ATLANTA, June 14, 2018 /PRNewswire/ -- Invesco Advisers,
Inc. announced today the successful pricing and private placement
of Variable Rate Demand Preferred Shares (VRDPs) with qualified
institutional buyers, as defined in Rule 144A under the Securities
Act of 1933, as amended (the Securities Act). Invesco Senior
Income Trust (VVR) will issue $125,000,000 in aggregate liquidation preference
of VRDPs. Invesco Dynamic Credit Opportunities Fund (VTA)
will issue $125,000,000 in aggregate
liquidation preference of VRDPs. Both issuances will occur on
or about June 14, 2018. Both
VVR and VTA will use the proceeds of the VRDP issuance to
simultaneously redeem outstanding Variable Rate Term Preferred
Shares in the amount of $75,000,000
per fund. Each fund intends to use the proceeds of the VRDP
issuance to invest in accordance with its investment
policies.
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. No VRDPs have been registered
under the Securities Act or any state securities laws. Unless so
registered, no VRDPs 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.'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 FDIC INSURED l MAY LOSE VALUE l NO BANK
GUARANTEE
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SOURCE Invesco Ltd.