Form DEFA14A Invesco Dynamic Credit

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934

Filed by the Registrant [ X ]

Filed by a Party other than the Registrant [  ]

Check the appropriate box:

INVESCO DYNAMIC CREDIT OPPORTUNITY FUND

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)

Payment of Filing Fee (Check the appropriate box):

1) Title of each class of securities to which transaction applies:

2) Aggregate number of securities to which transaction applies:

3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):

4) Proposed maximum aggregate value of transaction:

5) Total fee paid:

1) Amount Previously Paid:

2) Form, Schedule or Registration Statement No.:

3) Filing Party:

4) Date  Filed:                                                    

QUESTIONS & ANSWERS FOR:

INVESCO DYNAMIC CREDIT OPPORTUNITY FUND

We encourage you to read the proxy statement in full; however, the following represent some typical questions that shareholders may have regarding the proxy statement.

HOW DO I VOTE?

Voting may take place in the following ways:

WHAT ARE THE PROPOSALS BEING PRESENTED AT THE SHAREHOLDER MEETING AND WHAT AM I BEING ASKED TO VOTE ON?

Shareholders of the Fund are being asked to approve (i) a new investment sub-advisory agreement by and between Invesco Advisers, Inc. and Barings LLC and (ii) a new investment sub-sub-advisory agreement by and between Barings and Baring International Investment Limited.

HOW DOES THE BOARD RECOMMEND THAT I VOTE?

The Board recommends that you vote FOR the proposals.

WHY SHOULD I VOTE?

Every vote is important – this means your vote too. If shareholders fail to vote their proxies, the fund may not receive enough votes to go forward with the September 24, 2025 shareholder meeting. If this happens, additional solicitations may have to be made to obtain a quorum, or proxies may have to be resent to shareholders.

WHO HAVE WE CONTRACTED FOR THE SERVICES OF A PROXY SOLICITOR?

We have hired Sodali Fund Services as the Fund’s proxy solicitor. If we do not receive your vote after a reasonable amount of time, you may receive a telephone call and other solicitations from them reminding you to vote your shares.

WILL MY VOTE BE CONFIDENTIAL USING THE ONLINE PROXY VOTING SYSTEM?

The web proxy voting system offered by the www.proxyvotenow.com maintains security features designed to protect the confidentiality of your vote. These security features include:

HOW DO I SIGN THE PROXY CARD AND/OR VOTING INSTRUCTION CARD?

The following general rules for signing proxy cards and/or voting instruction cards could help avoid the time and expense involved in validating your vote if you fail to sign your proxy card and/or voting instruction card properly.

Individual and Joint Accounts: Shareholders and joint owners should sign exactly as their name appears in the account registration shown on the proxy card and/or voting instruction card. If shares are held jointly, one or more owners should sign personally.

All Other Accounts: The capacity of the individual signing the proxy card and/or voting instruction card (for example, “trustee”) should be indicated unless it is reflected in the form of registration. If a corporation, limited liability company, or partnership, please sign the full entity name and indicate the signer’s position with the entity.

WHAT IS THE DEADLINE FOR VOTING?

All votes must be received before or at the shareholder meeting, which will be held on September 24, 2025 at 1:00 p.m. Central Time.

WHERE CAN I FIND MORE INFORMATION CONCERNING THE PROPOSALS?

Further details about the proposals can be found in the proxy statement.

Thank you for calling Invesco.

If you have questions regarding the Annual Shareholder Meeting for the Invesco Closed-End Funds taking place on August 12, 2025 in Houston, Texas, Press 1.

If you have questions regarding the Special Meeting of Shareholders for Invesco Real Estate Fund taking place on August 19, 2025 in Houston, Texas, Press 2.

If you have questions regarding the Special Meeting of Shareholder for the Invesco Dynamic Credit Opportunity Fund taking place on September 24, 2025 in Houston, Texas, Press 3.

If you plan to attend the Annual Shareholder Meeting for the Invesco Closed-End Funds, Press 4.

If you plan to attend the Special Meeting of Shareholders of Invesco Real Estate Fund, Press 5.

If you plan to attend the Special Meeting of Shareholders of Invesco Dynamic Credit Opportunity Fund, Press 6.

Invesco Dynamic Credit Opportunity Fund Telephone Script

2025 Special Meeting