Invesco Municipal Opportunity Trust invests in municipal bonds to pursue income generally exempt from federal income tax. Its investment-grade purchase policy does not eliminate later downgrades, so the quality of the bonds still deserves attention.
Business
Municipal income funds
Listing
VMO · XNYS
Reporting period
2026-02-28
Dividend schedule
Monthly
How the business works
Interest from municipal borrowers is VMO's recurring income. Financing and operating costs reduce what is left for common shareholders. Portfolio credit and interest-rate changes also move NAV, even when the monthly distribution stays level.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.47
Mar 1, 2025 to Feb 28, 2026
$0.00$0.47
Distribution yield8.00%Sourced distributions divided by dated market priceTrailing 12-month income yield5.64%Net investment income for Mar 1, 2025 to Feb 28, 2026, divided by market price $8.3400 on Sep 29, 2026. Historical income; not a forecast.Annual dividend$0.75Current regular payment annualized per shareDistribution supportSee period evidenceCash distributions, NAV and reported returns are shown separately; no earnings-coverage ratio is assigned.
Verified dividend dates and payment components
Issuer announcements supplement the recorded totals above. Each declared payment is shown separately. Additional payments are not assumed to repeat.
The latest four recorded reporting periods. Each issuer measure keeps its own name and dates. These source records supplement the Fly High figures above; different measures are not added together or assumed comparable.
Reviewed USD market closes or SEC-reported prices matched to NAV dates. A different price date or split adjustment is shown in the label.
Cash distributions and reported returns
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.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Losses or weaker cash generation in municipal credit can reduce the resources available for future distributions.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Leverage and financing
The current data service reports effective leverage of 37.93%. Financing magnifies gains and losses, and borrowing costs reduce income available to common shareholders.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
Municipal credit and tax treatment
Municipal issuers can face revenue pressure or defaults. Tax-exempt objectives do not guarantee every distribution has the same tax treatment.
Monitor
A change can affect future shareholder cash payments or the capital supporting them.
The assets behind the earnings
How VMO makes money
Financial snapshot: 2026-02-28. Research reviewed 2026-09-18. Source dates are retained with each measure; historical results are not a forecast.
The assets it owns
$627.873 million net assets550 holdings · As of 7/31/2026
Net assets checked 2026-09-11. Borrowings and preferred financing are excluded from this net-assets figure.
Municipal97.94%
Cash Equivalents2.06%
Reported broad sector weights from the dated portfolio information checked September 11, 2026. Weights may differ from subsequent holdings.
Fund net investment income per common share; actual reporting period, not annualized$0.4700
$0.00$0.50
For the year ended February 28, 2026, VMO reported $0.47 of net investment income per share and $0.75 of total distributions. Recurring income provided part of the cash paid. The filing's source-of-distribution and NAV figures supply further context.
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 37.93%.
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 Municipal Opportunity Trust reported $0.4700 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 municipal credit 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.
Follow the next net investment income and total cash distributions. Then look at financing costs, credit changes after purchase and NAV to judge the direction of support.
Net asset value (NAV)
NAV per share$8.7200Sep 29, 2026Market price$8.3400Sep 29, 2026PREMIUM / DISCOUNT TO NAV4.36% 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.
Reported net investment income per common share: $0.47 for 2025-03-01 through 2026-02-28; not annualized.
What to watch next
Follow the next net investment income and total cash distributions. Then look at financing costs, credit changes after purchase and NAV to judge the direction of support.
Fly High context
Follow the next net investment income and total cash distributions. Then look at financing costs, credit changes after purchase and NAV to judge the direction of support.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's published 2025 breakdown shows mainly federal tax-exempt interest and return of capital. The mix can change from year to year.
This issuer information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
0.57%
Qualified dividends
0%
Capital-gain distributions
0%
Return of capital
38.49%
Federal tax-exempt interest
60.94%
Tax year: 2025. Total distributions: $0.75 per share.
Tax details and source
Total ordinary dividends (includes qualified)
0.57%
Section 199A portion (within ordinary dividends)
0%
Exempt-interest distributions
60.94%
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.
