VCV CEF — Invesco California Value Municipal Income Trust

Invesco California Value Municipal Income Trust (VCV)

Updated November 12, 2026.

VCV is a CEF. Its distribution rate is 8.25%, its trailing-12-month yield is 8.30%. Dividend Vision Distribution Safety Score™ is 67/100 (Generally safe). Total return is 400.6% over the past 33.4 years, 2564.2 points behind SPY at 2964.8%.

At the current 8.25% distribution rate, a $10,000 investment would generate approximately $825 per year, or $68.75 per month.

VCV performance versus SPY

As of Nov 12, 2026

Total return is 400.6% over the past 33.4 years, 2564.2 points behind SPY at 2964.8%. Over the past year its total return — price change plus distributions reinvested — is -10.0%. Its deepest 1-year drawdown was 18.9%.

VCV key facts

Distribution Safety Score™

67 · Generally safe

Safety-Adjusted Yield

5.53%

Issuer

Invesco

Asset type

CEF

Asset class

Fixed Income

Distribution rate

8.25%

Distribution frequency

Monthly

Trailing yield

8.30%

5-year average yield

5.48

Last close

$9.40 (as of 2026-11-12)

NAV

N/A

Premium / discount

Premium not shown · NAV date unknown

Market cap

$454,803,072

Average volume

142,203

Dividend

$0.0646

Ex-dividend date

11/16/2026

Payment date

11/30/2026

Beta

0.781

Expense ratio and AUM unavailable in this published snapshot. Missing values do not mean zero or complete coverage. ?

How Dividend Vision calculates yield and returns

Distribution rate (8.25%) uses latest regular dividend ($0.0646) × 12 ÷ market price dated 2026-11-12; one-off specials excluded; identified recurring supplementals included. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (8.30%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Invesco or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

VCV risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 18.9%.

Who may consider VCV — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on VCV

• CEFs going ex-dividend this week
• All tickers starting with V

Tagged: Bonds, CEF, Tax Efficient.

Frequently asked questions

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