Company: VMO
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001193125-25-143555
Chunk: 22

Company: Invesco Municipal Opportunity Trust
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 22
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 the Fund’s risk profile, the Board generally is consulted in advance with respect to such
change.

26

Compensation of Trustees

Each Trustee who is not affiliated with Invesco is compensated for his or her services according to a fee schedule that
recognizes the fact that such Trustee also serves as a Trustee of other Invesco Funds. Each such Trustee receives a fee, allocated among the Invesco Funds for which he or she serves as a Trustee that consists of an annual retainer component and a
meeting fee component. The Chair of the Board and Chair of each Committee (defined below) and Sub-Committee receive additional compensation for their services. The Trustees have adopted a retirement policy
that permits each Trustee to serve until December 31 of the year in which the Trustee turns 75. Compensation received by the Trustees of the Funds as of fiscal year ended February 28, 2025 is shown on hereto.

Pre-AmendmentRetirement Plan for Trustees

The Trustees have adopted a Retirement Plan for the Trustees who are not affiliated with the Adviser. A description of the pre-amendment Retirement Plan follows. Annual retirement benefits are available from the Funds and/or the other Invesco Funds for which a Trustee serves (each, a “”), for each Trustee
who is not an employee or officer of the Adviser, who either (a) became a Trustee prior to December 1, 2008, and who has at least five years of credited service as a Trustee (including service to a predecessor fund) of a Covered Fund, or
(b) was a member of the Board of Trustees of a Van Kampen Fund immediately prior to June 1, 2010 (“”), and has at least one year of credited service as a Trustee of a Covered Fund after
June 1, 2010.

For Trustees other than Former Van Kampen Trustees, effective January 1, 2006, for retirements
after December 31, 2005, the retirement benefits will equal 75% of the Trustee’s annual retainer paid to or accrued by any Covered Fund with respect to such Trustee during the twelve-month period prior to retirement, including the amount
of any retainer deferred under a separate deferred compensation agreement between the Covered Fund and the Trustee. The amount of the annual retirement benefit does not include additional compensation paid for Board meeting fees or compensation paid
to the Chair of the Board and the Chairs and Vice Chairs of