Invesco repurchases $500M of preferred shares from MassMutual at 18% premium

Invesco Ltd.

Repurchase of 500,000 Series A Preferred Shares at $1,180/share (18% premium over $1,000 liquidation preference).
Total cash consideration of $590M; closing expected mid-December 2025.
MassMutual continues to hold $2.5B of Preferred Shares and ~18.3% of Invesco common shares.
Prorated Q4 2025 dividend on repurchased shares payable March 2, 2026.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Invesco Ltd. entered into Preferred Share Repurchase Agreement with Massachusetts Mutual Life Insurance Company valued at $500 million (effective 2025-12-08).

Action: entry
Agreement: equity purchase
Counterparty: Massachusetts Mutual Life Insurance Company
Value: $500 million
Effective: 2025-12-08

Exact text from the filing

On December 8, 2025, Invesco Ltd. (the “Company”) and Massachusetts Mutual Life Insurance Company (“MassMutual”) entered into a Preferred Share Repurchase Agreement for the repurchase of $500 million of the Company’s outstanding 5.9% Fixed Rate Non-Cumulative Perpetual Series A Preference Shares (the “Preferred Shares”) held by MassMutual at a 18% premium to their liquidation preference per share.

View on SEC.gov

300 material agreements filed in the last 30 days. Browse all material agreements →

Invesco Ltd. filing history →

Source: SEC EDGAR

accession 0001628280-25-055946

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.