Invesco Trust for Investment Grade New York Municipals (VTN)
The Invesco Trust for Investment Grade New York Municipals is a closed-end mutual fund from Invesco Ltd. that focuses on fixed income investments. Its management is a collaborative effort involving a range of Invesco's global asset management subsidiaries, specifically Invesco Advisers, Inc., INVESCO Asset Management (Japan) Limited, INVESCO Asset Management Deutschland GmbH, INVESCO Asset Management Limited, Invesco Canada Ltd., Invesco Hong Kong Limited, and INVESCO Senior Secured Management, Inc. The fund's primary investment strategy involves allocating capital within the fixed income markets of the United States. It predominantly targets investment-grade municipal debt instruments issued by New York entities, such as municipal bonds, notes, commercial paper, and lease obligations. Its portfolio is constructed using a disciplined methodology that integrates fundamental analysis with a bottom-up approach to security selection. Initially known as Invesco Van Kampen Trust for Investment Grade New York Municipals, this fund commenced operations on March 27, 1992, and is legally established in the United States.
Industry: Asset Management
Invesco Trust for Investment Grade New York Municipals
NYSE:VTNFinancial Services · Asset Management
+0.00%$9.81
AH Close$9.81+0.00%vs close
AH Close$9.81+0.00%vs close
Mkt Cap$143.86M
Float617K
O/S14.66M
Inst Own13.4%
Div Yield8.38%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$8.94M
Net Income$4.55M
Total Assets$241.07M
Free Cash Flow$6.22M
Debt & Equity
Debt 32%
Equity 68%
Total Debt$77.39M
Total Equity$163.28M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in VTN's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$241.07M
Liabilities$77.78M
Accounts Receivable$2.45M
Accounts Payable$99K
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 | $8.94M | $15.01M | $15.36M | -$29.33M | $699K | -$4.97M | $33.97M | $8.8M | $8.83M | $17.9M | $18.37M | $20.5M | $21.09M | $19.25M |
| YoY Growth | -40.4% | -2.3% | -152.4% | -4298.6% | -114.1% | -114.6% | 285.9% | -0.2% | -50.7% | -2.6% | -10.4% | -2.8% | 9.5% | - |
| Cost of Revenue | $1.4M | $0 | $2.1M | $2.17M | -$14.14M | -$21.24M | $16.06M | $2.62M | $2.78M | $2.5M | $1.86M | $0 | $0 | $0 |
| Gross Profit | $7.54M | $15.01M | $15.36M | -$31.49M | $14.84M | $16.26M | $17.91M | $6.18M | $6.04M | $15.4M | $16.52M | $20.5M | $21.09M | $19.25M |
| Gross Margin | 84.4% | 100.0% | 100.0% | 107.4% | 2124.3% | -327.2% | 52.7% | 70.2% | 68.5% | 86.0% | 89.9% | 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 | $181K | $2.3M | $220K | $199K | $203K | $203K | $229K | $270K | $276K | $2.62M | $2.05M | $2.1M | $2.05M | $2.36M |
| Other | $55K | $0 | $0 | -$30.05M | $31K | $15K | $41K | $30K | $84K | $0 | $2.38M | $0 | $0 | $0 |
| Total Operating Expenses | $236K | $2.3M | $239K | $226K | $233K | $218K | $270K | $300K | $360K | $19.23M | -$2.38M | $14.79M | $31.06M | $5.49M |
| Operating Income (EBIT) | $7.31M | $12.71M | $13.15M | $12.54M | $12.17M | $13.59M | $15.1M | $16.08M | $12.09M | $571K | $18.9M | $18.4M | $19.03M | $16.89M |
