Invesco Senior Income Trust

VVR

Market cap $498M

Invesco Senior Income Trust now trades at a historically typical discount to NAV, reflecting a shift in sentiment for leveraged loan CEFs. With Fed rate cuts and SOFR futures pricing further declines, VVR's yield is set to decrease, pressuring its current distribution. VVR's 13.3% distribution is unsustainable; a realistic forward yield is closer to 10% as ROC usage rises and rates fall.

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

Invesco Senior Income Trust offers high income via floating rate loans, but recent performance has lagged, with NAV and share price declining, despite elevated interest rates. The fund's aggressive leverage and heavy allocation to below-investment-grade debt increase risk, especially if defaults rise or rates stay high. Dividend sustainability is at risk if interest rates fall, as net investment income could decline, potentially leading to payout cuts.

Although the US stock market is the largest in the world, with a market capitalization of roughly $49 trillion, the US bond market is larger, clocking in at $51 trillion.

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.

VVR offers a high 12% yield, but there's reason to think it may not remain this high over a very long period. The portfolio consists mostly of senior secured floating-rate loans to below-investment grade borrowers, adding credit risk. Diversification and leverage support the yield, but dividend history is mixed, and future rate cuts could pressure income.

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

We review the CEF market valuation and performance through the third week of March and highlight recent market action. Nearly all CEF sectors were up, with MLPs rebounding and loan funds lagging; month-to-date, most sectors remain down due to lower equity prices and wider credit spreads. Invesco credit CEFs VLT and VVR cancelled their fixed managed distribution policies with VVR price falling hard on the news.

ATLANTA , March 24, 2025 /PRNewswire/ -- The Board of Trustees authorized several Invesco closed-end funds to declare dividends.  Last week, Invesco Advisors, Inc., a subsidiary of Invesco Ltd.

On March 21, 2025, Invesco Senior Income Trust dropped -12.3% due to the termination of its managed distribution plan, marking a historic move. Lower Fed funds rates have reduced VVR's cash income, necessitating a cut in distributions to maintain long-term sustainability and avoid NAV-destructive ROC. VVR's price collapsed from a +7% premium to a -6% discount to NAV, highlighting the importance of avoiding CEFs trading at historic premiums.