Invesco(US:IVZ) Prnewswireยท2024-12-11 21:30Core Points - Invesco Advisers, Inc. announced the final results of tender offers for two funds: Invesco Trust for Investment Grade New York Municipals and Invesco Pennsylvania Value Municipal Income Trust [1] Group 1: Invesco Trust for Investment Grade New York Municipals - The tender offer was for cash up to 4,869,438 Common Shares, representing 25% of its outstanding shares [2] - Approximately 6,818,415 Common Shares, or 35% of the Fund's outstanding shares, were tendered [2] - The Fund accepted 4,869,438 shares at a price of $11.87 per share, which is 99% of the Fund's NAV of $11.99 as of December 10, 2024 [2] - Due to the excess number of shares tendered, 71.42% of the tendered shares will be accepted for payment [2] - Post-purchase, the Fund will have approximately 14,608,315 Common Shares outstanding [2] Group 2: Invesco Pennsylvania Value Municipal Income Trust - The tender offer was for cash up to 5,957,386 Common Shares, also representing 25% of its outstanding shares [3] - Approximately 8,073,690 Common Shares, or 33.9% of the Fund's outstanding shares, were tendered [3] - The Fund accepted 5,957,386 shares at a price of $11.69 per share, which is 99% of the Fund's NAV of $11.81 as of December 10, 2024 [3] - Due to the excess number of shares tendered, 73.79% of the tendered shares will be accepted for payment [3] - Post-purchase, the Fund will have approximately 17,872,158 Common Shares outstanding [3]