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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT
INVESTMENT COMPANY
Investment Company Act file number 811-08743 
Invesco Van Kampen Senior Income Trust
(Exact name of registrant as specified in charter)
     
1555 Peachtree Street, N.E., Atlanta, Georgia   30309
 
(Address of principal executive offices)   (Zip code)
Colin Meadows 1555 Peachtree Street, N.E., Atlanta, Georgia 30309
(Name and address of agent for service)
Registrant’s telephone number, including area code: (713) 626-1919
Date of fiscal year end: 2/28
Date of reporting period: 5/31/11
 
 

 


 

Item 1. Schedule of Investments.

 


 

Invesco Van Kampen Senior Income Trust          
Quarterly Schedule of Portfolio Holdings
May 31, 2011
(INVESCO LOGO)
invesco.com/us               VK-CE-SINC-QTR-1  05/11          Invesco Advisers, Inc.

 


 

Schedule of Investments
May 31, 2011
(Unaudited)
                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Variable Rate** Senior Loan Interests 138.9%
                       
       
Aerospace & Defense 3.9%
                       
$ 1,938    
Apptis, Inc. Term Loan   
    6.500 %     12/20/12     $ 1,938,484  
  1,922    
ARINC, Inc. Second Lien Term Loan   
    6.200       10/25/15       1,874,406  
  2,335    
DynCorp International, LLC Term Loan B   
    6.250       07/05/16       2,353,698  
  5,711    
IAP Worldwide Services, Inc. First Lien Term Loan (a)  
    8.250       12/30/12       5,715,981  
  1,785    
IAP Worldwide Services, Inc. Second Lien Term Loan (a)  
    12.500       06/28/13       1,896,695  
  2,616    
Primus International, Inc. Term Loan B  
    5.500       06/06/14       2,622,587  
  5,274    
Sequa Corp. Term Loan   
    3.500       12/03/14       5,215,423  
  1,285    
SI Organization, Inc. New Term Loan B   
    4.500       11/22/16       1,296,360  
  4,713    
TASC, Inc. Term Loan B   
    4.500       12/18/15       4,737,154  
  987    
Transdigm, Inc. Term Loan B   
    4.000       02/14/17       992,059  
  4,505    
Vangent, Inc. Term Loan B   
    2.260       02/14/13       4,448,935  
  2,347    
Wyle Services Corp. Term Loan B   
    5.750       03/27/17       2,356,616  
       
 
                     
       
 
                    35,448,398  
       
 
                     
       
 
                       
       
Air Transport 0.8%
                       
  2,893    
Delta Air Lines, Inc. New Term Loan B   
    5.500       04/20/17       2,867,766  
  4,495    
Delta Air Lines, Inc. Term Loan B   
    4.250       03/07/16       4,417,424  
       
 
                     
       
 
                    7,285,190  
       
 
                     
       
 
                       
       
Automotive 5.6%
                       
  16,144    
Federal-Mogul Corp. Term Loan B   
    2.150       12/29/14       15,589,731  
  172    
Federal-Mogul Corp. Term Loan C   
    2.140       12/28/15       165,921  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Automotive (continued) 
                       
$ 6,917    
Ford Motor Co. Term Loan   
    2.950 %     12/16/13     $ 6,928,676  
  1,497    
Hertz Corp. (The) Letter of Credit   
    3.750       03/09/18       1,478,763  
  7,126    
Hertz Corp. (The) Term Loan B   
    3.750       03/09/18       7,135,436  
  6,963    
KAR Holdings, Inc. Term Loan B   
    5.000       05/19/17       7,018,314  
  4,272    
Key Safety Systems, Inc. First Lien Term Loan   
    2.440       03/08/14       4,052,691  
  1,669    
Metaldyne Co., LLC New Term Loan B   
    5.250       05/18/17       1,673,867  
  611    
Performance Transportation Services, Inc. Letter of Credit (b)(c)(d)  
    3.250       01/26/12       147,674  
  420    
Performance Transportation Services, Inc. Term Loan (b)(c)(d)  
    7.500       01/26/12       101,407  
  5,764    
Pinafore, LLC Term Loan B   
    4.250       09/29/16       5,787,832  
       
 
                     
       
 
                    50,080,312  
       
 
                     
       
 
                       
       
Beverage & Tobacco 1.6%
                       
  9,985    
DS Waters of America, Inc. Term Loan B   
    2.441       10/27/12       9,735,729  
  4,950    
DSW Holdings, Inc. Term Loan   
    4.191       03/02/12       4,739,625  
       
 
                     
       
 
                    14,475,354  
       
 
                     
       
 
                       
       
Building & Development 5.0%
                       
  1,040    
Axia Acquisition Corp. Second Lien Term Loan A (a)(i)  
    11.000       03/11/16       909,870  
  1,918    
Axia Acquisition Corp. Second Lien Term Loan B (i)  
    5.000       03/12/16       1,582,195  
  1,733    
Building Materials Holding Corp. Second Lien Term Loan (a)  
    8.000       01/05/15       1,555,764  
  8,718    
Capital Automotive, LP New Term Loan B   
    5.000       03/10/17       8,719,403  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Building & Development (continued) 
                       
