Invesco Advisers Announces Private Placement of Variable Rate Muni Term Preferred Shares by Invesco Municipal Income Opportunities Trust
ATLANTA, Nov. 1, 2017 /PRNewswire/ -- Invesco Advisers, Inc. announced today the successful private placement of Variable Rate Muni Term Preferred Shares (VMTPs) pursuant to an offering exempt from registration under the Securities Act of 1933, as amended (the Securities Act). Invesco Municipal Income Opportunities Trust (NYSE: OIA) issued $30,000,000 in aggregate liquidation preference of VMTPs. The fund intends to use the proceeds of the VMTP issuance to invest in accordance with its investment policies. The VMTPs have a term redemption date of November 2, 2020.
Investing involves risk and it is possible to lose money on any investment in the funds. This information does not constitute an offer for sale of any securities. No VMTPs have been registered under the Securities Act or any state securities laws. Unless so registered, no VMTPs may be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.
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. Invesco Distributors, Inc., is the US distributor for Invesco Ltd. Each entity is a wholly owned, indirect subsidiary of Invesco Ltd.
Note: There is no assurance that a closed-end fund will achieve its investment objective. Common shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.
SOURCE Invesco Ltd.
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