Saba Capital Reaches Agreement with Two Invesco Closed-End Funds
Invesco Pennsylvania Value Municipal Income Trust (DE) (VPV)
US:NYSE Investor Relations:
invesco.com/static/us/productdetail?productid=30600&producttype=fund
Company Research
Source: Business Wire
Invesco Pennsylvania Value Municipal Income Trust and Invesco Trust for Investment Grade New York Municipals to Each Commence Cash Tender Offers for 25% of Their Shares at 99% of NAV NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with certain of its affiliates, “Saba” or “we”), today announced that it has entered into a standstill agreement with each of the following funds advised by Invesco Advisers, Inc.: Invesco Pennsylvania Value Municipal Income Trust (NYSE: VPV) and Invesco Trust for Investment Grade New York Municipals (NYSE: VTN) (collectively, the “Invesco Funds”).Under the terms of the agreements, the Invesco Funds will each commence tender offers to purchase a maximum of 25% of their outstanding common shares in cash. The tender offers provide all shareholders the opportunity to tender some or all of their common shares at a price equal to 99% of the Invesco Funds’ net asset value per share as determined as of the close of the regular trading session
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Sec Filings
- 6/14/24 - Form SC
- 6/13/24 - Form SC
- 5/22/24 - Form PREC14A
- VPV's page on the SEC website