Company: OIA
Filing Date: 2025-03-13
Form Type: 424B5
Source: 0001104659-25-023508
Chunk: 55

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-03-13
Form: 424B5
Chunk 55
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 could be changes in applicable tax laws or tax treatments that reduce or eliminate the current federal income tax exemption on Municipal Securities or otherwise adversely affect the current federal or state tax status of Municipal Securities. For example, 2017 legislation commonly known as the Tax Cuts and Jobs Act repeals the exclusion from gross income for interest on pre-refunded municipal securities effective for such bonds issued after December 31, 2017. Taxable municipal securities are debt securities issued by or on behalf of states and their political subdivisions, the District of Columbia, and possessions of the United States, the interest on which is not exempt from federal income tax. Taxable investments include, for example, hedging instruments, repurchase agreements, and many of the types of securities the Fund would buy for temporary defensive purposes. At times, in connection with the restructuring of a municipal bond issuer either outside of bankruptcy court in a negotiated workout or in the context of bankruptcy proceedings, the Fund may determine or be required to accept equity or taxable debt securities, or the underlying collateral (which may include real estate or loans) from the issuer in exchange for all or a portion of the Fund’s holdings in the municipal security. Although the Adviser will attempt to sell those assets as soon as reasonably practicable in most cases, depending upon, among other things, the Adviser’s valuation of the potential value of such assets in relation to the price that could be obtained by the Fund at any given time upon sale thereof, the Fund may determine to hold such securities or assets in its portfolio for limited period of time in order to liquidate the assets in a manner that maximizes their value to the Fund. Municipal Securities also include, but are not limited to, the following securities:

| ● | Bond                                                                                           
 Anticipation Notes usually are general obligations of state and local governmental issuers     
 which are sold to obtain interim financing for projects that will eventually be funded through 
 the sale of long-term debt obligations or bonds.                                               |

| ● | Revenue                                                                                           
 Anticipation Debt Securities, including bonds, notes, and certificates, are issued by             
 governments or governmental bodies with the expectation that future revenues from a designated    
 source will be used to repay the securities. In general, they also constitute general obligations 
 of the issuer.                                                                                    |

S-5

| ● | Tax                                                                                            
 Anticipation Notes are issued by state and local governments to finance the current operations 
 of such governments. Repayment is generally to be derived from specific future tax revenues.   |

| ● | Tax-Exempt