<SEC-DOCUMENT>0001137439-24-000959.txt : 20240501
<SEC-HEADER>0001137439-24-000959.hdr.sgml : 20240501
<ACCEPTANCE-DATETIME>20240501161022
ACCESSION NUMBER:		0001137439-24-000959
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240531
FILED AS OF DATE:		20240501
DATE AS OF CHANGE:		20240501
EFFECTIVENESS DATE:		20240501

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000885601
		ORGANIZATION NAME:           	
		IRS NUMBER:				133647663
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-00748
		FILM NUMBER:		24903073

	BUSINESS ADDRESS:	
		STREET 1:		1331 SPRING STREET N.W.
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309
		BUSINESS PHONE:		404-439-3217

	MAIL ADDRESS:	
		STREET 1:		1331 SPRING STREET N.W.
		STREET 2:		SUITE 2500
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30309

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Invesco Insured Municipal Income Trust
		DATE OF NAME CHANGE:	20100601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20090722

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MORGAN STANLEY  INSURED MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	20011220
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-2
<SEQUENCE>1
<FILENAME>23c-2.htm
<TEXT>
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      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Securities and Exchange Commission</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, DC 20549</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Rule 23c-2 Notice of Intention to</div>
      <div style="text-align: center; font-size: 12pt; font-weight: bold;">Redeem Securities</div>
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    <div>
      <div style="font-size: 12pt;">&#160;</div>
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      <div style="text-align: center; font-size: 12pt;">of</div>
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      <div style="font-size: 12pt;">&#160;</div>
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      <div style="text-align: center; font-size: 12pt;">Invesco Value Municipal Income Trust</div>
      <div style="text-align: center; font-size: 12pt;">Midtown Union</div>
      <div style="text-align: center; font-size: 12pt;">1331 Spring Street NW</div>
      <div style="text-align: center; font-size: 12pt;">Suite 2500</div>
      <div style="text-align: center; font-size: 12pt;">Atlanta, GA 30309</div>
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      <div style="font-size: 12pt;">&#160;</div>
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      <div style="text-align: center; font-size: 12pt;">under the</div>
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      <div style="font-size: 12pt;">&#160;</div>
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    <div>
      <div style="text-align: center; font-size: 12pt;">Investment Company Act of 1940</div>
    </div>
    <div>
      <div style="font-size: 12pt;">&#160;</div>
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    <div>
      <div style="text-align: center; font-size: 12pt;">Investment Company Act File No. 811-&#160;06590</div>
      <div style="text-align: center; font-size: 12pt;">&#160;</div>
    </div>
    <div>
      <div style="font-size: 12pt;">The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the
        requirements of Rule 23c-2 under the Investment Company Act of 1940 (the &#8220;Act&#8221;).</div>
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            <td style="width: 36pt; vertical-align: top; font-size: 12pt;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 12pt;">Title of the class of securities of Invesco Value Municipal Income Trust (the &#8220;Fund&#8221;) to be redeemed:&#160;</div>
            </td>
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      <div style="font-size: 12pt;">&#160;</div>
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    <div>
      <div style="margin-left: 54pt; font-size: 12pt;">Variable Rate Muni Term Preferred Shares, Series 2015/6-IIM, Liquidation Preference $100,000.00 per share (CUSIP # 46132P 702).</div>
    </div>
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      <div><br>
      </div>
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      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zf11bdb028d2b4353ad2e27dc06731a94">

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            <td style="width: 36pt; vertical-align: top; font-size: 12pt;">(2)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 12pt;">Date on which the securities are expected to be called or redeemed:</div>
            </td>
          </tr>

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    </div>
    <div>
      <div style="font-size: 12pt;">&#160;</div>
    </div>
    <div>
      <div style="text-align: center; font-size: 12pt;"><u>Variable Rate Muni Term Preferred Shares</u></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zdc06f078e43b4ae1bf49a84ecf3e8b5c">

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          <td colspan="2" style="width: 100%; vertical-align: middle;">&#160;</td>
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          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center; font-size: 12pt;"><u>Series</u></div>
          </td>
          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center; font-size: 12pt;"><u>Date</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center;"><font style="font-size: 12pt;">Series 2015/6-IIM</font></div>
            <div>
              <div>&#160;</div>
            </div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">On or about May 31, 2024</div>
            <div>&#160;</div>
          </td>
        </tr>

