Invesco Value Municipal Income Trust: directors' dealings · United States · SEC (Form 4)

About Invesco Value Municipal Income Trust

Invesco Value Municipal Income Trust (ticker IIM) is a US-listed closed-end fund traded on the NYSE/NASDAQ market in the United States. It is a municipal-bond income vehicle whose core objective is to provide current income exempt from US federal income tax. For French-, Belgian- and Swiss-based investors, IIM should therefore be understood primarily as a tax-aware fixed-income allocation tool rather than as an operating company with industrial revenues or consumer brands. IIM sits within the broader Invesco platform, one of the world’s established asset managers. Invesco was founded in 1935 and today has an on-the-ground presence in more than 20 countries. That global scale matters for a municipal closed-end fund because it gives the strategy access to deep fixed-income resources, trading infrastructure and a seasoned portfolio management franchise. The fund is managed by a team of senior portfolio managers, including Mark Paris, Julius Williams, John Schorle, Jack Connelly, Tim O’Reilly, Josh Cooney and Rebecca Setcavage, reflecting a collaborative and institutionally run process. From an investment standpoint, IIM focuses on a diversified portfolio of US municipal securities. Invesco’s most recent fund data shows roughly 500 securities in the portfolio and total assets of about $748.7 million as of 30 April 2026. The fund’s inception date is 26 February 1993, giving it a long operating history in the municipal-income segment. Monthly distributions are a key feature of the product and are central to its appeal for income-oriented investors. Competitively, IIM belongs to one of the better-known municipal closed-end fund suites in the US market. Its positioning is supported by Invesco’s brand, a long record in municipal fixed income and portfolio diversification across many issuers. As with other closed-end funds, the share price can trade at a premium or discount to net asset value, so market sentiment can matter as much as portfolio fundamentals in the short term. Recent developments have been distribution-focused. Invesco announced a monthly distribution of $0.0771 per share for IIM in early May 2026, and the firm continues to publish monthly municipal closed-end fund earnings and coverage data. The latest published data show a 3-month average earnings-per-share coverage ratio of 63.2% as of 30 April 2026, underscoring that investors should keep an eye on income coverage, interest-rate sensitivity and valuation versus NAV when assessing the fund on the NYSE/NASDAQ in the United States.