Invesco entered into a Preferred Share Repurchase Agreement with MassMutual on December 8, 2025 to repurchase $500 million of the 5.9% Fixed Rate Non-Cumulative Perpetual Series A Preference Shares held by MassMutual.

1. 01

   Invesco entered into a Preferred Share Repurchase Agreement with MassMutual on December 8, 2025 to repurchase $500 million of the 5.9% Fixed Rate Non-Cumulative Perpetual Series A Preference Shares held by MassMutual.

2. 02

   The company said it will repurchase 500,000 of the targeted preferred shares at $1,180.00 per share, which represents a 18% premium to the liquidation preference per share of $1,000.00.

3. 03

   Invesco said the repurchase is expected to close around the middle of December 2025. Under the agreement, closing is scheduled for the 5th business day following the execution date, and the agreement will automatically terminate if closing does not occur by 5 p.m. New York time on December 31, 2025.

4. 04

   The company said MassMutual will continue to own $2.5 billion of preferred shares after the repurchase. It added that the dividend on the targeted preferred shares for Q4 2025 will be prorated from December 1, 2025 through the closing date and reflected in the dividend payable on March 2, 2026.

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