By Sarah Lizee
Olympia, Wash., June 14 – Invesco Advisers, Inc. said Invesco Senior Income Trust and Invesco Dynamic Credit Opportunities Fund privately placed $250 million of variable-rate demand preferred shares, according to a press release.
Invesco Senior Income Trust issued $125 million of the preferreds, and Invesco Dynamic Credit Opportunities Fund issued $125 million of the preferreds.
Both funds will use the proceeds to simultaneously redeem outstanding variable-rate term preferred shares in the amount of $75 million per fund.
Invesco is an Atlanta-based investment management firm.
| Issuer: | Invesco Senior Income Trust
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| Securities: | Variable-rate demand preferred shares
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| Amount: | $125 million
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| Stock symbol: | NYSE: VVR
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| Issuer: | Invesco Dynamic Credit Opportunities Fund
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| Securities: | Variable-rate demand preferred shares
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| Amount: | $125 million
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| Stock symbol: | NYSE: VTA
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