Invesco High Income Trust II (VLT)
Invesco High Income Trust II functions as a closed-end investment vehicle, focusing specifically on debt instruments. Launched by Invesco Ltd., its management is a collaborative effort involving several of its global subsidiaries: 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's investment strategy concentrates on fixed income markets, aiming for securities that Standard & Poor's has rated between BB and C. It strives to maintain an average duration for its portfolio of approximately three to four years. To assess its performance, the fund uses the Barclays U.S. Corporate High Yield 2% Issuer Cap Index as its benchmark. Formed in the United States on April 28, 1989, this trust was previously known as Invesco Van Kampen High Income Trust II.
Industry: Asset Management - Income
Invesco High Income Trust II
NYSE:VLTFinancial Services · Asset Management - Income
+0.22%$8.99
Prev close$8.97+0.22%Close$8.990.00%AH close$8.99
AH$8.99+0.00%vs close
Mkt Cap$58.54M
Float6.51M
O/S6.51M
Inst Own14.6%
SI0.4%
Div Yield12.26%
Dilution
Financials Summary
Revenue$6.98M
Net Income$4.64M
Total Assets$104.97M
Free Cash Flow$3.16M
Debt & Equity
Debt 30%
Equity 70%
Total Debt$31.22M
Total Equity$71.8M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:5Reverse splitMay 25, 20095 shares → 1
Balance Sheet Details
Assets$104.97M
Liabilities$33.17M
Accounts Receivable$1.91M
Accounts Payable$1.77M
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 | $6.98M | $7.8M | $7.61M | $6.55M | $6.21M | $7.52M | $10.06M | $10.46M | $10.16M | $10.94M | $11.39M | $11.72M | $12.56M | $9.78M |
| YoY Growth | -10.6% | 2.6% | 16.2% | 5.5% | -17.5% | -25.2% | -3.9% | 3.0% | -7.2% | -4.0% | -2.8% | -6.7% | 28.4% | - |
| Cost of Revenue | $842K | $0 | $849K | $872K | $986K | $1M | $1.29M | $1.38M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $6.13M | $7.8M | $7.61M | $5.67M | $5.22M | $6.52M | $8.76M | $9.09M | $10.16M | $10.94M | $11.39M | $11.72M | $12.56M | $9.78M |
| Gross Margin | 87.9% | 100.0% | 100.0% | 86.7% | 84.1% | 86.7% | 87.1% | 86.8% | 100.0% | 100.0% | 100.0% | 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 | $141K | $1.1M | $202K | $973K | $1.07M | $1.08M | $291K | $300K | $223K | $1.46M | $1.57M | $1.56M | $1.59M | $1.22M |
| Other | -$174K | $0 | $0 | -$5.95M | -$6.16M | $8.37M | $31K | $32K | $38K | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$33K | $1.1M | $236K | $13.06M | $5.29M | $747K | $322K | $332K | $261K | $15.11M | $23.03M | $6.95M | $2.2M | $6.52M |
| Operating Income (EBIT) | $6.17M | $6.7M | $6.64M | $5.57M | $5.14M | $6.44M | $8.57M | $8.92M | $6.02M | $9.48M | $9.82M | $10.16M | $10.97M | $8.56M |
| Operating Margin | 88.4% | 85.9% | 87.3% | 85.1% | 82.8% | 85.6% | 85.2% | 85.2% | 59.2% | 86.6% | 86.2% | 86.7% | 87.3% | 87.5% |
| Interest Expense | $1.59M | $1.86M | $1.98M | $1.11M | $412K | $394K | $1.42M | $1.43M | $1.05M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $7.3M | $0 | $7.5M | $1.11M | $412K | $394K | $9.94M | $10.37M | $10.11M | $728K | $591K | $538K | $572K | $472K |
| Other Income (Expense) | -$1.53M | $658K | $234K | -$13.2M | -$4.63M | $1.43M | -$3.57M | -$4.15M | -$3.69M | $15.84M | -$22.05M | -$5.92M | $3.23M | $7.27M |
| Income Before Tax (EBT) | $4.64M | $7.36M | $6.87M | -$7.63M | $509K | $7.88M | $5M | $4.77M | $4.97M | $25.32M | -$12.23M | $4.24M | $14.19M | $15.83M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.64M | $0 | $0 | $0 | $0 | $0 |
| Net Income | $4.64M | $7.36M | $6.87M | -$7.63M | $509K | $7.88M | $5M | $4.77M | $4.97M | $25.32M | -$12.23M | $4.24M | $14.19M | $15.83M |
| Net Income Margin | 66.5% | 94.4% | 90.3% | -116.5% | 8.2% | 104.7% | 49.7% | 45.6% | 48.9% | 231.4% | -107.3% | 36.1% | 113.0% | 161.8% |
| Supplementary Data | ||||||||||||||
| EPS | 0.71 | 1.13 | 1.06 | -1.17 | 0.08 | 1.21 | 0.64 | 0.59 | 0.60 | 3.12 | -1.51 | 0.52 | 1.75 | 1.95 |
