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"The Mysterious Case of The Short Who Stayed too Long"...???
so...I have an imagination...and thinking about "that position"...it hurts my brain imagining being part of 146,000,000 shares short...and the next Earnings report is about 7 weeks away...I suppose it would be nice, for them, if they could cover shares before then..but...not so easily done...especially since they are "keeping up the strategy" of shorting on a daily basis...
wow!
1st Quarter Earnings Announcement Expected: Earnings will tentatively be announced 04/30/2024 after market close. With 5 analysts covering LUMN, the consensus EPS estimate is $0.01, and the high and low estimates are $0.05 and -$0.05, respectively.
Stay tuned, sports fans...
It Feels Like...yes it Feels like...
a Brand New day...brand new day...brand new day...
(Van Morrison)
Get ready for march...to come in like a Lion...???
or maybe just a slow, steady and protracted squeeze...???
I'm good with that...
JMO
I hope so Jeff!
"The Biggest Lumen"
is shaping up and showing some healthy movement...???
Only the beginning........
hmmmmm...The short interest used to have complete control over Shareprice...
Something seems different...now...slow squeeze happening...???
jmo
FNRA gives a Daily Report on traded stocks...
which shows the short sales for each day...
Comes out a couple hours after close of trading...
It gives some view of the % of sells that are short sells...
(the past 2 days about 75% of trading volume)
Every bit of info helps...right?
https://cdn.finra.org/equity/regsho/daily/CNMSshvol20240126.txt
IF positives come out on Earnings day Feb 6....well...
the Short positions could possibly get "game-stopped"...
(squeezed bigly)
jmo
Shortsellers showing stubborn resolve...
Expect some LARGE SP movement(s)...
jmo
Lumen is first in the industry to achieve a Wi-Fi CERTIFIED 7™ device
Source: PR Newswire (US)
Custom-developed device provides Quantum Fiber customers with next-gen Wi-Fi® experience
DENVER, Jan. 8, 2024 /PRNewswire/ -- At the start of the Consumer Electronics Show (CES) 2024, the Wi-Fi Alliance® announced Lumen Technologies (NYSE: LUMN) has received Wi-Fi 7 certifications for two wireless devices. Lumen is the first company in the industry to achieve a Wi-Fi CERTIFIED 7™ device with its custom-developed solution. Lumen designed its devices for its Quantum Fiber residential and small business customers to deliver faster speeds and better coverage than Wi-Fi 6/6E.
Lumen is the first company in the industry to achieve a Wi-Fi CERTIFIED 7™ device
"We are proud that our Wi-Fi 7 devices are the first certified by Wi-Fi Alliance," said Maxine Moreau, Lumen president of Mass Markets. "This demonstrates our commitment to deliver the best Wi-Fi solutions to our customers as we continue to innovate for growth. Our Wi-Fi 7 devices offer faster speeds than Wi-Fi 6/6E, low latency, and amazing coverage allowing users to enjoy the next generation of Wi-Fi applications and services."
Wi-Fi Alliance certified two Lumen Wi-Fi 7 devices:
The W1700K is a desk or wall mount device that covers 90% of homes with higher data capacity than Wi-Fi 6/6E. It provides reliable and secure Wi-Fi 7 connectivity throughout the home or office.
The W1701K is a fully compliant wall plug-in device that extends the Wi-Fi 7 coverage throughout larger areas of the home or business to reduce dead zones.
Lumen's solution includes MediaTek's Smart Link-Dispatch technology, an advanced QOS/QOE feature built into the Wi-Fi radio, enhancing application performance with high-bandwidth and low-latency traffic in real-world settings.
Lumen's Quantum Fiber Wi-Fi 7 solution is an FCC 6GHz Standard Power (6SD) class device. The 6SD equipment class enables higher transmit power for increased data throughput or twice the range as compared to the theoretical indoor standard (6ID). With the 6GHz channel and the higher power setting, these devices wirelessly unlock the full power of the Quantum Fiber high speed product up to 8 gigabits per second, helping to enable higher data rates throughout a home or business.
