REG-Invesco Bond Income Plus Limited: WRAP Retail Offer

Invesco Bond Income PlusAnnouncement

29/01/2026 07:02

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND,
CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER
JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE
A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

 

THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION
21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 ("FSMA") AND HAS BEEN
APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED
BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455).

 

29 January 2026

 

Invesco Bond Income Plus Limited

 

WRAP Retail Offer

 

Invesco Bond Income Plus Limited ("                     BIPS                  
 " or the "                     Company                    ")                 
                       an investment company that aims to obtain capital
growth and high income by investing predominantly in high-yielding
fixed-interest assets, is pleased to announce a retail offer via the
Winterflood Retail Access Platform ("                     WRAP                
   ") (the "                     WRAP Retail Offer                    ").

 

The WRAP Retail Offer is being undertaken alongside a placing (the "          
          Placing                    ") of new ordinary shares of no par value
in the capital of the Company ("                     Shares                   
") that was announced by the Company on 29 January 2026 (the "                
    Fundraise                    ").

 

Shares will be issued in the Placing and WRAP Retail Offer pursuant to the
Company's existing shareholder authorities and, to the extent the requisite
shareholder authorities are obtained at a general meeting convened for 12
February 2026 (the "                     General Meeting                   
"), the additional issuance authorities being sought at the General Meeting.
Any Shares issued pursuant to the Placing and WRAP Retail Offer will be issued
at a price equal to a 0.75% premium to the last published cum-income NAV per
Share prior to the Fundraise close (the "                     Issue Price     
              "). The Issue Price is expected to be announced on 11 February
2026.

 

Applications will be made to the London Stock Exchange for admission to
trading of the new Shares on its main market for listed securities ("         
           Admission                    ").                      It is
expected that Admission will become effective at 8.00 a.m. on 16 February 2026
and that dealings in the new Shares will commence at that time.

 

A separate announcement has been made regarding the Placing and its terms and
sets out the reasons for the Placing and use of proceeds.                    
 The net proceeds of the WRAP Retail Offer will be invested in accordance with
the Company's investment policy.

 

For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing.
Completion of the WRAP Retail Offer is conditional, inter alia, upon the
completion of the Placing but completion of the Placing is not conditional on
the completion of the WRAP Retail Offer.

 

WRAP Retail Offer

 

The Company values its retail shareholder base and believes that it is
appropriate to provide its existing retail shareholders, along with new
qualifying investors, in the United Kingdom the opportunity to participate in
the WRAP Retail Offer.

 

Therefore, the Company is making the WRAP Retail Offer open to eligible
investors in the United Kingdom following release of this announcement and
through certain financial intermediaries. To be eligible to participate in the
WRAP Retail Offer, applicants must be customers of a participating
intermediary (including individuals aged 18 years or over), companies and
other bodies corporate, partnerships, trusts, associations and other
unincorporated organisations ("                     Eligible Retail Investors 
                  "). Eligible Retail Investors can contact their broker or
wealth manager to participate in the WRAP Retail Offer.

 

A number of retail platforms are able to access the WRAP Retail Offer.
Non-holders or existing shareholders wishing to subscribe for WRAP Retail
Offer Shares should contact their broker or wealth manager who will confirm if
they are participating in the WRAP Retail Offer.

 

Retail brokers wishing to participate in the WRAP Retail Offer on behalf of
Eligible Retail Investors, should contact                                 
WRAP@winterflood.com                               .

 

The WRAP Retail Offer is expected to close at 2.00 p.m. on 12 February 2026.
Eligible Retail Investors should note that financial intermediaries may have
earlier closing times. The result of the WRAP Retail Offer is expected to be
announced by the Company, alongside the result of the Fundraise, on or around
13 February 2026.

 

There is a minimum subscription of £100 per investor under the WRAP Retail
Offer. The terms and conditions on which investors subscribe will be provided
by the relevant financial intermediaries including relevant commission or fee
charges.

 

The Company reserves the right to amend the size and timings of the WRAP
Retail Offer at its discretion. The Company reserves the right to scale back
any order and to reject any application for subscription under the WRAP Retail
Offer without giving any reason for such rejection.