$ 1,021    
CB Richard Ellis Services, Inc. New Term Loan B   
    3.454 %     11/06/16     $ 1,024,004  
  1,506    
CPG International, Inc. Term Loan B   
    6.000       02/18/17       1,513,758  
  3,759    
Custom Building Products, Inc. Term Loan B   
    5.750       03/19/15       3,782,594  
  2,500    
El Ad IDB Las Vegas, LLC Term Loan A1   
    2.956       08/09/12       1,375,000  
  4,714    
Ginn LA CS Borrower, LLC First Lien Term A Credit Linked (c)  
    7.750       06/08/11       388,929  
  10,106    
Ginn LA CS Borrower, LLC First Lien Term Loan (c)  
    6.196       06/08/11       833,721  
  6,000    
Ginn LA CS Borrower, LLC Second Lien Term Loan (c)  
    10.196       06/08/12       30,000  
  2,200    
Kyle Acquisition Group, LLC Term Loan B (c)(e)  
    5.750       07/20/09       242,000  
  3,000    
Kyle Acquisition Group, LLC Term Loan C (c)  
    4.000       07/20/11       330,000  
  106    
Lake At Las Vegas Joint Venture, LLC Exit Revolving Credit Agreement (a)(f)  
    9.300       12/31/12       104,746  
  1,207    
NLV Holdings, LLC First Lien Term Loan (a)(c)(e)(k)  
    5.750       03/31/11       267,627  
  2,490    
NLV Holdings, LLC Second Lien Term Loan (a)(c)(k)  
    5.250       05/09/12       18,796  
  1,393    
Nortek, Inc. Term Loan   
    5.250       04/26/17       1,397,786  
  688    
Realogy Corp. Extended Letter of Credit   
    4.644       10/10/16       642,195  
  13,407    
Realogy Corp. Extended Term Loan   
    4.518       10/10/16       12,509,892  
  1,007    
Realogy Corp. Letter of Credit   
    3.244       10/10/13       961,736  
  1,467    
Realogy Corp. Term Loan   
    3.268       10/10/13       1,401,480  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                  
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Building & Development (continued)
                       
$ 659    
Re/Max International, Inc. Term Loan   
    5.500 %     04/15/16     $ 662,330  
  1,908    
South Edge, LLC Term Loan A (c)(e)  
    5.250       10/31/08       1,646,335  
  2,000    
South Edge, LLC Term Loan C (c)(e)  
    5.500       10/31/09       1,725,710  
  2,400    
Tamarack Resorts, LLC Credit Lined Note A (c)(e)  
    8.051       05/19/11       72,000  
  497    
Tamarack Resorts, LLC Term Loan (c)(e)  
    20.250       07/02/09       447,833  
  3,546    
Tamarack Resorts, LLC Term Loan B (c)(e)  
    7.500       05/19/11       106,380  
  1,085    
WCI Communities, Inc. PIK Term Loan (a)  
    10.000       09/02/16       1,058,099  
       
 
                     
       
 
                    45,310,183  
       
 
                     
       
 
                       
       
Business Equipment & Services 10.8%
                       
  8,707    
Affinion Group, Inc. Term Loan B   
    5.000       10/10/16       8,724,660  
  9,257    
Asurion Corp. First Lien Term Loan   
    5.500       05/24/18       9,192,331  
  5,048    
Asurion Corp. Second Lien Term Loan   
    9.000       05/24/19       5,109,400  
  200    
Bright Horizons Family Solutions, Inc. Revolving Credit Agreement (f)   
    5.500       05/28/14       199,230  
  2,387    
Bright Horizons Family Solutions, Inc. Term Loan B   
    7.500       05/28/15       2,398,166  
  2,621    
Brock Holdings III, Inc. Term Loan B   
    6.000       03/16/17       2,642,171  
  581    
CCC Information Services, Inc. Term Loan B   
    5.500       11/11/15       584,734  
  1,396    
Crawford & Co. Term Loan  
    5.000       10/30/13       1,398,685  
  2,155    
Dealer Computer Services, Inc. Term Loan B   
    3.750       04/20/18       2,162,093  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Business Equipment & Services (continued) 
                       
$ 1,686    
First Data Corp. Delayed Draw Term Loan   
    2.945 %     09/24/14     $ 1,578,576  
  10,957    
First Data Corp. Term Loan B1   
    2.945       09/24/14       10,278,084  
  11,073    
First Data Corp. Term Loan B2   
    2.945       09/24/14       10,390,580  
  5,579    
First Data Corp. Term Loan B3   
    2.945       09/24/14       5,229,755  
  3,781    
Interactive Data Corp. Term Loan B   
    4.750       02/12/18       3,794,696  
  3,243    
iPayment, Inc. Term Loan   
    5.750       05/08/17       3,266,099  
  2,025    
Kronos, Inc. Initial Term Loan   
    2.057       06/11/14       2,000,629  
  1,540    
Kronos, Inc. Second Lien Term Loan   
    6.057       06/11/15       1,508,966  
  3,897    
Mitchell International, Inc. Second Lien Term Loan   
    5.563       03/30/15       3,607,686  
  8,038    
NCO Financial Systems Term Loan B   
    8.000       05/15/13       8,013,516  
  4,575    
Nielsen Finance, LLC Class C Term Loan   
    3.456       05/02/16       4,573,776  
  1,886    
SMG Holdings, Inc. Term Loan B   
    3.330       07/27/14       1,837,933  
  488    
SunGard Data Systems, Inc. Add on Term Loan   
    3.710       02/28/14       490,610  
  7,112    
SunGard Data Systems, Inc. Term Loan B   
    3.873       02/26/16       7,142,685  
  1,281    
Verint Systems, Inc. Term Loan B   
    4.500       10/27/17       1,287,430  
  354    
Vertafore, Inc. Term Loan   
    5.250       07/29/16       356,361  
       
