TORONTO, July 17, 2018 /CNW/ - Invesco Canada (Invesco) today announced voting results on proposals put forth at a securityholder meeting in held in Toronto today.

Securityholders approved changes to the investment objectives of Invesco Advantage Bond Fund, to allow for a global multi-sector approach. This will permit the Fund to better leverage the Invesco Fixed Income^† team's global depth and sector expertise. To reflect this change, the Fund will be renamed Invesco Active Multi-Sector Credit Fund, effective the close of business July 27, 2018.

The multi-sector approach will provide for increased diversification across four broad asset classes: global investment-grade credit; global high-yield credit; emerging-markets debt; and bank loans.

The strategy aims to provide income with the potential for longer-term capital growth through security selection, strategic and tactical asset allocation and a disciplined risk management process applied to global credit-related debt securities.

Securityholders also approved changes to the investment objectives of the following four PowerShares^® Funds:

• PowerShares 1-5 Year Laddered Corporate Bond Index Fund
• PowerShares Canadian Dividend Index Class
• PowerShares Canadian Preferred Share Index Class
• PowerShares FTSE RAFI^® Canadian Fundamental Index Class

The changes to the investment objectives will allow the portfolio management team to invest in the Invesco ETF that tracks each Fund's respective index, rather than buying and selling the underlying securities that make up each index. This change will provide an operationally efficient means of tracking the performance of each Fund's respective index.

For more information, please visit invesco.ca. You can also connect with Invesco on Twitter (@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.

About Invesco Ltd.

Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. NYSE: IVZ; invesco.com.

Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the simplified prospectus before investing. Copies are available from your advisor or Invesco Canada Ltd.

^† Invesco Fixed Income (IFI) is a unit comprising Invesco Senior Secured Management, Inc. of New York, U.S, Invesco Advisers, Inc. of Atlanta, U.S.; Invesco Asset Management Ltd. of London, U.K.; and Invesco Canada Ltd. of Toronto, Canada.

© Invesco Canada Ltd., 2018

SOURCE Invesco Canada Ltd.

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