Company: OIA
Filing Date: 2025-05-02
Form Type: N-CSR
Source: 0001193125-25-111534
Chunk: 29

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-05-02
Form: N-CSR
Chunk 29
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 medium quality, non-ratedMunicipal Obligations many of the same general characteristics as Moody’s does with respect to Municipal Obligations rated A, Baa and Ba and as S&P does with respect to Municipal Obligations rated A, BBB and BB. Medium quality, non-ratedMunicipal Obligations are obligations of those issuers which the Adviser believes possess adequate but not outstanding capacities to service their obligations. The Trust may also invest in other types of Municipal Obligations, including rated or non-ratedhigher quality or lower quality Municipal Obligations. The Trust may acquire higher quality obligations for its portfolio when the difference in yields on higher and lower quality obligations is narrowed to the extent that higher risk is not justified by higher return, or, when unusual market conditions are present. The Trust intends to emphasize investments in Municipal Obligations with long-term maturities (10 years or more) because such long-term obligations generally produce higher income than short-term obligations although such longer-term obligations are more susceptible to market fluctuations resulting from changes in interest rates than shorter-term obligations. The average maturity of the Trust’s portfolio as well as the emphasis on longer-term obligations may vary depending upon market conditions. The Trust will only invest in Municipal Obligations which are currently paying or accruing income at the time of purchase. The Adviser will attempt to reduce the risks of investing in medium and lower quality Municipal Obligations through the use of active portfolio management, diversification, extensive credit research and analysis, economic analysis, including attention to current trends in the economy and financial markets, and participation in the financial futures and options markets. Also, the Trust will take any action it considers appropriate in the event of anticipated financial difficulties or default, or an actual default or bankruptcy, of either the issuer of any such obligation or of the underlying source of funds for debt service of such obligation. Such action may include retaining the services of various persons or firms such as consulting or management services (including affiliates of the Adviser), to evaluate or protect any real estate, facilities or other assets securing such obligation or acquired by the Trust as a result of any of the aforementioned events. Except during temporary defensive periods, the Trust may not invest more than 20% of its net assets in “temporary investments,” the income from which may be subject to federal income taxes. The Trust may invest more than 20% of its net assets in temporary investments for defensive purposes when market or economic conditions dictate. The Trust will invest only in temporary investments which are certificates of deposit of