Invesco Quality Municipal Income Trust (IQI)
The Invesco Quality Municipal Income Trust operates as a closed-ended mutual fund focusing on fixed income, having been established by Invesco Ltd. Its management responsibilities are collaboratively handled by a consortium of Invesco entities, including Invesco Advisers, Inc., INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, INVESCO Asset Management (Japan) Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. This trust primarily allocates capital within the fixed income markets of the United States. A substantial portion of its portfolio is dedicated to investment-grade municipal securities, encompassing municipal bonds, notes, and commercial paper. Portfolio construction relies on a strategy combining fundamental analysis with a bottom-up approach to security selection. Historically, the trust operated under the designation of Morgan Stanley Quality Municipal Income Trust. Its inception date was September 29, 1992, and it maintains its domicile in the United States.
Industry: Asset Management - Income
Invesco Quality Municipal Income Trust
NYSE:IQIFinancial Services · Asset Management - Income
-1.99%$8.85
AH Close$8.85+0.00%vs close
AH Close$8.85+0.00%vs close
Mkt Cap$468.02M
Float52.88M
O/S52.88M
Inst Own20.7%
SI0.7%
Div Yield8.56%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$36.87M
Net Income$17.92M
Total Assets$832.35M
Free Cash Flow$19.71M
Debt & Equity
Debt 33%
Equity 67%
Total Debt$276.19M
Total Equity$548.63M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in IQI's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$832.35M
Liabilities$283.72M
Accounts Receivable$7.84M
Accounts Payable$6.58M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Revenue | $36.87M | $32.33M | $45.14M | -$87.4M | -$4.14M | $4.86M | $89.59M | $25.03M | $27.06M | $3.99M | $49.09M | $49.54M | $48.87M | $33.03M |
| YoY Growth | 14.1% | -28.4% | -151.7% | 2009.7% | -185.2% | -94.6% | 258.0% | -7.5% | 579.1% | -91.9% | -0.9% | 1.4% | 48.0% | - |
| Cost of Revenue | $4.73M | $11.82M | $4.75M | $5.39M | $6.53M | $6.54M | $16.64M | $16.89M | $6.73M | $0 | $10.22M | $0 | $0 | $0 |
| Gross Profit | $32.14M | $20.51M | $40.4M | -$92.79M | -$10.67M | -$1.68M | $72.94M | $8.14M | $20.33M | $3.99M | $38.88M | $49.54M | $48.87M | $33.03M |
| Gross Margin | 87.2% | 63.4% | 89.5% | 106.2% | 257.6% | -34.5% | 81.4% | 32.5% | 75.1% | 100.0% | 79.2% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $379K | $555K | $386K | $385K | $377K | $393K | $362K | $526K | $482K | $401K | $3.66M | $3.73M | $3.61M | $2.88M |
| Other | $3.1M | $22K | $0 | -$75.81M | $29K | -$22.92M | $394K | $574K | $0 | $0 | -$2.88M | $0 | $0 | $0 |
| Total Operating Expenses | $3.48M | $577K | $403K | $410K | $406K | $413K | $394K | $700K | $519K | -$1.41M | $9K | $47.5M | $69.89M | $8.33M |
| Operating Income (EBIT) | $28.66M | $19.93M | $35.26M | $35.79M | $35.3M | $38.01M | $40.31M | $41.86M | $26.55M | $5.39M | $45.44M | $45.8M | $45.26M | $30.14M |
| Operating Margin | 77.7% | 61.6% | 78.1% | -40.9% | -852.0% | 781.6% | 45.0% | 167.3% | 98.1% | 135.3% | 92.6% | 92.5% | 92.6% | 91.3% |
