Invesco Advisers, Inc. 4

What Happened

• Invesco Advisers, Inc. (reported as a director) acquired 264,024.114 shares of Class E Common Stock of Invesco Commercial Real Estate Finance Trust on 2026-02-02 at $25.77 per share, a total value of $6,804,218. The filing reports these shares were issued as payment of management and performance fees under the company's advisory agreement (not an open-market purchase).

Key Details

• Transaction date: 2026-02-02; Price per share: $25.77; Total value: $6,804,218.
• Shares received: 77,218.621 shares as management fee + 186,805.493 shares as performance and Class F performance fees.
• Transaction type/code: A (award/grant/acquisition as compensation).
• Shares owned after transaction: Not specified in the Form 4 provided.
• Footnote: Invesco Advisers, Inc. is a wholly owned indirect subsidiary of Invesco Ltd.; the reporting persons are directors by deputization for Section 16 purposes.
• Filing timeliness: Filed 2026-02-04 for a 2026-02-02 transaction — appears timely (within the typical 2-business-day Section 16 filing window).

Context

• This was a fee-based issuance (compensation to the adviser under the advisory agreement), which is common and reflects contractually due payment rather than a discretionary insider purchase. Such issuances do not necessarily indicate the adviser’s market view.