Company: OIA
Filing Date: 2025-02-07
Form Type: N-2/A
Source: 0001104659-25-010545
Chunk: 101

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-02-07
Form: N-2/A
Chunk 101
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 may use the global equity trading desk and the alternatives desk in the future. The trading procedures for the global trading desks are similar in all material respects. References in the language below to actions by Invesco or a Sub-Adviser making determinations or taking actions related to equity trading include these entities’ delegation of these determinations/actions to the Americas Desk, the Asia Pacific Desk, and the EMEA Desk. Even when trading is delegated by Invesco or the Sub-Advisers to the various arms of the global equity trading desk or to the alternatives desk, Invesco or the Sub-Adviser that delegates trading is responsible for oversight of this trading activity. Commissions Substantially all of the Fund’s trades are effected on a principal basis. Brokerage commissions during the Fund’s last three fiscal years are as follows:

| Fiscal Year Ended 
 February 29, 2024 |     | Brokerage Commissions | 0 |
|:------------------|:----|:----------------------|--:|
| February 28, 2023 |     | $                     | 0 |
| February 28, 2022 |     | $                     | 0 |

The Fund does not and will not pay brokerage commissions to Brokers affiliated with the Fund, the Adviser, the Sub-Advisers or any affiliates of such entities. The Fund may purchase or sell a security from or to certain other Invesco funds or other accounts (and may invest in affiliated money market funds) provided the Fund follows procedures adopted by the Boards of the various Invesco funds, including the Fund. These inter-fund transactions do not generate brokerage commissions but may result in custodial fees or taxes or other related expenses. Broker Selection The Adviser’s or the Sub-Advisers’ primary consideration in selecting Brokers to execute portfolio transactions for an Invesco fund is to obtain best execution. In selecting a Broker to execute a portfolio transaction in equity or fixed income securities for the Fund, the Adviser or the Sub-Advisers consider the full range and quality of a Broker’s services, including, but not limited to, the value of research and/or brokerage services provided (if permitted by applicable law and regulation), execution capability, commission rate, spread or mark-up or mark-down (as applicable), and willingness to commit capital, anonymity and responsiveness. In each case, the determinative factor is not the lowest commission, spread or mark-up or mark-down available but whether the transaction represents the best qualitative execution