| Diluted EPS | 0.71 | 1.13 | 1.06 | -1.17 | 0.08 | 1.21 | 0.64 | 0.59 | 0.60 | 3.12 | -1.51 | 0.52 | 1.75 | 1.95 |
| Weighted Average OS | 6.51M | 6.50M | 6.48M | 6.50M | 6.50M | 6.49M | 7.81M | 8.09M | 8.12M | 8.12M | 8.12M | 8.12M | 8.12M | 8.12M |
| EBITDA | $6.23M | $6.7M | $6.64M | -$6.52M | $921K | $8.25M | $5.03M | $4.77M | $8.64M | $9.48M | $9.82M | $10.16M | $10.97M | $0 |
| EBITDA Margin | 89.3% | 85.9% | 87.3% | -99.5% | 14.8% | 109.6% | 50.0% | 45.6% | 85.0% | 86.6% | 86.2% | 86.7% | 87.3% | - |
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 | $2.63M | $1.08M | $905K | $15K | $870 | $41K | $1.38M | $1.28M | $3K | $11K | $300K | $140K | $0 | $23K |
| Short-Term Investments | $0 | $0 | $0 | -$142K | -$219K | $0 | $0 | -$20K | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $2.63M | $1.08M | $905K | $103K | $186K | $41K | $1.38M | -$20K | $3K | $11K | $300K | $140K | $0 | $23K |
| Accounts Receivable | $1.91M | $5.93M | $1.61M | $5.07M | $2.51M | $3.46M | $2.88M | $3.94M | $3.2M | $4.71M | $4.25M | $7.29M | $4.26M | $3.79M |
| Inventory | $0 | $0 | $0 | $0 | -$0 | $0 | $0 | $5.24M | -$10K | -$0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $55K | $0 | $549K | $464K | $8K | $7K | $3K | $0 | $10K | $0 | $344K | $571K | $11K | $288K |
| Total Current Assets | $4.59M | $7.01M | $2.99M | $5.53M | $2.71M | $3.51M | $4.26M | $3.94M | $3.2M | $4.72M | $4.89M | $8M | $4.27M | $4.1M |
| 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 | $100.34M | $9K | $106.85M | $103.02M | $119.01M | $129.75M | $137.43M | $171.41M | $174.4M | $177.6M | $162.84M | $185.73M | $195.36M | $190.6M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $35K | $106.31M | $21K | -$142K | -$219K | -$73K | -$1.41M | -$20K | -$174.4M | $33K | $30K | $20K | $19K | $7K |
| Total Long-Term Assets | $100.37M | $106.32M | $107.32M | $102.88M | $118.79M | $129.68M | $136.02M | $171.39M | $174.4M | $177.64M | $162.87M | $185.75M | $195.38M | $190.61M |
| Other Assets | $0 | $0 | $109.84M | $23K | $69K | $74K | $38K | $30K | $14K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $104.97M | $113.33M | $109.84M | $108.43M | $121.56M | $133.26M | $140.32M | $175.36M | $177.61M | $182.36M | $167.77M | $193.75M | $199.65M | $194.71M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $1.77M | $8.19M | $4.59M | $2.25M | $474K | $4.47M | $504K | $2.04M | $424K | $1.81M | $3.31M | $4.05M | $3.49M | $1.73M |
| Short-Term Debt | $670K | $0 | $30.55M | $0 | $0 | $31.21M | $0 | $47.55M | $0 | $47.55M | $47.55M | $50.55M | $50.57M | $50.55M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$30.55M | -$30.55M | -$665K | -$42.55M | -$47.55M | -$47.13M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$2.47M | $8.32M | $4.66M | -$2.59M | -$578K | -$35.84M | -$690K | -$49.8M | -$424K | $26K | $136K | $27K | $195K | $259K |
| Total Current Liabilities | $670K | $8.19M | $35.22M | $33.16M | $31.15M | $35.87M | $43.29M | $49.84M | $424K | $49.56M | $51.11M | $54.8M | $54.44M | $52.54M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $30.55M | $30.55M | $30.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| 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 | $1.95M | $157K | $111K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $32.5M | $30.71M | $30.66M | $30.55M | $30.55M | $30.55M | $42.55M | $47.55M | $47.55M | $0 | $0 | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | -$30.53M | -$30.52M | -$30.52M | -$42.53M | -$47.53M | $120K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $33.17M | $38.89M | $35.25M | $33.19M | $31.18M | $35.9M | $43.31M | $49.86M | $48.09M | $49.56M | $51.11M | $54.8M | $54.44M | $52.54M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $100.72M | $102.95M | $105.25M | $107.81M | $110.4M | $112.38M | $113.4M | $138.96M | $139.42M | $139.58M | $147.83M | $158.14M | $158.51M | $158.95M |
| Retained Earnings | -$28.92M | -$28.51M | -$30.66M | -$32.57M | -$20.01M | -$15.01M | -$16.4M | -$13.46M | -$926K | -$6.8M | -$31.18M | -$19.2M | -$13.31M | -$16.79M |
