Company: VKI
Filing Date: 2025-05-02
Form Type: N-CSR
Source: 0001193125-25-111536
Chunk: 59

Company: Invesco Advantage Municipal Income Trust II
Filing Date: 2025-05-02
Form: N-CSR
Chunk 59
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 confidential transactions or aggressive tax position transactions, a significant purpose of which is tax avoidance; |

| • |     | Tax services for persons in financial reporting oversight roles at the Fund; and |

| • |     | Any other service that the Public Company Oversight Board determines by regulation is impermissible. |

An Auditor is not independent if, at any point during the audit and professional engagement, the Auditor provides the following non-auditservices unless it is reasonable to conclude that the results of the services will not be subject to audit procedures during an audit of the Funds’ financial statements:

| • |     | Bookkeeping or other services related to the accounting records or financial statements of the audit client; |

| • |     | Financial information systems design and implementation; |

| • |     | Appraisal or valuation services, fairness opinions, or contribution-in-kind reports; |

| • |     | Actuarial services; and |

| • |     | Internal audit outsourcing services. |

(e)(2) There were no amounts that were pre-approvedby the Audit Committee pursuant to the de minimis exception under Rule 2-01of Regulation S-X. (f) Not applicable. (g) In addition to the amounts shown in the tables above, PwC billed Invesco and Invesco Affiliates aggregate fees of $6,489,000 for the fiscal year ended February 28, 2025 and $6,510,000 for the fiscal year ended February 29, 2024. In total, PwC billed the Registrant, Invesco and Invesco Affiliates aggregate non-auditfees of $7,643,433 for the fiscal year ended February 28, 2025 and $7,618,598 for the fiscal year ended February 29, 2024. PwC provided audit services to the Investment Company complex of approximately $35 million.

(h) The Audit Committee also has considered whether the provision of non-audit services that were rendered to Invesco and Invesco Affiliates that were not required to be pre-approved pursuant to SEC regulations, if any, is compatible with maintaining PwC’s independence.

(i) Not Applicable.

(j) Not Applicable.

Item 5. Audit Committee of Listed Registrants.

(a) The Registrant has a separately designated Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended, which consists solely of independent trustees.