 
                     
       
 
                    97,768,852  
       
 
                     
       
 
                       
       
Cable & Satellite Television 4.7%
                       
  1,339    
Bresnan Broadband Holdings, LLC Term Loan B   
    4.500       12/14/17       1,347,833  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                  
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Cable & Satellite Television (continued) 
                       
$ 14,302    
Charter Communications Operating, LLC Extended Term Loan   
    3.560 %     09/06/16     $ 14,340,103  
  4,000    
Charter Communications Operating, LLC Third Lien Term Loan   
    2.691       09/06/14       3,964,000  
  2,960    
CSC Holdings, Inc. Incremental B-2 Term Loan   
    2.059       03/29/16       2,967,247  
  2,330    
Knology, Inc. Term Loan B   
    4.000       08/18/17       2,336,996  
  3,820    
MCC Iowa, LLC Term Loan D-2   
    1.920       01/31/15       3,710,489  
  1,485    
MCC Iowa, LLC Term Loan F   
    4.500       10/23/17       1,489,378  
  2,298    
Mediacom Illinois, LLC Term Loan C   
    1.920       01/31/15       2,202,495  
  2,097    
Mediacom Illinois, LLC Term Loan D   
    5.500       03/31/17       2,112,741  
  1,571    
Mediacom Illinois, LLC Term Loan E   
    4.500       10/23/17       1,573,325  
  3,236    
Midcontinent Communications Term Loan B   
    4.000       12/31/16       3,254,335  
  1,346    
NDS Finance Limited Term Loan B   
    4.000       03/12/18       1,349,414  
  1,856    
UPC Broadband Holding, B.V. Term Loan T (Netherlands)   
    3.711       12/30/16       1,860,685  
       
 
                     
       
 
                    42,509,041  
       
 
                     
       
 
                       
       
Chemicals & Plastics 4.5%
                       
  1,998    
Armored AutoGroup Inc. Term Loan   
    6.000       11/04/16       2,006,275  
  2,400    
Brenntag Holdings GmbH & Co. Second Lien Term Loan (Germany)   
    6.433       07/17/15       2,414,004  
  2,853    
Cristal Inorganic Chemicals US, Inc. First Lien Term Loan   
    2.557       05/15/14       2,852,172  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Chemicals & Plastics (continued) 
                       
$ 338    
Hexion Specialty Chemicals Inc. Extended Term Loan C1   
    4.000 %     05/05/15     $ 335,011  
  233    
Hexion Specialty Chemicals Inc. Extended Term Loan C2   
    4.063       05/05/15       230,825  
  299    
Hexion Specialty Chemicals, Inc. Extended Term Loan C4   
    4.060       05/05/15       299,265  
  2,469    
Hexion Specialty Chemicals, Inc. Extended Term Loan C5   
    4.063       05/05/15       2,469,273  
  2,147    
Houghton International, Inc. Term Loan B   
    6.750       01/29/16       2,164,266  
  1,448    
Huntsman International, LLC Extended Term Loan B   
    2.773       04/19/17       1,432,471  
  2,614    
Huntsman International, LLC Term Loan C   
    2.463       06/30/16       2,581,074  
  6,548    
MetoKote Corp. Term Loan Refinance   
    9.000       11/27/11       6,531,888  
  3,729    
Nalco Co. Term Loan B1   
    4.500       10/05/17       3,765,186  
  1,879    
Nusil Technology, LLC New Term Loan B   
    5.250       04/07/17       1,887,816  
  425    
OMNOVA Solutions, Inc. Term Loan B   
    5.750       05/31/17       430,138  
  770    
Potters Holdings II, LP First Lien Term Loan   
    6.000       05/05/17       775,266  
  3,120    
PQ Corp. Term Loan B   
    3.510       07/30/14       3,054,982  
  928    
Rockwood Specialties Group, Inc. Term Loan B   
    3.750       02/09/18       935,992  
  6,845    
Univar, Inc. Term Loan B   
    5.000       06/30/17       6,856,264  
       
 
                     
       
 
                    41,022,168  
       
 
                     
       
 
                       
       
Clothing/Textiles 0.9%
                       
  4,850    
Levi Strauss & Co. Term Loan   
    2.442       03/27/14       4,769,175  
  1,444    
Phillips-Van Heusen Corp. Term Loan B   
    3.500       05/06/16       1,463,010  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Clothing/Textiles (continued) 
                       
$ 2,429    
Varsity Brands, Inc. Term Loan B   
    2.770 %     02/22/14     $ 2,271,324  
       
 
                     
       
 
                    8,503,509  
       
 
                     
       
 
                       
       
Conglomerates 1.0%
                       
  4,662    
Goodman Global Holdings, Inc. First Lien Term Loan   
    5.750       10/28/16       4,702,873  
  568    
Goodman Global Holdings, Inc. Second Lien Term Loan   
    9.000       10/30/17       587,062  
  167    
RGIS Holdings, LLC Delayed Draw Term Loan   
    2.805       04/30/14       164,734  
  3,349    
RGIS Holdings, LLC Term Loan B   
    2.807       04/30/14       3,294,681  
       
 
                     
       
 
                    8,749,350  
       
 
                     
       
 
                       
       