 

It is vital to note that once an application for WRAP Retail Offer Shares has
been made and accepted via an intermediary, it cannot be withdrawn.

 

The new Shares will, when issued, be credited as fully paid, and have the
right to receive all dividends and other distributions declared, made or paid
after their date of issue.

 

Investors should make their own investigations into the merits of an
investment in the Company. Nothing in this announcement amounts to a
recommendation to invest in the Company or amounts to investment, taxation or
legal advice.

 

It should be noted that a subscription for Shares and investment in the
Company carries a number of risks, including the risk that investors may lose
their entire investment. Investors should take independent advice from a
person experienced in advising on investment in securities such as the Shares
if they are in any doubt.

 

An investment in the Company will place capital at risk. The value of
investments, and any income, can go down as well as up, so investors could get
back less than the amount invested.

 

Neither past performance nor any forecasts should be considered a reliable
indicator of future results.

 

The WRAP Retail Offer is offered in the United Kingdom under the exemption
from the requirement to publish a prospectus pursuant to Schedule 1 (Part 1)
of The Public Offers and Admission to Trading Regulations 2024 and the
Prospectus Rules of the FCA. There is a Jersey legal requirement pursuant to
the Collective Investment Funds (Certified Funds - Prospectuses) (Jersey)
Order 2012 (the "                     Prospectus Order                    ")
to provide certain information in respect of the WRAP Retail Offer. This
supplemental information can be found in the appendix to this announcement
(the "                     Supplemental Information                    "). The
WRAP Retail Offer is not being made into any jurisdiction other than the
United Kingdom.

 

 Invesco Fund Managers Limited   Will Ellis  John Armstrong-Denby  Eachann Bruce  +44 1491 417000                             
 Winterflood Securities (Broker to the Company)   Hugh Middleton  Neil Morgan     +44 (0)20 3100 0000                         
 Winterflood Retail Access Platform   Sophia Bechev  Kaitlan Billings             WRAP@winterflood.com   +44(0) 20 3100 0214  
                                                                                                                              
                                                                                                                              

Further information on the Company can be found at the Company's website:     
                           
https://www.invesco.com/uk/en/investment-trusts/invesco-bond-income-plus-limited.html

 

The Company's LEI is 549300JLX6ELWUZXCX14

 

This announcement should be read in its entirety. In particular, the
information in the "Important Notices" section of the announcement should be
read and understood.

 

 

Important Notices

 

This announcement, which has been prepared by and is the sole responsibility
of the Company has been approved for the purposes of Section 21 of the
Financial Services and Markets Act 2000 ("                     FSMA           
        ") by Winterflood Securities Limited ("                    
Winterflood                    "), which is authorised and regulated by the
Financial Conduct Authority.

 

The release, publication or distribution of this announcement may be
restricted by law in certain jurisdictions and persons into whose possession
any document or other information referred to herein comes should inform
themselves about and observe any such restriction. Any failure to comply with
these restrictions may constitute a violation of the securities laws of any
such jurisdiction.

 

This announcement and the information contained herein is not for release,
publication or distribution, directly or indirectly, in whole or in part, in
or into or from the United States (including its territories and possessions,
any state of the United States and the District of Columbia (the "            
        United States                    " or "                     US        
           ")), Australia, Canada, New Zealand, Japan, the Republic of South
Africa, any member state of the EEA or any other jurisdiction where to do so
might constitute a violation of the relevant laws or regulations of such
jurisdiction. This announcement does not constitute an offer to sell or issue
or a solicitation of an offer to buy or subscribe for Shares in any such
jurisdiction.

 

The Shares have not been and will not be registered under the US Securities
Act of 1933, as amended (the "                     US Securities Act          
         ") or under the applicable state securities laws of the United States
and may not be offered or sold directly or indirectly in or into the United
States. No public offering of the Shares is being made in the United States.
The Shares are being offered and sold outside the United States in "         
           offshore transactions                    ", as defined in, and in
compliance with, Regulation S under the US Securities Act ("                  
  Regulation S                    ") to non-US persons (within the meaning of
Regulation S). In addition, the Company has not been, and will not be,
registered under the US Investment Company Act of 1940, as amended.