| Interest Expense | $10.74M | $11.82M | $12.75M | $9.58M | $4.49M | $5.46M | $10.01M | $10.14M | $8.42M | $5.89M | $3.65M | $0 | $0 | $0 |
| Interest Income | $40.95M | $40.54M | $40.37M | $41.38M | $41.99M | $44.68M | $46.96M | $48.82M | $53.96M | $48.19M | $0 | $3.94M | $3.98M | $2.73M |
| Other Income (Expense) | -$10.74M | -$11.82M | $9.48M | -$123.6M | $2.04M | -$33.56M | $0 | -$17.53M | -$20.52M | $0 | -$32K | $47.29M | -$70.26M | $8.49M |
| Income Before Tax (EBT) | $17.92M | $19.93M | $44.74M | -$87.81M | -$4.55M | $4.45M | $89.19M | $24.33M | $26.55M | $5.39M | $45.41M | $93.09M | -$25M | $38.64M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38.64M | $0 | -$32K | $0 | $0 | $8.49M |
| Net Income | $17.92M | $19.93M | $44.74M | -$87.81M | -$4.55M | $4.45M | $89.19M | $24.33M | $26.55M | $5.39M | $45.41M | $93.09M | -$25M | $38.53M |
| Net Income Margin | 48.6% | 61.6% | 99.1% | 100.5% | 109.8% | 91.5% | 99.6% | 97.2% | 98.1% | 135.3% | 92.5% | 187.9% | -51.2% | 116.7% |
| Supplementary Data | ||||||||||||||
| EPS | 0.34 | 0.38 | 0.85 | -1.66 | -0.09 | 0.08 | 1.69 | 0.46 | 0.50 | 0.10 | 0.86 | 1.76 | -0.47 | 0.73 |
| Diluted EPS | 0.34 | 0.38 | 0.85 | -1.66 | -0.09 | 0.08 | 1.69 | 0.46 | 0.50 | 0.10 | 0.86 | 1.76 | -0.47 | 0.73 |
| Weighted Average OS | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M | 52.88M |
| EBITDA | $28.66M | $19.93M | $57.49M | -$78.23M | -$41.94M | $9.91M | $89.19M | $24.33M | $26.55M | -$28.02M | $49.05M | $0 | $0 | $0 |
| EBITDA Margin | 77.7% | 61.6% | 127.3% | 89.5% | 1012.3% | 203.8% | 99.6% | 97.2% | 98.1% | -703.0% | 99.9% | - | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $0 | $1.12M | $6.67M | $0 | $248K | $2.17M | $0 | $0 | $0 | $0 | $463K | $0 | $8.71M | $0 |
| Short-Term Investments | $0 | $0 | $0 | -$142.8M | $0 | $0 | -$325.69M | -$316.34M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $1.12M | $6.67M | -$142.8M | $248K | $2.17M | -$325.69M | -$316.34M | $0 | $0 | $463K | $0 | $8.71M | $0 |
| Accounts Receivable | $7.84M | $7.82M | $7.85M | $16.35M | $13.04M | $11.12M | $12.07M | $11.19M | $14.71M | $11.42M | $11.66M | $11.41M | $11.49M | $25.75M |
| Inventory | $0 | $0 | $0 | $159.16M | $0 | $0 | $337.76M | $327.53M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $100K |
| Total Current Assets | $7.84M | $8.93M | $14.52M | $16.35M | $13.29M | $13.29M | $12.07M | $11.19M | $14.71M | $11.42M | $12.12M | $11.41M | $20.21M | $25.85M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $824.4M | $829.14M | $867.87M | $869.75M | $1.08B | $1.14B | $1.18B | $1.12B | $1.13B | $1.12B | $803.99M | $795.77M | $753.12M | $1.14B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $111K | $830.53M | $875.72M | -$142.8M | -$259.11M | -$311.88M | -$325.69M | -$316.34M | -$1.13B | -$1.12B | $339.26M | $347.04M | $331.65M | $211K |
| Total Long-Term Assets | $824.51M | $830.53M | $867.87M | $726.95M | $818.26M | $828.4M | $856.72M | $807.29M | $1.13B | $1.12B | $1.14B | $1.14B | $1.08B | $1.14B |
| Other Assets | $0 | $0 | $362 | $142.81M | $259.11M | $311.88M | $325.69M | $316.37M | $31K | $13K | $0 | $0 | $0 | $0 |
