Company: DBO
Filing Date: 2025-11-10
Form Type: 424B3
Source: 0001193125-25-273330
Chunk: 112

Company: Invesco DB Oil Fund
Filing Date: 2025-11-10
Form: 424B3
Chunk 112
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 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and administrative and judicial interpretations thereof, all as of the date hereof, and such authorities may be repealed, revoked, modified or subject to differing interpretations, possibly on a retroactive basis, so as to result in U.S. federal income tax consequences different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 resident of the United States; ● a corporation (or other entity taxable as a corporation) created or organized in or under the laws of the United States or any state thereof or the District of Columbia; ● an estate the income of which is subject to U.S. federal income taxation regardless of its source; or ● a trust if it (1) is subject to the primary supervision of a court within the United States and one or more U.S. persons have the authority to control all substantial decisions of such trust or (2) has a valid election in effect under applicable Treasury Regulations to be treated as a U.S. person. A “non-U.S. Shareholder” means a beneficial owner of Shares