Invesco Trust for Investment Grade New York Municipals (VTN) filed Post-Effective Amendment No. 1 to its Form N-2 under Rule 462(d) to add exhibits only, without changing prior disclosure. New exhibits include a Distribution Agreement with Invesco Distributors, Inc. dated August 25, 2026 and a Sub-Placement Agent Agreement with JonesTrading Institutional Services LLC dated September 1, 2026.
The filing lists estimated offering expenses totaling $194,353.50 and reports 55 common and 1 preferred record shareholders as of August 17, 2026. It restates indemnification provisions and notes joint directors and officers liability insurance with limits up to $100,000,000 plus $95,000,000 excess coverage and an additional $30,000,000 limit for independent trustees only.
Invesco Trust for Investment Grade New York Municipals (VTN) has filed a prospectus supplement for a primary “at‑the‑market” offering of up to 9,000,000 common shares. Sales will be made through Invesco Distributors, with JonesTrading acting as exclusive sub‑placement agent, at prices referenced to NYSE trading and subject to a minimum at or above NAV plus commissions.
The Fund will pay Invesco Distributors a commission of up to 1.00% of gross proceeds (which may be passed in full to JonesTrading) and will bear offering expenses. Assuming all shares are sold at $10.99 (the August 17, 2026 NYSE close), net proceeds are estimated at about $97.8 million. As of that date, VTN had 14,664,644 shares outstanding, NAV of $10.52, net assets of $154.2 million, and the shares traded at a 4.47% premium to NAV.
Pro forma for selling all 9,000,000 shares at $10.99, common shares outstanding would rise to 23,664,644, paid‑in capital to $293.3 million, and NAV to $10.66. The Fund intends to invest net proceeds in line with its objective of providing tax‑exempt income from New York municipal bonds, generally within three to six months, and may temporarily hold cash, cash equivalents, U.S. government securities, or high‑quality short‑term debt pending full investment.
Invesco Trust for Investment Grade New York Municipals (VTN) is a diversified, closed-end fund that invests primarily in New York municipal bonds to provide a high level of current income exempt from federal, New York State and New York City income taxes, with capital preservation as a fundamental objective.
The fund has a base prospectus to offer, from time to time, up to 9,000,000 Common Shares and/or subscription rights in one or more offerings, with specific pricing and terms to be set in future prospectus supplements. New Common Shares generally will not be sold below net asset value (NAV) plus selling costs, except certain rights offerings that meet specified conditions. As of August 17, 2026, Common Shares traded at $10.99 versus NAV of $10.52, a 4.47% premium, with 14,664,644 shares outstanding and net assets of $154,238,240.
The fund employs leverage, currently including variable rate muni term preferred shares with an aggregate liquidation preference of $46.4 million, representing 19.25% of total assets as of February 28, 2026, and may also use borrowings and inverse floating rate securities. The advisory fee is 0.55% of Managed Assets, and total annual expenses are estimated at 2.69% of net assets, including interest on leverage. The fund pays monthly tax-advantaged distributions that may at times include return of capital and intends to maintain regulated investment company status for U.S. tax purposes.
Invesco Trust for Investment Grade New York Municipals delivered a preliminary base prospectus to register future offerings of its common shares and subscription rights. The prospectus permits offerings from time to time and states terms will be set in prospectus supplements.
Market and fund context: net asset value per share was $10.91 and the last reported sale price was $11.20 on June 9, 2026. The Fund had 14,656,237.17 Common Shares outstanding and net assets of $159,956,556.16 as of that date. The prospectus discloses the Fund uses leverage (including preferred shares) and provides illustrative leverage scenarios and related risks.
Invesco Trust for Investment Grade New York Municipals reported annual results for the fiscal year ended February 28, 2026. The Trust reported net assets of $163,281,866, a NAV per common share of $11.15 and a market price per share of $11.58 as of period-end.
The Trust generated net investment income of $7,662,964 and a net increase from operations of $4,545,428. Total distributions to shareholders during the year were $13,745,116 (including $4,557,661 return of capital). Leverage accounted for 32% of total assets and contributed to relative returns versus the style-specific benchmark; however, the Trust at NAV returned 3.18% for the year while market return was 16.77%.
Amendment No. 4 to Schedule 13D updates a prior filing concerning the Series 2015/6-VTN Variable Rate Muni Term Preferred Shares (CUSIP 46131T507) of Invesco Trust for Investment Grade New York Municipals. The reporting persons are Bank of America Corporation and Banc of America Preferred Funding Corp, each organized in Delaware, which together report beneficial ownership of 464 shares representing 100.0% of the class for the reporting persons shown. This Amendment is being filed to disclose execution of an Amendment to the Variable Rate Muni Term Preferred Shares Purchase Agreement dated September 5, 2025 and to replace Schedules and Exhibits from the Original Schedule 13D, including new exhibits for a joint filing agreement, power of attorney, updated schedules, and the September 5, 2025 amendment. The filing includes authorized signatures from an authorized signatory dated September 9, 2025.