Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 180

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 180
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 faced fiscal stress in recent years. C-7 From year-to-year, Guam may experience a number of political, social, economic and environmental circumstances that influence Guam’s economic and fiscal condition. Such circumstances include, but are not limited to: (i) persistent structural imbalances; (ii) rising debt levels; (iii) significant pension underfunding; (iv) revenue volatility; (v) developments with respect to the U.S. and world economies; (vi) environmental considerations, natural disasters and widespread diseases, including pandemics and epidemics; and (vii) U.S. federal economic and fiscal policies, including the amount of federal aid provided to Guam. There can be no guarantee that future developments, including events affecting Guam’s economic and fiscal condition, will not have a materially adverse impact on Guam’s finances. Any deterioration in Guam’s financial condition may have a negative effect on the marketability, liquidity or value of the securities issued by Guam, which could reduce the performance of a fund. Current Economic Climate.As of September 2023, Guam’s civilian labor force consisted of approximately 71, 990 individuals. This figure includes citizens of the Federated States of Micronesia and the Republic of Marshall Islands, who are authorized by compact to accept employment in the United States, and also citizens of the Republic of Palau, who are authorized by covenant to accept employment in the United States. The unemployment rate in Guam for September 2023 was 4.1%, an increase of 0.1 percentage points from the June 2023 figure of 4.0%, and a reduction of 0.3 percentage points from September 2022. Guam’s unemployment rate was above the national average of 3.8% in September 2023. Approximately 76% of Guam’s workforce is employed in the private sector, with the remainder employed by the federal and local governments. Based upon preliminary reports for June 2024, Guam’s private sector employment increased 4.9%, federal government employment decreased 2.9% and local government employment increased 3.1%. Guam’s 2022 gross domestic product is estimated at $6.91 billion. The Bureau of Economic Analysis estimates indicate that after declining in calendar year 2020 due to COVID-19, Guam’s GDP continued to grow from $6.234 billion in 2021 to $6.910 billion in 2022, an increase of 10.8%. The 2022 gross domestic product figure primarily consists of approximately $