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
—Invesco—
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SOURCE Invesco Ltd.