SEC Form 4 · accession 0001214659-17-003850
Invesco Pennsylvania Value Municipal Income Trust · VPV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owners
RBC Capital Markets, LLC
10% Owner
ROYAL BANK OF CANADA
10% Owner
RBC Municipal Products, Inc.
10% Owner
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000895528
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Variable Rate Muni Term Preferred SharesF2,F3 | Jun 1, 2017 | J | 75 | $100,000.00 | A | 1,376 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This statement is jointly filed by Royal Bank of Canada ("RBC"), RBC Municipal Products, LLC (the successor by conversion of RBC Municipal Products, Inc.) ("MPI") and RBC Capital Markets, LLC ("RBCCM"). RBC holds an indirect interest in the securities listed in Table I (the "Securities") by virtue of its indirect 100% ownership of its subsidiaries RBCCM and MPI.
- F2The 75 Variable Rate Muni Term Preferred Shares ("VMTP Shares") acquired on June 1, 2017 are directly held by RBC Capital Markets, LLC, which is a wholly owned indirect subsidiary of RBC. MPI is the beneficial owner of 1,301 VMTP Shares which were previously deposited by MPI with The Bank of New York Mellon, as trustee of RBC Taxable TOB Trust, Series E-52, a Delaware trust that is a tender option bond financing trust (the "TOB"). MPI is the beneficial owner of 1,301 VMTP Shares through its ownership of the residual certificates issued by the TOB. MPI also holds the right to dissolve the TOB, dispose of the 1,301 VMTP Shares and direct certain voting and consent rights on such VMTP Shares.
- F3Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Remarks
1 This Form 4 was executed by John Penn pursuant to the power of attorney filed with the Securities and Exchange Commission on November 12, 2010 in connection with a Schedule 13G/A for RMR Real Estate Income Fund, which power of attorney is incorporated herein by reference. 2 This Form 4 was executed by John Penn pursuant to the power of attorney filed with the Securities and Exchange Commission on August 9, 2013 in connection with a Schedule 13G/A for RMR Real Estate Income Fund, which power of attorney is incorporated herein by reference.