Invesco Municipal Income Opportunities Trust (OIA)
The Invesco Municipal Income Opportunities Trust operates as a closed-end mutual fund specializing in fixed income. Launched by Invesco Ltd. and established on September 19, 1988, this U.S.-domiciled fund targets the fixed income markets within the United States. Its management is collaboratively overseen by several Invesco entities: 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. The Trust primarily allocates capital to municipal bonds, demanding a minimum credit rating of BB from Standard & Poor's or Ba from Moody's. Portfolio construction employs a fundamental analysis framework, applying a bottom-up approach to security selection. Historically, the fund was recognized as the Morgan Stanley Municipal Income Opportunities Trust.
Industry: Asset Management - Income
Invesco Municipal Income Opportunities Trust
NYSE:OIAFinancial Services · Asset Management - Income
+0.35%$5.76
AH Close$5.76+0.00%vs close
AH Close$5.76+0.00%vs close
Mkt Cap$276.09M
Float47.93M
O/S47.93M
Inst Own17.2%
SI0.8%
Div Yield6.06%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$17.22M
Net Income$9.22M
Total Assets$431.15M
Free Cash Flow$12.38M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$129.99M
Total Equity$300.3M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in OIA's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$431.15M
Liabilities$130.85M
Accounts Receivable$6.81M
Accounts Payable$117
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 | $17.22M | $22.67M | $21.23M | $20.54M | $5.95M | $3.19M | $51.13M | $16.03M | $18.41M | $9.98M | $23.04M | $22.05M | $22.28M | $15.67M |
| YoY Growth | -24.1% | 6.8% | 3.3% | 245.2% | 86.6% | -93.8% | 218.9% | -12.9% | 84.5% | -56.7% | 4.5% | -1.1% | 42.2% | - |
| Cost of Revenue | $2.51M | $4.76M | $0 | $2.48M | $2.81M | $2.76M | $27.62M | -$7.57M | $2.59M | $2.51M | $2.86M | $0 | $0 | $0 |
| Gross Profit | $14.71M | $17.92M | $21.23M | -$38.74M | $3.14M | $433K | $23.51M | $23.6M | $15.82M | $7.47M | $20.18M | $22.05M | $22.28M | $15.67M |
| Gross Margin | 85.4% | 79.0% | 100.0% | -188.6% | 52.8% | 13.6% | 46.0% | 147.2% | 86.0% | 74.8% | 87.6% | 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 | $292K | $473K | $354K | $275K | $321K | $254K | $374K | $317K | $355K | $269K | $2.64M | $2.43M | $2.25M | $1.7M |
| Other | $736K | $30K | $0 | $0 | $38K | -$13.9M | $40K | $55K | $225K | $162K | $202K | $0 | $0 | $0 |
| Total Operating Expenses | $1.03M | $503K | $385K | $309K | $358K | $289K | $413K | $372K | $579K | $431K | $910K | $22.63M | $26.09M | $10.55M |
| Operating Income (EBIT) | $13.68M | $17.41M | $18.56M | $17.98M | $18.05M | $19.23M | $20.46M | $20.71M | $19.15M | $10.33M | $20.4M | $19.61M | $20.03M | $13.97M |
| Operating Margin | 79.5% | 76.8% | 87.4% | 87.5% | 303.4% | 603.0% | 40.0% | 129.2% | 104.0% | 103.5% | 88.5% | 89.0% | 89.9% | 89.2% |
| Interest Expense | $4.46M | $4.76M | $5.5M | $2.48M | $931K | $1.5M | $2.61M | $2.77M | $1.32M | $784K | $1.73M | $352K | $181K | $142K |
| Interest Income | $22.79M | $22.22M | $21.23M | $20.54M | $21.04M | $22.07M | $23.51M | $23.6M | $24.47M | $22.98M | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$4.46M | -$4.76M | $3.34M | -$57.03M | -$12.46M | -$16.33M | $30.25M | -$5.08M | -$3.86M | -$10.8M | $1.31M | $24.71M | -$24.02M | $12.1M |
| Income Before Tax (EBT) | $9.22M | $17.41M | $21.9M | -$39.05M | $5.59M | $2.9M | $50.71M | $15.66M | $17.83M | $9.55M | $21.71M | $44.33M | -$3.98M | $26.08M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $21.49M | $20.2M | $0 | $0 | $0 | $0 |
| Net Income | $9.22M | $17.41M | $21.9M | -$39.05M | $5.59M | $2.9M | $50.71M | $15.66M | $17.83M | $9.55M | $21.71M | $44.33M | -$3.98M | $26.08M |
| Net Income Margin | 53.5% | 76.8% | 103.2% | -190.1% | 94.0% | 90.9% | 99.2% | 97.7% | 96.9% | 95.7% | 94.2% | 201.1% | -17.9% | 166.4% |
| Supplementary Data | ||||||||||||||
| EPS | 0.19 | 0.36 | 0.46 | -0.82 | 0.12 | 0.06 | 1.07 | 0.33 | 0.38 | 0.19 | 0.46 | 0.93 | -0.08 | 0.55 |