Containers & Glass Products 4.9%
                       
  3,372    
Anchor Glass Container Corp. First Lien Term Loan   
    6.000       03/02/16       3,402,764  
  1,425    
Anchor Glass Container Corp. Second Lien Term Loan   
    10.000       09/02/16       1,460,924  
  3,389    
Berlin Packaging, LLC Term Loan   
    3.260       08/17/14       3,323,036  
  3,778    
Berry Plastics Group, Inc. Term Loan C   
    2.260       04/03/15       3,639,500  
  2,101    
BWAY Corp. Term Loan B   
    4.500       02/23/18       2,109,200  
  187    
BWAY Corp. Term Loan C   
    4.500       02/23/18       187,262  
  6,732    
Graham Packaging Co., L.P. Term Loan C   
    6.750       04/05/14       6,765,874  
  2,907    
Graham Packaging Co., L.P. Term Loan D   
    6.000       09/23/16       2,922,363  
  213    
Kranson Industries, Inc. Revolving Credit Agreement (f)  
    4.500       07/31/13       206,169  
  5,923    
Kranson Industries, Inc. Term Loan B   
    2.460       07/31/13       5,767,524  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Containers & Glass Products (continued) 
                       
$ 2,022    
Pertus Sechszehnte GmbH Term Loan B2 (Germany)   
    2.568 %     06/12/15     $ 1,922,627  
  2,022    
Pertus Sechszehnte GmbH Term Loan C2 (Germany)   
    2.818       06/13/16       1,932,740  
  770    
Ranpak Corp. Term Loan   
    4.750       04/20/17       775,285  
  9,380    
Reynolds Group Holdings Inc. Term Loan E   
    4.250       02/09/18       9,397,213  
  825    
Tegrant Corp. Second Lien Term Loan   
    5.810       03/08/15       746,625  
       
 
                     
       
 
                    44,559,106  
       
 
                     
       
 
                       
       
Cosmetics/Toiletries 1.9%
                       
  682    
Bausch And Lomb, Inc. Delayed Draw Term Loan   
    3.441       04/24/15       681,884  
  2,806    
Bausch And Lomb, Inc. Term Loan   
    3.531       04/24/15       2,804,846  
  4,171    
Huish Detergents, Inc. Term Loan B   
    2.200       04/26/14       4,029,764  
  393    
KIK Custom Products, Inc. Canadian Term Loan   
    2.530       06/02/14       347,743  
  2,290    
KIK Custom Products, Inc. First Lien Term Loan   
    2.530       06/02/14       2,028,501  
  4,000    
KIK Custom Products, Inc. Second Lien Term Loan   
    5.273       11/30/14       2,997,140  
  1,662    
Marietta Intermediate Holding Corp. Term Loan B (a)  
    8.000       02/19/15       1,512,171  
  1,806    
Prestige Brands, Inc. Term Loan B   
    4.750       03/24/16       1,818,547  
  1,298    
Revlon Consumer Products Corp. New Term Loan B   
    4.750       11/17/17       1,302,789  
       
 
                     
       
 
                    17,523,385  
       
 
                     
       
 
                       
       
Drugs 2.0%
                       
  6,292    
Grifols, Inc. Term Loan B   
    6.000       11/23/16       6,357,383  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Drugs (continued) 
                       
$ 2,374    
Nyco Holdings 2 Aps Term Loan B2 (Denmark)   
    3.941 %     12/29/14     $ 2,367,376  
  2,373    
Nyco Holdings 2 Aps Term Loan C2 (Denmark)   
    4.691       12/29/15       2,378,735  
  89    
Nyco Holdings 3 Aps Facility A1  (Denmark)  
    3.191       12/29/13       88,954  
  460    
Nyco Holdings 3 Aps Facility A2 (Denmark)   
    3.191       12/29/13       459,071  
  14    
Nyco Holdings 3 Aps Facility A3 (Denmark)   
    3.191       12/29/13       14,324  
  9    
Nyco Holdings 3 Aps Facility A4 (Denmark)   
    3.191       12/29/13       9,125  
  65    
Nyco Holdings 3 Aps Facility A5 (Denmark)   
    3.191       12/29/13       64,518  
  2,923    
Warner Chilcott Co., LLC New Term Loan B1   
    4.250       03/15/18       2,933,767  
  1,462    
Warner Chilcott Co., LLC New Term Loan B2   
    4.250       03/15/18       1,466,883  
  2,010    
Warner Chilcott Co., LLC New Term Loan B3   
    4.250       03/15/18       2,016,965  
       
 
                     
       
 
                    18,157,101  
       
 
                     
       
 
                       
       
Ecological Services & Equipment 1.6%
                       
  1,573    
Environmental Systems Products Holdings, Inc. Second Lien Term Loan   
    13.500       09/12/14       1,573,373  
  1,284    
Sensus USA, Inc. First Lien Term Loan   
    4.750       05/09/17       1,292,142  
  688    
Sensus USA, Inc. Second Lien Term Loan   
    8.500       05/09/18       701,084  
  559    
ServiceMaster Co. Delayed Draw Term Loan   
    2.700       07/24/14       546,230  
  2,698    
ServiceMaster Co. Letter of Credit   
    2.782       07/24/14       2,638,622  
  5,609    
ServiceMaster Co. Term Loan   
    2.740       07/24/14       5,485,057  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Ecological Services & Equipment (continued) 
                       
