AICA Event
CEF Advisors AICA Event NAVigator Podcast

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   ♦

Go to AICA CEF/BDC Screener Learn More @

Invesco Pennsylvania Value Municipal Income Trust (VPV)

Single State Muni Bond Funds - Pennsylvania (PA)

Data as of Sept. 20, 2023
Market Price $9.37 (+ $0.04)
NAV (Sept. 20, 2023) $11.13 ( $0.00)
Fund Listed NYSE
Premium / Discount -15.81% (+0.36%)
Fund Info
Inception April 30, 1993
Sponsor Invesco Advisers
Phone (800) 959-4246
Location Georgia
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: High current income exempt from federal and Pennsylvania income tax; investment grade Pennsylvania municipal securities
Related Indexes
State Municipal Index (Non NY/CA)
Discount CEF/BDC Index
Capital & Leverage
Outstanding Shares 23,829,544
Total Assets (Reported: Feb. 28, 2023) $450M
Estimated Total Assets $435M
Net Assets $265M
Market Cap $223M
Portfolio Turnover 24.00%
Total Leverage 39.00%
Structural Leverage (out of total) 80.64%
Portfolio Leverage (out of total) 19.36%
Expense Ratio 2.61%
Non Lev Exp Ratio 0.99%
Rel Lev Cost 2.52%
Discount Data
Average Discount (3 Yr) -11.26%
Discount Low(3 Yr) -16.65%
Discount High(3 Yr) -2.17%
Discount Rel Range (3 Yr) 5.79%
Comp Discount -0.84
Discount St Dev (1Yr) 1.00
Z-Stat (6mo) -1.00
Z-Stat (1Yr) -1.17
Z-Stat (3Yr) -1.39
Comp Z-Stat (6mo) 0.00
Comp Z-Stat (3Yr) -0.10
Distribution Data
Market Yield 3.91%
Income Yield 3.91%
Lev Adj NAV Yield 2.37%
Distribution Frequency M
Current Distribution $0.031
Current Income $0.031
Ex-Date 9/14/23
Payable Date 9/29/23
Div Growth (3yr) -39.00%
Dividend Change -11.6% on 6/1/23
Expected Div 10/2/23
RoC (1yr) 9.72%
RoC (3yr) 4.91%
Tax Dividend Data 2019 2017 - 2019
Income 0% 0%
ST Gains 0% 0%
QDI 0% 0%
LT Gains 0% 0%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $389
Avg Volume 30 day 53,067
Avg Volume 90 day 41,520
Volume Trend 27.81%
Comp Volume Trend 10.56%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's State Municipal Index (Non NY/CA)
Most Correlated Peer (Mk Pr): NQP 91.0%
NAV - Price Correlation (30 d) 75.6%
NAV - Price Correlation (90 d) 95.0%
NAV - Price Correlation (1 Yr) 91.7%
Price St Dev (1Yr) 9.6%
NAV St Dev (1Yr) 6.6%
Earnings / Share (7/31/23) $0.029
Earn Coverage 95.41%
Earnings Trend Up
UNII / Share (7/31/23) $0.007
Rel UNII 1.83
UNII Trend Down
Bond Specific Data
Maturity 19.28
Duration 12.76
Credit Rating (rbo) A
Investment Grade 82.80%
Non Investment Grade 8.35%
Unrated Bonds 8.86%
Average Bond Price 98.61
Discount vs Price -17.20
Coupon 4.47%
Zero Coupon 3.83%
AMT 8.39%
AMT Yield 3.81%
Bond Calls Risk 5.60%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's State Municipal Index (Non NY/CA)

DISCLOSURES: makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

© Closed-End Fund Advisors Inc.(CEFadvisors) and 2019. All rights reserved. Any copying, republication or redistribution of CEFadvisors,, content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of CEFAdvisors. CEFAdvisors shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.