| Diluted EPS | 0.19 | 0.36 | 0.46 | -0.82 | 0.12 | 0.06 | 1.07 | 0.32 | 0.38 | 0.19 | 0.46 | 0.93 | -0.08 | 0.55 |
| Weighted Average OS | 47.88M | 47.66M | 47.64M | 47.62M | 47.60M | 47.57M | 47.55M | 47.53M | 46.92M | 50.26M | 47.43M | 47.43M | 47.43M | 47.43M |
| EBITDA | $13.68M | $17.41M | $18.56M | $17.98M | $6.52M | $4.4M | $50.71M | $15.66M | $17.83M | $9.55M | $20.4M | $19.61M | $20.03M | $26.22M |
| EBITDA Margin | 79.5% | 76.8% | 87.4% | 87.5% | 109.6% | 137.9% | 99.2% | 97.7% | 96.9% | 95.7% | 88.5% | 89.0% | 89.9% | 167.3% |
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 | $4.77M | $323K | $0 | $873K | $204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | -$85.43M | $0 | $0 | -$146.57M | -$140.61M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $4.77M | $323K | -$85.43M | $873K | $204K | -$146.57M | -$140.61M | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $6.81M | $6.52M | $6.13M | $12.85M | $8.74M | $9M | $5.85M | $6.25M | $13.66M | $5.65M | $5.69M | $9.51M | $5.77M | $5.56M |
| Inventory | $0 | $0 | $0 | $96.25M | $0 | $0 | $152.42M | $147.02M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $176K | $0 | $0 | $0 | $0 | $11K | $88K |
| Total Current Assets | $6.81M | $11.29M | $6.46M | $12.85M | $9.61M | $9.21M | $5.85M | $6.4M | $13.66M | $5.65M | $5.69M | $9.51M | $5.78M | $5.65M |
| 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 | $424.08M | $424.43M | $281.55M | $382.47M | $452.24M | $468.83M | $497.11M | $458.37M | $447.91M | $413.76M | $419.81M | $408.03M | $365.19M | $379.11M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $271K | $422.65M | $158.68M | -$85.43M | -$117.58M | -$131.22M | -$146.57M | -$140.61M | -$447.91M | -$413.76M | $56K | $63K | $57K | $27K |
| Total Long-Term Assets | $424.35M | $422.65M | $440.23M | $297.05M | $334.66M | $337.62M | $350.54M | $317.75M | $447.91M | $413.76M | $419.87M | $408.1M | $365.24M | $379.14M |
| Other Assets | $0 | $0 | $0 | $85.43M | $117.58M | $131.22M | $146.57M | $140.65M | $28K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $431.15M | $433.94M | $446.69M | $395.33M | $461.85M | $478.04M | $502.96M | $464.8M | $461.6M | $419.42M | $425.56M | $417.61M | $371.02M | $384.78M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $117 | $2.93M | $140K | $3.26M | $2.16M | $49K | $6.11M | $84K | $7.63M | $60K | $1.75M | $4.01M | $1.49M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $3.56M | $0 | $0 | $0 | $270K | $11K | $1.33M | $2.58M | $494K | $847K | $2.81M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$3.56M | $0 | $0 | -$1.38M | -$270K | -$11K | -$1.33M | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $100K | -$3.65M | -$2.34M | -$245K | $29.92M | -$248K | -$59K | -$981K | $24K | $24K | $28K | $86K |
| Total Current Liabilities | $586K | $2.93M | $240K | $7.03M | $2.37M | $219K | $37.59M | $376K | $7.97M | $1.74M | $4.44M | $4.62M | $2.43M | $2.9M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $129.99M | $124.27M | $140.8M | $59.38M | $75M | $0 | $83.88M | $85.72M | $71.94M | $64.38M | $58.22M | $53.13M | $33.92M | $23.32M |
| 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 | $865K | $273K | -$140.8M | -$59.38M | $30.29M | $0 | -$83.88M | -$85.72M | -$71.94M | -$64.38M | $254K | $249K | $243K | $234K |
| Total Long-Term Liabilities | $130.85M | $124.54M | $140.96M | $89.37M | $104.95M | $111.37M | $83.88M | $115.65M | $101.81M | $64.38M | $58.47M | $53.38M | $34.16M | $23.56M |
| Other Liabilities | $0 | $0 | $0 | $169K | $176K | $206K | $209K | $213K | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $130.85M | $127.47M | $141.2M | $96.57M | $107.49M | $111.8M | $121.67M | $116.23M | $109.78M | $66.12M | $62.91M | $58M | $36.6M | $26.45M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $362.64M | $0 | $0 | $0 |
| Common Stock | $344.97M | $344.18M | $345.39M | $345.83M | $345.9M | $345.6M | $345.45M | $345.11M | $348.4M | $357.14M | $367.84M | $383.51M | $384M | $383.97M |