$ 1,100    
Synagro Technologies, Inc. Second Lien Term Loan   
    4.950 %     10/02/14     $ 1,013,375  
  911    
Synagro Technologies, Inc. Term Loan B   
    2.200       04/02/14       865,056  
       
 
                     
       
 
                    14,114,939  
       
 
                     
       
 
                       
       
Electronics/Electrical 4.6%
                       
  3,575    
Aeroflex, Inc. Term Loan B-1   
    4.250       05/09/18       3,583,735  
  1,146    
Bentley Systems, Inc. Term Loan B   
    5.750       12/29/16       1,152,070  
  6,754    
CDW, Corp. Extended Term Loan B   
    4.500       07/14/17       6,743,456  
  2,339    
CommScope, Inc. Term Loan B   
    5.000       01/14/18       2,356,137  
  1,198    
Datatel, Inc. Extended First Lien Term Loan   
    5.000       02/20/17       1,203,005  
  7,199    
Freescale Semiconductor, Inc. Extended Term Loan B   
    4.461       12/01/16       7,181,963  
  2,143    
Infor Enterprise Solutions Holdings, Inc. Extended Delayed Draw Term Loan   
    5.950       07/28/15       2,098,690  
  4,108    
Infor Enterprise Solutions Holdings, Inc. Extended Initial Term Loan   
    5.950       07/28/15       4,022,489  
  701    
Matinvest 2 SAS Term Loan B2  (France)  
    3.464       06/23/14       694,711  
  701    
Matinvest 2 SAS Term Loan C2 (France)   
    4.214       06/22/15       697,990  
  1,168    
Microsemi Corp. Term Loan B   
    4.000       11/02/17       1,174,210  
  6,176    
Open Solutions, Inc. Term Loan B   
    2.395       01/23/14       5,438,491  
  232    
Proquest CSA, LLC Term Loan   
    3.800       02/09/14       232,408  
  1,134    
Sensata Technologies Finance Co., LLC New Term Loan   
    4.000       05/11/18       1,137,728  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Electronics/Electrical (continued) 
                       
$ 3,909    
Spectrum Brands, Inc. Term Loan B   
    5.000 %     06/17/16     $ 3,948,711  
       
 
                     
       
 
                    41,665,794  
       
 
                     
       
 
                       
       
Farming/Agriculture 0.6%
                       
  3,481    
WM. Bolthouse Farms, Inc. New First Lien Term Loan   
    5.500       02/11/16       3,508,036  
  1,773    
WM. Bolthouse Farms, Inc. New Second Lien Term Loan   
    9.500       08/11/16       1,800,054  
       
 
                     
       
 
                    5,308,090  
       
 
                     
       
 
                       
       
Financial Intermediaries 4.9%
                       
  5,400    
Fidelity National Information Solutions, Inc. Term Loan B   
    5.250       07/18/16       5,433,914  
  3,242    
Fifth Third Processing Solutions, LLC Term Loan B1   
    4.500       11/03/16       3,250,616  
  4,317    
Grosvenor Capital Management Holdings, LLP Extended Term Loan C   
    4.250       12/05/16       4,317,289  
  4,998    
LPL Holdings, Inc. Extended Term Loan   
    4.250       06/25/15       5,038,726  
  622    
LPL Holdings, Inc. Term Loan D   
    2.020       06/28/13       625,618  
  1,526    
MoneyGram International, Inc. Term Loan B   
    4.500       11/17/17       1,534,569  
  7,758    
Nuveen Investments, Inc. Extended Term Loan   
    5.790       05/12/17       7,806,249  
  6,212    
Nuveen Investments, Inc. Term Loan   
    3.292       11/13/14       6,136,773  
  74    
RJO Holdings Corp. FCM Term Loan   
    6.210       12/10/15       67,021  
  3,472    
RJO Holdings Corp. HoldCo Term Loan B   
    6.210       12/10/15       2,738,437  
  1,830    
Trans Union, LLC Term Loan B   
    4.750       02/12/18       1,841,124  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Financial Intermediaries (continued) 
                       
$ 2,654    
Transfirst Holdings, Inc. Second Lien Term Loan (a)  
    6.310 %     06/15/15     $ 2,514,973  
  2,872    
Transfirst Holdings, Inc. Term Loan B   
    3.060       06/15/14       2,808,817  
       
 
                     
       
 
                    44,114,126  
       
 
                     
       
 
                       
       
Food Products 4.5%
                       
  1,335    
Acosta, Inc. Term Loan B   
    4.750       03/01/18       1,339,517  
  893    
Advantage Sales & Marketing, Inc. Second Lien Term Loan   
    9.250       06/18/18       912,111  
  2,661    
Advantage Sales & Marketing, Inc. Term Loan B   
    5.250       12/18/17       2,675,319  
  1,923    
Dean Foods Co. Extended Term Loan B1   
    3.560       04/02/16       1,902,732  
  1,629    
Dean Foods Co. Extended Term Loan B2   
    3.720       04/02/17       1,609,538  
  8,133    
Del Monte Foods Co. New Term Loan   
    4.500       03/08/18       8,142,824  
  1,856    
Dole Food Co. Inc. Term Loan B   
    5.050       03/02/17       1,868,832  
  4,610    
Dole Food Co. Inc. Term Loan C   
    5.090       03/02/17       4,641,710  
  2,637    
Farley’s & Sathers Candy Co., Inc. Term Loan   
    6.500       03/30/18       2,656,620  
  7,015    
Pierre Foods, Inc. First Lien Term Loan   
    7.000       09/30/16       7,111,789  
  587    
Pierre Foods, Inc. Second Lien Term Loan   
    11.250       09/29/17       604,081  
  5,694    
Pinnacle Foods Holdings Corp. Term Loan B   
    2.711       04/02/14       5,661,426  
  1,258    
Pinnacle Foods Holdings Corp. Term Loan D   
    6.000       04/02/14       1,274,344  
       
