Form 4: Invesco Advisers, Inc. and Invesco Ltd. Report Changes in Beneficial Ownership of Invesco Real Estate Income Trust Inc. Shares

Invesco Advisers, Inc. and Invesco Ltd. reported transactions involving Class E Common Stock of Invesco Real Estate Income Trust Inc., including a repurchase and an acquisition as payment of management fees.

Summary

• Invesco Advisers, Inc. (IAI), a wholly-owned indirect subsidiary of Invesco Ltd., reported a transaction involving the repurchase of 4,618 shares of Class E Common Stock of Invesco Real Estate Income Trust Inc. at a price of $28.6575 per share on November 29, 2024.
• IAI also acquired 6,178 shares of Class E Common Stock on December 1, 2024, at a price of $28.6575 per share as payment of its management fee.
• Following these transactions, IAI's direct holdings increased from 82,853 to 89,031 shares.
• Both Invesco Advisers, Inc. and Invesco Ltd. are considered directors by deputization for the purposes of Section 16 of the Securities Exchange Act of 1934.

Sentiment

Score: 7

Explanation: The document reflects routine transactions and does not indicate any significant positive or negative sentiment. The transactions are expected and part of normal business operations.

Industry Context

This filing reflects routine transactions related to management fees and share ownership changes within Invesco's real estate income trust, which is common in the investment management industry.

Comparison to Industry Standards

• The transactions are typical for investment management firms where management fees are often paid in shares.
• Share repurchases are a common mechanism for managing capital and shareholder value.
• The reporting of these transactions via SEC Form 4 is standard practice for directors and significant shareholders.

Stakeholder Impact

• The transactions have a minor positive impact on shareholders as the share repurchase may slightly increase the value of remaining shares.
• The payment of management fees in shares is a standard practice and does not have a significant impact on stakeholders.

Key Dates

Keywords

Invesco Advisers, Invesco Ltd, Invesco Real Estate Income Trust, Class E Common Stock, Beneficial Ownership, Share Repurchase, Management Fee, SEC Form 4