Invesco Advisers Announces $50 Million Placement of a Private Offering of Variable Rate Muni Term Preferred Shares
ATLANTA, Feb. 2, 2015 /PRNewswire/ -- Invesco Advisers, Inc. announced today that Invesco Value Municipal Income Trust (NYSE: IIM) has successfully priced and placed a private sale of Variable Rate Muni Term Preferred Shares (VMTPs) pursuant to an offering exempt from registration under the Securities Act of 1933. The fund issued an additional $50,000,000 in VMTPs, bringing the fund's current amount of VMTPs outstanding to $193,100,000.
Investing involves risk and it is possible to lose money on any investment in the fund. This information does not constitute an offer for sale of any securities or a solicitation of any proxy.
About Invesco Ltd.
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. It is an indirect, wholly owned subsidiary of Invesco Ltd.
Note: There is no assurance that a closed-end fund will achieve its investment objective. Shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.
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SOURCE Invesco
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