Both devices also support cloud-based Digital Twin technology and use the carrier grade OpenWRT standard with Wi-Fi EasyMesh™ and prplMesh enabling real time orchestration and advanced device management capabilities.
Quantum Fiber installed its first customer Wi-Fi 7 device in December. Wi-Fi 7 will be available to new Quantum Fiber customers later this month. Quantum Fiber is available to homes and small businesses in parts of 16 states.
Lumen will showcase its new wireless technology at CES in the Smart Home section #35-209.
For more information about Quantum Fiber and Wi-Fi 7 go to www.quantumfiber.com/wifi7.
Wi-Fi CERTIFIED 7TM is a trademark of Wi-Fi Alliance®. Wi-Fi® is a registered trademark of Wi-Fi Alliance®.
Additional Information:
The benefits of Quantum Fiber's unique Wi-Fi 7 capable devices:
Superior Coverage: One device covers up to 90% of a home based on square footprint, significantly reducing the need for additional nodes.
Multi-User Capability: Supports multiple users and gigabit bandwidth demands with 2.4GHz, 5GHz, and 6GHz radios working together for high-speed data transmission, minimizing the need to run ethernet cable throughout home.
Latency and Speed: A significant improvement from Wi-Fi 6/6E technology, offering less than 3 milliseconds of latency and seamless integration with Quantum Fiber's multi-gig network with symmetrical speeds up to 8 Gbps.
Customer Experience: This Wi-Fi 7 device is part of Quantum Fiber's 360 Wi-Fi capabilities and is fully integrated and controlled through the Quantum Fiber app. The app will unlock advanced parental controls, Wi-Fi performance diagnostics, and includes a first-rate security suite.
High-Performance Applications: Ideal for bandwidth-intensive applications like 8K video streaming, cloud gaming, virtual reality, and large multimedia file transfers.
Advanced Technology: Contains a built-in GPS chip, enhancing 6GHz range performance in line with upcoming FCC specifications.
Cloud Based Digital Twin enabled: Built on carrier grade Open WRT standard with EasyMesh & prplMesh with real time orchestration and advanced level of device management.
Previous Announcements:
Lumen introduces a custom-built Wi-Fi 7 capable device for Quantum Fiber customers - Dec 29, 2023
Lumen Technologies' Quantum Fiber brand to deliver a disruptive and groundbreaking Wi-Fi 7 device - Oct 17, 2023
About Lumen Technologies:
Lumen connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
Lumen Logo (PRNewsfoto/Lumen Technologies)
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-is-first-in-the-industry-to-achieve-a-wi-fi-certified-7-device-302028268.html
SOURCE Lumen Technologies
Copyright 2024 PR Newswire
Lumen wins $110 million contract from Defense Information Systems Agency
Source: PR Newswire (US)
Company will provide mission-critical fiber and network services
WASHINGTON, Nov. 7, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) recently won an approximately $110 million contract from the U.S. Defense Information Systems Agency (DISA) to provide secure, mission-critical network services to the U.S. Department of Defense.
Lumen wins $110 million contract from DISA. Under this new contract, Lumen will operate and maintain the Defense Information Systems Agency's fiber backbone.
"Lumen's robust fiber network delivers always-on, 24/7 services that power the U.S. Department of Defense."
"Lumen's robust fiber network delivers always-on, 24/7 services that power the U.S. Department of Defense," said Jason Schulman, Lumen national vice president, federal sales. "DISA leverages the Lumen network's strength, diversity and resiliency to achieve its mission of connecting and protecting America's service men and women who help defend our nation."
Under this new contract, Lumen will operate and maintain DISA's fiber backbone, which includes colocation facilities, dark fiber, diverse end-to-end network infrastructure, new fiber builds, and system updates that use new technologies to improve network resilience, decrease latency and increase availability. This award is an extension of an existing network services contract DISA previously awarded to Lumen.
Tech Talk:
The contract has a ceiling of approximately $110 million over a five-year period of performance from November 30, 2023, through September 30, 2028.
Lumen provides more than 11,000 fiber miles in support of the U.S. Department of Defense Information Network.
Lumen proudly supports military and civilian agencies' IT modernization efforts with the security and reliability government agencies need to carry out their important missions.
