#USA #Atlanta #High Income Fund #Invesco Ltd #NYSE IVZ

Invesco Advisers, Inc. Completes Liquidation of High Income 2024 Target Term Fund

Invesco Advisers, Inc., a well-known subsidiary of Invesco Ltd., has finalized the termination and liquidation of its Invesco High Income 2024 Target Term Fund (NYSE: IHTA). This significant financial move took place on December 2, 2024, aligning with the planned operational strategy set forth in its organizational documents and prior announcements.

Launched on December 4, 2017, the primary objective of the Fund was to deliver a high level of current income to its investors while returning an original net asset value (NAV) of $9.835 per share by the target date. However, following the recent liquidation, it has become clear that this goal was not met. Instead, investors will receive a liquidating distribution of $7.57 per common share. Additionally, the Fund distributed an extra payment of $0.1471 per common share on the termination date.

Despite the Fund’s aim of achieving its original NAV at termination, investors must recognize that the return of their initial capital was never guaranteed. Factors influencing such outcomes include market conditions, investment performance, and overall economic environment. Since its inception, the High Income Fund has managed to distribute a total of $3.35 per common share over 83 regular distributions, averaging a distribution rate of approximately 4.93% based on its original NAV. This reflects an annualized total return of 2.12% for those who invested at its initial public offering, with a total return of 1.86% calculated on market prices.

Investors need to be mindful of the potential tax implications stemming from this liquidation. It is crucial that shareholders consult with a qualified tax advisor to navigate their unique situations in the wake of these developments. Invesco does not provide direct tax advice and emphasizes the importance of seeking professional guidance.

Invesco Ltd. is a leading global independent investment management firm, offering a wide range of active, passive, and alternative investment opportunities, with a substantial portfolio managed globally—valued at $1.8 trillion as of September 30, 2024. The firm operates in over 20 countries, underlining its expansive reach and commitment to providing investment strategies that empower individuals to realize their financial goals.

As this event resonates throughout the investment community, ongoing developments will be closely monitored by both industry analysts and shareholders alike. The overall sentiment reflects a cautious outlook, especially for those who invested in this fund with the hope of guaranteed returns.

For further information or queries regarding Invesco or the recent liquidation event, interested parties are encouraged to contact the company at 1-800-341-2929 or visit their official website for detailed insights about their investment offerings.

In conclusion, the termination of the Invesco High Income 2024 Target Term Fund serves as a crucial learning point for investors, reminding them of the inherent risks associated with market investments and the necessity for due diligence in financial pursuits.