In a meeting held on January 22, 2021, the Board of Trustees for the Invesco Funds unanimously approved an Agreement and Plan of Reorganization (the “Agreement”) pursuant to which each Target Fund listed here will transfer all of its assets and liabilities to the corresponding Acquiring Fund in exchange for shares of the corresponding class of the Acquiring Fund that will be distributed to Target Fund shareholders in complete liquidation of the Target Funds.
These reorganizations were approved as part of Invesco’s annual product line review. These were chosen based on factors including the Target Funds’ limited growth prospects and/or overlapping strategies in the product line.
The reorganizations should provide shareholders reduced management expenses, greater scale and the potential to reduce the impact of fixed expenses.
TC119295(0121)1