Additional Resources:
Learn more about our $223 million contract from the U.S. Defense Information Systems Agency to provide secure, mission-critical communications services: https://news.lumen.com/2023-02-02-Lumen-wins-223-million-Defense-Information-Systems-Agency-contract
Learn more about our Defense Information Systems Agency $1.5 billion award to provide network transport to the U.S. Indo-Pacific Command Area of Responsibility: http://news.lumen.com/2022-11-01-Lumen-wins-1-5-billion-Defense-Information-Systems-Network-contract
Learn more about our U.S. Department of Agriculture $1.2 billion network services award: https://news.lumen.com/2022-01-20-U-S-Department-of-Agriculture-awards-Lumen-1-2-billion-network-services-contract
Learn more about our U.S. Department of the Interior $1.6 billion network services award: https://news.lumen.com/2020-01-16-U-S-Dept-of-the-Interior-Awards-CenturyLink-1-6-Billion-EIS-Network-Services-Win
Learn more about how Lumen is supporting the public sector here:
https://www.lumen.com/public-sector.html
About Lumen Technologies:
Lumen connects the world. We are igniting business growth by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies and YouTube: /lumentechnologies. Learn more about Lumen's public policy positions and public sector capabilities on Twitter at @lumengov and on LinkedIn at @lumenpublicsector.
Lumen Logo (PRNewsfoto/Lumen)
Own some @ 1.30
OK...I am ready for that "spark"...
Today was a Shorting Day...looks like...
On the daily FNRA short report...about 80% of all sells...
were Short sells...wow
20231003|LUMN| 8019358 Shrs shorted...Vol 10254736
VVR followup...(my "savings account" stock)
Annual Dividend/Yield$0.5639/14.35% (raised payout recently)
and...the Divvies are paid Monthly, which effectively Increases the yield %
NAV $4.11
Still trading under $4
Now as to The biggest Lumen...
With 151,000,000 shares Still short...(and pretty much Un hedged)...a spark to incentivize some big buying...and well, maybe a squeezeroo...???!
Watch the volume...
and good luck
JMO
Have some @ 1.33.....
maybe a WoW...??? if a restructuring of debt comes out of this...???..."leveraged financing".....I am curious...
Lumen Technologies to Present at the Deutsche Bank 31st Annual Leveraged Finance Conference
September 26 2023 - 09:00AM
PR Newswire (US)
Alert
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DENVER, Sept. 26, 2023 /PRNewswire/ -- Chris Stansbury, executive vice president and chief financial officer at Lumen Technologies (NYSE: LUMN), will present at the Deutsche Bank 31st Annual Leveraged Finance Conference on October 3. The presentation is scheduled to begin at 4:35 p.m. ET.
Looks like the selling stopped finally late in the day, hope that lasts.
Quite a drop in the last few days. I'd like to think that with all those institutional investors they'd rather not reverse split at the moment, however maybe there's a rumor of just that going around.
hmmm...Looks like the shorts have been really Pushing Hard...
Today about 70% of all sells were short sales...(from FNRA Daily Short report)...
One of these days, Alice...
Maybe tomorrow...???
70% Institutional ownership
Over 14% Short interest
so now what % is owned by "others"...???
IF/When this becomes naked shorted...and the Meme boys catch on...look out...
I am ready for some volatility..
jmo
More & more people are joining the LAWSUIT,$1.00 should be here in no time !!!!!
Shorts are usually the ones that make money !!!!
Watching the Volume...on "The Biggest Lumen"...(nickname)
a Heavily shorted stock like this...supplies the opportunity for big moves...
Could become a favorite for traders...
and iF the Wallstreet bets kids get ahold of this one.........hmmm
be ready...
Lumen shakes up telecom industry with Network-as-a-Service offering
Source: PR Newswire (US)
Customers dream of fast, flexible networking; Lumen now delivers in minutes
DENVER, July 31, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) launched its flagship capability on its Network-as-a-Service (NaaS) platform today. It's the first important step toward the company's bold vision to disrupt the telecom industry. By offering customers radical flexibility in how they buy, use, and manage networking services, Lumen is cloudifying traditional telecom.
