Invesco Ltd Stock Price, News & Analysis

Invesco Trust for Investment Grade New York Municipals (VTN) and Invesco Pennsylvania Value Municipal Income Trust (VPV) have announced plans for cash tender offers for 25% of their outstanding common shares. The tender price is set at 99% of each Fund's net asset value (NAV) per share. The tender offers will commence between October 31, 2024, and November 8, 2024. The move follows a Standstill Agreement with Saba Capital Management, L.P., requiring Saba to comply with specific standstill covenants. Over-subscription will lead to pro rata share repurchases. Further details will be provided in future press releases, and relevant documents will be available on the SEC website.

Invesco announced the addition of two new BulletShares ETFs to its fixed income lineup on June 12, 2024. These ETFs, the BulletShares 2034 Corporate Bond ETF (BSCY) and the BulletShares 2032 High Yield Corporate Bond ETF (BSJW), aim to offer higher yields and better visibility on potential returns. The BulletShares ETFs combine the advantages of ETF investing with the benefits of individual bonds, including increased liquidity, low costs, and broad diversification. These new products are designed to hedge against interest rate volatility and provide investors with monthly income and cash distribution at termination. Invesco also offers a BulletShares ETF Bond Ladder Tool to help investors manage their income streams and risk exposure effectively.

Invesco (NYSE: IVZ) announced that its assets under management (AUM) reached $1,687.7 billion as of May 31, 2024, marking a 3.8% increase compared to the previous month. The firm saw net long-term inflows of $5.2 billion, non-management fee earning inflows of $5.7 billion, and money market inflows of $7.7 billion. Market returns and favorable FX rates contributed $42 billion and $2.3 billion respectively to the AUM. Preliminary average total AUM for the quarter through May 31 were $1,651.5 billion, with average active AUM at $991.1 billion

Breakdown by categories: ETFs & Index Strategies at $405.6 billion, Fundamental Fixed Income at $271.5 billion, Fundamental Equities at $268.3 billion, Private Markets at $127.7 billion, APAC Managed at $111.5 billion, Multi-Asset/Other at $60 billion, Global Liquidity at $173 billion, and QQQ at $270.1 billion.

The Board of Trustees of Invesco High Income Trust II (NYSE: VLT) and Invesco Senior Income Trust (NYSE: VVR) announced dividends for May 2024. Effective August 1, 2018, VLT adopted a Managed Distribution Plan, establishing a fixed monthly distribution rate of 8.5% based on the closing market price. VVR increased its monthly dividend to $0.043 per share from $0.039 effective October 1, 2023.

For May 2024, VLT’s distribution per common share comprises 60.06% net investment income ($0.0579) and 39.94% return of principal ($0.0385). VVR’s distribution includes 73.02% net investment income ($0.0314) and 26.98% return of principal ($0.0116). Fiscal Year-to-date distributions for VLT and VVR are $0.1928 and $0.0860 per share, respectively, with significant portions being return of capital and investment income.

Investment performance metrics for March 1, 2024 to April 30, 2024 indicate a fiscal year-to-date total return of 11.08% for VLT and 14.18% for VVR. Current annualized distribution rates are 10.24% for VLT and 12.71% for VVR. Past performance is not indicative of future results and dividend amounts may vary.

Invesco (NYSE: IVZ) announced that Andrew Schlossberg, President and CEO, will participate in a fireside chat at the Bernstein Strategic Decisions Conference. The event is scheduled for May 31, 2024, at 10:00am EDT in New York, NY. A live audio webcast will be available on Invesco's investor relations website, with a replay option for those who cannot attend the live session.

On May 23, 2024, Invesco announced dividends for Invesco High Income Trust II (VLT) and Invesco Senior Income Trust (VVR). Both funds declared dividends payable on June 28, 2024. VLT's monthly dividend remains at $0.09641 per share, while VVR's remains at $0.04301 per share, following an increase from $0.0390 per share effective October 1, 2023. The managed distribution plans aim to provide consistent cash payments but may result in return of capital if income is insufficient. Distributions may affect each fund's market price and NAV discount but are not guaranteed. The funds comply with SEC regulations regarding dividend sources disclosures.

Invesco Commercial Real Estate Finance Trust (INCREF) has announced six loan originations totaling $499.2 million for 2024. These transactions target multifamily properties in high-performing submarkets, bringing their total commitments since inception to $1.2 billion across 16 loans. Key projects include two loans for a townhouse portfolio in Brooklyn, NY, totaling $270 million, and other significant loans in California and Texas. The loans focus on institutional-quality assets, well-known sponsors, and geographic diversification. INCREF aims to maintain steady operations across market cycles, with loans advanced at moderate leverage levels.

Invesco reported a decrease in assets under management (AUM) to $1,625.2 billion as of April 30, 2024. The firm experienced net long-term inflows of $5.0 billion, with non-management fee earning net inflows of $0.7 billion and money market net outflows of $1.0 billion. Unfavorable market returns and FX impacts contributed to the decrease in AUM. Preliminary average total AUM for the quarter through April 30 was $1,640.4 billion.

Invesco High Income Trust II and Invesco Senior Income Trust have declared dividends with specific dates and dividend amounts. Invesco Senior Income Trust has increased its monthly distribution amount for common shareholders. Both funds have implemented Managed Distribution Plans to provide consistent cash payments, potentially narrowing the discount between market price and net asset value. However, the Plans are not guaranteed, and distributions may include return of capital. Shareholders should be aware of potential risks and consult tax information for accurate reporting.