NYSE:IVZCapital Markets
Invesco (IVZ) Is Up 8.8% After Premium Preferred Buyback And LGT Tie-Up Has The Bull Case Changed?
Earlier this month, Invesco Ltd. agreed to repurchase US$500 million of its 5.9% Series A preferred shares from MassMutual at an 18% premium, while also forming a partnership with LGT Capital Partners to build multi-alternative private markets solutions for U.S. wealth and retirement investors.
Together, these steps highlight Invesco’s focus on reshaping its capital structure and deepening its presence in higher-fee private markets offerings.
We’ll now explore how this preferred share...