SCHEDULE 13G: RiverNorth Capital Management Discloses Significant Stake in Invesco Trust for Investment Grade Municipals

RiverNorth Capital Management, LLC has reported a 5.24% beneficial ownership stake in Invesco Trust for Investment Grade Municipals as of December 31, 2024.

Summary

• RiverNorth Capital Management, LLC, a Delaware-based investment adviser, has filed a Schedule 13G indicating beneficial ownership of shares in Invesco Trust for Investment Grade Municipals.
• As of December 31, 2024, RiverNorth Capital Management beneficially owned 2,840,659 shares of Common stock in Invesco Trust for Investment Grade Municipals.
• This ownership represents 5.24% of the class of securities.
• RiverNorth Capital Management, LLC holds sole voting power and sole dispositive power over all 2,840,659 shares.
• The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategy.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure for an investment adviser acquiring a significant stake (over 5%) in a publicly traded entity, in this case, a closed-end fund focused on municipal bonds. Such disclosures provide transparency to the market regarding large institutional holdings.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional investor's stake, which can influence market perception and potentially signal confidence or strategic interest in the issuer.

Key Dates

Keywords

RiverNorth Capital Management, Invesco Trust for Investment Grade Municipals, Schedule 13G, beneficial ownership, investment adviser, municipal bonds, closed-end fund, common stock