Invesco Advisers, Inc. 4

What Happened
Invesco Advisers, Inc. (reported as a director by deputization) executed two related transactions in Invesco Real Estate Income Trust Class E common stock. On 2026-02-27 IAI disposed (repurchased by the issuer) 5,778.639 shares at $28.09 for $162,331. On 2026-03-01 IAI acquired 11,924.853 shares at $28.09 valued at $334,987 as payment of its management fee. Net effect: a gain of 6,146.214 shares and roughly $172,656 more in shares received than repurchased. These were not open-market purchases or sales by an individual insider but institutional transfers tied to issuer repurchase and fee payment.

Key Details

• Transaction dates and prices:
  • 2026-02-27: Disposition to issuer (repurchase) — 5,778.639 sh @ $28.09 = $162,331
  • 2026-03-01: Grant/acquisition (fee payment) — 11,924.853 sh @ $28.09 = $334,987
• Net change: +6,146.214 shares (11,924.853 acquired − 5,778.639 disposed)
• Shares owned after transaction: Not specified in the filing
• Footnotes:
  • F1: The 02-27 disposition represents a repurchase of shares by the issuer; reporting persons are directors by deputization.
  • F2: The 03-01 acquisition represents shares received by IAI as payment of its management fee.
• Filing: Form 4 filed 2026-03-03; no late-filing flag indicated on the available record.

Context
These transactions reflect corporate/contractual mechanics (issuer share repurchase and payment of management fees in stock) by a wholly owned indirect subsidiary of the ultimate parent, Invesco Ltd. Because the acquisition was a fee payment (not an open-market buy) and the disposition was an issuer repurchase, they are routine institutional actions rather than direct personal trading by an individual insider.