<SEC-DOCUMENT>0001680359-23-000338.txt : 20231031
<SEC-HEADER>0001680359-23-000338.hdr.sgml : 20231031
<ACCEPTANCE-DATETIME>20231031160004
ACCESSION NUMBER:		0001680359-23-000338
CONFORMED SUBMISSION TYPE:	N-23C-2
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20231130
FILED AS OF DATE:		20231031
DATE AS OF CHANGE:		20231031
EFFECTIVENESS DATE:		20231031

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Invesco Pennsylvania Value Municipal Income Trust
		CENTRAL INDEX KEY:			0000895528
		IRS NUMBER:				367017427
		STATE OF INCORPORATION:			PA
		FISCAL YEAR END:			1031

	FILING VALUES:
		FORM TYPE:		N-23C-2
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	817-01037
		FILM NUMBER:		231364466

	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 Van Kampen Pennsylvania Value Municipal Income Trust
		DATE OF NAME CHANGE:	20100601

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST
		DATE OF NAME CHANGE:	19981006

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VAN KAMPEN AMERICAN CAPITAL PENNSYLVANIA VALUE MUNIC INCO TR
		DATE OF NAME CHANGE:	19971007
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-23C-2
<SEQUENCE>1
<FILENAME>invccpavalmuniin23c210312023.htm
<TEXT>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Securities and Exchange Commission</div>
      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Washington, DC&#160; 20549</div>
      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Rule 23c-2 Notice of Intention to</div>
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      <div style="text-align: center; margin-bottom: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Redeem Securities</div>
      <div style="text-align: center; margin-bottom: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">of</div>
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      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">
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          <div>Invesco Pennsylvania Value Municipal Income Trust</div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">Midtown Union</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">1331 Spring Street NW</div>
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">
          <div style="color: rgb(0, 0, 0);">Suite 2500</div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Atlanta, GA&#160; 30309</div>
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      <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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      <div style="text-align: center; margin-bottom: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">under the</div>
      <div style="text-align: center; margin-bottom: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Investment Company Act of 1940</div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;">Investment Company Act File No. 811-07398</div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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      <div style="margin: 3pt 0px 6pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="color: #000000;">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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(1)</td>
            <td style="width: auto; vertical-align: top;">
              <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">
                <div>Title of the class of securities of Invesco Pennsylvania Value Municipal Income Trust (the &#8220;Fund&#8221;) to be redeemed:</div>
              </div>
            </td>
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      <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
    </div>
    <div style="margin: 0px 36pt 0px 54pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Variable Rate Muni Term Preferred Shares, Series 2015/6-VPV, Liquidation Preference $100,000.00 per share (CUSIP # 46132K 604).</div>
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      <div><br>
      </div>
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            <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(2)</td>
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              <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">
                <div>Date on which the securities are expected to be called or redeemed:</div>
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      <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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        <div style="color: rgb(0, 0, 0); font-family: 'Times New Roman',serif;"><u>Variable Rate Muni Term Preferred Shares</u></div>
      </div>
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          <td colspan="1" style="width: 1%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">&#160;</td>
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        <tr>
          <td style="width: 1%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: middle; border-bottom: 1px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">Series</div>
          </td>
          <td style="width: 6%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: middle; border-bottom: 1px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">Date</div>
          </td>
          <td style="width: 1%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
        </tr>
        <tr>
          <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: top;">
            <div>
              <div style="margin: 0px; font-family: 'Times New Roman',serif; font-size: 12pt; text-align: center; text-indent: 0px;">
                <div>Series 2015/6-VPV</div>
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          <td style="width: 6%; vertical-align: top;" colspan="1">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">
              <div style="font-family: 'Times New Roman',serif;">On or about November 30, 2023</div>
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      <div style="text-align: justify; margin-left: 36pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"> <br>
      </div>
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        <div style="margin: 0px 36pt 0px 54pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; text-align: justify;">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>
      </div>
      <div><br>
      </div>
      <div style="margin: 0px 36pt 0px 54pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">The Fund reserves the right to postpone or cancel the redemption in its sole discretion.</div>
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            <td style="width: 36pt; vertical-align: top; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(3)</td>
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              <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">
                <div>Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:</div>
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      <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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      <div style="text-align: justify; margin-right: 36pt; margin-left: 54pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="text-align: left;"><font style="color: #000000;">The </font>Variable Rate Muni Term Preferred Shares<font style="color: #000000;"> are to be redeemed pursuant to Section</font> 2.5(c)(i)<font style="color: #000000;"> of the</font>
          Amended and Restated<font style="color: #000000;"> Statement of Preferences of </font>Variable Rate Muni Term Preferred Shares<font style="color: #000000;"> of the Fund.</font></div>
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              <td style="width: 36pt; vertical-align: top; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="color: #000000;">(4)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" class="TRGRRTFtoHTMLTab"> <br>
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                  <div>The number of shares to be redeemed and the basis upon which the shares to be redeemed are to be selected:</div>
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      <div style="margin-right: 36pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="color: #000000;">The Fund intends to redeem a portion of its outstanding Variable Rate Muni Term Preferred Shares, as set forth below:</div>
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      <div><br>
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      <div style="text-align: center; margin-right: 36pt; margin-left: 54pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>V</u><u>ariable Rate Muni Term Preferred Shares</u></div>
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          <td colspan="1" style="width: 1%; vertical-align: middle;">&#160;</td>
          <td colspan="2" style="vertical-align: middle;">&#160;</td>
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          <td style="width: 1%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: middle; border-bottom: 1px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">Series</div>
          </td>
          <td style="width: 6%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: middle; border-bottom: 1px solid black;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">Number of Shares</div>
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          <td style="width: 1%; vertical-align: middle; padding-bottom: 1px;" colspan="1">&#160;</td>
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          <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: top;">
            <div>
              <div style="margin: 0px; font-family: 'Times New Roman',serif; font-size: 12pt; text-align: center; text-indent: 0px;">
                <div>Series 2015/6-VPV</div>
              </div>
            </div>
          </td>
          <td style="width: 6%; vertical-align: top;" colspan="1">&#160;</td>
          <td style="width: 46%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">138</div>
          </td>
          <td style="width: 1%; vertical-align: top;" colspan="1">&#160;</td>
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      <div>
        <div style="margin: 0px 36pt 0px 54pt; color: #000000; font-family: 'Times New Roman', serif; 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>
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      <div style="margin-bottom: 6pt;"><br>
      </div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">[<font style="font-style: italic;">Remainder of Page Left Blank</font>]</div>
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      <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SIGNATURE</div>
    </div>
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      <div><br>
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      <div style="text-indent: 36pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">
        <div style="color: #000000;">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 31<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">st</sup>
          day of October, 2023.</div>
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      <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
      <div style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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    <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);" id="zf393ecdcfd5f413683dfe1dd8af880df">

