Company: OIA
Filing Date: 2025-11-07
Form Type: N-CSRS
Source: 0001193125-25-271173
Chunk: 18

Company: Invesco Municipal Income Opportunities Trust
Filing Date: 2025-11-07
Form: N-CSRS
Chunk 18
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|-----------------:|:----|-----------:|:----|-------------:|:----|-----------:|
|                                             |     |       August 31, |     |            |     | February 28, |     |            |
|                                             |     |             2025 |     |            |     |         2025 |     |            |
| Beginning shares                            |     |                  |     | 47,676,824 |     |              |     | 47,644,344 |
| Shares issued through dividend reinvestment |     |                  |     |          – |     |              |     |     32,480 |
| Ending shares                               |     |                  |     | 47,676,824 |     |              |     | 47,676,824 |

The Trust may, when appropriate, purchase shares in the open market or in privately negotiated transactions at a price not above market value or net asset value, whichever is lower at the time of purchase. The Trust has filed a registration statement (the “Registration Statement”) with the U.S. Securities and Exchange Commission authorizing the Trust to issue up to 25,500,000 additional common shares through a “shelf” registration process pursuant to Rule 415 under the 1933 Act. During the six months ended August 31, 2025 and the year ended February 28, 2025, the Trust did not sell any common shares pursuant to the Registration Statement. The Trust has entered into a distribution agreement with Invesco Distributors, Inc. (“IDI”), an affiliate of the Trust and Invesco, to provide for distribution of the Trust’s common shares. IDI has entered into a sub-placementagent agreement dated March 13, 2025 with JonesTrading Institutional Services LLC pursuant to which

| 20 |     | Invesco Municipal Income Opportunities Trust |

JonesTrading Institutional Services LLC will be acting as IDI’s exclusive sub-placementagent (the “Sub-PlacementAgent”) with respect to the Trust’s common shares offered pursuant to the Registration Statement. Under the 1940 Act, the Trust may not sell any common shares at a price below the current net asset value per share of such common shares plus the per share amount of any distributing commission or discount. The Trust or IDI will suspend the sale of common shares if the per share price of the common shares is less than such minimum price. The Trust currently intends to distribute the common shares offered pursuant to the Registration Statement primarily in negotiated transactions or