asked Questions
What dividend amount has been declared for Invesco High Income Trust II?
Invesco High Income Trust II has declared a monthly dividend of $0.0964 per share.
When will the dividends be payable?
The dividends for both funds will be payable on November 29, 2024.
What does the Managed Distribution Plan entail?
The Managed Distribution Plan ensures regular dividend payments to shareholders, regardless of income generated or capital gains.
How does the dividend amount affect shareholders?
Dividend amounts provide a measure of return on investment, which can influence the overall performance and attractiveness of the funds.
Who can investors contact for more information about the funds?
Investors can contact Invesco directly at 800-341-2929 for detailed inquiries regarding the funds.
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