Welcome to Invesco Senior Income Trust
Successful Pricing and Private Placement of VRDMs
ATLANTA, Oct. 25, 2024 /PRNewswire/ —
Invesco Senior Income Trust (NYSE: VVR), a diversified, closed-end management investment company, announced today the successful pricing and private placement of Variable Rate Demand Mode Preferred Shares (VRDMs), Series A and Series B, with qualified institutional buyers. The Fund issued $50,000,000 in aggregate liquidation preference of Series A VRDMs and $50,000,000 in aggregate liquidation preference of Series B VRDMs and used the proceeds of the issuances to contemporaneously redeem its outstanding Variable Rate Demand Preferred Shares (VRDPs), Series W-7, with an aggregate liquidation preference of $100,000,000, in full.
This move by Invesco Senior Income Trust marks a significant development in the financial market. By issuing VRDMs and redeeming VRDPs, the company is strategically managing its capital structure and optimizing its funding sources.
VRDMs offer investors a unique investment opportunity with variable interest rates and the option to demand repayment of principal at any time. This flexibility makes VRDMs an attractive choice for both investors and the issuing company.
The successful pricing and private placement of VRDMs by Invesco Senior Income Trust demonstrate the company’s commitment to innovation and adaptability in the ever-evolving financial landscape. Investors can look forward to continued success and growth with Invesco Senior Income Trust.
How This Will Affect Me
As a qualified institutional buyer, you may consider investing in Invesco Senior Income Trust’s VRDMs to diversify your portfolio and take advantage of variable interest rates. The redemption of VRDPs indicates the company’s confidence in its financial strategy, which could potentially result in positive returns for investors.
How This Will Affect the World
The successful pricing and private placement of VRDMs by Invesco Senior Income Trust contribute to the overall efficiency and stability of the financial market. By offering innovative investment opportunities, the company sets a precedent for other market players to follow suit and adapt to changing investor preferences.
Conclusion
In conclusion, Invesco Senior Income Trust’s issuance of VRDMs and redemption of VRDPs demonstrate a strategic and forward-thinking approach to capital management. This move not only benefits investors but also contributes to the overall growth and development of the financial market. Investors can look forward to continued success and innovation from Invesco Senior Income Trust in the future.
