Invesco (IVZ) Stock News, Jul-Sep 2022

SOFR Academy, Inc. has launched innovative USD Across-the-Curve Credit Spread Indices (AXI) and USD Financial Conditions Credit Spread Indices (FXI), now available through Bloomberg and Refinitiv. These indices create a credit-sensitive interest rate when combined with various forms of SOFR, contributing to the transition from USD LIBOR. The indices are robust, calculated from extensive market transactions, adapting to changes in bank funding. Licensing fees for market data vendors and regulators have been waived to encourage adoption.

The Board of Trustees of Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) announced the payment of dividends on August 31, 2022. VLT will distribute $0.0964 per share, unchanged from prior distributions, while VVR will pay $0.0260 per share, also unchanged. The ex-date for both funds was August 12, 2022, with a record date of August 15, 2022, and the payable date coinciding with the announcement. Investors should note that part of these distributions may derive from a return of capital rather than net income.

Invesco Ltd. (NYSE: IVZ) announced the launch of the Invesco Agriculture Commodity Strategy No K-1 ETF (PDBA), expanding its commodities ETF suite. This ETF provides exposure to a diversified range of agricultural commodities while issuing a Form 1099 tax form, making it more favorable than traditional funds that issue a Schedule K-1. The fund targets long-term capital appreciation through active management, aiming to outperform the DBIQ Diversified Agriculture Index. Invesco's commodities ETFs have attracted over $3.2 billion in inflows in 2022, highlighting growing investor interest in this sector.

Tour24 has appointed Satish Janumpalli as Chief Technology Officer and Joanna Hackney as Chief Operating Officer to enhance its leadership team. Janumpalli brings 15 years of experience in technology innovation, while Hackney has 25 years in the property industry. The company is expanding its user base and has secured notable clients such as Toll Brothers, Invesco, and Rangewater Real Estate, reflecting its growth in the competitive rental market. Tour24 provides an on-demand platform for self-guided apartment tours.

Invesco Ltd. (NYSE: IVZ) reported a preliminary total of $1,449.0 billion in assets under management (AUM) as of July 31, 2022, reflecting a 4.2% increase from the previous month. Despite this increase, the firm faced net long-term outflows of $5.2 billion. Net inflows from non-management fee earning assets were $1.4 billion, while money market inflows contributed $5.1 billion. AUM growth was driven by favorable market conditions, enhancing AUM by $57 billion. The preliminary average total AUM for the quarter stood at $1,408.7 billion.

The Board of Trustees of Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR) declared dividends effective August 31, 2022. VLT will distribute a monthly dividend of $0.0964 per share, maintaining its prior distribution level. VVR will see an increase in its monthly dividend to $0.0260 per share from $0.0210 per share, effective April 1, 2022. These distributions are part of their respective Managed Distribution Plans aimed at providing consistent cash payments, though they may include returns of capital.

Invesco Ltd. (NYSE: IVZ) announced the final close of its Invesco Credit Partners Fund II on June 30, 2022, raising $644 million, exceeding initial targets. The Fund focuses on distressed credit and special situations in developed markets, particularly targeting small capitalization companies. Managed by Invesco Senior Secured Management, the Fund aims to leverage inefficiencies for higher returns while minimizing risks. The investment strategy led by Paul Triggiani emphasizes senior positions in capital structures. Invesco manages $1.4 trillion in assets globally as of June 30, 2022.

Invesco Ltd. reported a second quarter diluted EPS of $0.26, down 39.5% from the previous quarter and 67.1% year-over-year, with adjusted diluted EPS at $0.39. The company faced $6.8 billion in net long-term outflows and a 10.6% decrease in ending AUM to $1.39 trillion. Despite significant challenges, inflows of $4.8 billion in ETFs and $2.2 billion in Active Fixed Income were noted. Operating income declined 8.7% from Q1 and 26.8% from Q2 2021, while the adjusted operating margin stood at 35.1%. The company redeemed $600 million in senior notes, improving its balance sheet.

Invesco Indexing LLC has officially launched the USD Across-the-Curve Credit Spread Indices (AXI) and USD Financial Conditions Credit Spread Indices (FXI) in partnership with SOFR Academy. Aimed at facilitating the transition from USD LIBOR, AXI and FXI are designed to provide credit-sensitive rates in conjunction with the Secured Overnight Financing Rate (SOFR). These indices are calculated daily and intended to address challenges faced by banks in implementing credit spread adjustments for SOFR-based loans, enhancing market liquidity and transparency.