Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 98

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 98
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 (such as mutual      
 funds for which Invesco or an affiliate acts as sub-adviser, other pooled investment vehicles that are not registered mutual funds, and     
 other accounts managed for organizations and individuals), the Adviser and each Sub-Adviser may be limited by the client with respect       
 to the selection of brokers or may be instructed to direct trades through a particular broker. In these cases, trades for the Fund in       
 a particular security may be placed separately from, rather than aggregated with, such other accounts. Having separate transactions with    
 respect to a security may temporarily affect the market price of the security or the execution of the transaction, or both, to the possible 
 detriment of the Fund or other account(s) involved.                                                                                         |

| ● | The appearance of a conflict of interest may arise where the Adviser or Sub-Adviser has an incentive,                                 
 such as a performance-based management fee, which relates to the management of one Fund or account but not all funds and accounts for 
 which a portfolio manager has day-to-day management responsibilities.                                                                 |

The Adviser, each Sub-Adviser, and the Fund have adopted certain compliance procedures which are designed to address these types of conflicts. However, there is no guarantee that such procedures will detect each and every situation in which a conflict arises. Description of Compensation Structure The Adviser and each Sub-Adviser seek to maintain a compensation program that is competitively positioned to attract and retain high-caliber investment professionals. Portfolio managers receive a base salary, an incentive cash bonus opportunity and a deferred compensation opportunity. Portfolio manager compensation is reviewed and may be modified each year as appropriate to reflect changes in the market, as well as to adjust the factors used to determine bonuses to promote competitive Fund performance. The Adviser and each Sub-Adviser evaluate competitive market compensation by reviewing compensation survey results conducted by an independent third party of investment industry compensation. Each portfolio manager’s compensation consists of the following three elements: Base Salary.Each portfolio manager is paid a base salary. In setting the base salary, the Adviser and each Sub-Adviser’s intention is to be competitive in light of the particular portfolio manager’s experience and responsibilities. Annual Bonus.The portfolio managers are eligible, along with other employees of the Adviser and each Sub-Adviser, to participate in a discretionary year-end bonus pool. The Compensation Committee of Invesco Ltd. reviews and approves the firm-wide bonus pool available based upon progress against strategic objectives and annual operating plan, including investment