Invesco Municipal Trust (VKQ)
The Invesco Municipal Trust functions as a closed-end mutual fund, focusing its investments on fixed income. It was initiated by Invesco Ltd. A group of Invesco entities collectively manages the fund, including Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Hong Kong Limited, INVESCO Senior Secured Management, Inc., and Invesco Canada Ltd. The fund primarily allocates capital to high-grade municipal securities, such as municipal bonds, notes, commercial paper, and lease obligations. Its portfolio is built using a strategy of fundamental analysis combined with bottom-up security selection. Formerly, it was recognized as Invesco Van Kampen Municipal Trust. This trust was founded on September 27, 1991, and is legally based in the United States.
Industry: Asset Management
Invesco Municipal Trust
NYSE:VKQFinancial Services · Asset Management
-1.46%$8.79
AH Close$8.79+0.00%vs close
AH Close$8.79+0.00%vs close
Mkt Cap$486.4M
Float41.29M
O/S55.34M
Inst Own27.3%
SI1.1%
Div Yield8.57%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$35.62M
Net Income$17.06M
Total Assets$911.36M
Free Cash Flow$24.41M
Debt & Equity
Debt 37%
Equity 63%
Total Debt$332.15M
Total Equity$569.48M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VKQ's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$911.36M
Liabilities$341.88M
Accounts Receivable$9.96M
Accounts Payable$7.29M
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 | $35.62M | $42.59M | $43.05M | -$90.02M | -$2.29M | $6.9M | $93.7M | $50.96M | $55.77M | $53.66M | $56.92M | $56.69M | $56.51M | $46.65M |
| YoY Growth | -16.4% | -1.1% | -147.8% | 3837.6% | -133.1% | -92.6% | 83.9% | -8.6% | 3.9% | -5.7% | 0.4% | 0.3% | 21.1% | - |
| Cost of Revenue | $5.17M | $0 | $5.31M | $5.9M | $6.9M | $6.89M | $7.06M | $6.87M | $7.06M | $7.28M | $7.19M | $0 | $0 | $0 |
| Gross Profit | $30.45M | $42.59M | $47.5M | -$95.92M | -$9.19M | $12K | $86.63M | $44.09M | $48.71M | $46.38M | $49.73M | $56.69M | $56.51M | $46.65M |
| Gross Margin | 85.5% | 100.0% | 110.3% | 106.6% | 401.9% | 0.2% | 92.5% | 86.5% | 87.3% | 86.4% | 87.4% | 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 | $389K | $5.76M | $378K | $330K | $341K | $349K | $485K | $7.16M | $7.28M | $7.5M | $7.51M | $7.79M | $7.82M | $6.5M |
| Other | $301K | $0 | $0 | -$74.1M | -$34.6M | -$22.74M | $60.51M | -$11.18M | $0 | $0 | -$2.6M | $0 | $0 | $0 |
| Total Operating Expenses | $690K | $5.76M | $415K | $402K | $390K | $374K | $612K | $18.03M | $20.64M | $46.87M | $2.6M | $39.45M | $74.71M | $11.86M |
| Operating Income (EBIT) | $29.76M | $36.82M | $37.57M | -$90.42M | -$2.68M | $6.52M | $93.08M | $32.91M | $35.41M | $9.62M | $47.13M | $48.91M | $48.69M | $40.15M |
| Operating Margin | 83.5% | 86.5% | 87.3% | 100.4% | 117.1% | 94.6% | 99.3% | 64.6% | 63.5% | 17.9% | 82.8% | 86.3% | 86.2% | 86.1% |
| Interest Expense | $12.7M | $13.41M | $14.26M | $10.55M | $4.54M | $5.98M | $10.91M | $10.16M | $9.17M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $43.81M | $0 | $43.02M | $43.87M | $44.09M | $47.63M | $49.46M | $50.94M | $9.17M | $6.95M | $4.45M | $4.76M | $4.54M | $3.72M |
| Other Income (Expense) | -$12.7M | -$16.89M | $9.51M | -$84.52M | -$39.7M | -$34.13M | $50.86M | -$21.03M | -$22.53M | -$46.32M | -$7.78M | $42.48M | -$71.43M | $14.64M |
| Income Before Tax (EBT) | $17.06M | $19.94M | $47.08M | -$90.42M | -$2.68M | $6.52M | $93.08M | $22.75M | $26.24M | $2.67M | $42.68M | $91.39M | -$22.74M | $54.79M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$9.17M | -$6.95M | $50.46M | $0 | $0 | $14.64M |
| Net Income | $17.06M | $19.94M | $47.08M | -$90.42M | -$2.68M | $6.52M | $93.08M | $22.75M | $26.24M | $2.67M | $42.68M | $91.39M | -$22.74M | $54.75M |
| Net Income Margin | 47.9% | 46.8% | 109.4% | 100.4% | 117.1% | 94.6% | 99.3% | 44.6% | 47.1% | 5.0% | 75.0% | 161.2% | -40.2% | 117.4% |
| Supplementary Data | ||||||||||||||