"We have been preparing for this moment for a long time, building a world-class telecom network with state-of-the-art fiber, broad coverage and unsurpassed route diversity and scalability," said Kate Johnson, Lumen CEO. "Lumen's Network-as-a-Service offering takes the next step to deliver on our customers' networking dreams: the ability to fire up any port, with any service, at any time. It's your network, your way."
The Lumen NaaS Vision
Lumen® Internet On-Demand is the first and flagship service added to the Lumen NaaS platform, starting with limited availability. Over time, Lumen NaaS will expand to include security services, such as DDoS (Distributed Denial of Service), SASE (Secure Access Service Edge), and Edge services. The platform's fully digital, consumption-based model will set a new standard for customer experience and expectations.
"Lumen is putting the customer at the center of our Network-as-a-Service platform, creating a cloud-like experience for buying, consuming, and managing our network services," said Andrew Dugan, Lumen CTO. "Businesses are looking for a dynamic, dedicated internet connection, but they want it from a reliable and flexible network. Unlike some Network-as-a-Service players, Lumen can deliver on this promise because we own and manage our network."
Delivering on the Customer Dream
"Lumen plays an important role in helping content providers move video content to AWS," said Evan Statton, Sr. Principal Architect in M&E at AWS. For example, Fox Sports was able to bring its live sports content to AWS by using an on-demand connection aligned with Lumen's Network-as-a-Service platform. We look forward to continued work with Lumen to help AWS customers achieve their live cloud production goals."
Customers win big with Lumen's NaaS experience. They will use a digital portal or APIs (Application Program Interface) to order Lumen Internet On-Demand and future services for instant internet connections to public data centers and port-enabled business locations. They can quickly assign an existing port at a new enterprise building, connecting them to Lumen's network. Once established, the digital experience begins, including:
A dedicated connection to one of the largest, most connected and secure networks in the world
Ability to scale capacity in minutes
Internet speeds from 100 Mbps to 10 Gbps
A consumption-based billing model; pay only for the time services are active, starting at hourly rates
Real-time visibility into service performance and network usage
Quick enablement of new capabilities
"Lumen has taken a pragmatic approach when it comes to understanding the evolving needs of the Network-as-a-Service market, in terms of matching user experience with capabilities offered," said Rohit Mehra, group vice president, Network and Telecommunications, IDC. "Using its high-capacity, global backbone network, Lumen Internet On-Demand delivers flexible network services for a customer-first approach. Lumen's commitment to providing an effortless operational experience holds promise for enterprises in terms of consuming, managing and upgrading their networks.
Aligning with Key Partners
Lumen NaaS will leverage a broad digital ecosystem of partners – including data center, cloud, technology, and managed service providers - to maximize impact and reach. Digital Realty is one of the first third-party data center providers to join the Lumen Network-as-a-Service Alliance Partner program. Joint customers can provision on-demand services using a digital portal or API in real-time and increase or decrease bandwidth as needed.
"We're delighted to be partnering with Lumen to redefine the enterprise digital transformation landscape," said Chris Sharp, CTO, Digital Realty. "Lumen's cutting-edge Network-as-a-Service solution combined with our global network of highly connected facilities and orchestration platform ServiceFabric™, empowers enterprises with on-demand, personalized experiences, revolutionizing the way networks are consumed and managed. This highlights our shared vision, as we unite to meet the evolving needs of our customers."
Lumen's new on-demand services will be updated and shared throughout the year. More information on Lumen Internet On-Demand can be found at https://www.lumen.com/en-us/networking/internet-on-demand.html.
About Lumen Technologies:
Lumen connects the world. We are dedicated to furthering human progress through technology by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
This release may include forward-looking statements (as defined by the federal securities laws), which are subject to the "safe harbor" protections thereunder. These forward-looking statements are not guarantees of future results and are based on current expectations only, are inherently speculative, and are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control. Actual events and results may differ materially from those anticipated, estimated, projected or implied by us in those statements. Factors that could affect actual results include, but are not limited to, each of the matters and risks referenced from time to time in our filings with the U.S. Securities and Exchange Commission. We undertake no obligation to publicly update or revise any forward-looking statements for any reason, which speak only as of the date made.
