Invesco Dynamic Credit Opportunities Fund Announces $125 Million Placement of Private Offering of Variable Rate Term Preferred Shares
ATLANTA, Aug. 29, 2013 /PRNewswire/ -- Invesco Advisers, Inc. ("Invesco") announced today that Invesco Dynamic Credit Opportunities Fund (NYSE: VTA) (the "Fund") has successfully priced and placed a private offering of Variable Rate Term Preferred Shares ("VRTP") in the amount of $125 million pursuant to an offering exempt from registration under the Securities Act of 1933.
VRTP are a variable rate form of preferred stock with a mandatory redemption date.
Invesco will keep market participants and shareholders informed of any material developments with the Fund via press releases and on Invesco's website at www.invesco.com/portal/site/us/news.
The foregoing is not an offer for sale of any securities or a solicitation of any proxy.
The VRTP have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.
For more information, call 1-800-341-2929.
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 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.