| EPS | 0.31 | 0.36 | 0.85 | -1.63 | -0.05 | 0.12 | 1.68 | 0.41 | 0.47 | 0.05 | 0.77 | 1.65 | -0.41 | 0.99 |
| Diluted EPS | 0.31 | 0.36 | 0.85 | -1.63 | -0.05 | 0.12 | 1.68 | 0.41 | 0.47 | 0.05 | 0.77 | 1.65 | -0.41 | 0.99 |
| Weighted Average OS | 55.34M | 55.34M | 55.34M | 55.34M | 55.34M | 55.32M | 55.32M | 55.32M | 55.32M | 55.32M | 55.32M | 55.32M | 55.32M | 55.32M |
| EBITDA | $29.76M | $36.82M | $37.57M | -$79.88M | $37.02M | $40.65M | $42.22M | $22.75M | $26.24M | $2.67M | $42.68M | $48.91M | $48.69M | $0 |
| EBITDA Margin | 83.5% | 86.5% | 87.3% | 88.7% | -1619.2% | 589.3% | 45.1% | 44.6% | 47.1% | 5.0% | 75.0% | 86.3% | 86.2% | - |
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 | $7.28M | $1.4M | $13.82M | $2.65M | $2.49M | $227K | $0 | $541K | $263K | $0 | $0 | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $7.28M | $1.4M | $13.82M | $2.65M | $2.49M | $227K | $0 | $541K | $263K | $0 | $0 | $0 | $0 |
| Accounts Receivable | $9.96M | $9.92M | $9.72M | $17.01M | $14.77M | $13.66M | $16.16M | $16M | $16.16M | $21.78M | $19.76M | $15.78M | $16.87M | $17.6M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $16.7M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $9.96M | $17.19M | $11.11M | $30.83M | $17.41M | $16.15M | $16.38M | $16M | $16.7M | $22.04M | $19.76M | $15.78M | $16.87M | $17.6M |
| 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 | $901.36M | $891.22M | $908.11M | $945.23M | $1.16B | $1.19B | $1.25B | $856.08M | $848.03M | $838.97M | $852.44M | $853.82M | $832.7M | $1.26B |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $43K | $891.35M | $917.83M | -$945.23M | -$1.16B | -$1.19B | -$1.25B | $305.74M | $346.41M | $375.27M | $401.43M | $405.19M | $353.3M | $241K |
| Total Long-Term Assets | $901.4M | $891.35M | $908.11M | $945.23M | $1.16B | $1.19B | $1.25B | $1.16B | $1.19B | $1.21B | $1.25B | $1.26B | $1.19B | $1.26B |
| Other Assets | $0 | $0 | $401 | $3K | $3K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $911.36M | $908.54M | $919.23M | $976.06M | $1.17B | $1.21B | $1.27B | $1.18B | $1.21B | $1.24B | $1.27B | $1.27B | $1.2B | $1.28B |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $7.29M | $6.08M | $6.93M | $14.69M | $9.95M | $1.6M | $7.02M | $1M | $1.39M | $518K | $2.77M | $926K | $3.36M | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.66M | $0 | $0 | $2.87M | $4.71M | $1.55M | $6.14M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $71K | -$15.73M | -$9.95M | -$1.6M | -$7.02M | -$3.29M | -$1.82M | $100K | $108K | $115K | $131K | $498K |
| Total Current Liabilities | $9.47M | $6.08M | $8.02M | $15.56M | $9.95M | $1.6M | $7.02M | $3.37M | $1.91M | $1.13M | $6.07M | $6.14M | $5.33M | $6.64M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $332.15M | $65.36M | $299.23M | $0 | $0 | $0 | $0 | $461.03M | $482.47M | $494.9M | $487.02M | $485.64M | $461.09M | $467.05M |
| 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 | $9.74M | $242.98M | $26K | $0 | $0 | $0 | $0 | -$461.03M | -$482.47M | $6K | $3K | $1K | $0 | $0 |
| Total Long-Term Liabilities | $341.88M | $308.34M | $299.25M | $108.65M | $192.09M | $197.4M | $225.35M | $461.05M | $482.48M | $494.91M | $487.03M | $485.64M | $461.09M | $467.05M |
| Other Liabilities | $0 | $0 | $0 | $263.04M | $263.01M | $263.13M | $263.08M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $341.88M | $314.42M | $307.28M | $387.25M | $465.05M | $462.13M | $495.45M | $464.42M | $484.39M | $496.03M | $493.1M | $491.78M | $466.42M | $473.69M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $665.17M | $681.38M | $695.96M | $696.65M | $698.52M | $698.68M | $698.45M | $700.08M | $707.14M | $718.22M | $741.77M | $785.77M | $798.34M | $800M |
