Company: VKI
Filing Date: 2025-05-02
Form Type: N-CSR
Source: 0001193125-25-111536
Chunk: 28

Company: Invesco Advantage Municipal Income Trust II
Filing Date: 2025-05-02
Form: N-CSR
Chunk 28
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 in the Invesco group of investment companies since at least 1995. We have not been able to determine the specific year we began serving as auditor.

| 36 |     | Invesco Advantage Municipal Income Trust II |

Tax Information Form 1099-DIV,Form 1042-Sand other year-end tax information provide shareholders with actual calendar year amounts that should be included in their tax returns. Shareholders should consult their tax advisers. The following distribution information is being provided as required by the Internal Revenue Code or to meet a specific state’s requirement. The Trust designates the following amounts or, if subsequently determined to be different, the maximum amount allowable for its fiscal year ended February 28, 2025:

| Federal and State Income Tax            |     |       |   |
| Qualified Dividend Income*              |     |  0.00 | % |
| Corporate Dividends Received Deduction* |     |  0.00 | % |
| U.S. Treasury Obligations*              |     |  0.00 | % |
| Qualified Business Income*              |     |  0.00 | % |
| Business Interest Income*               |     |  0.00 | % |
| Tax-ExemptInterest Dividends*           |     | 99.76 | % |

| * | The above percentages are based on ordinary income dividends paid to shareholders during the Trust’s fiscal year. |

| 37 |     | Invesco Advantage Municipal Income Trust II |

Additional Information Investment Objective, Policies and Principal Risks of the Trust Recent Changes The following information is a summary of certain changes made during the Trust’s most recent fiscal year. This information may not reflect all of the changes that have occurred since you purchased the Trust. Changes to Fundamental Investment Restrictions At the annual meeting of shareholders held on August 29, 2024, shareholders approved changes to the Trust’s fundamental investment restrictions. As further discussed in the proxy statement sent to shareholders in connection with the changes, the revised fundamental investment restrictions are intended to standardize the Trust’s fundamental restrictions across the Invesco funds complex and update the Trust’s fundamental restrictions in line with regulatory changes, providing the Trust with greater flexibility to respond to market, industry, regulatory or technical changes and innovations. The changes are not anticipated to materially impact the way the Trust is currently managed and operated. For a list of the Trust’s current fundamental investment restrictions, which reflects changes approved by shareholders on August 29, 2024