RiverNorth Capital Management, LLC filed Amendment No. 2 to a Schedule 13G/A reporting beneficial ownership of 4,387,056 shares of Invesco Municipal Trust common stock, representing 7.93% of the class as of 03/31/2026. The filing is signed on 05/15/2026.
The report lists sole voting and dispositive power over the reported shares and states other persons have the right to receive proceeds from sale of the securities. The filing is a passive beneficial ownership disclosure under the applicable Schedule 13G framework.
Positive
None.
Negative
None.
Insights
Large passive holding disclosed: 4,387,056 shares (7.93%)
The filing documents a 7.93% passive stake in Invesco Municipal Trust held by RiverNorth Capital Management, LLC as of 03/31/2026. It records sole voting and dispositive power for RiverNorth over the reported shares.
Implications depend on RiverNorth's mandate and client instructions; the disclosure signals a meaningful institutional position but is framed as passive under Schedule 13G reporting norms.
Amendment clarifies ownership and beneficiary arrangements
The amendment notes that other persons have rights to proceeds from sales, indicating the holdings may be for accounts or clients rather than proprietary capital. The report follows Schedule 13G/A presentation: amounts, voting power, and dispositive power are itemized.
Reviewers should note the signature date 05/15/2026 and the reporting period 03/31/2026; subsequent filings may update these figures.
Key Figures
Beneficial ownership:4,387,056 sharesPercent of class:7.93%CUSIP:46131J103+1 more
4 metrics
Beneficial ownership4,387,056 sharesas of <date>03/31/2026</date>
Percent of class7.93%reported percentage of common shares
CUSIP46131J103Invesco Municipal Trust common shares
Signature date05/15/2026filing signed by Marcus Collins, General Counsel and CCO
Key Terms
Schedule 13G/A, Beneficial ownership, Sole dispositive power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 2 to a Schedule 13G/A reporting beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficial ownershipfinancial
"Amount beneficially owned: 4,387,056 (b) Percent of class: 7.93 %"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole dispositive powerregulatory
"Sole power to dispose or to direct the disposition of: 4,387,056"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
What did RiverNorth (VKQ) report in this Schedule 13G/A?
RiverNorth reported beneficial ownership of 4,387,056 shares, equal to 7.93% of the class. The filing lists sole voting and dispositive power over those shares and states other persons have rights to proceeds from sale, with the position dated 03/31/2026.
Does this Schedule 13G/A indicate RiverNorth is an active manager in VKQ?
The filing is a passive Schedule 13G/A disclosure and does not assert active control. It records sole voting and dispositive power for RiverNorth over the reported shares but frames the position within passive ownership reporting conventions.
What date do the ownership figures reference in the filing?
The ownership amount is reported as of 03/31/2026 and the amendment is signed on 05/15/2026. The filing ties the 4,387,056-share position and the 7.93% percentage to that reporting date.
Who has the right to proceeds from any sale of the reported shares?
The filing states that other persons have the right to receive proceeds from sale of the securities reported. This indicates some or all holdings may be held for accounts or clients rather than solely as proprietary RiverNorth assets.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Invesco Municipal Trust
(Name of Issuer)
Common Shares, $0.01 par value
(Title of Class of Securities)
46131J103
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
46131J103
1
Names of Reporting Persons
RIVERNORTH CAPITAL MANAGEMENT, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,387,056.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,387,056.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,387,056.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
7.93 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Invesco Municipal Trust
(b)
Address of issuer's principal executive offices:
1331 Spring Street N.W., Suite 2500, Atlanta, GA 30309
Item 2.
(a)
Name of person filing:
RiverNorth Capital Management, LLC
(b)
Address or principal business office or, if none, residence:
360 S. Rosemary Avenue, Ste. 1420
West Palm Beach, Florida 33401
(c)
Citizenship:
Delaware
(d)
Title of class of securities:
Common Shares, $0.01 par value
(e)
CUSIP No.:
46131J103
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
4,387,056
(b)
Percent of class:
7.93 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
4,387,056
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
4,387,056
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Other persons have the right to receive the proceeds from the sale of the securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
Not applicable.
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
Not applicable.
Item 9.
Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
Not applicable.
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
RIVERNORTH CAPITAL MANAGEMENT, LLC
Signature:
/s/ Marcus Collins
Name/Title:
Marcus Collins, General Counsel and Chief Compliance Officer