| Total Assets | $832.35M | $839.46M | $882.39M | $886.11M | $1.09B | $1.15B | $1.19B | $1.13B | $1.15B | $1.13B | $1.16B | $1.15B | $1.1B | $1.17B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $6.58M | $1.52M | $6.26M | $10.56M | $9.42M | $1.47M | $6.56M | $1.39M | $2.73M | $870K | $2.54M | $0 | $5.27M | $0 |
| Short-Term Debt | $120K | $0 | $0 | $1.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.93M | $0 | $4.35M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$1.47M | $0 | $0 | -$1.11M | -$2.18M | -$1.19M | -$3.64M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$6.58M | $0 | $789K | -$13.5M | -$9.42M | -$1.47M | -$7.67M | -$3.57M | -$3.92M | -$5.38M | $438K | $387K | $441K | $359K |
| Total Current Liabilities | $120K | $1.52M | $7.05M | $12.32M | $9.64M | $1.63M | $7.82M | $3.7M | $4.25M | $870K | $2.98M | $2.32M | $5.72M | $4.7M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $276.07M | $87.89M | $287.68M | $97.16M | $165.31M | $0 | $0 | $0 | $441.3M | $205.12M | $409.01M | $413.32M | $412.52M | $409.12M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.53M | $179.29M | $200K | -$97.16M | $234.23M | $0 | $0 | $0 | -$441.3M | -$205.12M | $297K | $298K | $287K | $257K |
| Total Long-Term Liabilities | $283.6M | $267.19M | $287.88M | $307.59M | $399.1M | $433.09M | $440.13M | $441.82M | $441.3M | $205.12M | $409.31M | $413.62M | $412.81M | $409.37M |
| Other Liabilities | $0 | $0 | $213K | $205K | $226K | $260K | $264K | $270K | $0 | $218.8M | $0 | $0 | $0 | $0 |
| Total Liabilities | $283.72M | $268.7M | $295.14M | $320.12M | $408.97M | $434.98M | $448.22M | $445.79M | $445.55M | $424.78M | $412.29M | $415.94M | $418.52M | $414.08M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $617.9M | $632.97M | $646.21M | $647.12M | $648.81M | $649.7M | $649.57M | $651.05M | $651.35M | $655.74M | $685.24M | $717.1M | $721.85M | $722.6M |
| Retained Earnings | -$69.27M | -$62.21M | -$58.96M | -$81.14M | $32.88M | $68.89M | $96.7M | $38M | $4.36M | $865K | $57.84M | $21.19M | -$35.4M | $31.88M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $1.49B | $1.38B | $1.4B | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $44.53M | $52.1M | $0 | $0 | $0 | $0 |
| Total Equity | $548.63M | $570.76M | $587.26M | $565.99M | $681.69M | $718.59M | $746.27M | $689.05M | $700.24M | $708.71M | $743.08M | $738.29M | $686.45M | $754.48M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $832.35M | $839.46M | $882.39M | $886.11M | $1.09B | $1.15B | $1.19B | $1.13B | $1.15B | $1.13B | $1.16B | $1.15B | $1.1B | $1.17B |
| Supplementary Data | ||||||||||||||
| Total Debt | $276.19M | $87.89M | $287.68M | $97.16M | $165.31M | $199.25M | $206.25M | $207.96M | $207.46M | $205.12M | $409.01M | $415.25M | $412.52M | $413.46M |
| Net Debt | $276.19M | $86.78M | $281.01M | $97.16M | $165.07M | $197.08M | $206.25M | $207.96M | $207.46M | $205.12M | $408.55M | $415.25M | $403.81M | $413.46M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2026-02-28 | 2025-02-28 | 2024-02-28 | 2023-02-28 | 2022-02-28 | 2021-02-28 | 2020-02-28 | 2019-02-28 | 2018-02-28 | 2017-02-28 | 2016-02-28 | 2015-02-28 | 2014-02-28 | 2013-02-28 |
