VTN - Invesco Trust for Investment Grade New York Municipals

What this means for you

Bank of America Corp. has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

In the fund's last buy-back (results filed Dec 11, 2024), holders offered 35% of all shares and the fund bought about 71 of every 100 shares offered, so holders who took part got only part of what they offered. Results of the last buy-back →

1. Sept 1, 2026

   The fund said it may sell new shares.

   Original document →

2. Aug 25, 2026

   The fund said it may sell new shares.

   Original document →

3. June 15, 2026

   The fund said it may sell new shares.

   Original document →

4. Sept 9, 2025

   Bank of America Corp. filed an updated notice; it still owns 100%. It has said it may push for changes.

   Original document →

5. Dec 18, 2024

   Sit Investment sold down below 5% and stopped reporting.

   Original document →

About this fund

• Run by Invesco Advisers, Inc. As of Feb 28, 2026, from the fund's yearly report. Original document →
• Size: about $152 million of holdings, as of Aug 31, 2026. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 33% on top of its own money, as of Aug 31, 2026. Borrowed money makes gains and losses bigger. About 63% of that is money the fund has borrowed by selling preferred shares. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 2.6% a year in total, including interest on borrowed money. Fiscal year ended Feb 28, 2026. As of Feb 28, 2026, from the fund's yearly report. Original document →
  Among the 76 funds we follow that invest in tax-free municipal bonds, 49 charge a lower management fee and 25 charge less in total, at their last yearly reports. Both numbers are measured against the fund's own money, not the money it borrows on top, so a fund that borrows more shows higher costs on both counts.
• Payouts: last fiscal year (ended Feb 28, 2026) the fund paid $0.82 a share. $0.51 of that was income; $0.31 was your own money back, not income. Most funds announce their monthly or quarterly payout on their own website, not in a filing with the regulator, so a cut or a raise there does not show up here until the next yearly report. A few funds do file a notice about a fixed payout; those appear under What happened, and when. As of Feb 28, 2026, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Feb 28, 2026): $11.15. The shares traded at $11.58, about 3.9% above that. As of Feb 28, 2026, from the fund's yearly report. Original document →
• How the holdings did: down 2.9% over the last three months we have (June-Aug 2026), before the share price is taken into account. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 1994.

How this has changed

• Payouts per share: $0.82 in the fiscal year ended Feb 28, 2026; $0.73 in the year ended Feb 28, 2025; $0.40 in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Of that, your own money back rather than income: $0.31 in the year ended Feb 28, 2026; $0.32 in the year ended Feb 28, 2025; $0.02 in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Costs, including interest on borrowed money: 2.69% a year in the fiscal year ended Feb 28, 2026; 3.39% a year in the year ended Feb 28, 2025; 3.44% a year in the year ended Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
• Size of the holdings: about $163 million at Feb 28, 2026; $171 million at Feb 28, 2025; $236 million at Feb 29, 2024. From the fund's quarterly holdings reports. Original documents: Feb 28, 2026 →, Feb 28, 2025 →, Feb 29, 2024 →.
• Borrowing: about 32% on top of its own money at Feb 28, 2026; 34% at Feb 28, 2025; 36% at Feb 29, 2024. From the fund's quarterly holdings reports. Original documents: Feb 28, 2026 →, Feb 28, 2025 →, Feb 29, 2024 →.
• The fund had about 14.6 million shares at Feb 28, 2026, down 24.8% from Feb 29, 2024.As of Feb 28, 2026, from the fund's annual report. Original document →
  In between, the fund bought back shares. Original document →

What these lines mean: a payout that is your own money back, what a fund costs, borrowing.

What a holder made

• The year ended Feb 28, 2026: the shares returned +16.8%, counting payouts; the holdings +3.2%. The holdings figure is what the fund's investments earned, before the share price is taken into account. As of Feb 28, 2026, from the fund's annual report. Original document →
• The year ended Feb 28, 2025: the shares returned +8.7%, counting payouts; the holdings +3%. As of Feb 28, 2025, from the fund's annual report. Original document →
• The year ended Feb 29, 2024: the shares returned +8.6%, counting payouts; the holdings +8.1%. As of Feb 29, 2024, from the fund's annual report. Original document →
• The year ended Feb 28, 2023: the shares returned -13.4%, counting payouts; the holdings -10.7%. As of Feb 28, 2023, from the fund's annual report. Original document →
• The year ended Feb 28, 2022: the shares returned -2%, counting payouts; the holdings +0.3%. As of Feb 28, 2022, from the fund's annual report. Original document →
• Those five years together: the shares returned +16.9%. $10,000 of shares bought at the start (March 1, 2021) would have become about $11,700 by Feb 28, 2026, with every payout counted, before tax. As of Feb 28, 2026, from the fund's annual report. Original document →
• The holdings over the last twelve months we have, to Aug 31, 2026: +7.7%. The quarterly reports carry no share price, so this is the holdings alone. As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →
• Of the 65 funds that invest in tax-free municipal bonds with a fiscal year ending within six months of this one, 4 reported a higher share return for that year and 60 a lower one. As of Feb 28, 2026, from the fund's annual report. Original document →
• A past year says nothing about the next one. All figures are the fund's own, from its reports to the regulator.

Why the shares and the holdings can differ: the gap between price and value. Why payouts count: a payout that is your own money back.

What the fund holds

All tax-free municipal bonds (100%). All of it issued in the U.S.

1. Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) - 11.2%
2. New York Transportation Development Corp. (LaGuardia Airport Terminal B Redevelopment), Series 2016 A, RB - 7.5%
3. New York State Urban Development Corp. (Bidding Group 3), Series 2021, Ref. RB - 7.1%
4. New York & New Jersey (States of) Port Authority, Two Hundred Thirty-First Series 2022, Ref. RB - 5.5%
5. MTA Hudson Rail Yards Trust Obligations, Series 2016 A, RB - 4.9%
6. Rockland Tobacco Asset Securitization Corp., Series 2005 C, RB - 4.6%
7. New York (City of), NY Municipal Water Finance Authority - 4.6%
8. New York (State of) Dormitory Authority, Series 2022 A, Ref. RB - 3.8%
9. New York Counties Tobacco Trust V - 3.7%
10. New York (City of), NY, Subseries 2023 E-1, GO Bonds - 2.8%

As of Aug 31, 2026, from the fund's quarterly holdings report. Original document →