 

This announcement is not for publication or distribution, directly or
indirectly, in or into the United States of America.                     
This announcement is not an offer of securities for sale into the United
States.                      The securities referred to herein have not been
and will not be registered under the US Securities Act, and may not be offered
or sold in the United States, except pursuant to an applicable exemption from
registration.                      No public offering of securities is being
made in the United States.

 

WRAP is a proprietary technology platform owned and operated by Winterflood
(registered address at Riverbank House, 2 Swan Lane, London EC4R 3GA; FRN
141455). Winterflood is authorised and regulated in the United Kingdom by the
Financial Conduct Authority, is acting exclusively for the Company and for
no-one else and will not regard any other person (whether or not a recipient
of this announcement) as its client in relation to the WRAP Retail Offer and
will not be responsible to anyone other than the Company for providing the
protections afforded to its clients, nor for providing advice in connection
with the WRAP Retail Offer, Admission and the other arrangements referred to
in this announcement.

 

The value of Shares and the income from them is not guaranteed and can fall as
well as rise due to stock market movements. When you sell your investment, you
may get back less than you originally invested. Figures refer to past
performance and past performance is not a reliable indicator of future
results.                     Returns may increase or decrease as a result of
currency fluctuations.

 

Certain statements in this announcement may constitute forward-looking
statements which are based on the Company's expectations, intentions and
projections regarding its future performance, anticipated events or trends and
other matters that are not historical facts. These forward-looking statements,
which may use words such as "aim", "anticipate", "believe", "intend",
"estimate", "expect" and words of similar meaning, include all matters that
are not historical facts. These forward-looking statements involve risks,
assumptions and uncertainties that could cause the actual results of
operations, financial condition, liquidity and dividend policy and the
development of the industries in which the Company's businesses operate to
differ materially from the impression created by the forward-looking
statements. These statements are not guarantees of future performance and are
subject to known and unknown risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed or implied by
such forward-looking statements. Given those risks and uncertainties,
prospective investors are cautioned not to place undue reliance on
forward-looking statements.

 

These forward-looking statements speak only as at the date of this
announcement and cannot be relied upon as a guide to future performance. The
Company and Winterflood expressly disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to reflect
actual results or any change in the assumptions, conditions or circumstances
on which any such statements are based unless required to do so by the FCA,
the London Stock Exchange or applicable law.

 

The information in this announcement is for background purposes only and does
not purport to be full or complete. None of Winterflood or any of its
affiliates, accepts any responsibility or liability whatsoever for, or makes
any representation or warranty, express or implied, as to this announcement,
including the truth, accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company or associated
companies, whether written, oral or in a visual or electronic form, and
howsoever transmitted or made available or for any loss howsoever arising from
any use of the announcement or its contents or otherwise arising in connection
therewith. Winterflood and its affiliates, accordingly disclaim all and any
liability whether arising in tort, contract or otherwise which they might
otherwise be found to have in respect of this announcement or its contents or
otherwise arising in connection therewith.

 

Any indication in this announcement of the price at which the Ordinary Share
have been bought or sold in the past cannot be relied upon as a guide to
future performance. Persons needing advice should consult an independent
financial adviser. No statement in this announcement is intended to be a
profit forecast and no statement in this announcement should be interpreted to
mean that earnings or target dividend per share of the Company for the current
or future financial years would necessarily match or exceed the historical
published earnings or dividends per share of the Company.

 

Neither the content of the Company's website (or any other website) nor the
content of any website accessible from hyperlinks on the Company's website (or
any other website) is incorporated into or forms part of this announcement.
The Shares to be issued or sold pursuant to the WRAP Retail Offer will not be
admitted to trading on any stock exchange other than the London Stock
Exchange.

