Invesco High Income Trust II owns a mix of higher-income debt. Borrower interest provides cash, while credit losses, refinancing and financing costs affect how much value remains for shareholders.
Business
High-yield bond CEF
Listing
VLT · New York Stock Exchange
Reporting period
2026-02-28
Dividend schedule
Monthly
How the business works
Bond interest becomes net investment income after fund and financing costs. Defaults, recoveries and bond-price changes affect net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.74
Mar 1, 2025 to Feb 28, 2026
$0.00$0.74
Distribution yield11.08%Sourced distributions divided by dated market priceTrailing 12-month income yield8.15%Net investment income for Mar 1, 2025 to Feb 28, 2026, divided by market price $9.0800 on Sep 29, 2026. Historical income; not a forecast.Reported annual investment income$0.74Per share for 2026 FY. Excludes investment gains.Annual dividend$1.07Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.0895
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read VLT income
Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Watch defaults, interest-rate changes and expenses. Income can hold up while falling bond or loan values reduce NAV.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest after fund expenses is the main recurring income measure. Compare it with distributions for the same full reporting period.
Fund net investment income per common share; actual reporting period, not annualized$0.7400
$0.00$0.80
For the year ended February 28, 2026, VLT reported $0.74 of net investment income and $1.14 of distributions per share. Net asset value fell from $11.46 to $11.03. Income funded part of the cash, while the lower ending value makes credit results and payment sources important to the full assessment.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 30.70%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Invesco High Income Trust II reported $0.7400 per share for 2025-03-01 through 2026-02-28, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in high-income fixed-income securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next full-year income and cash paid with borrower credit, refinancing, financing costs and net asset value.
Net asset value (NAV)
NAV per share$10.19Sep 29, 2026Market price$9.08Sep 29, 2026PREMIUM / DISCOUNT TO NAV10.89% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next full-year income and cash paid with borrower credit, refinancing, financing costs and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's published 2025 breakdown shows mainly ordinary dividends and return of capital. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
67.23%
Qualified dividends
0.74%
Capital-gain distributions
0%
Return of capital
32.03%
Tax year: 2025. Total distributions: $1.15 per share.
Tax details and source
Total ordinary dividends (includes qualified)
67.97%
Section 199A portion (within ordinary dividends)
0%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
