Saba Capital Reaches Agreement with Two Invesco Closed-End Funds [Yahoo! Finance]
Invesco Pennsylvania Value Municipal Income Trust (DE) (VPV)
US:NYSE Investor Relations:
invesco.com/static/us/productdetail?productid=30600&producttype=fund
Company Research
Source: Yahoo! Finance
NEW YORK, June 13, 2024 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 of the New York Stock Exchange on the next trading day after the expiration or closing date of the tender offers, or, if the tender offers are extended, on the next tra
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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