SCHEDULE 13G/A: Morgan Stanley Reduces Stake in Invesco High Income 2024 Target Term Fund Below 5% Threshold
Beneficial Ownership Change Filing
Morgan Stanley and its subsidiary, Morgan Stanley Smith Barney LLC, have filed an amendment to their Schedule 13G, indicating they are no longer beneficial owners of more than five percent of the common stock of Invesco High Income 2024 Target Term Fund.
Summary
- Morgan Stanley and Morgan Stanley Smith Barney LLC have filed an Amendment No. 9 to their Schedule 13G for Invesco High Income 2024 Target Term Fund.
- As of December 31, 2024, both Morgan Stanley and Morgan Stanley Smith Barney LLC ceased to be beneficial owners of more than five percent of the common stock of Invesco High Income 2024 Target Term Fund.
- The aggregate amount beneficially owned by each reporting person is now 0.00 shares, representing 0.0% of the class of securities.
- Morgan Stanley Smith Barney LLC is identified as a wholly-owned subsidiary of Morgan Stanley.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of a change in beneficial ownership, with no inherently positive or negative implications for the issuer explicitly stated within the filing itself.
Future Outlook
The document does not provide any forward-looking statements or guidance regarding the issuer's future performance or the reporting persons' future investment intentions beyond the current ownership status.
Industry Context
This filing is a routine disclosure required by the SEC when an institutional investor's beneficial ownership in a public company falls below the 5% reporting threshold. It reflects a change in a specific fund's shareholder base rather than a broader industry trend or competitive shift.
Stakeholder Impact
- Shareholders: The filing indicates a reduction in a significant institutional holder's stake, which is a change in the shareholder base. However, the direct impact on other shareholders from this disclosure alone is minimal as the trading activity would have already occurred.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which required the filing, indicating Morgan Stanley and Morgan Stanley Smith Barney LLC ceased to be beneficial owners of more than five percent of the class of securities. |
| 01/08/2025 | Date the Schedule 13G Amendment No. 9 was signed and filed. |
Keywords
Morgan Stanley, Invesco High Income 2024 Target Term Fund, Schedule 13G, Beneficial Ownership, Common Stock, Investment Fund, SEC Filing
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