Saba Capital Reaches Agreements with Three Invesco Closed-End Funds

Invesco Senior Income Trust, Invesco High Income Trust II, and
Invesco Dynamic Credit Opportunities Fund to Commence Tender Offers

NEW YORK–(BUSINESS WIRE)–Saba Capital Management, L.P. and certain associated parties
(collectively “Saba”) today issued the following statement regarding
agreements with Invesco Senior Income Trust (NYSE: VVR), Invesco High
Income Trust II (NYSE: VLT), and Invesco Dynamic Credit Opportunities
Fund (NYSE: VTA) (“Invesco” or the “Funds”).

Saba is pleased to have reached these agreements through constructive
engagement with the Invesco boards,” said Pierre Weinstein, Partner and
Portfolio Manager at Saba. “We believe the tender offers contemplated by
the agreements will benefit all shareholders by providing them the
opportunity to tender their shares at a price close to the Funds’
respective net asset values.”

Under the terms of the agreements, prior to January 1, 2020, Invesco
Senior Income Trust, Invesco High Income Trust II, and Invesco Dynamic
Credit Opportunities Fund will commence cash tender offers for up to
15%, 20%, and 15%, respectively, of the Funds’ outstanding common shares
of beneficial interest at a price per share equal to 98.5% of the Funds’
respective net asset values (“NAV”) per share. The Funds will repurchase
shares tendered and accepted in the tender offers in exchange for cash.
In addition, Saba has agreed to certain standstill covenants.

About Saba Capital

Saba Capital Management, L.P. is an Investment Adviser based in New
York. Launched in 2009, Saba currently manages assets across three core
strategies: Credit Relative Value, Tail Hedge, and Closed-End Funds.

Contacts

Media
Gasthalter & Co.
Jonathan Gasthalter/Amanda
Klein
(212) 257-4170