Company: DBO
Filing Date: 2025-08-26
Form Type: 424B3
Source: 0001193125-25-188736
Chunk: 113

Company: Invesco DB Oil Fund
Filing Date: 2025-08-26
Form: 424B3
Chunk 113
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 any claims, and if the Fund elects to assume the defense, the defense will be conducted by counsel chosen by the Fund. In the event the Fund elects to assume the defense of any suit and retain counsel, Invesco Distributors, its officers or directors or controlling person(s) or defendant(s) in the suit, will bear the fees and expenses of any additional counsel retained by them. If the Fund does not elect to assume the defense of any suit, it will reimburse Invesco Distributors, its officers or directors or controlling person(s) or defendant(s) in the suit for the reasonable fees and expenses of any counsel retained by them. The Fund agrees to notify Invesco Distributors promptly of the commencement of any litigation or proceeding against it or any of its officers in connection with the issuance or sale of any of the Shares. Material U.S. Federal Income Tax Considerations The following discussion describes the material U.S. federal (and certain state and local) income tax considerations associated with the purchase, ownership and disposition of Shares as of the date hereof by

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U.S. Shareholders (as defined below) and non-U.S. Shareholders (as defined below). Except where explicitly noted, this discussion deals only with Shares held as capital assets by Shareholders who acquired Shares by purchase and does not address special situations, such as those of: ● dealers in securities, commodities or currencies; ● financial institutions; ● regulated investment companies (“RICs”); ● real estate investment trusts; ● tax-exempt organizations; ● insurance companies; ● persons holding Shares as a part of a hedging, integrated or conversion transaction or a straddle; ● accrual method taxpayers subject to special tax accounting rules as a result of their use of financial statements; ● traders in securities or commodities that elect to use a mark-to-market method of accounting for their securities or commodities holdings; or ● persons liable for federal alternative minimum tax. Furthermore, the discussion below is based upon the provisions of the Code, the Treasury Regulations promulgated thereunder, and administrative and judicial interpretations thereof, all as of the date hereof, and such authorities may be repealed, revoked, modified or subject to differing interpretations, possibly on a retroactive basis, so as to result in U.S. federal income tax consequences different from those described below, which may adversely affect the Fund and/or its shareholders. A “U.S. Shareholder” means a beneficial owner of Shares that is for U.S. federal income tax purposes: ● an individual citizen or