Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 10

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 10
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 used, the management fees shown would be higher. |

| (5) | Based upon the Fund’s outstanding borrowings as of August 31, 2024 of approximately $114,600,000, and the average daily weighted interest rate for the period ended August 31, 2024 of 4.14% . The Fund currently has no preferred shares outstanding. |

| (6) | Other Expenses have been restated to reflect current fees. |

The purpose of the table and the example below is to help you understand the fees and expenses that you, as a holder of Common Shares, would bear directly or indirectly.

Example The following example illustrates the expenses that you would pay on a $1,000 investment in Common Shares, assuming (1) “Total annual expenses” of 2.41% of net assets attributable to Common Shares and (2) a 5% annual return*:

|                                               |     | 1 Year |    |     | 3 Years |    |     | 5 Years |     |     | 10 Years |     |
|:----------------------------------------------|:----|:-------|---:|:----|:--------|---:|:----|:--------|----:|:----|:---------|----:|
| Total Expenses paid by Common Shareholders(1) |     | $      | 24 |     | $       | 75 |     | $       | 129 |     | $        | 275 |

* The Example should not be considered a representation of future expenses or returns. Actual expenses may be higher or lower than those assumed. Moreover, the Fund’s actual rate of return may be higher or lower than the hypothetical 5% return shown in the example. The example assumes that all dividends and distributions are reinvested at net asset value.

| (1) | The example above does not include sales loads or estimated offering costs. In connection with an offering of Common Shares, the Prospectus Supplement will set forth an Example including sales load and estimated offering costs. |

6

FINANCIAL HIGHLIGHTS The Fund’s financial highlights for the fiscal years ended February 29, 2024, February 28, 2023, February 29, 2022, February 28, 2021, and February 29, 2020 are incorporated by reference from the Fund’s Annual Reportfor the fiscal year ended February 29, 2024 (File No. 811-05597), as filed with the