| Retained Earnings | -$44.67M | -$37.71M | -$39.91M | -$47.07M | $8.46M | $20.64M | $35.84M | $3.46M | $2.6M | $1.94M | -$5.2M | -$23.91M | -$49.58M | -$25.64M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $815K | -$5.79M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $815K | -$5.79M | $0 | $0 | $0 | $0 |
| Total Equity | $300.3M | $306.47M | $305.49M | $298.76M | $354.36M | $366.25M | $381.29M | $348.57M | $351.82M | $353.3M | $362.64M | $359.6M | $334.43M | $358.33M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $431.15M | $433.94M | $446.69M | $395.33M | $461.85M | $478.04M | $502.96M | $464.8M | $461.6M | $419.42M | $425.56M | $417.61M | $371.02M | $384.78M |
| Supplementary Data | ||||||||||||||
| Total Debt | $129.99M | $124.27M | $140.8M | $59.38M | $75M | $81.42M | $83.88M | $85.72M | $71.94M | $64.38M | $60.8M | $53.63M | $34.77M | $26.13M |
| Net Debt | $129.99M | $119.5M | $140.48M | $59.38M | $74.12M | $81.21M | $83.88M | $85.72M | $71.94M | $64.38M | $60.8M | $53.63M | $34.77M | $26.13M |
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 | $9.22M | $17.41M | $21.9M | -$39.05M | $5.59M | $2.9M | $50.71M | $15.66M | $17.83M | $9.55M | $21.71M | $44.33M | -$3.98M | $26.08M |
| 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 | -$540K | $348K | -$323K | $713K | $753K | -$386K | $353K | $1K | -$617K | $21K | -$71K | $74K | $0 | $0 |
| 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 | $5K | -$42K | -$112K | $117K | -$41K | $8K | $274K | -$263K | -$585K | $29K | -$1K | $30K | $0 | $0 |
| Total Working Capital Change | -$535K | $307K | -$435K | $831K | $712K | -$378K | $627K | -$261K | -$585K | $29K | -$72K | $105K | $0 | $0 |
| Other Non-Cash Items | $3.69M | $19.74M | -$53.89M | $65.95M | $18.26M | $19.46M | -$32.61M | -$10.55M | -$34.17M | $4.43M | -$10.14M | -$44.14M | $3.98M | -$26.08M |
| Net Cash from Operating | $12.38M | $37.46M | -$32.42M | $27.73M | $24.56M | $21.98M | $18.73M | $4.85M | -$16.93M | $14.01M | $11.5M | $292K | $0 | $0 |
| 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 | -$80.88M | -$49.13M | -$127.01M | -$81.52M | -$37.06M | -$63.91M | -$46.63M | -$107.54M | -$82.24M | -$67.65M | $0 | $0 | $0 | $0 |
| Sales of Investments | $72.92M | $72.22M | $80.87M | $96.83M | $48.27M | $68.2M | $49.31M | $95.24M | $49.14M | $60.26M | $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 | -$7.96M | $23.09M | -$46.14M | $15.31M | $11.21M | $4.28M | $2.68M | -$12.3M | -$33.1M | -$7.39M | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$5.71M | -$13.42M | -$51.47M | $15.61M | $6.42M | $2.46M | $1.84M | -$13.78M | -$7.56M | -$6.16M | -$5.08M | -$19.21M | - | - |
| Common Stock Issuance | $1.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$31.42M | -$583K | -$213K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$16.14M | -$15.02M | -$14.58M | -$16.34M | -$17.47M | -$17.94M | -$18M | -$18.89M | -$19.31M | -$18.92M | -$18.67M | -$19.15M | $0 | $0 |
| Other Financing Activities | $111K | $0 | -$3.56M | $3.56M | $0 | -$1.38M | $1.11M | $259K | $28.68M | $0 | $2.08M | -$357K | $0 | $0 |
| Net Cash from Financing | -$9.24M | -$33.02M | $32.74M | -$28.6M | -$23.89M | -$21.77M | -$18.73M | -$4.85M | $16.93M | -$14.01M | -$11.5M | -$292K | $0 | $0 |
| Forex Effect | $52K | $0 | $0 | -$15.31M | -$11.21M | -$4.28M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$4.77M | $4.45M | $323K | -$873K | $669K | $204K | $2.68M | -$12.3M | -$33.1M | -$7.39M | $0 | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $12.38M | $37.46M | -$32.42M | $27.73M | $24.56M | $21.98M | $18.73M | $4.85M | -$16.93M | $14.01M | $11.5M | $292K | $0 | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $12.38M | $37.46M | -$32.42M | $27.73M | $24.56M | $21.98M | $18.73M | $4.85M | -$16.93M | $14.01M | $11.5M | $292K | $0 | $0 |
| Cash at Beginning | $4.77M | $323K | $0 | $873K | $204K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $4.77M | $323K | $0 | $873K | $204K | $2.68M | -$12.3M | -$33.1M | -$7.39M | $0 | $0 | $0 | $0 |