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Invesco Trust for Investment Grade Municipals C.VGM


Primary Symbol: VGM

Invesco Trust for Investment Grade Municipals (the Trust) is a diversified, closed-end management investment trust. The Trust's investment objective is to provide common shareholders with a high level of current income exempt from federal income tax, consistent with preservation of capital. It will invest substantially all of its assets in municipal securities rated investment grade at the time of investment. Municipal securities include municipal bonds, municipal notes, municipal commercial paper and lease obligations. Under normal market conditions, approximately 80% of the Trust’s total assets will be invested in municipal securities. The Trust may invest up to 20% of its total assets in municipal securities rated below investment grade or that are unrated. Invesco Advisers, Inc. serves as its investment advisor.


NYSE:VGM - Post by User

Post by gamer96on Oct 24, 2016 10:06pm
57 Views
Post# 25380753

Distribution quota

Distribution quota
the Distributor is required to sell a minimum of 289,476 litres in 2017, 1,021,680 litres in 2018 and 4,597,560 litres in 2019.

Those numbers are easily attainable.
Assuming 2017 delivery is by MAY 1st , 245 days left in the year, 1,500 customer (1 liter per day) for rest of year, would be 367,500.
For 2018,   2,800 daily users would satisfy that quota.
For 2019, 12,600 daily users would satisfy that quota. 
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