Invesco Closed-End Funds Declare Dividends

Published on Wednesday, 01 August 2012 16:19 Written by TradersHuddle Staff

On November 30, 2011, Invesco announced that the Boards of Directors/Trustees of the Invesco closed-end funds approved the mergers of certain Invesco closed-end funds. Pursuant to these mergers, the Invesco closed-end funds listed below (the "Target Funds") would be merged into other Invesco closed-end funds (the "Acquiring Funds"). The funds are continuing to solicit shareholder approval of the proposed mergers. These funds are expected to declare their next monthly dividend on August 20, 2012, with a record date and payable date of August 24, 2012 and August 31, 2012, respectively.   

Any merger that is approved by shareholders before August 20, 2012 (an "Approved Merger") is expected to close on August 27, 2012.  The monthly dividend of each Target Fund participating in an Approved Merger, expected to be declared on August 20, 2012, will be combined with the final distribution for such Target Fund. In addition, the dividend for each Target Fund participating in an Approved Merger expected to be declared on August 20, 2012 will be distributed to shareholders in cash, notwithstanding any shareholder's enrollment in the Target Fund's dividend reinvestment plan.  Any shareholder currently enrolled in a Target Fund's dividend reinvestment plan will be automatically enrolled in the Acquiring Fund's dividend reinvestment plan upon the closing of the merger.  Those mergers not yet approved by shareholders before August 20, 2012 will not close on August 27, 2012.  For Target Funds in such mergers, the dividend expected to be declared on August 20, 2012 will be a regular monthly dividend and will be reinvested in additional shares for those shareholders who are enrolled in such Target Fund's dividend reinvestment plan.

For more information, call 1-800-341-2929.

The amount of dividends paid by each fund may vary from time to time.  Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all distributions in 2012 will be made after the end of the year.

Investing involves risk and it is possible to lose money on any investment in the funds.

In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, each Fund will provide its shareholders of record on the record date with a Section 19 Notice disclosing the sources of its dividend payment when a distribution includes anything other than net investment income. The Section 19 Notice is not provided for tax reporting purposes but for informational purposes only. If applicable, this Section 19 Notice information can be found on the Funds' website at www.invesco.com. 

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 retail, institutional and high net worth 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 U.S. distributor for Invesco Ltd.'s retail mutual funds, exchange-traded funds and institutional money market funds and the subdistributor for its STIC Global Funds. Both Invesco Advisers, Inc. and Invesco Distributors, Inc. are wholly owned, indirect subsidiaries 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.

SOURCE Invesco