IHTA - Principal Real Estate Income Fund Is In Tough Sector With Tax Loss Selling Pressure But Looks Cheap

December, 09 2020 07:00 AM Invesco High Income 2024 Target Term Fund of Beneficial Interest No par value per share

The fund is one of the worst performers in the last year having lost half of its value and deleveraging back in March/April.
The distribution was recently cut to 8 cents per share per month from 11 cents.
An investor who wants to play the commercial real estate income rebound will need an iron stomach to buy these shares. But they are deeply discounted here.
Tax loss selling pressure is weighing on the shares at the moment and will likely continue to do so for the next 45 days.
We think most investors would do well avoiding the fund for now until we have more clarity and get deeper into tax loss selling.

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Company Name:	Invesco High Income 2024 Target Term Fund of Beneficial Interest No par value per share
Stock Symbol:	IHTA
Market:	NYSE