Invesco High Income Trust II announces an Equity Buyback for 1,623,686 shares, representing 15% of its issued share capital.
November 01, 2019 at 12:00 am EDT
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Invesco High Income Trust II (NYSE:VLT) announces a share repurchase program. Under the program, the company will repurchase up to 1,623,686 shares, representing 15% of its issued share capital. The shares will be repurchased at a price of 98.5% of the fund's net asset value. The shares will be repurchased in cash. The shares will be repurchased at a pro-rata basis if the offer is oversubscribed. The plan will be valid till December 5, 2019.
Invesco High Income Trust II (the Trust) is a diversified, closed-end management investment company. The Trustâs investment objective is to provide its common shareholders high current income, while seeking to preserve shareholdersâ capital, through investment in a professionally managed, diversified portfolio of high-income producing fixed-income securities. Its product portfolio includes exchange-traded funds, mutual funds, unit trusts, variable insurance, closed-end funds and college savings. The Trust investment approaches includes ETF strategies, municipal capabilities, real estate, global liquidity, investment grade capabilities, CollegeBound 529, global equities, ESG investing, and fixed income. In normal market conditions, at least 65% of the Trustâs assets will be invested in fixed-income securities. The Trust may invest up to 35% of its total assets in securities. Invesco Advisers, Inc. is the investment advisor of the Trust.
INVESCO HIGH INCOME TRUST II 