Company: VMO
Filing Date: 2025-11-07
Form Type: N-CSRS
Source: 0001193125-25-271184
Chunk: 18

Company: Invesco Municipal Opportunity Trust
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 18
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 extent required by the Internal Revenue Code and may be further limited depending upon a variety of factors, including the realization of net unrealized gains or losses as of the date of any reorganization. |

NOTE 8–Investment Transactions The aggregate amount of investment securities (other than short-term securities, U.S. Government obligations and money market funds, if any) purchased and sold by the Trust during the six months ended August 31, 2025 was $195,052,286 and $245,101,803, respectively. As of August 31, 2025, the aggregate cost of investments, including any derivatives, on a tax basis listed below includes the adjustments for financial reporting purposes as of the most recently completed federal income tax reporting period-end:

| Unrealized Appreciation (Depreciation) of Investments on a Tax Basis |     |   |             |   |
|:---------------------------------------------------------------------|:----|:--|------------:|:--|
| Aggregate unrealized appreciation of investments                     |     | $ |  11,563,956 |   |
| Aggregate unrealized (depreciation) of investments                   |     |   | (54,918,115 | ) |
| Net unrealized appreciation (depreciation) of investments            |     | $ | (43,354,159 | ) |

Cost of investments for tax purposes is $1,086,596,226. NOTE 9–Common Shares of Beneficial Interest Transactions in common shares of beneficial interest were as follows:

|                                             |     | 2025 | Six Months EndedAugust 31, |     | 2025 | Year EndedFebruary 28, |
|:--------------------------------------------|:----|:-----|---------------------------:|:----|:-----|-----------------------:|
| Beginning shares                            |     |      |                 67,440,685 |     |      |             67,440,685 |
| Shares issued through dividend reinvestment |     |      |                          – |     |      |                      – |
| Ending shares                               |     |      |                 67,440,685 |     |      |             67,440,685 |

The Trust may, when appropriate, purchase shares in the open market or in privately negotiated transactions at a price not above market value or net asset value, whichever is lower at the time of purchase.

| 29 |     | Invesco Municipal Opportunity Trust |

NOTE 10–Variable Rate Muni Term Preferred Shares The Trust issued Series 201