| Operating Margin | 81.7% | 84.7% | 85.6% | -42.8% | 1741.6% | -273.3% | 44.5% | 182.6% | 137.0% | 3.2% | 102.9% | 89.8% | 90.3% | 87.8% |
| Interest Expense | $2.76M | $5.15M | $5.63M | $3.69M | $1.49M | $2.23M | $4.07M | $4.05M | $3.62M | $2.93M | $1.54M | $1.82M | $1.71M | $1.4M |
| Interest Income | $11.93M | $0 | $15.36M | $14.82M | $14.84M | $16.26M | $17.91M | $18.88M | $20.08M | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$2.76M | -$6.86M | $3.25M | -$27.39M | -$11.7M | -$35.32M | $18.6M | -$7.58M | -$8.66M | -$19.54M | -$1.11M | $15.07M | -$30.71M | $6.44M |
| Income Before Tax (EBT) | $4.55M | $5.85M | $16.39M | -$29.55M | $465K | -$5.19M | $33.7M | $8.5M | $8.47M | -$2.36M | $17.36M | $33.47M | -$11.68M | $23.34M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $17.07M | -$22.22M | -$2.65M | $0 | $0 | $5.04M |
| Net Income | $4.55M | $5.85M | $16.39M | -$29.55M | $465K | -$5.19M | $33.7M | $8.5M | $8.47M | -$2.36M | $17.36M | $33.47M | -$11.68M | $23.29M |
| Net Income Margin | 50.8% | 39.0% | 106.7% | 100.8% | 66.6% | 104.4% | 99.2% | 96.6% | 95.9% | -13.2% | 94.5% | 163.3% | -55.4% | 121.0% |
| Supplementary Data | ||||||||||||||
| EPS | 0.31 | 0.40 | 0.84 | -1.52 | 0.02 | -0.27 | 1.73 | 0.44 | 0.44 | -0.12 | 0.89 | 1.72 | -0.60 | 1.20 |
| Diluted EPS | 0.31 | 0.40 | 0.84 | -1.52 | 0.02 | -0.27 | 1.73 | 0.43 | 0.44 | -0.12 | 0.89 | 1.72 | -0.60 | 1.20 |
| Weighted Average OS | 14.64M | 14.61M | 19.48M | 19.48M | 19.48M | 19.48M | 19.48M | 19.48M | 19.24M | 19.48M | 19.46M | 19.46M | 19.45M | 19.44M |
| EBITDA | $7.31M | $12.71M | $13.15M | -$40.57M | $1.95M | $13.59M | $15.1M | $8.5M | $17.07M | -$2.36M | $17.36M | $18.4M | $19.03M | $24.74M |
| EBITDA Margin | 81.7% | 84.7% | 85.6% | 138.3% | 279.6% | -273.3% | 44.5% | 96.6% | 193.4% | -13.2% | 94.5% | 89.8% | 90.3% | 128.5% |
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 | $0 | $3.06M | $1.43M | $1.13M | $3.99M | $0 | $56K | $0 | $0 | $0 | $2.76M | $0 | $0 |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | -$145.82M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $0 | $0 | $3.06M | $1.43M | $1.13M | $3.99M | -$145.82M | $56K | $0 | $0 | $0 | $2.76M | $0 | $0 |
| Accounts Receivable | $2.45M | $3.52M | $3.79M | $3.81M | $4.35M | $4.66M | $4.57M | $4.67M | $5.05M | $5.26M | $5.46M | $5.38M | $5.28M | $5.27M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $150.39M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $91K |
| Total Current Assets | $2.45M | $3.52M | $6.85M | $5.24M | $5.48M | $8.65M | $4.57M | $4.73M | $5.05M | $5.26M | $5.46M | $8.15M | $5.28M | $5.37M |
| 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 | $238.62M | $255.97M | $302.46M | $355.01M | $411.12M | $445.47M | $469.73M | $447.2M | $466.8M | $302.94M | $314.24M | $310.37M | $455.15M | $492.48M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $56 | $255.97M | $60.96M | -$61.73M | -$90.49M | -$129.23M | -$145.82M | -$142.71M | -$466.8M | $170.66M | $156.52M | $153.51M | $140K | $247K |
| Total Long-Term Assets | $238.62M | $255.97M | $363.43M | $293.28M | $320.63M | $316.23M | $323.91M | $304.49M | $466.8M | $473.6M | $470.76M | $463.88M | $455.29M | $492.73M |
