ATLANTA, Dec. 3, 2015 /PRNewswire/ -- The Board of Trustees (the "Board") of the Invesco Senior Income Trust (the "Trust") recently approved a change in the Trust's investment policy regarding investments in warrants and equity securities to provide the Trust's investment adviser, Invesco Advisers, Inc. (the "Adviser"), with more flexibility regarding the securities available for investment by the Trust.
Effective immediately, the Trust may invest up to 20% of its total assets in any combination of (1) warrants and equity securities (2) junior debt securities or securities with a lien on collateral lower than a senior claim on collateral, (3) high quality short-term debt securities, (4) credit-linked deposits and (5) Treasury Inflation Protected Securities ("U.S. TIPS") and other inflation-indexed bonds issued by the U.S. government, its agencies or instrumentalities.
The Adviser and the Board believe that by implementing this policy, the Adviser will be better able to manage the Trust's portfolio in the best interests of shareholders and to meet the Trust's investment objective. The Trust is not changing its investment objective, which is to provide a high level of current income, consistent with preservation of capital, or its fundamental policy to invest at least 80% of its total assets in senior loans.
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. It is a wholly owned, indirect subsidiary 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/invesco-advisers-announces-investment-policy-change-for-invesco-senior-income-trust-300187932.html
SOURCE Invesco Ltd.