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Invesco Bond Income Plus Issues 600,000 Ordinary Shares at 168.04p

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Invesco Bond Income Plus Limited has issued and allotted 600,000 new ordinary shares at a price of 168.04p per share. The share creation was conducted through the company's existing block listing facility.

The routine tap issuance expands total equity supply to satisfy ongoing secondary market demand. Following the allotment, the overall share count increases to 298,134,911 ordinary shares. The newly created shares rank pari passu alongside existing shares, carrying identical rights without preferential terms.

Investors can watch for subsequent share issuances under the block listing facility as the firm manages equity supply relative to secondary trading demand. Broader market catalysts would depend on larger-scale issuances, distinct pricing premiums or discounts relative to net asset value, or specific announcements regarding the deployment of raised capital.

Key points

  • Invesco Bond Income Plus Limited issued 600,000 ordinary shares at 168.04p per share.
  • The issuance was executed under the trust's block listing facility to meet secondary market demand.
  • Total ordinary shares in issue expanded to 298,134,911 following the transaction.
  • The newly allotted shares rank pari passu, offering the same rights as existing ordinary shares.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

How many shares did Invesco Bond Income Plus Limited issue?

Invesco Bond Income Plus Limited issued 600,000 ordinary shares at a price of 168.04p per share.

What is the total share count for Invesco Bond Income Plus after the issuance?

Following the placement, the total number of ordinary shares in issue reached 298,134,911.

Do the new Invesco Bond Income Plus shares have equal rights?

Yes, the new ordinary shares rank pari passu with existing shares, meaning they carry the exact same rights and dividend entitlements.