    </table>
    <div>
      <div style="text-align: justify; margin-left: 36pt; font-size: 12pt;">This redemption may be effected on a subsequent date, due to market conditions or otherwise as determined by the Board of Trustees of the Fund.</div>
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      <div><br>
      </div>
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            <td style="width: 36pt; vertical-align: top; font-size: 12pt;">(3)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 12pt;">Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:</div>
            </td>
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    <div>
      <div style="font-size: 12pt;">&#160;</div>
    </div>
    <div>
      <div style="text-align: justify; margin-right: 36pt; margin-left: 54pt; font-size: 12pt;">The Variable Rate Muni Term Preferred Shares are to be redeemed pursuant to Section 10(a)(i) of the Statement of Preferences of Variable Rate Muni Term
        Preferred Shares of the Fund, as amended.</div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">1</font></div>
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            <td style="width: 36pt; vertical-align: top; font-size: 12pt;">(4)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-size: 12pt;">The number of shares to be redeemed and the basis upon which the shares to be redeemed are to be selected:</div>
            </td>
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      <div><br>
      </div>
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    <div>
      <div style="margin-right: 36pt; margin-left: 54pt; font-size: 12pt;">The Fund intends to redeem a portion of its outstanding Variable Rate Muni Term Preferred Shares, as set forth below:</div>
      <div><br>
      </div>
    </div>
    <div>
      <div style="text-align: center; margin-right: 36pt; margin-left: 54pt; font-size: 12pt;"><u>Variable Rate Muni Term Preferred Shares</u></div>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd1884ea1a9e7408c9dc9117e82031f19">

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          <td colspan="2" style="width: 100%; vertical-align: middle;">&#160;</td>
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          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center; font-size: 12pt;"><u>Series</u></div>
          </td>
          <td style="width: 50%; vertical-align: middle;">
            <div style="text-align: center; font-size: 12pt;"><u>Number of Shares</u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top; font-size: 12pt; text-align: center;">Series 2015/6-IIM</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">&#160;350</div>
          </td>
        </tr>

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      <div><br>
      </div>
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      <div><br>
      </div>
    </div>
    <div>
      <div style="margin-left: 36pt; font-size: 12pt;">The Variable Rate Muni Term Preferred Shares to be redeemed will be selected by lot (as determined by The Depository Trust Company).</div>
    </div>
    <div>
      <div><br>
      </div>
      <div style="text-align: center; font-size: 12pt;">[<font style="font-style: italic;">Remainder of Page Left Blank</font>]</div>
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    <div>
      <div style="text-align: center; font-size: 12pt;">SIGNATURE</div>
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    <div>
      <div><br>
      </div>
      <div><br>
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    <div>
      <div style="text-indent: 36pt; font-size: 12pt;">Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned
        on this <u>1</u><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><u>st</u></sup><u>&#160;</u> day of May, 2024.</div>
    </div>
    <div>
      <div style="font-size: 12pt;">&#160;</div>
      <div style="font-size: 12pt;">&#160;</div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z27d0f87dcf474ed39f0ddaefac5535ff">

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          <td style="width: 47.61%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
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          <td colspan="2" style="width: 41.41%; vertical-align: top;">
            <div>
              <div style="font-size: 12pt;">INVESCO VALUE MUNICIPAL INCOME TRUST</div>
            </div>
          </td>
          <td style="width: 10.98%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
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          <td style="width: 47.61%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 6.6%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 34.8%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 10.98%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 47.61%; vertical-align: top; padding-bottom: 2px;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 6.6%; vertical-align: top; padding-bottom: 2px;">
            <div style="font-size: 12pt;">By:</div>
          </td>
          <td nowrap="nowrap" style="width: 34.8%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">
            <div style="font-size: 12pt;">/s/ Alissa Clare</div>
          </td>
          <td style="width: 10.98%; vertical-align: top; padding-bottom: 2px;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
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          <td style="width: 47.61%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 6.6%; vertical-align: top;">
            <div style="font-size: 12pt;">Name:</div>
          </td>
          <td nowrap="nowrap" style="width: 34.8%; vertical-align: bottom;">
            <div style="font-size: 12pt;">&#160;&#160;Alissa Clare</div>
          </td>
          <td style="width: 10.98%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
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          <td style="width: 47.61%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 6.6%; vertical-align: top;">
            <div style="font-size: 12pt;">Title:</div>
          </td>
          <td style="width: 34.8%; vertical-align: top;">
            <div style="margin-left: 6.9pt; font-size: 12pt;">Assistant Secretary</div>
          </td>
          <td style="width: 10.98%; vertical-align: middle;">&#160;</td>
        </tr>

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    <div style="margin-bottom: 12pt;"><br>
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  <div style="text-align: center;" class="BRPFPageNumberArea"><font style="font-size: 8pt; font-weight: normal; font-style: normal;" class="BRPFPageNumber">3</font></div>
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