JPMorgan Discloses 2,500 VMTP Shares, 100% Ownership of Preferred Series

JPMorgan Chase Bank, N.A. reports beneficial ownership of 2,500 Variable Rate Muni Term Preferred Shares, Series 2015/6-VMO (CUSIP 46132C800), representing 100.00% of the preferred class based on issuer-supplied information.

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A. reports beneficial ownership of 2,500 Variable Rate Muni Term Preferred Shares, Series 2015/6-VMO (CUSIP 46132C800), representing 100.00% of the preferred class based on issuer-supplied information. JPM has shared voting power of 2,500 and sole dispositive power of 2,500. Certain voting rights were assigned to a Voting Trust established May 9, 2012, under which a Voting Consultant analyzes matters and the Voting Trustee is obligated to follow the consultant's recommendation. On November 7, 2019 JPM deposited the VMTP into a tender option bond trust that holds title but lacks disposition or voting authority.

Positive

• Complete beneficial ownership of the VMTP series is clearly documented: 2,500 shares representing 100.00% of the class.
• Clear voting arrangement established via a Voting Trust with documented roles for Voting Trustee and Voting Consultant.
• Title versus control clarified: the tender option bond trust holds title but does not have disposition or voting power.

Negative

• None.

Insights

Securities Analyst

TL;DR: This is a routine beneficial ownership disclosure showing JPM holds all outstanding VMTP shares with voting arrangements delegated to a voting trust.

The filing documents complete beneficial ownership of the preferred series by JPMorgan Chase Bank, N.A., quantified at 2,500 shares and 100% of the class per issuer data. Voting rights are partially allocated to a Voting Trust with a Voting Consultant that makes binding recommendations for the Voting Trustee, which is relevant for shareholder voting outcomes. The deposit of the securities into a tender option bond trust transfers title but not disposition or voting authority, clarifying custody versus control.

Corporate Governance Expert

TL;DR: The document outlines governance mechanics: full economic ownership resides with JPM while voting execution involves a trustee and consultant.

The arrangement shows separation between beneficial ownership, legal title held by a TOB, and voting mechanics run through a Voting Trust structure. The Voting Trustee's obligation to follow the Voting Consultant's recommendation is a specific governance detail that concentrates decision-making in the consultant's analysis. These mechanics are material to understanding who will direct votes on matters affecting the preferred series.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who filed the Schedule 13G/A for VMTP (CUSIP 46132C800)?

The filing was made by JPMorgan Chase Bank, National Association as the reporting person.

How many VMTP shares does JPMorgan Chase beneficially own and what percent of the class is that?

JPMorgan Chase beneficially owns 2,500 shares, representing 100.00% of the preferred class per issuer-supplied information.

What voting powers does JPMorgan Chase hold for the VMTP shares?

JPM has shared voting power of 2,500 shares and sole dispositive power of 2,500 shares; it retained voting rights not assigned to the Voting Trust.

What is the role of the Voting Trust and Voting Consultant?

A Voting Trust created May 9, 2012 holds assigned voting rights; the Voting Consultant analyzes matters and the Voting Trustee is obligated to follow the consultant's recommendations.

Did JPM transfer title of the VMTP shares to another entity?

Yes, on November 7, 2019 JPM deposited 100% of the VMTP into a tender option bond trust which holds title but does not have power to dispose of or vote the securities.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/08/2025 - 03:02 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Invesco Municipal Opportunity Trust

(Name of Issuer)

Variable Rate Muni Term Preferred Shares, Series 2015/6-VMO

(Title of Class of Securities)

46132C800

(CUSIP Number)

09/04/2025

(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)

SCHEDULE 13G

CUSIP No. 46132C800

1

Names of Reporting Persons

JPMorgan Chase Bank, National Association

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,500.00
7	Sole Dispositive Power 2,500.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,500.00

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)

100.00 %

12

Type of Reporting Person (See Instructions)

BK

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Invesco Municipal Opportunity Trust
(b)	Address of issuer's principal executive offices: 1331 Spring Street NW, Suite 2500, Atlanta, GA 30309
Item 2.
(a)	Name of person filing: JPMorgan Chase Bank, National Association ("JPM")
(b)	Address or principal business office or, if none, residence: 1111 Polaris Parkway, Columbus, OH 43240
(c)	Citizenship: United States of America
(d)	Title of class of securities: Variable Rate Muni Term Preferred Shares, Series 2015/6-VMO
(e)	CUSIP No.: 46132C800
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: 2,500
(b)	Percent of class: 100.00%* * Represents percentage ownership of VMTP Shares as a percentage of all preferred shares outstanding and is calculated based on information suppled by the issuer.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 2,500** ** On May 9, 2012 JPM assigned certain preferred class voting rights on the VMTP to a voting trust (the "Voting Trust") created pursuant to the Voting Trust Agreement, dated May 9, 2012 among JPM, Lord Securities Corporation, as trustee (the "Voting Trustee") and Institutional Shareholder Services Inc. (the "Voting Consultant"), as amended. Voting and consent rights on the VMTP not assigned to the Voting Trust have been retained by JPM. The Voting Trust provides that with respect to voting or consent matters relating to the voting rights assigned to the Voting Trust, the Voting Consultant analyzes such voting or consent matters and makes a recommendation to the Voting Trustee on voting or consenting. The Voting Trustee is obligated to follow any such recommendations of the Voting Consultant when providing a vote or consent.
	(iii) Sole power to dispose or to direct the disposition of: 2,500
	(iv) Shared power to dispose or to direct the disposition of: 0
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. On November 7, 2019 JPM deposited 100% of the VMTP into a tender option bond trust (a "TOB") named J.P. Morgan Taxable Putters/Taxable Drivers, Series 5029 Trust. The TOB has title to 100% of the VMTP but does not have the power to dispose or direct the disposition of the VMTP. No voting rights on the VMTP have been transferred to the TOB and voting rights on the VMTP are retained by JPM and the Voting Trust as described in Item 4.
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.

JPMorgan Chase Bank, National Association

Signature:	/s/ Sean Saroya
Name/Title:	Sean Saroya, Authorized Signatory
Date:	09/08/2025