| Comprehensive Income & Other | $0 | $0 | $0 | -$0 | -$0 | -$0 | $0 | -$0 | -$15K | -$0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$8.98M | $0 | $0 | $0 | $0 | $0 |
| Total Equity | $71.8M | $74.44M | $74.59M | $75.24M | $90.38M | $97.37M | $97.01M | $125.5M | $129.52M | $132.78M | $116.64M | $138.94M | $145.2M | $142.16M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $104.97M | $113.33M | $109.84M | $108.43M | $121.56M | $133.26M | $140.32M | $175.36M | $177.61M | $182.34M | $167.75M | $193.74M | $199.64M | $194.7M |
| Supplementary Data | ||||||||||||||
| Total Debt | $31.22M | $30.55M | $30.55M | $30.55M | $30.55M | $30.55M | $42.55M | $47.55M | $47.55M | $47.55M | $47.55M | $50.55M | $50.57M | $50.55M |
| Net Debt | $28.59M | $29.47M | $29.64M | $30.54M | $30.55M | $30.51M | $41.17M | $46.27M | $47.55M | $47.54M | $47.25M | $50.41M | $50.57M | $50.53M |
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 | $4.64M | $7.36M | $6.87M | -$7.63M | $509K | $7.88M | $5M | $4.77M | $4.97M | $25.32M | -$12.23M | $4.24M | $14.19M | $15.83M |
| 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 | -$233K | -$75K | $130K | $54K | $210K | $474K | $490K | -$72K | -$53K | $287K | $422K | -$385K | $393K | $157K |
| 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 | -$568K | $176K | -$110K | $231K | -$54K | -$23K | -$20K | $25K | $14K | $65K | $59K | -$179K | $123K | -$1.95M |
| Total Working Capital Change | -$801K | $101K | $20K | $285K | $156K | $451K | $470K | -$47K | -$39K | $352K | $481K | -$564K | $515K | -$1.79M |
| Other Non-Cash Items | -$675K | -$409K | $1.26M | $14.45M | $5.98M | $7.76M | $38.5M | $4.44M | -$3.62M | -$13.76M | $29.78M | $1.45M | $535K | -$5.03M |
| Net Cash from Operating | $3.16M | $7.05M | $8.16M | $7.11M | $6.64M | $16.08M | $43.97M | $9.16M | $1.31M | $11.91M | $18.03M | $5.12M | $15.24M | $9.01M |
| 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 | -$146.56M | $0 | $0 | -$88.8M | -$112.49M | -$115.44M | -$67.04M | -$62.77M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $149.3M | $0 | $148.44M | $91.2M | $113.6M | $125.12M | $102.94M | $63.9M | $0 | $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 | $2.75M | $1.61M | $4.8M | $2.4M | $1.11M | $9.68M | $35.9M | $1.13M | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | - | - | - | - | $12M | $5M | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2.38M | -$2.3M | -$2.56M | -$2.58M | -$2M | -$1.06M | -$982K | -$467K | $0 | -$513K | -$734K | $0 | $0 | $0 |
| Dividends Paid | -$4.9M | -$5.21M | -$4.94M | -$4.94M | -$5.46M | -$6.46M | -$7.94M | -$8.32M | -$8.23M | -$8.67M | -$9.34M | -$10.5M | -$11.16M | -$8.26M |
| Other Financing Activities | $0 | $0 | $0 | $0 | -$694K | $665K | -$24.57M | $0 | $0 | $0 | -$3M | -$21K | $21K | -$631K |
| Net Cash from Financing | -$6.61M | -$7.52M | -$7.5M | -$7.52M | -$8.16M | -$18.85M | -$38.49M | -$8.79M | -$8.23M | -$9.18M | -$13.07M | -$10.52M | -$11.14M | -$8.89M |
| Forex Effect | $1.07M | $0 | $0 | -$2.4M | -$1.11M | -$9.68M | -$35.9M | -$1.13M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $372K | -$462K | $653K | -$412K | -$1.52M | -$2.77M | $5.48M | $374K | -$6.92M | $2.73M | $4.96M | -$5.4M | $3.86M | $113K |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $3.16M | $7.05M | $8.16M | $7.11M | $6.64M | $16.08M | $43.97M | $9.16M | $1.31M | $11.91M | $18.03M | $5.12M | $15.24M | $9.01M |
| Capital Expenditure | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $3.16M | $7.05M | $8.16M | $7.11M | $6.64M | $16.08M | $43.97M | $9.16M | $1.31M | $11.91M | $18.03M | $5.12M | $15.24M | $9.01M |
| Cash at Beginning | $2.26M | $2.72M | $2.07M | $2.48M | $3.99M | $6.76M | $1.28M | $908K | $7.83M | $5.1M | $140K | $5.54M | $1.67M | $1.56M |
| Cash at End | $2.63M | $2.26M | $2.72M | $2.07M | $2.48M | $3.99M | $6.76M | $1.28M | $908K | $7.83M | $5.1M | $140K | $5.54M | $1.67M |