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Forimmediaterelease Invesco ___________________ InvescoCanadaannounces reducedmanagementandadvisoryfeesand changestocertainmutualfunds Contact:NatalieMann,lnvescoMediaRelations212.323.4352 TORONTO,January24,2020—InvescoCanadaLtd.(Invesco”)announcedtodayitismakingchanges

Corporate Updates

4

PressRelease

Forimmediaterelease

Invesco

___________________

InvescoCanadaannounces

reducedmanagementandadvisoryfeesand

changestocertainmutualfunds

Contact:NatalieMann,lnvescoMediaRelations212.323.4352

TORONTO,January24,2020—InvescoCanadaLtd.(Invesco”)announcedtodayitismakingchanges

tocertainInvescoCanadamutualfundsinordertosimplifyandstreamlineitsfee-basedproductoffering

forinvestorsandadvisors,andreducingmanagementandadvisoryfeesoncertainfee-basedseriesfor

investors.

FeeReductions

Invescoisreducingmanagementandadvisoryfees(MAF5)onselectfee-basedserieseffectiveonMarch27,

2020aslistedinthetablebelow.

FundnameSeriesCurrentMAF MAFNew

lnvescoActiveMulti-SectorCreditFundF0.75%0.65%

InvescoBalancedPortfolioF0.69%0.59%

lnvescoCanadianClassF1.00%0.85%

InvescoCanadianCorePlusBondFundF0.50%0.45%

InvescoCanadianEndeavourFundF1.00%0.85%

InvescoCanadianFundF1.00°k0.85%

InvescoCanadianOpportunityClassFJ0%0.85%

InvescoCanadianOpportunityFundF1.00%0.85%

InvescoCanadianPlusDividendClassF0.85%0.70%

InvescoCanadianPremierBalancedFundF0.85%0.70%

InvescoCanadianPremierGrowthClassF1.00%0.85%

InvescoCanadianPremierGrowthFundF1.00%0.85%

InvescoCanadianSmallCompaniesFundF1.00%0.85%

InvescoConservativePortfolioF0.62%0.52%

InvescoCoreCanadianBalancedClassF0.85%0.70%

InvescoDiversifiedYieldClassF,F6,F80.85%0.70%

InvescoEmergingMarketsClassF1.00%0.85%

lnvescoEnergyClassF1.00%0.85%

InvescoEuropeanGrowthClassF,F61.00%0.85%

lnvescoEuroplusFundF1.00%0.85%

lnvescoFloatingRateIncomeFundF0.75%0.65%

InvescoGlobalBalancedClassF,FH,F4,F60.85%0.70%

InvescoGlobalBalancedFundF0.85%0.70%

lnvescoGlobalBondFundF0.65%0.55%

lnvescoGlobalCompaniesFundF1.00%0.85%

InvescoGlobalDiversifiedCompaniesClassF,FH1.00%0.85%

InvescoGlobalDiversifiedCompaniesFundF1.00%0.85%

InvescoGlobalDiversifiedIncomeFundF0.80%0.65%

lnvescoGlobalDividendClassF,FH,F4,F60.85%0.70%

lnvescoGlobalDividendIncomeFundF0.85%0.70%

InvescoGlobalEndeavourClassF,FH1.00%0.85%

InvescoGlobalEndeavourFundF1.00%0.85%

InvescoGlobalGrowthClassF1.00%0.85%

InvescoGlobalHighYieldBondFundF0.75%0.65%

lnvescoGlobalMonthlyIncomeFundF0.80%0.65%

InvescoGlobalRealEstateFundF1.00%0.85%

InvescoGlobalSmallCompaniesClassF1.00%0.85%

FundnameSeriesCurrent

_________

MAFNewMAF

InvescoGrowthPortfolioF0.71%0.61%

InvescoHighGrowthPortfolioF0.73%0.63%

InvescoIncomeGrowthFundF0.85%0.70%

InvescoIndo-PacificFundF1.00%0.85%

InvescoIntactiveBalancedGrowthPortfolioF0.75%0.65%

InvescoIntactiveBalancedGrowthPortfolioClassF0.75%0.65%

InvescoIntactiveBalancedIncomePortfolioF0.75%0.65%

InvescoIntactiveBalancedIncomePortfolioClassF,F4,F60.75%0.65%

InvescoIntactiveDiversifiedIncomePortfolioF0.75%0.65%

InvescoIntactiveDiversifiedIncomePortfolioClassF,F4,F60.75%0.65%

InvescoIntactiveGrowthPortfolioF0.75%0.65%