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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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            <div>
              <div style="margin: 0px 0px 9pt; font-family: 'Times New Roman', serif; font-size: 12pt;">
                <div>
                  <div>INVESCO PENNSYLVANIA VALUE MUNICIPAL INCOME TRUST</div>
                </div>
              </div>
            </div>
          </td>
          <td style="width: 8%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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          </td>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
          </td>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
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          <td style="width: 7%; vertical-align: top; padding-bottom: 1px;">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">By:</div>
          </td>
          <td nowrap="nowrap" style="width: 40%; vertical-align: top; border-bottom: 1px solid rgb(0, 0, 0);">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">/s/ Alissa Clare</div>
          </td>
          <td style="width: 8%; vertical-align: top; padding-bottom: 1px;">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>
          </td>
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          <td style="width: 45%; vertical-align: top;">&#160;</td>
          <td style="width: 7%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name:</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin: 0px 0px 0px 0px; font-family: 'Times New Roman', serif; font-size: 12pt;">
              <div>Alissa Clare</div>
            </div>
          </td>
          <td style="width: 8%; vertical-align: middle;">&#160;</td>
        </tr>
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          </td>
          <td style="width: 7%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Title:</div>
          </td>
          <td style="width: 40%; vertical-align: top;">
            <div style="margin: 0px 0px 0px 0px; font-family: 'Times New Roman', serif; font-size: 12pt;">Assistant Secretary</div>
          </td>
          <td style="width: 8%; vertical-align: middle;">&#160;</td>
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