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Select Pool will make changes to certain operational practices. Finally, purchases and certain switches into the Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of each Invesco Canada fund will be closed effective on or about May 31,

Corporate Updates

TORONTO – July 29, 2021 – Invesco Canada Ltd. (“Invesco”) today announced changes to

its mutual fund product line. Two funds will change their names, two funds will change their

investment strategies and two funds will change their portfolio management team. In

addition, three fund’s investment risk rating will be revised, and Invesco Emerging Markets

Select Pool will make changes to certain operational practices. Finally, purchases and

certain switches into the Deferred Sales Charge option, the Low Load option and the Lower

Load 4 option of each Invesco Canada fund will be closed effective on or about May 31,

2022.

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Investment strategies, portfolio management team and fund name changes

Effective July 30, 2021, Invesco Canadian Endeavour Fund and Invesco Active Multi-Sector

Credit Fund will change their investment strategies.

The Invesco Canadian Endeavour Fund investment strategies enhancement will provide a

solution for investors looking for a pure asset allocation to Canadian equities within their

overall portfolio, as the fund will typically be 100% invested in Canadian equities but may

invest 10% of its non-cash assets in foreign equities. This change offers investors a high

conviction, low turnover portfolio that is diversified by business idea and industry, while being

committed to a stable and predictable geographic allocation.

The Invesco Active Multi-Sector Credit Fund investment strategies enhancement

implements a new “optimized yield approach” to the fund’s strategic asset allocation meant

to be more dynamic, forward looking and better optimize for yield per unit of risk. The fund

continues to be focused on nimble, tactical allocation across fixed-income assets, security

selection as a driver of alpha, and the identification and implementation of opportunistic

ideas within a highly risk-controlled investment process.

In addition, effective July 30, 2021, Invesco Canadian Endeavour Fund and Invesco

Canadian Opportunity Class will change their names to Invesco Pure Canadian Equity Fund

and Invesco Pure Canadian Equity Class, respectively, and change their portfolio

management team as follows:

Current portfolio management team Revised portfolio management team

Clayton Zacharias

Alan Mannik

Brian Tidd

David Pirie

Press Release

For immediate release

Invesco Canada announces product

enhancements

Contact: Matthew Chisum [email protected] 212.652.4368

Invesco regularly conducts an extensive review of its products to ensure they continue to

meet the evolving needs of advisors and investors; and is making these changes to offer an

enhanced lineup that better meets investor demand and expectations.

Risk Ratings Change

Invesco has also revised its investment risk ratings for the following funds:

Fund Previous investment

risk rating

New investment

risk rating

Invesco Canadian Preferred Share

Index ETF Class

Low to Medium Medium

Invesco FTSE RAFI Emerging Markets

ETF Class

High Medium to High

The risk rating changes were made in accordance with the risk classification methodology

set by the Canadian Securities Administrators to determine the investment risk level of

mutual funds, not a result of any changes to the investment objectives or strategies of the

fund.

Operational Practices of Invesco Emerging Markets Pool

Invesco Emerging Market Select Pool will make changes to some of its operational

practices in order to align those practices to that of other investment funds managed by

Invesco. These changes will be effected by amending the fund’s Amended and Restated

Declaration of Trust.

Restriction on Deferred Sales Charge

As a result of regulatory changes, effective on or about May 31, 2022 (i) purchases into the

Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of an

Invesco fund will no longer be permitted, and (ii) switches from the Sales Charge option into

the Deferred Sales Charge option, the Low Load option and the Lower Load 4 option of an

Invesco fund will no longer be permitted. Holders of units and/or shares purchased prior to

on or about May 31, 2022 under the Deferred Sales Charge option, the Low Load option

and the Lower Load 4 option will continue to hold those shares and/or units under the

relevant purchase option.

Please contact Invesco at 1.800.874.6275. You can also connect with Invesco on Twitter

(@InvescoCanada), LinkedIn, Facebook, or through the Invesco Canada blog.

About Invesco Ltd.

Invesco Ltd. (Ticker NYSE: IVZ) is a global independent investment management firm dedicated

to delivering an investment experience that helps people get more out of life. Our distinctive

investment teams deliver a comprehensive range of active, passive and alternative investment

capabilities. With offices in more than 20 countries, Invesco Ltd. managed US$1.5 trillion in

assets on behalf of clients worldwide as of June 30, 2021. For more information, visit

invesco.com.

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Commissions, trailing commissions, management fees and expenses may all be associated with

mutual fund investments. Mutual funds are not guaranteed, their values change frequently and

past performance may not be repeated. Please read the simplified prospectus before investing.

Copies are available from your advisor or from Invesco Canada Ltd.

Invesco is a registered business name of Invesco Canada Ltd.

Invesco® and all associated trademarks are trademarks of Invesco Holding Company Limited,

used under licence.

© Invesco Canada Ltd., 2021

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