Amendment Filed: VPV Series 2015/6 Preferred Purchase Agreement Updated

Rhea-AI Filing Summary

Amendment No. 5 to a Schedule 13D updates prior disclosure by Bank of America Corporation and Banc of America Preferred Funding Corp concerning the SERIES 2015/6-VPV variable rate muni term preferred shares (CUSIP 46132K604) of Invesco Pennsylvania Value Municipal Income Trust. The Amendment relates to an executed Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement dated September 5, 2025, and replaces certain schedules and exhibits in the original filing.

The filing reports that the two reporting persons collectively beneficially own 788 shares, representing 100.0% of the class, with shared voting and dispositive power of 788. The Amendment lists updated exhibits including a joint filing agreement, power of attorney, revised schedules and the September 5, 2025 purchase agreement amendment; the full text of those exhibits is referenced but not included in the provided content.

Positive

• Confirms 100% ownership of the SERIES 2015/6-VPV class by the reporting persons (788 shares).
• Documents an executed amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement dated September 5, 2025.
• Updates prior filing by replacing schedules and exhibits, improving disclosure linkage to the amended agreement.

Negative

• Key exhibit content not provided in the supplied text, so economic terms or covenant changes in the September 5, 2025 amendment cannot be evaluated.
• No financial or economic details (e.g., pricing, fees, redemption terms) are included in the provided content.
• Concentration risk is indicated by a single holder group owning 100% of this preferred series (disclosure only; no implications beyond ownership stated).

Insights

Securities/FIancial Analyst

TL;DR: Amendment formalizes contractual changes but provides no economic terms; ownership concentration is complete at 100% of this preferred class.

The filing documents an Amendment to the purchase agreement for the VMTP shares and confirms that Bank of America and its affiliate together hold all 788 outstanding shares (100% of the class) with shared voting and dispositive authority. This ownership concentration is material to control of this security class. The filing updates schedules and exhibits, but the provided content does not include the amended agreement or schedules, so economic or covenant changes cannot be assessed from this text alone. Impact is therefore procedural and informational rather than quantifiably financial based on the available content.

Corporate Governance Expert

TL;DR: Reporting clarifies control and updates governing documents, but missing exhibits prevent assessing changes to rights or governance.

The Amendment replaces prior schedules and exhibits and references an executed amendment to the purchase agreement dated September 5, 2025, which could alter rights or terms for the VMTP shares. The reporting persons hold shared voting and dispositive power over 100% of the class, indicating complete control of this preferred series. Because the actual amended agreement and replacement schedules are not included in the supplied content, the filing cannot be used to evaluate any changes to governance, redemption, or distribution terms.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

Invesco Pennsylvania Value Municipal Income Trust

(Name of Issuer)

SERIES 2015/6-VPV VARIABLE RATE MUNI TERM PREFERRED SHARES

(Title of Class of Securities)

46132K604

(CUSIP Number)

Bank of America Corporation
Bank of America Corporate Center, 100 N. Tryon Street
Charlotte, NC, 28255
980-825-9256

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/05/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 46132K604

1

Name of reporting person

BANK OF AMERICA CORP /DE/

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 788.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 788.00

11

Aggregate amount beneficially owned by each reporting person

788.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

100.0 %

14

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13D

CUSIP No. 46132K604

1

Name of reporting person

Banc of America Preferred Funding Corp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 788.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 788.00

11

Aggregate amount beneficially owned by each reporting person

788.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

100.0 %

14

Type of Reporting Person (See Instructions)

CO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: SERIES 2015/6-VPV VARIABLE RATE MUNI TERM PREFERRED SHARES
(b)	Name of Issuer: Invesco Pennsylvania Value Municipal Income Trust
(c)	Address of Issuer's Principal Executive Offices: 1331 SPRING STREET N.W., 1331 SPRING STREET N.W., ATLANTA, GEORGIA , 30309.
Item 1 Comment: This Amendment No. 5 (this "Amendment") amends, as set forth below, the statement on Schedule 13D, dated May 30, 2019 and filed with the SEC on June 7, 2019 (as amended to the date hereof, the "Original Schedule 13D"), for Bank of America Corporation ("BAC") and Banc of America Preferred Funding Corporation ("BAPFC") (collectively, the "Reporting Persons") with respect to the variable rate munifund term preferred shares, series 2015/6-VKI (CUSIP No. 46132K604) ("VMTP Shares") of Invesco Pennsylvania Value Municipal Income Trust (the "Issuer"). This Amendment is being filed in relation to the execution of an Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement, dated as of September 5, 2025 relating to the VMTP Shares (CUSIP No. 46132K604) of the Issuer, a copy of which is filed herewith as Exhibit 99.9.
Item 2.	Identity and Background
(c)	Item 2(c) of the Original Schedule 13D is hereby amended by deleting Schedule I referenced therein and replacing it with Schedule I included with this Amendment.
(d)	Item 2(d) of the Original Schedule 13D is hereby amended by deleting Schedule II referenced therein and replacing it with Schedule II included with this Amendment.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Original Schedule 13D is hereby amended by deleting Exhibit 99.1 and Exhibit 99.2 thereto and the insertion of the following exhibits: "Exhibit Description of Exhibit 99.1 Joint Filing Agreement 99.2 Power of Attorney 99.7 Schedule I 99.8 Schedule II 99.9 Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement, dated September 5, 2025"

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.

BANK OF AMERICA CORP /DE/

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	09/09/2025

Banc of America Preferred Funding Corp

Signature:	Andres Ortiz
Name/Title:	Authorized Signatory
Date:	09/09/2025

FAQ

What does Schedule 13D/A filed for VPV (CUSIP 46132K604) disclose?

The Amendment No. 5 updates the original Schedule 13D, notes an Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement dated September 5, 2025, and replaces certain schedules and exhibits.

Who are the reporting persons on this Schedule 13D/A?

The reporting persons are Bank of America Corporation and Banc of America Preferred Funding Corp, organized in Delaware.

How many SERIES 2015/6-VPV shares are reported and what percentage do they represent?

The filing reports 788 shares beneficially owned, representing 100.0% of the class.

Does the filing disclose voting and dispositive power for the shares?

Yes; it reports shared voting power of 788 and shared dispositive power of 788, with no sole voting or dispositive power.

Are the amended exhibits included in the provided content?

No; the Amendment references replacement exhibits including Exhibit 99.9 (the September 5, 2025 amendment) but the substantive exhibit text is not included in the supplied content.