 

 

 


APPENDIX - SUPPLEMENTAL INFORMATION

1.                                         Statutory Statements

 

1.1.                                                                    
                                        If you are in any doubt about the
contents of this information document, you should consult your stockbroker,
bank manager, solicitor, accountant or financial adviser.

 

1.2.                                                                    
                                        It should be remembered that the
price of shares and the income from them can go down as well as up and that
shareholder may not receive, on sale or the cancellation or redemption of
their shares, the amount that they invested.

 

1.3.                                                                    
                                        Applicants are strongly recommended
to read and consider this document before completing an application.

 

1.4.                                                                    
                             The Jersey Financial Services Commission (the "
                    JFSC                    ") has given, and has not
withdrawn, its consent under Article 2 of the Control of Borrowing (Jersey)
Order 1958, as amended, to the issue of securities in the Company. The Placing
and Retail WRAP Offer announcement documentation together with this
Supplemental Information and the documents expressly identified in 3.8 below
(together the "                     Information Memorandum                   
") has been prepared (subject to certain derogations) and a copy of it has
been sent to the JFSC, in accordance with the Collective Investment Funds
(Certified Funds - Prospectuses) (Jersey) Order 2012. It must be distinctly
understood that, in giving these consents, neither the Registrar of Companies
nor the JFSC takes any responsibility for the financial soundness of the
Company or for the correctness of any statements made, or opinions expressed,
with regard to it. The JFSC is protected by the Control of Borrowing (Jersey)
Law 1947, as amended, against liability from the discharge of its functions
under that law.

 

1.5.                                                                    
                                        The Company has been granted a
certificate under the Collective Investment Funds (Jersey) Law 1988 (as
amended) (the "                     Jersey Funds Law                    '').
The JFSC is protected by the Jersey Funds Law against liability arising from
the discharge of its functions under the Jersey Funds Law. JTC Fund Solutions
(Jersey) Limited                     (administrator and company secretary to
the Company) is registered for the conduct of trust company business and fund
services business under Article 9 of the Financial Services (Jersey) Law 1998
(the "                     FS Law                    "). The Registrar is
registered to conduct fund services business under Article 9 of the FS Law.
The JFSC is protected by the FS Law against liability arising from the
discharge of its functions under that law.

 

1.6.                                                                    
                                        The Company was established in
Jersey as a listed fund under a fast-track authorisation process. For the
purposes of Jersey regulation, it is suitable therefore only for professional
or experienced investors, or those who have taken appropriate professional
advice. Regulatory requirements which may be deemed necessary in Jersey for
the protection of retail or inexperienced investors, do not apply to listed
funds. By investing in the Company investors are deemed to be acknowledging
for the purposes of Jersey regulation that they are a professional or
experienced investor, or have taken appropriate professional advice, and
accept the reduced requirements accordingly. Investors are wholly responsible
for ensuring that all aspects of the Company are acceptable to them.
Investment in listed funds may involve special risks that could lead to a loss
of all or a substantial portion of such investment. Unless investors fully
understand and accept the nature of the Company and the potential risks
inherent in the Company they should not invest in the Company. Further
information in relation to the regulatory treatment of listed funds domiciled
in Jersey may be found on the website of the JFSC at                     
www.jerseyfsc.org                    .

 

1.7.                                                                    
                             The Company and its directors have taken all
reasonable care to ensure that the facts stated in the Information Memorandum
are true and accurate in all material respects and that there are no other
material facts the omission of which would make misleading any statement in
the Information Memorandum, whether of fact or opinion. The Company and its
directors accept responsibility accordingly.

 

2. General Information

 

Directors                                         (all non-executive)

Timothy Scholefield (Chair)

Heather MacCallum

Christine Johnson

Caroline Dutot

Arun K Sarwal

 

3. Registered Office of the Company

 

3.1.                                                                    
                                                   JTC Fund Solutions
(Jersey) Limited, 28 Esplanade, St. Helier, JE2 3QA, Jersey.

 

3.2.                                                                    
                                        The register of members can be
inspected at the registered office of the Company.