 
                     
       
 
                    40,400,843  
       
 
                     
       
 
                       
       
Food Service 2.0%
                       
  6,078    
Burger King Corp. Term Loan B   
    4.500       10/19/16       6,073,205  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Food Service (continued) 
                       
$ 1,971    
Center Cut Hospitality, Inc. Term Loan   
    9.250 %     07/06/14     $ 1,959,884  
  212    
Darling International Inc. Term Loan   
    5.000       12/16/16       214,376  
  3,439    
Dunkin’ Brands, Inc. Term Loan B   
    4.250       11/23/17       3,449,277  
  3,451    
NPC International, Inc. Term Loan B   
    1.960       05/03/13       3,433,928  
  213    
OSI Restaurant Principaltners, LLC Revolving Credit Agreement   
    3.540       06/14/13       207,640  
  2,199    
OSI Restaurant Principaltners, LLC Term Loan B   
    2.500       06/14/14       2,142,274  
  16    
Sbarro, Inc. Delayed Draw Term Loan  (f)  
    4.750       10/05/11       16,510  
  36    
Sbarro, Inc. DIP Term Loan   
    8.750       10/05/11       36,321  
  8    
Sbarro, Inc. Second Lien Term Loan   
    8.750       10/05/11       7,704  
  733    
Wendy’s/Arby’s Restaurants, LLC Term Loan B   
    5.000       05/24/17       736,851  
       
 
                     
       
 
                    18,277,970  
       
 
                     
       
 
                       
       
Food/Drug Retailers 3.9%
                       
  5,259    
General Nutrition Centers, Inc. Term Loan B   
    4.250       03/02/18       5,273,250  
  3,822    
NBTY, Inc. Term Loan B   
    4.250       10/02/17       3,826,163  
  130    
Pantry, Inc. (The) Delayed Draw Term Loan B   
    1.950       05/15/14       128,598  
  450    
Pantry, Inc. (The) Term Loan B   
    1.950       05/15/14       446,612  
  5,780    
Rite Aid Corp. Term Loan 5   
    4.500       02/28/18       5,726,499  
  5,989    
Rite Aid Corp. Term Loan B   
    1.950       06/04/14       5,762,638  
  7,085    
Roundy’s Supermarkets, Inc. Extended Term Loan   
    7.000       11/03/13       7,109,776  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                  
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Food/Drug Retailers (continued) 
                       
$ 7,068    
Supervalu, Inc. Term Loan B3   
    4.500 %     04/28/18     $ 7,004,632  
       
 
                     
       
 
                    35,278,168  
       
 
                     
       
 
                       
       
Forest Products 1.1%
                       
  2,400    
Ainsworth Lumber Co, Ltd. Term Loan   
    5.250       06/26/14       2,400,996  
  4,323    
Cenveo Corp. Term Loan B   
    6.250       12/21/16       4,362,147  
  450    
Verso Paper Holding, LLC Term Loan (a)  
    6.650       02/01/13       431,903  
  212    
White Birch Paper Co. DIP Delayed Draw Term Loan (Canada) (f)
    6.720       09/30/11       210,773  
  1,296    
White Birch Paper Co. DIP Term Loan B (Canada)   
    12.000       09/30/11       1,288,875  
  903    
Xerium Technologies, Inc. New Term Loan B   
    5.500       05/22/17       909,998  
       
 
                     
       
 
                    9,604,692  
       
 
                     
       
 
                       
       
Health Care 12.3%
                       
  4,756    
Alere, Inc. First Lien Term Loan   
    2.200       06/26/14       4,708,462  
  6,114    
Biomet Inc. Term Loan B   
    3.280       03/25/15       6,095,187  
  7,643    
Carestream Health, Inc. Term Loan B   
    5.000       02/25/17       7,286,927  
  501    
Community Health Systems, Inc. Delayed Draw Term Loan   
    2.500       07/25/14       485,119  
  7,380    
Community Health Systems, Inc. Extended Term Loan B   
    3.750       01/25/17       7,217,674  
  10,055    
Community Health Systems, Inc. Term Loan   
    2.500       07/25/14       9,735,984  
  764    
DaVita, Inc. New Term Loan B   
    4.500       10/20/16       771,051  
  898    
DJO Finance, LLC New Term Loan B   
    3.191       05/20/14       894,973  
  4,494    
Drumm Investors, LLC Term Loan   
    5.000       05/04/18       4,432,048  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Health Care (continued) 
                       
