Invesco Senior Income Trust announces an Equity Buyback up to 27,005,424 shares, representing 15% of its issued share capital.
November 01, 2019 at 09:30 am IST
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Invesco Senior Income Trust (NYSE:VVR) announces a share repurchase program. Under the program, the company will repurchase up to 27,005,424 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 Senior Income Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide a high level of current income, consistent with preservation of capital. The Trust seeks to achieve its objectives by investing primarily in a portfolio of interests in floating or variable senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographic regions. It borrows money for investment purposes which may create the opportunity for enhanced return, but also should be considered a speculative technique and may increase the Trust's volatility. The Trust may participate in direct lending opportunities through its indirect investment in the Invesco Senior Income Loan Origination LLC. It invests in various sectors, including aerospace and defense, automotive, beverage and tobacco, building and development, and chemicals and plastics. The Trust's investment adviser is Invesco Advisers, Inc.
INVESCO SENIOR INCOME TRUST 
