Filed pursuant to Rule
424(b)(3)
SUPPLEMENT DATED MARCH 28, 2024 TO THE
CURRENT
STATUTORY PROSPECTUS
FOR:
Invesco Dynamic Credit
Opportunity Fund
This supplement amends the
Statutory Prospectus of the above referenced fund and is in addition to any other supplement(s), unless otherwise specified. You should read this supplement in conjunction with the Statutory Prospectus and retain it for future reference.
1. The following information is added under the heading “Investment
Objectives and Policies – Investment Policies of the
Fund” in the Prospectus for the Fund:
The Fund may invest a portion of its assets indirectly through one or more wholly-owned subsidiaries organized as a Delaware limited liability company that has elected to be treated as a corporation for U.S. federal income tax purposes (each, a “Blocker Subsidiary,” and together, the “Blocker Subsidiaries”). The Fund may employ a Blocker Subsidiary if it believes it is desirable to do so to comply with the requirements for qualification as a regulated investment company under the Internal Revenue Code of 1986, as amended, such as in connection with equity interests in operating partnerships that may be received as a result of loan restructurings.
2. The following information is added under the heading “Risks” in the Prospectus for the Fund:
For domestic subsidiaries, investments through a wholly-owned domestic entity that is taxable as a corporation for U.S. federal income tax purposes may incur entity-level income taxes on their earnings, which ultimately may reduce the return to shareholders.