Invesco Advantage Municipal Income Trust II
VKI
New York Stock Exchange American- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Colin D. Meadows
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 1331 Spring Street, North West Atlanta GA United States of America 30309
- IPO Date
- Oct 14, 1993
- CIK
- 0000908993
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Advantage Municipal Income Trust II (VKI) is a closed-end fixed income fund launched by Invesco Ltd. that seeks to provide shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. The fund primarily invests at least 80% of its net assets in investment grade municipal securities, including municipal bonds, municipal notes, municipal commercial paper, and lease obligations; it may allocate up to 20% to non-investment-grade or unrated securities deemed comparable in quality, as well as securities subject to the federal alternative minimum tax. It employs a fundamental analysis-driven, bottom-up security selection approach, with a portfolio featuring an option adjusted duration of 10.35 years, weighted average maturity of 20.12 years, and top sector exposures in hospital (15.94%), local general obligation (11.18%), airport (10.59%), industrial development/privately placed revenue (9.04%), and dedicated tax (8.69%) obligations as of September 30, 2025. The fund is co-managed by Invesco Advisers, Inc., alongside Invesco affiliates including INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc., with key portfolio managers such as Mark Paris, Jack Connelly, Josh Cooney, Tim O'Reilly, John Schorle, Rebecca Setcavage, and Julius Williams. Operations focus on the U.S. fixed income markets, targeting retail and institutional investors seeking tax-advantaged income, with common assets of $401.5 million, total assets of $629.0 million, and effective leverage of 36.16% via preferred shares (23.35%) and tender option bonds as of September 30, 2025. Formed on August 27, 1993, and headquartered at 1331 Spring Street NW, Suite 2500, Atlanta, Georgia, the fund was formerly known as Invesco Van Kampen Advantage Municipal Income Trust II. Recent developments include increased distribution rates announced by Invesco for all investment grade municipal bond closed-end funds, including VKI, as well as monthly dividend declarations of $0.0559 per share, yielding approximately 7.65% on market price and 7.42% on NAV as of late 2025. Invesco Advisers, Inc. implemented shareholder-approved changes to fundamental investment restrictions in 2024 to standardize policies across the Invesco funds complex. At the parent level, Invesco Ltd. completed a $1 billion repurchase of its Series A Preferred Stock from MassMutual in May 2025, alongside a new strategic product and distribution partnership with Barings (MassMutual's asset management arm) backed by $650 million in initial funding to expand private markets capabilities.