$ 5,109    
DSI Renal, Inc. Term Loan (a)  
    8.500 %     03/31/13     $ 5,188,934  
  424    
Genoa Healthcare Group, LLC Term Loan B   
    5.500       08/10/12       413,885  
  3,535    
Gentiva Health Services, Inc. New Term Loan B   
    4.750       08/17/16       3,549,215  
  613    
Harlan Labratories, Inc. Term Loan B   
    3.730       07/11/14       570,487  
  4,972    
HCA, Inc. Extended Term Loan B2   
    3.557       03/31/17       6,855,925  
  8,809    
HCA, Inc. Extended Term Loan B3   
    3.557       05/01/18       6,841,624  
  3,696    
HCR Healthcare, LLC New Term Loan   
    5.000       04/06/18       3,657,802  
  6,250    
Health Management Associates, Inc. Term Loan B   
    2.057       02/28/14       6,117,406  
  7,244    
IMS Health, Inc. New Term Loan B   
    4.500       08/25/17       7,280,182  
  4,076    
Rehabcare Group, Inc. Term Loan B   
    6.250       11/24/15       4,085,396  
  1,168    
Rural/Metro Operating Co., LLC Term Loan B   
    6.000       11/24/16       1,181,512  
  1,395    
Select Medical Corp. Term Loan B   
    2.170       02/24/12       1,391,937  
  2,445    
Skilled Healthcare Group, Inc. Term Loan B   
    5.250       04/08/16       2,446,330  
  2,291    
Sun Healthcare Group Inc. Term Loan B   
    7.500       10/15/16       2,282,895  
  1,926    
Surgery Center Holdings, Inc. Term Loan B   
    6.500       02/06/17       1,948,249  
  10,081    
Surgical Care Affiliates, Inc. Term Loan   
    2.307       12/29/14       9,860,073  
  1,851    
TriZetto Group, Inc. Term Loan B   
    4.750       05/02/18       1,853,446  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Health Care (continued) 
                       
$ 174    
United Surgical Partners, International, Inc. Delayed Draw Term Loan   
    2.220 %     04/21/14     $ 171,336  
  3,248    
United Surgical Partners, International, Inc. Term Loan B   
    2.250       04/19/14       3,199,007  
  928    
Universal Health Services, Inc. New Term Loan B   
    4.000       11/15/16       932,874  
       
 
                     
       
 
                    111,455,940  
       
 
                     
       
 
                       
       
Home Furnishings 1.0%
                       
  915    
Brown Jordan International, Inc. Term Loan   
    6.200       04/30/12       896,560  
  182    
Hunter Fan Co. Revolving Credit Agreement  (f)  
    2.250       04/16/13       164,062  
  1,000    
Hunter Fan Co. Second Lien Term Loan   
    6.960       10/16/14       871,665  
  953    
Hunter Fan Co. Term Loan   
    2.700       04/16/14       917,592  
  2,544    
Mattress Holdings Corp. Term Loan B   
    2.560       01/18/14       2,436,118  
  3,423    
National Bedding Co., LLC Second Lien Term Loan   
    5.313       02/28/14       3,367,760  
       
 
                     
       
 
                    8,653,757  
       
 
                     
       
 
                       
       
Industrial Equipment 1.6%
                       
  2,722    
Bucyrus International, Inc. Term Loan   
    4.250       02/19/16       2,727,391  
  1,095    
JMC Steel Group, Inc. Term Loan   
    4.750       04/03/17       1,107,691  
  1,288    
Manitowoc Co., Inc. Term Loan B   
    4.250       11/13/17       1,295,768  
  2,704    
Mold-Masters Luxembourg Holdings, S.A. Term Loan    
    3.813       10/10/14       2,651,247  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Industrial Equipment (continued) 
                       
$ 511    
MW Industries, Inc. Acquisition Term Loan   
    7.250 %     11/01/13     $ 419,222  
  3,987    
MW Industries, Inc. Term Loan   
    7.250       11/01/13       3,272,564  
  3,020    
Polypore, Inc. Incremental Term Loan   
    2.200       07/03/14       2,994,014  
       
 
                     
       
 
                    14,467,897  
       
 
                     
       
 
                       
       
Insurance 2.4%
                       
  2,688    
Alliant Holdings I, Inc. Term Loan B   
    3.307       08/21/14       2,662,277  
  1,024    
Alliant Holdings I, Inc. Term Loan D   
    6.750       08/21/14       1,030,550  
  6,780    
AmWins Group, Inc. First Lien Term Loan   
    2.780       06/08/13       6,711,227  
  825    
HMSC Corp. Second Lien Term Loan   
    5.692       10/03/14       619,781  
  2,675    
Sedgwick CMS Holdings, Inc. New Term Loan   
    5.000       12/30/16       2,680,206  
  2,800    
Sedgwick CMS Holdings, Inc. Second Lien Term Loan   
    9.000       05/26/17       2,821,000  
  4,940    
USI Holdings Corp. Term Loan   
    2.700       05/05/14       4,856,333  
       
 
                     
       
 
                    21,381,374  
       
 
                     
       
 
                       
       
Leisure Goods/Activities/Movies 3.7%
                       
  2,444    
24 Hour Fitness Worldwide, Inc. Term Loan   
    6.750       04/22/16       2,441,655  
  1,350    
Alpha Topco, Ltd. Second Lien Term Loan (United Kingdom)   
    3.960       06/30/14       1,320,678  
  4,117    
Alpha Topco, Ltd. Term Loan B1 (United Kingdom)   
    2.707       12/31/13       4,031,291  
  2,781    
Alpha Topco, Ltd. Term Loan B2 (United Kingdom)   
    2.707       12/31/13       2,723,022  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Leisure Goods/Activities/Movies (continued) 
                       
