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Form SC TO-I/A Invesco Dynamic Credit Filed by: Invesco Dynamic Credit Opportunities Fund

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September 20, 2021 10:27 AM EDT
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON SEPTEMBER 17, 2021
 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 

SCHEDULE TO
ISSUER TENDER OFFER STATEMENT
UNDER SECTION 13(e)(1) OF THE
SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)

INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
(Name of Subject Company)

INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
(Name of Filing Person (Issuer))

COMMON SHARES, NO PAR VALUE
(Title of Class of Securities)

46132R104
(CUSIP Number of Class of Securities)

Jeffrey H. Kupor, Esq.
Invesco Dynamic Credit Opportunities Fund
1555 Peachtree Street, N.E.,
Atlanta, Georgia 30309
(404) 439-3463
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications on Behalf of Filing Person)
 

CALCULATION OF FILING FEE
 

TRANSACTION VALUATION $153,227,531.61 (a)    AMOUNT OF FILING FEE: $16,717.12 (b)
 

(a)
Pursuant to Rule 0‑11(b)(1) under the Securities Exchange Act of 1934, as amended, the transaction value was calculated by multiplying 12,596,028 Common Shares of Invesco Dynamic Credit Opportunities Fund by $12.16475, 98.5% of the Net Asset Value per share as of the close of ordinary trading on the New York Stock Exchange on August 31, 2021.
   
(b)
Calculated as $109.10 per $1,000,000 (.0001091) of the Transaction Valuation.

/ / Check box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: ______________________________
Form or Registration No.: ___________________________________________________
Filing Party: ______________________________________________________________
Date Filed: ________________________________________________________________

/ / Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer.

Check the appropriate boxes below to designate any transactions to which the statement relates:

 
/ / third-party tender offer subject to Rule 14d-1.
   
 
/X/ issuer tender offer subject to Rule 13e-4.
   
 
/ / going-private transaction subject to Rule 13e-3.
   
 
/ / amendment to Schedule 13D under Rule 13d-2.
   
Check the following box if the filing is a final amendment reporting the results of the tender offer: / /
 
EXPLANATORY NOTE


This Amendment No. 1 to the Issuer Tender Offer Statement on Schedule TO filed with the U.S. Securities and Exchange Commission on September 8, 2021, by Invesco Dynamic Credit Opportunities Fund, a Delaware statutory trust (the "Fund"), relating to an offer to purchase for cash up to 12,596,028 shares of its issued and outstanding common shares, without par value, amends such Issuer Tender Offer Statement on Schedule TO to add an additional exhibit in accordance with Rule 13e-4(c)(1) promulgated under the Securities Exchange Act of 1934, as amended.
ITEM 12.  EXHIBITS.

 (a)(5)(i)
Letter to Shareholdders dated September 17, 2021


SIGNATURE
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
 
INVESCO DYNAMIC CREDIT OPPORTUNITIES FUND
 
 
/s/ Jeffrey H. Kupor
Jeffrey H. Kupor
Senior Vice President, Chief Legal Officer and Secretary


September 17, 2021

EX-99(a)(5)(i)

Invesco Dynamic Credit Opportunities Fund
1555 Peachtree Street, N.E.
Atlanta, Georgia 30309

Dear Shareholder:
The Fund’s net asset value (NAV) as of August 31, 2021 was referenced in the Fund’s tender offer materials as $12.35. However, as of August 31, 2021, the Fund’s NAV was $12.44 per Share. You can obtain current NAV quotations from AST Fund Solutions, LLC, the information agent for the tender offer, at 800 758-5378.
All other information in the Fund’s tender offer materials remains unchanged.
NEITHER THE FUND NOR ITS BOARD OF TRUSTEES IS MAKING ANY RECOMMENDATION TO ANY SHAREHOLDER WHETHER TO TENDER OR REFRAIN FROM TENDERING SHARES IN THE OFFER.  THE FUND AND BOARD URGE EACH SHAREHOLDER TO READ AND EVALUATE THE OFFER AND RELATED MATERIALS CAREFULLY AND MAKE HIS OR HER OWN DECISION.  QUESTIONS, REQUESTS FOR ASSISTANCE AND REQUESTS FOR ADDITIONAL COPIES OF THE OFFER SHOULD BE DIRECTED TO AST FUND SOLUTIONS, LLC AT 800 758-5378.
 
Sincerely,
   
 
/s/Jeffrey H. Kupor
Jeffrey H. Kupor
Senior Vice President, Chief Legal Officer and Secretary

September 17, 2021


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