| Operating Activities | ||||||||||||||
| Net Income | $17.92M | $19.93M | $44.74M | -$87.81M | -$4.55M | $4.45M | $89.19M | $24.33M | $26.55M | $5.39M | $45.41M | $93.09M | -$25M | $38.64M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | $44K | -$6K | $471K | -$21.67M | $1.13M | -$23K | $70K | $300K | -$3.26M | $189K | -$223K | -$25K | -$245K | $733K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$109K | -$238K | -$20K | $487K | $57K | -$177K | -$60K | $170K | $3.22M | $54K | -$23K | -$28K | $42K | -$6.71M |
| Total Working Capital Change | -$65K | -$244K | $451K | -$21.19M | $1.19M | -$200K | $10K | $470K | -$44K | $243K | -$246K | -$52K | -$203K | -$5.97M |
| Other Non-Cash Items | $1.86M | $32.01M | $6.38M | $203.37M | $67.69M | $38.15M | -$54.44M | $9.24M | -$10.45M | $19.16M | -$6.55M | -$63.09M | $77.95M | -$12.06M |
| Net Cash from Operating | $19.71M | $51.7M | $51.57M | $94.38M | $64.32M | $42.4M | $34.76M | $34.03M | $16.05M | $24.79M | $38.61M | $29.94M | $52.74M | $20.6M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$134.48M | -$71.87M | -$276.92M | -$405.2M | -$123.49M | -$230.67M | -$129.38M | -$165.57M | -$128.41M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $193.6M | $105.31M | $301.52M | $514.01M | $174.51M | $241.41M | $130.41M | $162.55M | $105.27M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $59.12M | $33.44M | $24.59M | $108.81M | $51.02M | $10.74M | $1.02M | -$3.03M | -$23.14M | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$36.13M | -$10.69M | $19.95M | $68.16M | $33.94M | $7M | $1.71M | -$495K | -$2.35M | -$10M | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$15.07M | -$44.84M | -$909K | -$1.68M | -$890K | $0 | -$1.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$25M | -$23.1M | -$22.57M | -$26.26M | -$31.42M | -$32.12M | -$30.39M | -$35.52M | -$35.07M | -$39.77M | -$40.54M | -$41.27M | -$42.96M | -$28.68M |
| Other Financing Activities | -$26.68M | $10.69M | -$1.47M | $1.47M | -$33.94M | -$1.11M | -$1.08M | $994K | -$3.32M | $4.51M | $2.39M | $2.61M | -$1.07M | $8.07M |
| Net Cash from Financing | -$30.61M | -$57.25M | -$44.9M | -$94.63M | -$66.25M | -$40.23M | -$34.76M | -$34.03M | -$16.05M | -$25.26M | -$38.15M | -$38.66M | -$44.03M | -$20.6M |
| Forex Effect | -$49.34M | $0 | $0 | -$108.81M | -$51.02M | -$10.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$1.12M | -$5.55M | $6.67M | -$248K | -$1.92M | $2.17M | $1.02M | -$3.03M | -$23.14M | -$926K | $463K | -$8.71M | $8.71M | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $19.71M | $51.7M | $51.57M | $94.38M | $64.32M | $42.4M | $34.76M | $34.03M | $16.05M | $24.79M | $38.61M | $29.94M | $52.74M | $20.6M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $19.71M | $51.7M | $51.57M | $94.38M | $64.32M | $42.4M | $34.76M | $34.03M | $16.05M | $24.79M | $38.61M | $29.94M | $52.74M | $20.6M |
| Cash at Beginning | $1.12M | $6.67M | $0 | $248K | $2.17M | $0 | $0 | $0 | $0 | $463K | $0 | $8.71M | $0 | $0 |
| Cash at End | $0 | $1.12M | $6.67M | $0 | $248K | $2.17M | $1.02M | -$3.03M | -$23.14M | -$463K | $463K | $0 | $8.71M | $0 |