receipt of an undertaking by or on
behalf of the recipient to repay such amount if it is ultimately determined that he is not entitled to indemnification under this Section 9.5.
To the
extent that any determination is required to be made as to whether a Covered Person engaged in conduct for which indemnification is not provided as described herein, or as to whether there is reason to believe that a
Covered Person ultimately will be found entitled to indemnification, the Person or Persons making the determination shall afford the Covered Person a rebuttable presumption that the Covered Person has not engaged in
such conduct and that there is reason to believe that the Covered Person ultimately will be found entitled to indemnification. As used in this Section 9.5, the words “claim,” “action,”
“suit” or “proceeding” shall apply to all claims, demands, actions, suits, investigations, regulatory inquiries, proceedings or any other occurrence of a similar nature, whether actual or
threatened and whether civil, criminal, administrative or other, including appeals, and the words “liability” and “expenses” shall include without limitation, attorneys’ fees, costs,
judgments, amounts paid in settlement, fines, penalties and other liabilities.
Further Indemnification.
Nothing
contained herein shall affect any rights to indemnification to which any Covered Person or other Person may be entitled by contract or otherwise under law or prevent the Trust from entering into any contract to
provide indemnification to any Covered Person or other Person. Without limiting the foregoing, the Trust may, in connection with the acquisition of assets subject to liabilities pursuant to Section 4.2 hereof or a
reorganization or consolidation pursuant to Section 10.2 hereof, assume the obligation to indemnify any Person including a Covered Person or otherwise contract to provide such indemnification, and such indemnification
shall not be subject to the terms of this Article IX.
Amendments and Modifications.
Without
limiting the provisions of Section 11.1(b) hereof, in no event will any amendment, modification or change to the provisions of this Declaration or the By-laws adversely affect in any manner the rights of any Covered
Person to (a) indemnification under Section 9.5 hereof in connection with any proceeding in which such Covered Person becomes involved as a party or otherwise by virtue of being or having been a Trustee, officer or
employee of the Trust or (b) any insurance payments under policies maintained by the Trust, in either case with respect to any act or omission of such Covered Person that occurred or is alleged to have occurred prior
to the time such amendment, modification or change to this Declaration or the By-laws.
Item 31. Business
and Other Connections of the Investment Adviser.
Reference is made to the caption “Management of the Fund” in each Prospectus constituting Part A, which is included in this Registration Statement, and “Management” in each Statement of
Additional Information constituting Part B, which is included in this Registration Statement.
The
information as to the trustees and executive officers of Invesco Capital Management LLC as set forth in Invesco Capital Management LLC’s Form ADV, as filed with the Securities and Exchange Commission on March
26, 2020, and amended through the date hereof, is incorporated herein by reference.
Item 32. Principal
Underwriters.
(a)
Invesco Distributors, Inc. serves as the principal underwriter for the following investment companies, including the Registrant, registered under the Investment Company Act of 1940, as amended:
AIM Counselor Series Trust
(Invesco Counselor Series Trust)
AIM Equity Funds (Invesco
Equity Funds)
AIM Funds Group (Invesco
Funds Group)
AIM Growth Series (Invesco
Growth Series)
AIM International Mutual
Funds (Invesco International Mutual Funds)
AIM Investment Funds
(Invesco Investment Funds)
AIM Investment Securities
Funds (Invesco Investment Securities Funds)
AIM Sector Funds (Invesco
Sector Funds)
AIM Tax-Exempt Funds
(Invesco Tax-Exempt Funds)
AIM Treasurer’s
Series Trust (Invesco Treasurer’s Series Trust)
AIM Variable Insurance
Funds (Invesco Variable Insurance Funds)