<DOCUMENT>
<TYPE>EX-99.77Q2
<SEQUENCE>4
<FILENAME>d357396dex9977q2.txt
<DESCRIPTION>EX-99.77Q2
<TEXT>
<PAGE>

                                                                  SUB-ITEM 77Q2

                     INVESCO VALUE MUNICIPAL INCOME TRUST

   Based upon its review of the copies of all such filings received by it,
Invesco Value Municipal Income Trust believes that, during the fiscal year
ended February 28, 2017, all filing requirements applicable to its Reporting
Persons were met except that Form 3 reports covering (i) a disposition of the
Fund's Shares held by Kelli K. Gallegos, Robert R. Leveille, Jack Connelly,
James D. Phillips, Julius D. Williams, Mark E. Paris and Timothy O'Reilly and
(ii) a purchase of the Fund's Shares by Kelli K. Gallegos, Robert R. Leveille,
Jack Connelly, James D. Phillips, Julius D. Williams, Mark E. Paris and Timothy
O'Reilly were not filed in a timely manner.
</TEXT>
</DOCUMENT>
