SteelPath Funds Remediation, LLC

ATTENTION: The check-reissuance period will close effective October 11, 2022. Please submit reissuance requests before October 11, 2022 to ensure it is received in advance of the cut-off date. The check-cashing period will end on November 14, 2022. Any checks NOT cashed by close of business on November 14, 2022 are considered forfeited. Outstanding checks will be VOIDED and you will NOT BE ABLE to claim funds in the future.

NOTE: Checks not presented for payment on or before November 14, 2022 will be marked void at the disbursement bank. Please DO NOT try to negotiate a check after November 14, 2022 as the payment will not be negotiable and your bank may charge your account a fee for presenting a void check. Neither the SteelPath Funds Remediation, LLC nor the fund administrator will be responsible for fees that your bank may apply to your account.

Invesco is making remediation payments to eligible shareholders of the following SteelPath MLP Funds determined to have suffered losses as a result of the overstatement of net asset values (“NAVs”) in the Funds during the remediation period from December 1, 2014 to March 6, 2020 (the “Funds”):

Invesco SteelPath MLP Alpha Fund;
Invesco SteelPath MLP Alpha Plus Fund;
Invesco SteelPath MLP Income Fund;
Invesco SteelPath MLP Select 40 Fund.

On March 11, 2020, Invesco announced that it would be restating financial statements for the Fund after it was determined that the historical accounting treatment related to the deferred tax assets (DTA) in the Fund was not consistent with applicable accounting standards. The restatement, resulted from a conclusion that the Fund’s historical NAVs had been overstated. As a result, Invesco concluded that certain shareholders of the Funds between December 1, 2014 and March 6, 2020 (the “Remediation Period”) suffered losses as a result of the overstated NAVs and are eligible for remediation payments.

All payments will be made by check, and sent to the eligible shareholders last-known address. The check you receive is payment in full for your portion of the remediation payment as satisfaction of any claim you may have in connection with this matter.