 

3.3.                                                                    
                                        The Company is a closed-ended
public investment company limited by shares and incorporated and domiciled in
Jersey, Channel Islands. The Company is regulated by the JFSC. The Company is
subject to the listing rules of the London Stock Exchange                   
and the United Kingdom Disclosure Transparency and Rules and operates under
the Companies (Jersey) Law 1991.

 

3.4.                                                                    
                                        The principal activity of the
Company is investment in a diversified portfolio of high-yielding
fixed-interest securities as set out in the Company's investment objective and
policy.

 

3.5.                                                                    
                                        The new Shares are ordinary shares
with no par value, whose ISIN is JE00B6RMDP68. As at 27 February 2026         
          being the latest practicable date prior to this publication, the
Company had 242,379,323 fully paid Shares of no par value with voting rights
in issue. The Company does not have a finite life.           

 

3.6.                                                                    
                                        The new Shares will rank equally in
all respects (including voting rights) with each other and the existing Shares
in issue other than in respect of dividends declared prior to issue. In
summary, the rights attaching to the Shares are:

 

(a)                                                 
Dividend                    : Subject to the provisions of the Companies
(Jersey) Law 1991, the Company may from time to time declare dividends and
make other distributions on the Shares;

 

(b)                                                 Rights in
respect to capital                    : on a winding-up, the liquidator may,
subject to the provisions of the Companies (Jersey) Law 1991, and with the
sanction of a special resolution of the Company and any other sanction
required by the Companies (Jersey) Law 1991, divide among the Shareholders the
whole or any part of the assets of the Company;

 

(c)                                                  Voting 
                  : the right to receive notice of, attend and vote at general
meetings of the Company. On a show of hands, every Shareholder shall have one
vote and on a poll, every Shareholder shall have one vote for each Share held;
and

 

(d)                                      The Company's annual
report and financial statements are prepared up to 31 December each year and
ordinarily copies are sent to Shareholders within three months of the
year-end. The Company's annual accounting reference date is 31 December and
the Company's current accounting period will end on 31 December 2026.
Shareholders also receive an unaudited half-year report covering the six
months to 30 June each year which is usually despatched within two months of
that date. The Company's next unaudited half-year report will cover the period
running from 1 January 2026 to 30 June 2026.

 

Other Information available in respect of the Company:

3.7.                                                                    
                                        Applicants may also wish to refer
to information contained in the website maintained by Invesco Fund Managers
Limited in respect of the Company (link below) (                     Website  
                 ) which includes further details in respect of the directors,
prior prospectuses issued by the Company and financial accounts (which
includes details of service providers and advisors).           

https://www.invesco.com/uk/en/investment-trusts/invesco-bond-income-plus-limited.html

3.8.                     In particular, Applicants should refer to the
following information and documentation on the Website which forms part of the
Information Memorandum:

Key Information Document                     :

https://www.invesco.com/content/dam/invesco/uk/en/product-documents/investment-trust/fund/other-documents/invesco-bond-income-plus-limited-ordinary-shares-kid_en-uk.pdf

Biographies of the Directors:

https://www.invesco.com/uk/en/investment-trusts/invesco-bond-income-plus-limited.html

Alternative Investment Fund Managers Directive (AIFMD) investor information in
respect of the Company:

https://www.invesco.com/content/dam/invesco/uk/en/product-documents/investment-trust/fund/aifmd/invesco-bond-income-plus-limited_aifmd_en-uk.pdf

Latest half year report                    :

https://www.invesco.com/content/dam/invesco/uk/en/product-documents/investment-trust/fund/interim-financial-report/invesco-bond-income-plus-limited_half-yearly-financial-report-2025_en-uk.pdf

Latest Annual Financial Report (2024):                                        
           
https://www.invesco.com/content/dam/invesco/uk/en/product-documents/investment-trust/fund/annual-financial-report/invesco-bond-income-plus-limited_annual-financial-report-2024_en-uk.pdf

Articles of Association                    :

https://www.invesco.com/content/dam/invesco/uk/en/product-documents/investment-trust/fund/corporate/invesco-bond-income-plus-limited-2025-articles-of-association_en-uk.pdf

 



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