At the close of trading on April 17, 2020, Invesco merged $693 million Invesco Oppenheimer Real Estate fund into the $1.2 billion Invesco Real Estate fund. This merger was announced in December 2019 as part of the consolidation of Invesco's fund lineup following its acquisition of OppenheimerFunds in mid-2019 and wasn't expected to be completed until May or June 2020. It happened now in order to allow for a tax-free reorganization of the combined fund, but in order to do that, the two funds made taxable distributions to shareholders totaling about 10% of net asset value. The merger increases the size of Invesco Real Estate by more than 50%, but doesn't change the fund's Morningstar Analyst Rating of Neutral across all share classes.
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