Lumen is creating a cloud-like experience for buying, consuming, and managing network services
Lumen Logo (PRNewsfoto/Lumen Technologies)
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-shakes-up-telecom-industry-with-network-as-a-service-offering-301888910.html
SOURCE Lumen Technologies
Copyright 2023 PR Newswire
You can have my shares at $4!
Make it "interesting"...???
2.0 Call 0.15 0.20 0.15 -0.01 0 16,782 Open interest (this week so far)
My time line; 4 in short order, 6-8 by years end and 12-14 in the calendar year.
And take a look at the shares acquired by insiders, especially the CEO
I’m looking for $4 in relatively short order! Will I sell at $4, no. I believe this has way more in the tank for that. And we need to find out a little bit more about this recent news and what type of revenue it will bring in , But anything in collaboration with Microsoft and Google, ain’t chump news.
No it’s not! And those shorts are going to help propel us higher
WoW...!!!...Looking at the Options...
What WAS...has Reversed to What Shall Be...???
A lot of PUT options recently exercised over the past expiries...particularly at the $2 strike...
That results in an Increase in short positions...
and now...
A LOT of Open Interest in the $2 calls...are In The Money...suddenly...
Not a good time to be SHORT..IMO
watching closely
Well...maybe let's give it some time...
and see where the price is in about 18 months...???
Buy cheap enuf...and have patience...???
ok
And up we go!!!!
Got nowhere to go from here but up!
Anything Microsoft related, I am in. If Microsoft sees value to collaborate with, then there has definitely got to be value. Especially at this price! And not only Microsoft, but Google also.
% Held by Institutions72.49
Short Interest (% of float 05/31/23) 52.16
(from TD Ameritrade...may need validation)
Will the WallstreetBets crowd even Notice...???
Recent data shows Short Interest of 52.16% of float...while Institutional ownership is 72.49% of float...
Ya think there may just be an Overshorted situation here...???
I have a small position...just recently bought shares at $1.81
Iam Not a Wallstreet Bets member...but I think they Might be interested...
haha
JMO
Service providers, content providers and enterprises can now quickly and dynamically route network traffic between data centers
DENVER, June 12, 2023 /PRNewswire/ -- Lumen Technologies (NYSE: LUMN) today announced a new network interconnection ecosystem called ExaSwitch™, created in collaboration with Google and Microsoft. This platform empowers organizations with high bandwidth needs to route their traffic dynamically and quickly between networks, and without third-party intervention.
"The days of slow, legacy cross connects are over; ExaSwitch is the future of network interconnections."
"The days of slow, legacy cross connects are over; ExaSwitch is the future of network interconnections," said Andrew Dugan, Chief Technology Officer, Lumen. "Large network backbones no longer need a physical location to connect. Instead, optical switching will be used to establish high-capacity optical links between metro sites. And it's so much more than just internet peering; it's an on-demand network connection for quickly deploying needed capacity across all types of data traffic exchanges."
Current participants
This ExaSwitch project was created by the initial participants to route traffic between large internet and cloud networks. Early adopters include Lumen, Google Cloud, Microsoft Azure and an additional large cloud provider. The ExaSwitch ecosystem will continue to strengthen as additional participants join, making it easier to automate, scale and manage capacity between the members.
"We like the ease, speed and cost efficiency of performing interconnects to network partners directly from our main sites," said Steve Walter, Global VP of Network Operations, Google. "ExaSwitch provides an agile, on-demand platform using proven technology that achieves that."
"Creating a geographically distributed yet automated interconnection platform creates so many options to improve connectivity, resiliency, and speed to add capacity on to one's network," said Frank Rey, Partner, Azure Networking, Microsoft. "We are pleased at the opportunity ExaSwitch has to change the interconnection ecosystem."
