UPDATE (Sep 2026): BIPS produced a NAV total return of +11.7% in 2023, +8.5% in 2024, +8.7% in 2025, and +2.8% in the first half of 2026. Its market cap is now around £500m as it has been a regular issuer of shares in the last few years, due to usually trading at a small premium to NAV. Its share count has risen from 178m in July 2023 to 296m in September 2026. It is targeting an unchanged annual dividend of 12.25p per share for 2026, having paid 11.5p for 2023, 11.6875p for 2024, and 12.25p for 2025

Invesco Bond Income Plus (ticker: BIPS) was created from the 2021 merger of City Merchants Hi...