IIM: Deep Discount, Distribution Boost And Potential Opportunity Moving Forward [Seeking Alpha]
Invesco Value Municipal Income Trust (IIM)
US:NYSE Investor Relations:
invesco.com/static/us/productdetail?productid=30600&producttype=fund
Company Research
Source: Seeking Alpha
IIM is leveraged, which adds volatility but also potential reward, especially if risk-free rates decrease and the Fed cuts rates. The fund recently increased its distribution in an effort to close the discount, although for now, that translates directly into weaker coverage. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » Written by Nick Ackerman, co-produced by Stanford Chemist. Invesco Value Municipal Income Trust ( NYSE: IIM ) provides investors with a diversified portfolio of municipal bonds. The fund is trading at a substantial discount, which a recent distribution boost is set to address. Of course, just because a closed-end fund pays a higher distribution doesn't mean it is earned, but we will get into the details of that as well. IIM is also leveraged, which adds more volatility but also further potential reward going forward. If one believes that risk-free rates are heading lower, it make
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