Invesco Advisers Announces Investment Strategy Change for Invesco Senior Income Trust

ATLANTA, Oct. 2, 2018 /PRNewswire/ -- Invesco Advisers, Inc., a subsidiary of Invesco Ltd. (NYSE: IVZ), announced today the Board of Trustees (the "Board") of the Invesco Senior Income Trust (the "Fund") recently approved changes in the Fund's investment policies effective on or about December 3, 2018.  These changes will permit the Fund to invest to a greater degree in non-U.S. Dollar denominated loans and to increase the use of currency hedging strategies by employing futures contracts, swap contracts and forward foreign currency contracts. The Fund's 80% policy will be revised as follows:

In normal market conditions, at least 80% of the Fund's total assets are invested in Senior Loans (either as an Original Lender or as a purchaser of an Assignment or Participation) of domestic Borrowers or foreign Borrowers.

The Fund's disclosures will be further supplemented with the following:

The Fund can use currency futures and currency swaps to hedge its exposure to foreign currencies.

The Fund can engage in foreign currency transactions either on a spot basis (i.e., for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time) or through forward foreign currency contracts to mitigate the risk of foreign currency exposure. Spot contracts allow for prompt delivery and settlement at the rate prevailing in the currency exchange market at the time. A forward foreign currency contract is an agreement between parties to exchange a specified amount of currency at a specified future time at a specified rate. The Fund can use forward foreign currency contracts to hedge against adverse movements in the foreign currencies in which portfolio securities are denominated.

Risks of Investment in Non-U.S. Issuers - The Fund may invest in Senior Loans and debt securities of Borrowers that are organized or located in countries other than the United States. The Fund's foreign investments may be adversely affected by political and social instability, changes in economic or taxation policies, difficulty in enforcing obligations, decreased liquidity or increased volatility. Foreign investments also involve the risk of the possible seizure, nationalization or expropriation of the issuer or foreign deposits (in which the Fund could lose its entire investments in a certain market) and the possible adoption of foreign governmental restrictions such as exchange controls. Unless the Fund has hedged its foreign securities risk, foreign securities risk also involves the risk of negative foreign currency rate fluctuations, which may cause the value of securities denominated in such foreign currency (or other instruments through which the Fund has exposure to foreign currencies) to decline in value. Currency exchange rates may fluctuate significantly over short periods of time. Currency hedging strategies, if used, are not always successful.

The current restriction that the Fund may only invest up to 5% of its total assets in Senior Loans or other assets which are denominated in non-U.S. dollars is removed. 

The Adviser and the Board believe that by implementing these changes, the Adviser will be better able to manage the Trust's portfolio in the best interests of shareholders and to meet the Trust's investment objective. The Trust is not changing its investment objective, which is to provide a high level of current income, consistent with preservation of capital.

For more information, call 1-800-341-2929.

About Invesco Ltd.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; www.invesco.com.

Invesco Distributors, Inc. is the U.S. distributor for Invesco Ltd.'s retail products. Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities.  Each entity is a wholly owned, indirect subsidiary of Invesco Ltd.

Note: There is no assurance that a closed-end fund will achieve its investment objective. Common shares are bought on the secondary market and may trade at a discount or premium to NAV. Regular brokerage commissions apply.

NOT FDIC INSURED  l  MAY LOSE VALUE  l  NO BANK GUARANTEE

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SOURCE Invesco Ltd.