How it works
The ExaSwitch administrator will install optical hardware at the preferred location for each participant, who will choose their own fiber source for connecting into ExaSwitch. When two participants agree to connect, they can join quickly through self-provisioning, or an API portal driven and managed by the administrator. The real-time capacity deployment allows them to easily order, modify and delete services as needed. Lumen is acting as the administrator for the initial deployments.
Key benefits
Participants use a self-service portal to configure and turn up connectivity with other participants much faster than they can now.
Connections are set up in 400G increments and can be consumed on demand in 100G increments, with each site capable of up to 25.6 Tbps of optical cross connects.
Participants will have the ability to connect their edge sites, data centers and central offices in major markets to gain diversity and save costs on cross connects.
"The ExaSwitch optical switching platform is an innovative on-demand ecosystem for automating, scaling and managing high-value interconnect services," said Courtney Monroe, VP of Telecommunications Research for IDC. "It is poised to disrupt legacy manual platforms, as well as the way enterprises, and the IT ecosystem interconnect, procure and manage interconnectivity."
Lumen is currently operating the ExaSwitch platform in three of the largest US interconnection hubs – Chicago, Dallas and Virginia – with plans to expand to all major markets in North America with large internet hubs. ISPs, cloud providers, large content providers and enterprises can go to http://exaswitch.net to learn more about ExaSwitch and how to join this growing ecosystem.
About Lumen Technologies:
Lumen connects the world. We are dedicated to furthering human progress through technology by connecting people, data, and applications – quickly, securely, and effortlessly. Everything we do at Lumen takes advantage of our network strength. From metro connectivity to long-haul data transport to our edge cloud, security, and managed service capabilities, we meet our customers' needs today and as they build for tomorrow. For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lumen-google-and-microsoft-create-new-on-demand-optical-interconnection-ecosystem-301847861.html
SOURCE Lumen Technologies
Ecomike announces investigations of ambulance chaser Dowe Cheatem Andhow Lawless firms backed by hedge fund shorts, panhandling for work, while shorting real businesses..
Go Lumen Tech, Go...
Kirby McInerney LLP Announces an Investigation of Shareholder Claims Against Lumen Technologies, Inc. (LUMN)
These things never help anyone except the law firms.
https://www.otcmarkets.com/stock/LUMN/news/story?e&id=2464496
Still has positive cash flow. Hopefully things turn around.
Another new low $3.38. Is Chapter 11 in the cards?
Carefully...buying some more VVR...as of "extra" dividend announced-
Read this...It May just be a return of capital...but...
the SP is still way below Net Asset Value (currently $4.22)
To me, its worth it...as once the Fed pauses...I expect SP to get closer to NAV..
Anyway, for minor risk, I like it better than any Bank Savings, CD, T-bond, or Money Market...as the dividends are Monthly, and the symbol can be sold/traded on any given market day...
12:15 pm ET December 5, 2022 (PR Newswire) Print
The Board of Trustees (the "Board") of Invesco
https://mma.prnewswire.com/media/1434026/Invesco_Logo.jpg
EX-DATE RECORD DATE REINVEST DATE PAYABLE DATE
12/16/22 12/19/22 12/30/22 12/30/22
Name of Closed-End Ticker Dividend Amount Per Share
Management Investment Company
Invesco Senior Income Trust VVR $0.12391
The Board of Trustees (the "Board") of Invesco Senior Income Trust (NYSE: VVR) (the "Fund") approved an increase in the monthly distribution amount payable to common shareholders pursuant to the Fund's Managed Distribution Plan (the "Plan"). Effective October 1, 2022, the Fund will pay its monthly dividend to common shareholders at a stated fixed monthly distribution amount of $0.032 per share.
The Plan is intended to provide shareholders with a consistent, but not guaranteed, periodic cash payment from the Fund, regardless of when or whether income is earned, or capital gains are realized. The Plan may have the effect of narrowing the discount between the Fund's market price and the net asset value ("NAV") of the Fund's common shares, but there is no assurance that the Plan will be effective in this regard.
If a Fund's investment income is not sufficient to cover the Fund's intended monthly distribution, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level under its Plan. A Fund may at times distribute more than its income and net realized gains; therefore, a portion of the distribution may result in a return of capital.
Will add more LUMN before end of 2022
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