other_material
confidence high
sentiment neutral
materiality 0.60
Invesco REIT creates Class S-PR & K-PR shares, increases authorized shares to 4.8M
Invesco Real Estate Income Trust Inc.
- Board approved two new common stock classes: Class S-PR and Class K-PR with rights similar to existing classes.
- Advisory fee for new classes set at 1.0% per annum of NAV per amended advisory agreement.
- Authorized common stock increased from 3.6M to 4.8M shares; 600M shares each for Class S-PR and K-PR.
- On June 30, 2025, issued 878,895 Class S-PR and 439,447 Class K-PR shares to Invesco Realty Inc. in private exchange.
- Limited partnership agreement amended to create new LP units and modify performance participation interest.
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