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ATLANTA, March 24, 2025 /PRNewswire/ -- The Board of Trustees authorized several Invesco closed-end funds to declare dividends.

Last week, Invesco Advisors, Inc., a subsidiary of Invesco Ltd. (NYSE:IVZ), announced that the Board of Trustees of each of two closed-end funds, Invesco Senior Income Trust (NYSE: VVR) and Invesco High Income Trust II (NYSE: VLT), removed the Managed Distribution Plans (MDP) with respect to each fund. The removal of the MDPs does not mean that the funds' monthly distributions are being eliminated, or that the monthly frequency and timing of distributions will be altered. Investors can still expect to receive monthly distributions that will continue to be announced monthly via press release along with all other Invesco closed-end funds. At the present time Invesco expects that, subject to market conditions, the distribution rates of VVR and VLT will remain unchanged in the immediate future.

With regards to VVR, the MDP was designed to provide a more consistent monthly distribution stream, minimizing the distribution volatility that is common in senior loan products due to their floating rate nature. As a result of the volatile rate environment over the last few years, the MDP has resulted in varying levels (both positive and negative over time) of undistributed net investment income. Invesco believes that the removal of the managed distribution plan will provide the fund flexibility to more quickly adjust to changing underlying income levels.

Beyond the removal of the MDPs, there are no other changes to VVR and VLT's portfolios, investment philosophies, teams or management styles.

This announcement of distributions reflects the closed-end funds' Board of Trustees ongoing evaluation of the role distributions have on total return outcomes experienced by closed-end fund investors. It is anticipated that to maintain the distribution amounts outlined below, certain funds may make distributions from sources other than the current net investment income of the funds. In this regard, the source of monthly distributions may include prior accumulated undistributed net investment income and, potentially, a return of capital.

Form 1099-DIV for the calendar year will report distributions for federal income tax purposes. Each fund's annual report to shareholders will include information regarding the tax character of a fund's distributions for the fiscal year.