Company: OIA
Filing Date: 2025-05-02
Form Type: N-CSR
Source: 0001193125-25-111534
Chunk: 28

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-05-02
Form: N-CSR
Chunk 28
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 Preferred (“VMTP”) Shares, with a redemption date of April 30, 2024. Due to this redemption, the risks associated with preferred shares are no longer a principal risk of the Trust and have been removed from the Trust’s policies and principal risk disclosures below. Except as noted above, during the Trust’s most recent fiscal year, there were no material changes in the Trust’s investment objectives or policies that have not been approved by shareholders or in the principal risk factors associated with investment in the Trust. Changes to Portfolio Managers Effective March 18, 2024, Mr. DeMitry no longer serves as a portfolio manager of the Trust. Except as noted above, during the Trust’s most recent fiscal year, there were no other changes to the portfolio management of the Trust. Investment Objective The investment objective of Invesco Municipal Income Opportunities Trust (the “Trust”) is to provide a high level of current income which is exempt from federal income tax. The investment objective is fundamental and may not be changed without approval of a majority of the Trust’s outstanding voting securities, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”). Investment Policies of the Trust The Trust will invest at least 80% of its net assets in Municipal Obligations, except during temporary defensive periods. The remaining portion of the Trust’s net assets may be invested in “temporary investments” and in options and futures. Under normal circumstances, the Trust expects that substantially greater than 80% of its net assets will be invested in Municipal Obligations. For purposes of the Trust’s 80% policy, the Trust will consider Municipal Obligations, the interest from which, in the opinion of bond counsel to the Trust, is exempt from federal income tax. “Municipal Obligations” consist of Municipal Bonds, Municipal Notes and Municipal Commercial Paper (each described below), including such obligations purchased on a when-issued or delayed delivery basis. Under normal circumstances, the Trust will seek to invest at least 65% of its total assets in: (i) non-ratedMunicipal Obligations which are deemed by Invesco Advisers, Inc. (the “Adviser”) to be of medium quality and which provide a high rate of current income; and (ii) Municipal Obligations rated A, Baa or Ba by Moody’s Investors Service, Inc. (“Moody’s”) or A, Baa or Ba by S&P Global Ratings (“S&P”). The Adviser attributes to