Invesco Asia Trust has announced that, as its discount was wider than 10% on average over the year to 30 April 2017, a tender offer for 15% of its shares at a 2% discount has been triggered. The average discount over the measurement period was 10.9%. The record date for participation in the tender offer is the close of business on 3 May 2017.
In light of the proposed tender offer, the Board is considering its approach to discount control for future financial periods, to ensure that the company remains attractive to the broadest possible range of long term investors. Further information will be included in the company’s 2017 Annual Financial Report.
IAT : Invesco Asia plans 15% tender