| Other Assets | $0 | $0 | $0 | $61.73M | $90.49M | $129.23M | $145.83M | $142.72M | $14K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $241.07M | $259.49M | $370.27M | $360.25M | $416.59M | $454.12M | $474.31M | $451.94M | $471.87M | $478.85M | $476.22M | $472.03M | $460.57M | $498.09M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $99K | $735K | $1.65M | $300K | $95K | $3.47M | $192K | $214K | $2.18M | $0 | $0 | $0 | $1.06M | $2.77M |
| Short-Term Debt | $1.09M | $0 | $0 | $0 | $0 | $0 | $1.29M | $0 | $0 | $2.52M | $82K | $0 | $191K | $4.12M |
| 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 | -$1.29M | $0 | $2.08M | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$99K | $912K | $30K | -$783K | -$282K | -$3.72M | -$3.08M | -$508K | -$2.18M | $39K | $46K | $44K | $65K | $178K |
| Total Current Liabilities | $1.09M | $735K | $2.17M | $507K | $217K | $3.75M | $1.62M | $327K | $2.36M | $2.76M | $279K | $202K | $1.47M | $7.07M |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $76.3M | $41.14M | $132.31M | $0 | $0 | $173.43M | $89.51M | $180.84M | $103.18M | $195.54M | $178.38M | $175.56M | $179.71M | $180.53M |
| 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 | $395K | $47.09M | -$132.31M | $0 | $0 | -$173.43M | -$89.51M | -$180.84M | -$103.18M | $15K | $13K | $11K | $10K | $10K |
| Total Long-Term Liabilities | $76.7M | $88.23M | $132.32M | $132.55M | $150.07M | $173.43M | $179.85M | $180.84M | $103.18M | $195.55M | $178.39M | $175.57M | $179.72M | $180.54M |
| Other Liabilities | $0 | $0 | $0 | $17K | $17K | $20K | $21K | $20K | $90.79M | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $77.78M | $88.96M | $134.49M | $133.07M | $150.3M | $177.2M | $181.5M | $181.19M | $196.33M | $198.32M | $178.67M | $175.77M | $181.19M | $187.61M |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $195.11M | $199.44M | $263.16M | $263.62M | $264.26M | $264.2M | $264.15M | $264.81M | $265.8M | $266.55M | $281.41M | $290.91M | $292.64M | $292.57M |
| Retained Earnings | -$31.83M | -$28.92M | -$27.38M | -$36.44M | $2.03M | $12.72M | $28.67M | $5.94M | $614K | $705K | $16.14M | $5.35M | -$13.26M | $17.92M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9.12M | $13.29M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $0 | $0 | $1 | $0 | $0 | $0 | $0 | $0 | $9.12M | $13.29M | $0 | $0 | $0 | $0 |
| Total Equity | $163.28M | $170.53M | $235.78M | $227.18M | $266.29M | $276.92M | $292.82M | $270.76M | $275.54M | $280.54M | $297.55M | $296.26M | $279.38M | $310.49M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $241.07M | $259.49M | $370.27M | $360.25M | $416.59M | $454.12M | $474.31M | $451.94M | $471.87M | $478.85M | $476.22M | $472.03M | $460.57M | $498.09M |
| Supplementary Data | ||||||||||||||
| Total Debt | $77.39M | $41.14M | $132.31M | $42.17M | $59.67M | $83.08M | $89.51M | $90.45M | $103.18M | $195.54M | $178.46M | $175.56M | $179.9M | $184.65M |
| Net Debt | $77.39M | $41.14M | $129.25M | $40.74M | $58.55M | $79.09M | $89.51M | $90.39M | $103.18M | $195.54M | $178.46M | $172.8M | $179.9M | $184.65M |
