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Invesco Advantage MIT II

Invesco Advantage MIT II

VKI · AMEX · Financial Services / Asset Management

8.47USD+0.09 (+1.07%)

Price History

Full chart

Market Stats

Previous Close8.38
Open8.33
Day Range8.32 – 8.48
52-Week Range7.63 – 9.42
Volume112.32K
Market Cap353.72M
P/E (TTM)31.84
Forward P/E0.00
EPS0.25
Dividend Yield8.43%
Beta0.66
50-Day Avg8.81
200-Day Avg8.99

About

Invesco Advantage Municipal Income Trust II is a closed-ended fixed income mutual fund launched by Invesco Ltd. The fund is co-managed by Invesco Advisers, Inc, INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities which include municipal bonds, municipal notes, municipal commercial paper, and lease obligations. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio. The fund was formerly known as Invesco Van Kampen Advantage Municipal Income Trust II. Invesco Advantage Municipal Income Trust II was formed on August 27, 1993 and is domiciled in the United States.

Company Details

Leadership

  • Mr. Colin D. Meadows J.D.Principal Executive Officer and President · b. 1971
  • Mr. Mark E. ParisPortfolio Manager
  • Mr. Robert J. Stryker CFAPortfolio Manager
  • Mr. James D. PhillipsPortfolio Manager
  • Mr. Julius D. WilliamsPortfolio Manager
  • Mr. John ConnellySenior Portfolio Manager
  • Mr. Tim O'ReillyPortfolio Manager

Financials

Income Statement

Currency: USD2007-02-282008-02-292009-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Revenue55.36M61.58M62.44M74.90M113.52M53.87M-11.13M68.38M31.71M2.43M20.00M15.86M64.63M6.29M-2.36M-63.51M45.86M29.35M26.10M
Growth (%)-+11.23%+1.39%+19.97%+51.55%-52.54%-120.66%+714.46%-53.63%-92.33%+722.05%-20.70%+307.50%-90.27%-137.50%-2593.89%+172.21%-36.01%-11.07%
Cost of Revenue5.19M5.34M5.92M----08.99M11.30M11.90M13.17M13.62M4.97M-34.95M4.30M11.48M4.00M3.67M
Gross Profit50.17M56.24M56.51M74.90M113.52M53.87M-11.13M68.38M22.71M-8.87M8.10M2.69M51.02M1.31M32.60M-67.81M34.38M25.35M22.43M
Gross Margin90.63%91.33%90.51%100.00%100.00%100.00%100.00%100.00%71.63%-364.49%40.51%16.94%78.93%20.92%-1382.69%106.77%74.97%86.39%85.94%
Operating Expense1.41M1.48M-20.09K714.50K1.07M600.67K684.55K520.12K-8.45M-10.92M-1.39M-29.89M20.08M-28.93M5.01M-95.61M-11.17M236.36K1.96M
Operating Income48.76M54.76M56.53M74.19M112.45M53.27M-11.81M67.86M31.17M2.05M9.49M32.57M30.94M30.24M27.59M27.80M45.55M25.12M20.47M
Operating Margin88.07%88.93%90.54%99.05%99.06%98.88%106.15%99.24%98.29%84.44%47.46%205.36%47.86%481.05%-1170.23%-43.77%99.32%85.58%78.43%
EBITDA---75.20M113.78M56.59M-8.31M71.62M28.47M-34.82M9.49M15.45M72.44M10.61M43.41M-87.85M34.07M25.12M20.47M
EBITDA Margin---100.40%100.23%105.05%74.68%104.73%89.79%-1430.90%47.46%97.40%112.08%168.81%-1841.35%138.33%74.29%85.58%78.43%
Net Income48.33M520.50K-150.51M74.19M112.45M53.11M-11.81M67.86M31.17M2.05M19.39M15.45M64.14M6.05M-2.52M-63.82M34.07M14.40M11.06M
Net Income Margin87.29%0.85%-241.07%99.05%99.06%98.59%106.15%99.24%98.29%84.44%96.95%97.40%99.24%96.19%106.76%100.49%74.29%49.08%42.37%
R&D--------0000-------
R&D as % of Total Revenue--------0.00%0.00%0.00%0.00%-------
Interest Expense0001.01M1.33M3.48M3.50M3.75M3.57M5.79M6.44M8.07M8.30M4.57M3.61M8.07M11.48M10.71M9.41M
Interest Expense % of Total Revenue0.00%0.00%0.00%1.35%1.17%6.46%-31.47%5.49%11.25%237.91%32.17%50.90%12.85%72.62%-152.96%-12.71%25.03%36.50%36.07%

