Exhibit 99.(d)(2)(c)

 

AMENDMENT NO. 2

TO THE

AMENDED AND RESTATED MASTER INTERGROUP SUB-ADVISORY CONTRACT

FOR MUTUAL FUNDS

 

This Amendment No. 2 (this “Amendment”), dated as of December 9, 2025, amends the Amended and Restated Master Intergroup Sub-Advisory Contract for Mutual Funds (the "Contract"), dated July 1, 2020, between Invesco Advisers, Inc. ("Adviser") and each of Invesco Canada Ltd., Invesco Asset Management Limited, Invesco Asset Management (Japan) Ltd., Invesco Hong Kong Limited, Invesco Management S.A., and Invesco Senior Secured Management, Inc. (each a "Sub-Adviser" and, collectively, the "Sub-Advisers").

 

W I T N E S S E T H:

 

WHEREAS, the parties desire to amend the Contract to remove Invesco Environmental Focus Municipal Fund from Exhibit A of the Contract, effective February 24, 2026.

 

NOW, THEREFORE, the parties agree that:

 

1.            Exhibit A to the Contract is hereby deleted in its entirety and replaced with the following:

 

"EXHIBIT A

 

Funds

 

Invesco AMT-Free Municipal Income Fund

Invesco California Municipal Fund

Invesco High Yield Municipal Fund

Invesco Intermediate Term Municipal Income Fund

Invesco Limited Term California Municipal Fund

Invesco Limited Term Municipal Income Fund

Invesco Municipal Income Fund

Invesco New Jersey Municipal Fund

Invesco Pennsylvania Municipal Fund

Invesco Rochester® AMT-Free New York Municipal Fund

Invesco Rochester® Municipal Opportunities Fund

Invesco Rochester® New York Municipals Fund

Invesco Rochester® Limited Term New York Municipal Fund”

 

 

 

 

2.All other terms and provisions of the Contract not amended shall remain in full force and effect.

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed by their officers designated as of the day and year first above written.

 

  INVESCO ADVISERS, INC.
   
  Adviser
   
  By: /s/ Melanie Ringold
  Name: Melanie Ringold
  Title: Senior Vice President & Secretary

 

  

 

 

  INVESCO CANADA LTD.
   
  Sub-Adviser
   
  By: /s/ Shalomi Abraham
  Name: Shalomi Abraham
  Title: Secretary, Head of Legal Canada & Senior Vice President

 

  

 

 

  INVESCO ASSET MANAGEMENT LIMITED
   
  Sub-Adviser
   
  By: /s/ Alan John Trotter
  Name: Alan John Trotter
  Title: Director

 

  

 

 

  INVESCO ASSET MANAGEMENT (JAPAN) LTD.
   
  Sub-Adviser
   
  By: /s/ Takashi Matsuo
  Name: Takashi Matsuo
  Title: CAO

 

 

 

 

  INVESCO HONG KONG LIMITED
   
  Sub-Adviser
   
  By: /s/ Andrew Lo
  Name: Andrew Lo
  Title: Director

 

 

 

 

  INVESCO MANAGEMENT S.A.
   
  Sub-Adviser
   
  By: /s/ Marion Geniaux Peter Carroll
  Name: Marion Geniaux Peter Carroll
  Title: Authorised Signatory

 

 

 

 

  INVESCO SENIOR SECURED MANAGEMENT, INC.
   
  Sub-Adviser
   
  By: /s/ Antonia Reina
  Name: Antonia Reina
  Title: Secretary