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 | $4.55M | $5.85M | $16.39M | -$29.55M | $465K | -$5.19M | $33.7M | $8.5M | $8.47M | -$2.36M | $17.36M | $33.47M | -$11.68M | $23.34M |
| 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 | $30K | $1.3M | -$17K | $520K | $358K | -$64K | $49K | $380K | $190K | $199K | -$69K | $9K | $188K | -$241K |
| 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 | -$3K | -$167K | -$4K | $295K | -$62K | -$55K | $8K | $44K | $54K | $53K | -$6K | -$978 | -$18K | -$1.93M |
| Total Working Capital Change | $27K | $1.13M | -$21K | $815K | $296K | -$120K | $57K | $424K | $243K | $252K | -$75K | $8K | $169K | -$2.17M |
| Other Non-Cash Items | $1.65M | $105.32M | -$6.77M | $56.11M | $30.88M | $27.73M | -$22.53M | $17.43M | $8.96M | $18.15M | $778K | -$9.7M | $35.68M | -$11.98M |
| Net Cash from Operating | $6.22M | $112.3M | $9.6M | $27.37M | $31.64M | $22.42M | $11.23M | $26.36M | $17.67M | $16.24M | $17.99M | $23.77M | $24.17M | $9.19M |
| 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 | -$50.05M | -$52.39M | -$91.91M | -$89.87M | -$249K | -$57.87M | -$63.11M | -$29.19M | -$62.27M | -$118.64M | -$53.98M | $0 | $0 | $0 |
| Sales of Investments | $71.63M | $156.86M | $100.73M | $108.63M | $28.75M | $74.14M | $54.96M | $41.64M | $64.42M | $97.46M | $46.4M | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $21.58M | $104.47M | $8.82M | $18.76M | $28.5M | $16.27M | -$8.15M | $12.45M | $2.15M | -$21.18M | -$7.58M | $0 | $0 | $0 |
| Financing Activities | ||||||||||||||
| Debt Repaid | $10.66M | $845K | $190K | $17.5M | $23.41M | $6.43M | $940K | $12.73M | $1.96M | -$17.16M | -$2.81M | $4.21M | $880K | - |
| Common Stock Issuance | -$155K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$4.56M | -$107.72M | -$459K | -$643K | $0 | $0 | -$691K | -$967K | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$7.15M | -$7.36M | -$7.33M | -$8.92M | -$11.09M | -$10.71M | -$10.95M | -$12.33M | -$13.46M | -$14.66M | -$16.06M | -$16.62M | -$19.36M | -$16.79M |
| Other Financing Activities | $0 | $554K | $0 | $0 | $0 | -$1.29M | $1.29M | -$276K | -$2.25M | $2.44M | $82K | -$191K | -$3.93M | $7.6M |
| Net Cash from Financing | -$22.52M | -$115.36M | -$7.97M | -$27.07M | -$34.5M | -$18.43M | -$11.29M | -$26.3M | -$17.67M | $4.94M | -$13.17M | -$21.01M | -$24.17M | -$9.19M |
| Forex Effect | -$5.28M | $0 | $0 | -$18.76M | -$28.5M | -$16.27M | $8.15M | -$12.45M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$3.06M | $1.63M | $302K | -$2.86M | $3.99M | -$56K | $56K | $2.15M | $0 | -$2.76M | $2.76M | $0 | $0 |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $6.22M | $112.3M | $9.6M | $27.37M | $31.64M | $22.42M | $11.23M | $26.36M | $17.67M | $16.24M | $17.99M | $23.77M | $24.17M | $9.19M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $6.22M | $112.3M | $9.6M | $27.37M | $31.64M | $22.42M | $11.23M | $26.36M | $17.67M | $16.24M | $17.99M | $23.77M | $24.17M | $9.19M |
| Cash at Beginning | $0 | $3.06M | $1.43M | $1.13M | $3.99M | $0 | $56K | $0 | $0 | $0 | $2.76M | $0 | $0 | $0 |
| Cash at End | $0 | $0 | $3.06M | $1.43M | $1.13M | $3.99M | $0 | $56K | $2.15M | $0 | $0 | $2.76M | $0 | $0 |