Invesco Advantage Municipal Income Trust II

VKI

Market cap $389M

Invesco Advantage Municipal Income Trust II offers high tax-free income by investing in long-tenor, high-credit municipal bonds with significant leverage. VKI's headline yield of 7.45%-8% is inflated by a 39% return of capital; true tax-free income is closer to 4.5%-4.9%. The fund's strategy exposes investors to higher interest rate risk without providing superior net income compared to alternatives like SHYM.

ATLANTA, Nov. 3, 2025 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends.

ATLANTA , Sept. 2, 2025 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends.

Invesco Advantage Municipal Income Trust II offers strong yield, sector diversification, and A-rated credit quality, making it an attractive municipal bond fund. The VKI fund currently trades at a 4.25% discount to NAV, near its lowest level in over a year, presenting a potential value opportunity. VKI pays an 8.05% dividend yield with monthly distributions, but investors should be mindful of its 39% leverage and 3.44% expense ratio.

ATLANTA , Aug. 1, 2025 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends. EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE 8/18/2025 8/18/2025 8/29/2025 8/29/2025   Name of Closed-EndManagement Investment Company Ticker Monthly Dividend Per Share Change From Prior Distribution % ChangeFrom Prior Distribution Invesco Advantage Municipal Income Trust II VKI $0.05591 - - Invesco Bond Fund VBF $0.07001 - - Invesco California Value Municipal Income Trust   VCV $0.06461 - - Invesco High Income Trust II VLT $0.09641 - - Invesco Municipal Income Opportunities Trust   OIA $0.0291 - - Invesco Municipal Opportunity Trust VMO  $0.06251 - - Invesco Municipal Trust VKQ  $0.06281 - - Invesco Pennsylvania Value Municipal Income Trust VPV  $0.06671 - - Invesco Quality Municipal Income Trust  IQI  $0.06311 - - Invesco Senior Income Trust VVR $0.03801 - - Invesco Trust for Investment Grade Municipals VGM  $0.06461 - - Invesco Trust for Investment Grade New York Municipals VTN $0.06851 - - Invesco Value Municipal Income Trust IIM $0.07711 - - 1 A portion of this distribution is estimated to be from a return of principal rather than net income.

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

ATLANTA, June 2, 2025 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends.

VKI offers tax-advantaged income through a diversified portfolio of municipal bonds, primarily investment grade, with a focus on federal tax exemption. The fund currently yields 8.14% (taxable equivalent of 10.26% for the 22% tax bracket), but recent distribution history has been volatile due to interest rate changes. VKI trades at a 7% discount to NAV, but this is not as deep as past discounts. We recommend waiting for a more attractive entry point.

One of the only downsides to passive income from stocks and bonds is that the revenue generated from those investments is subject to federal and state income tax.

ATLANTA , Jan. 2, 2025 /PRNewswire/ -- The Board of Trustees of each of the Invesco closed-end funds listed below declared dividends. EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE 1/17/2025 1/17/2025 1/31/2025 1/31/2025   Name of Closed-EndManagement Investment Company   Ticker MonthlyDividend Per Share ChangeFrom PriorDistribution % ChangeFrom PriorDistribution Invesco Advantage Municipal Income Trust II VKI $0.05591 - - Invesco Bond Fund VBF $0.07001 -0.0150 -18 % Invesco California Value Municipal Income Trust   VCV $0.06461 - - Invesco Municipal Income Opportunities Trust   OIA $0.0291 - - Invesco Municipal Opportunity Trust VMO  $0.06251 - - Invesco Municipal Trust VKQ  $0.06281 - - Invesco Pennsylvania Value Municipal Income Trust VPV  $0.06671 - - Invesco Quality Municipal Income Trust  IQI  $0.06311 - - Invesco Trust for Investment Grade Municipals VGM  $0.06461 - - Invesco Trust for Investment Grade New York Municipals VTN $0.06851 - - Invesco Value Municipal Income Trust IIM $0.07711 - - 1 A portion of this distribution is estimated to be from a return of principal rather than net income.