| Retained Earnings | -$95.69M | -$87.26M | -$84.01M | -$107.84M | $10.31M | $47.37M | $74.48M | $13.31M | $19.62M | $22.03M | $38.76M | -$2.78M | -$61.88M | $5.39M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $569.48M | $594.12M | $611.95M | $588.81M | $708.83M | $746.05M | $772.93M | $713.39M | $726.75M | $740.25M | $780.53M | $783M | $736.46M | $805.39M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $911.36M | $908.54M | $919.23M | $976.06M | $1.17B | $1.21B | $1.27B | $1.18B | $1.21B | $1.24B | $1.27B | $1.27B | $1.2B | $1.28B |
| Supplementary Data | ||||||||||||||
| Total Debt | $332.15M | $65.36M | $299.23M | $108.65M | $192.09M | $197.4M | $225.35M | $462.7M | $482.47M | $494.9M | $489.9M | $490.35M | $462.64M | $473.2M |
| Net Debt | $332.15M | $58.08M | $297.83M | $94.83M | $189.45M | $194.91M | $225.13M | $462.7M | $481.93M | $494.64M | $489.9M | $490.35M | $462.64M | $473.2M |
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 | $17.06M | $19.94M | $47.08M | -$90.42M | -$2.68M | $6.52M | $93.08M | $22.75M | $26.24M | $2.67M | $42.68M | $91.39M | -$22.74M | $54.79M |
| 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 | $194K | -$380K | $316K | $1.86M | $1.07M | -$151K | $173K | $994K | $950K | $831K | -$247K | -$134K | -$131K | -$236K |
| 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 | -$106K | -$174K | $3K | $619K | -$166K | -$148K | $104K | $202K | $14.42M | $41.63M | $4.2M | $103K | -$71K | -$3.51M |
| Total Working Capital Change | $88K | -$553K | $319K | $2.48M | $909K | -$300K | $277K | $1.2M | $15.37M | $42.46M | $3.96M | -$30K | -$202K | -$3.74M |
| Other Non-Cash Items | $7.27M | $15.23M | $36.31M | $212.19M | $41.77M | $57.37M | -$85.03M | $13.27M | -$950K | -$831K | $247K | -$74.05M | $79.85M | -$1.07M |
| Net Cash from Operating | $24.41M | $34.62M | $83.71M | $124.25M | $40M | $63.6M | $8.33M | $38.21M | $41.62M | $45.13M | $46.63M | $17.31M | $56.91M | $49.97M |
| 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 | -$249.58M | -$140.81M | -$306.04M | -$405.31M | -$157.66M | -$238.65M | -$166.85M | -$178.31M | -$172.03M | -$178.21M | -$130.71M | $0 | $0 | $0 |
| Sales of Investments | $281.62M | $157.61M | $368.87M | $525.12M | $169.02M | $269.38M | $126.78M | $209.25M | $185.86M | $169.86M | $127.71M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $32.03M | $16.8M | $62.83M | $119.81M | $11.36M | $30.73M | -$40.07M | $30.94M | $13.83M | -$8.35M | -$3M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$24.03M | -$8.89M | $52.18M | $83.44M | $5.3M | $27.95M | -$27.11M | $21.44M | $12.42M | -$7.84M | -$1.36M | -$24.4M | $6.12M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$16.21M | -$14.58M | -$698K | -$1.87M | $0 | $0 | -$1.62M | -$1.41M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$25.58M | -$23.05M | -$23.24M | -$27.78M | -$34.53M | -$33.38M | -$31.93M | -$34.71M | -$39.75M | -$42.96M | -$45.15M | -$44.87M | -$46.2M | -$40.82M |
| Other Financing Activities | $37.95M | $0 | -$20M | $0 | $0 | $0 | -$1.66M | $1.66M | $0 | -$2.87M | -$1.84M | $3.16M | -$4.59M | -$9.15M |
| Net Cash from Financing | -$16.21M | -$28.74M | -$96.12M | -$113.09M | -$39.84M | -$61.34M | -$8.1M | -$55.9M | -$52.17M | -$37.99M | -$45.63M | -$17.31M | -$56.91M | -$49.97M |
| Forex Effect | -$47.51M | $0 | $0 | -$119.81M | -$11.36M | -$30.73M | $40.07M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$7.28M | $5.88M | -$12.41M | $11.16M | $163K | $2.26M | $227K | $13.25M | $279K | -$1.21M | -$2M | $0 | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $24.41M | $34.62M | $83.71M | $124.25M | $40M | $63.6M | $8.33M | $38.21M | $41.62M | $45.13M | $46.63M | $17.31M | $56.91M | $49.97M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $24.41M | $34.62M | $83.71M | $124.25M | $40M | $63.6M | $8.33M | $38.21M | $41.62M | $45.13M | $46.63M | $17.31M | $56.91M | $49.97M |
| Cash at Beginning | $7.28M | $1.4M | $13.81M | $2.65M | $2.49M | $227K | $0 | $541K | $263K | $1.48M | $0 | $0 | $0 | $0 |
| Cash at End | $0 | $7.28M | $1.4M | $13.81M | $2.65M | $2.49M | $227K | $13.79M | $541K | $263K | -$2M | $0 | $0 | $0 |