InvescoIntactiveGrowthPortfolioClassF0.75%0.65%

InvescoIntactiveMaximumGrowthPortfolioF0.75%0.65%

InvescoIntactiveMaximumGrowthPortfolioClassF0.75%0.65%

InvescoInternationalCompaniesClassF1.00%0.85%

InvescoInternationalCompaniesFundF1.00%0.85%

InvescoInternationalGrowthClassF,FH1.00%0.85%

InvescoInternationalGrowthFundF1.00%0.85%

InvescoModeratePortfolioF0.66%0.56%

InvescoResourcesFundF1.00%0.85%

InvescoSelectBalancedFundF0.85%0.70%

InvescoSelectCanadianEquityFundF1.00%0.85%

InvescoStrategicYieldFundF,F4,F60.75%0.65%

InvescoU.S.CompaniesClassF,FH1.00%0.85%

InvescoU.S.CompaniesFundF1.00%0.85%

InvescoU.S.SmallCompaniesClassF1.00%0.85%

Managementexpenseratios(MERs)arecalculatedandpublishedtwiceayear.TheMERsarebasedon

thefeesappliedduringthepreviouscalculationperiod.TheofficiallypublishedMERswillfullyreflectthe

changestotheMAFsafteraminimumofonefullyearhaselapsedfollowingtheeffectivedate.

SeriesRe-designations

Thefollowingfee-basedseriesre-designationswilloccur,effectiveonoraboutMarch27,2020:

FormerfundseriesRe-designatedfundseries

SeriesPFSeriesF

SeriesPF4SeriesF4

SeriesPF6SeriesF6

SeriesPF8SeriesF8

SeriesPFHTermination

Finally,SeriesPFH(the‘TerminatingSeries”)willbeterminated,effectiveatthecloseofbusinessonorabout

March27,2020:

FundnameTerminatingSeries

InvescoGlobalBalancedClassSeriesPFH

InvescoGlobalDividendClassSeriesPFH

InvescoGlobalEndeavourClassSeriesPFH

lnvescoInternationalGrowthClassSeriesPFH

InvescoU.S.CompaniesClassSeriesPFH

EffectiveJanuary24,2020,theTerminatingSeriesareclosedtonewinvestors,Investorswhoholdsuch

securitiesmaycontinuetopurchasetheminanaccountthatalreadyholdssuchsecuritiesuntilMarch19,

2020.

Forfurtherdetailsonthesechanges,pleasecontactInvescoat1.800.874.6275.Orformoreinformation,

visitinvesco.ca.YoucanalsoconnectwithInvescoonTwitter(@lnvescoCanada),Linkedln,Facebook,or

throughtheInvescoCanadablog.

AboutInvescoLtd.

InvescoLtd.isaglobalindependentinvestmentmanagementfirmdedicatedtodeliveringaninvestment

experiencethathelpspeoplegetmoreoutoflife.Ourdistinctiveinvestmentteamsdelivera

comprehensiverangeofactive,passiveandalternativeinvestmentcapabilities.Withofficesin25

countries,Invescomanaged$1.2trillioninassetsonbehalfofclientsworldwideasofDecember31,

2019.Formoreinformation,visitinvesco.com.

Commissions,trailingcommissions,managementfeesandexpensesmayallbeassociatedwithmutual

fundinvestments.Mutualfundsarenotguaranteed,theirvalueschangefrequentlyandpastperformance

maynotberepeated.Pleasereadthesimplifiedprospectusbeforeinvesting.Copiesareavailablefrom

youradvisororfromInvescoCanadaLtd.

SeriesFisavailableonlytoeligibleinvestorswhohavefee-basedaccountswiththeirDealerandwhose

DealerhassignedanInvescoSeriesFDealeragreementwithInvescoCanada.Saleschargesand

trailingcommissionsarenotpayableforSeriesFunits/shares;howeverinvestorsmaypayotherfeesto

theirDealerforinvestmentadviceandotherservices.Otherseries’performance(andstarratings)will

differduetofeesandexpenses.

Invesco®andallassociatedtrademarksaretrademarksoflnvescoHoldingCompanyLimited,usedunder

licence.

©lnvescoCanadaLtd.,2020