Balance Sheet

Currency: USD2007-02-282008-02-292009-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Total Assets1.20B1.27B932.92M871.77M955.04M962.02M911.90M954.13M955.33M935.21M900.98M868.65M922.39M882.28M853.65M717.27M700.92M659.14M643.38M
Total Liabilities119.70M231.81M186.05M380.64M390.28M382.04M378.53M387.18M391.83M401.40M376.91M356.03M369.52M347.53M346.89M296.31M262.96M233.77M236.69M
Total Equity1.09B1.03B746.87M491.12M564.76M579.98M533.37M566.95M563.50M533.81M524.07M512.61M552.87M534.75M506.77M420.95M437.95M425.37M406.69M
Cash37.27K80.88K-1.58M----00055.65K1.69M1.69M3.10M13.81M-336.26K108.59K
Total Debt---103.08M-143.71M142.09M151.44M387.37M400.22M373.94M354.73M363.99M345.99M339.25M68.29M256.43M48.64M230.83M
Net Debt---101.51M-143.71M142.09M151.44M156.37M169.24M157.96M138.69M147.81M128.33M120.17M54.48M256.43M48.30M230.72M

Cash Flow

Currency: USD2007-02-282008-02-292009-02-282011-02-282012-02-292013-02-282014-02-282015-02-282016-02-292017-02-282018-02-282019-02-282020-02-292021-02-282022-02-282023-02-282024-02-292025-02-282026-02-28
Operating Cash Flow36.95M-108.20M26.43M77.15M29.89M44.05M41.24M23.20M31.45M20.50M54.40M47.57M14.55M43.84M33.62M87.71M15.87M51.42M17.11M
Investing Cash Flow137.81M137.81M137.81M-----8.21M-24.48M25.54M28.02M-18.20M18.48M14.97M92.37M12.54M36.00M47.44M
Financing Cash Flow508.32M108.25M-164.32M-75.87M-29.89M-44.05M-41.24M-23.20M-31.45M-20.50M-54.40M-47.52M-14.61M-42.15M-32.21M-77.00M-44.91M-51.08M-31.21M
Capital Expenditure0000000000000000400
Free Cash Flow---77.15M29.89M44.05M41.24M23.20M31.45M20.50M54.40M47.57M14.55M43.84M33.62M87.71M15.87M51.42M17.11M
Dividends Paid27.52M31.09M31.96M38.04M38.16M37.89M34.73M34.29M34.62M31.75M29.14M26.02M23.01M24.15M25.46M20.47M16.74M16.57M18.25M
FCF to OCF---100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF---49.30%127.65%86.03%84.23%147.83%110.09%154.89%53.57%54.70%158.10%55.09%75.73%23.33%105.48%32.23%106.67%

Earnings

Report DateMay 31, 2011Aug 31, 2011Nov 30, 2011Feb 29, 2012May 31, 2012Aug 31, 2012Nov 30, 2012Feb 28, 2013May 31, 2013Aug 31, 2013Nov 30, 2013Feb 28, 2014May 31, 2014Aug 31, 2014Nov 30, 2014Feb 28, 2015May 31, 2015Aug 31, 2015Nov 30, 2015Feb 29, 2016May 31, 2016Aug 31, 2016Nov 30, 2016Feb 28, 2017May 31, 2017Aug 31, 2017Nov 30, 2017Feb 28, 2018May 7, 2018Aug 31, 2018Nov 8, 2018Feb 28, 2019May 9, 2019Aug 31, 2019Nov 7, 2019Feb 29, 2020May 6, 2020Aug 31, 2020Nov 6, 2020Feb 28, 2021May 7, 2021Aug 31, 2021Nov 4, 2021May 6, 2022Nov 4, 2022May 3, 2023Nov 1, 2024May 2, 2025Nov 7, 2025
EPS Estimate0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
EPS Actual0.620.620.640.640.370.370.230.23-0.75-0.750.610.610.480.480.280.280.000.000.350.350.360.36-0.33-0.330.300.30-0.08-0.08-0.170.100.200.070.150.470.940.250.51-0.12-0.240.190.380.280.56-0.61-1.29-0.150.240.08-0.60
Surprise-------------------------------------------------
Timing-------------------------------------------------

Key Statistics & Ratios

Market Cap353.72M
Enterprise Value584.24M
Trailing P/E31.84
Forward P/E0.00
PEG Ratio0.00
Price / Sales11.15
Price / Book0.89
EPS0.25
Book Value9.16
Revenue (TTM)31.73M
Gross Profit (TTM)31.73M
Profit Margin34.84%
Operating Margin87.79%
Return on Equity2.66%
Return on Assets2.68%
Shares Outstanding44.44M
Shares Float0
Beta0.66
Dividend Yield8.43%
Dividend Rate0.67
Payout Ratio268.32%

Analyst Ratings

Strong Buy
Based on 2 analysts
  • Strong Buy
    2

Dividends

202610×
0.06Oct 14, 20260.06Sep 14, 20260.06Aug 17, 20260.06Jul 14, 20260.06Jun 15, 20260.06May 14, 20260.06Apr 14, 20260.06Mar 16, 20260.06Feb 17, 20260.06Jan 15, 2026
202512×
0.06Dec 16, 20250.06Nov 17, 20250.06Oct 16, 20250.06Sep 16, 20250.06Aug 18, 20250.06Jul 16, 20250.06Jun 17, 20250.06May 16, 20250.06Apr 16, 20250.06Mar 17, 20250.06Feb 18, 20250.06Jan 17, 2025
20242×
0.06Dec 17, 20240.06Nov 15, 2024