Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 27

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 27
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 may be issued independently or together with any other offered security and may or may not be transferable by the person purchasing or receiving the rights. In connection with a rights offering to shareholders, the Fund would distribute certificates or other documentation (i.e., rights cards distributed in lieu of certificates) evidencing the rights and a Prospectus Supplement to the Fund’s shareholders as of the record date that the Fund sets for determining the shareholders eligible to receive rights in such rights offering. Any such future rights offering will be made in accordance with the 1940 Act. Under the laws of Delaware, the Board is authorized to approve rights offerings without obtaining shareholder approval. The staff of the SEC has interpreted the 1940 Act as not requiring shareholder approval of a transferable rights offering to purchase Common Shares at a price below the then current net asset value so long as certain conditions are met, including: (i) a good faith determination by a fund’s board that such offering would result in a net benefit to existing shareholders; (ii) the offering fully protects shareholders’ preemptive rights and does not discriminate among shareholders (except for the possible effect of not offering fractional rights); (iii) management uses its best efforts to ensure an adequate trading market in the rights for use by shareholders who do not exercise such rights; and (iv) the ratio of a transferable rights offering does not exceed one new share for each three rights held. 16

The applicable Prospectus Supplement would describe the following terms of the rights in respect of which this Prospectus is being delivered:

| ● | the period of time the offering would remain open; |

| ● | the underwriter or distributor, if any, of the rights and any associated underwriting fees or discounts applicable to purchases of the rights; |

| ● | the title of such rights; |

| ● | the exercise price for such rights (or method of calculation thereof); |

| ● | the number of such rights issued in respect of each Share; |

| ● | the number of rights required to purchase a single Share; |

| ● | the extent to which such rights are transferable and the market on which they may be traded if they are transferable; |

| ● | if applicable, a discussion of the material U.S. federal income tax considerations applicable to the issuance or exercise of such rights; |

| ● | the date on which the right to exercise such rights will commence, and the date on which such right will expire (subject to any extension); |

| ● | the extent to which such rights include