Company: VVR
Filing Date: 2025-03-21
Form Type: 424B5
Source: 0001104659-25-026711
Chunk: 24

Company: Invesco Senior Income Trust
Filing Date: 2025-03-21
Form: 424B5
Chunk 24
---
 right to purchase any preferred shares that might be issued. Any such preferred share offering would be subject to the limits imposed by the 1940 Act. Under the 1940 Act, the Fund may not issue preferred shares if, immediately after issuance, the Fund would have asset coverage (as defined in the 1940 Act) of less than 200% (i.e., for every dollar of preferred shares outstanding, the Fund is required to have at least two dollars of assets). The terms of the preferred shares, including their distribution rate, voting rights, liquidation preference and redemption provisions, will be determined by the Board (subject to applicable law and the Fund’s Declaration of Trust) if and when it authorizes the preferred shares. The Fund may issue preferred shares that provide for the periodic redetermination of the distribution rate at relatively short intervals through an auction or remarketing procedure, although the terms of the preferred shares may also enable the Fund to lengthen such intervals. At times, the distribution rate on the Fund’s preferred shares may exceed the Fund’s return after expenses on the investment of proceeds from the preferred shares, resulting in a lower rate of return to Common Shareholders than if the preferred shares were not outstanding. Preferred Shares. On October 24, 2024, the Fund issued two series of 500 preferred shares in the variable rate demand mode (together, the “Preferred Shares”), for an aggregate of 1,000 Preferred Shares each with a liquidation preference of $100,000 per share, pursuant to an offering exempt from registration under the Securities Act of 1933. Proceeds from the issuance of the Preferred Shares were used to redeem all of the Fund’s outstanding Variable Rate Demand Preferred Shares (“VRDP Shares”). The Preferred Shares are a floating-rate form of preferred shares with a mandatory redemption date. While in the variable rate demand mode, the Preferred Shares will have an unconditional liquidity feature that enable their shareholders to require a liquidity provider, which the Fund has entered into a contractual agreement with regarding each series, to purchase Preferred Shares in the event that the shares are not able to be successfully remarketed. The Fund is required to redeem all outstanding Preferred Shares on November 1, 2034, unless earlier redeemed, repurchased or extended. The Preferred Shares are subject to optional and mandatory redemption in certain circumstances. The redemption price per share is equal to the sum of $100,000 per share plus accumulated but unpaid dividends thereon (whether or not earned or declared) to, but not including the redemption date. On