$ 908    
Bombardier Recreational Products, Inc. Term Loan (Canada)   
    2.790 %     06/28/13     $ 898,001  
  2,160    
Cedar Fair, L.P. Term Loan B   
    4.000       12/15/17       2,173,378  
  2,055    
Fender Musical Instruments Corp. Delayed Draw Term Loan   
    2.450       06/09/14       1,996,138  
  4,067    
Fender Musical Instruments Corp. Term Loan B   
    2.450       06/09/14       3,951,167  
  313    
Hicks Sporting Group, LLC Term Loan  (f)  
    14.005       06/30/11       315,870  
  2,907    
Live Nation Entertainment, Inc. Term Loan B   
    4.500       11/07/16       2,919,722  
  1,842    
Playcore Holdings, Inc. Term Loan B   
    4.750       02/21/14       1,796,108  
  1,420    
Regal Cinemas, Inc. Term Loan B   
    3.557       08/23/17       1,419,523  
  7,249    
Sabre Holdings Corp. Term Loan B   
    2.210       09/30/14       6,532,433  
  668    
SRAM, LLC Term Loan B   
    5.030       04/30/15       669,421  
  361    
Universal City Development Partners, Ltd. New Term Loan B   
    5.500       11/06/14       364,320  
       
 
                     
       
 
                    33,552,727  
       
 
                     
       
 
                       
       
Lodging & Casinos 9.0%
                       
  854    
Ameristar Casinos, Inc. Term Loan B   
    4.000       04/13/18       857,860  
  4,244    
Boyd Gaming Corp. Extended Revolving Credit Agreement   
    1.816       12/17/15       3,887,553  
  5,500    
Boyd Gaming Corp. Revolving Credit Agreement   
    1.625       05/24/12       5,362,500  
  2,625    
Boyd Gaming Corp. Term Loan   
    3.691       12/17/15       2,075,424  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Lodging & Casinos (continued)
                       
$ 2,266    
Cannery Casino Resorts, LLC Delayed Draw Term Loan
    4.443 %     05/20/13     $ 2,243,631  
  748    
Cannery Casino Resorts, LLC Revolving Credit Agreement (f)
    3.310       05/18/12       734,122  
  500    
Cannery Casino Resorts, LLC Second Lien Term Loan
    4.443       05/16/14       474,375  
  2,740    
Cannery Casino Resorts, LLC Term Loan B
    4.443       05/17/13       2,713,054  
  5,254    
CCM Merger Corp. New Term Loan B
    7.000       03/01/17       5,345,281  
  319    
Chester Downs And Marina, LLC Incremental Term Loan
    12.375       07/29/16       326,427  
  1,983    
Golden Nugget, Inc. New Delayed Draw Term Loan (a)
    3.200       06/30/14       1,750,474  
  3,484    
Golden Nugget, Inc. Term Loan B (a)
    3.200       06/30/14       3,075,138  
  494    
Harrah’s Operating Co., Inc. Incremental Term Loan B4
    9.500       10/31/16       525,098  
  15,728    
Harrah’s Operating Co., Inc. Term Loan B1
    3.274       01/28/15       14,625,186  
  5,356    
Harrah’s Operating Co., Inc. Term Loan B2
    3.250       01/28/15       4,980,902  
  8,640    
Harrah’s Operating Co., Inc. Term Loan B3
    3.270       01/28/15       8,034,388  
  4,072    
Isle of Capri Casinos, Inc. New Term Loan B
    4.750       03/24/17       4,093,466  
  869    
Las Vegas Sands, LLC/Venetian Casino Delayed Draw Term Loan
    2.000       05/23/14       855,626  
  155    
Las Vegas Sands, LLC/Venetian Casino Extended Delayed Draw Term Loan
    3.000       11/23/16       152,264  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Lodging & Casinos (continued)
                       
$ 1,090    
Las Vegas Sands, LLC/Venetian Casino Extended Delayed Draw Term Loan 2
    3.000 %     11/23/15     $ 1,073,464  
  2,856    
Las Vegas Sands, LLC/Venetian Casino Extended Term Loan B
    3.000       11/23/16       2,812,272  
  2,025    
Las Vegas Sands, LLC/Venetian Casion Term Loan B
    2.000       05/23/14       1,994,699  
  1,056    
Magnolia Hill, LLC Delayed Draw Term Loan
    3.450       10/30/13       944,800  
  3,005    
Magnolia Hill, LLC Term Loan
    3.450       10/30/13       2,689,047  
  3,750    
Twin River Worldwide Holdings, Inc. Term Loan
    8.500       11/05/15       3,768,736  
  172    
Venetian Macau, Ltd. Delayed Draw Term Loan B
    4.700       05/25/12       172,705  
  3,347    
Venetian Macau, Ltd. New Project Term Loan
    4.700       05/27/13       3,351,133  
  2,260    
Venetian Macau, Ltd. Term Loan B
    4.700       05/27/13       2,262,749  
       
 
                     
       
 
                    81,182,374  
       
 
                     
 
       
Nonferrous Metals/Minerals 0.8%
                       
  4,842    
Novelis, Inc. New Term Loan B
    4.000       03/10/17       4,866,821  
  2,254    
Walter Energy, Inc. Term Loan B
    4.000       04/02/18       2,262,875  
       
 
                     
       
 
                    7,129,696  
       
 
                     
 
       
Oil & Gas 2.7%
                       
  905    
Big West Oil, LLC New Term Loan
    7.000       03/31/16       916,321  
  4,301    
CCS, Inc. Term Loan B
    3.242       11/14/14       4,132,159  
  1,275    
Citgo Petroleum Corp. Term Loan B
    8.000       06/24/15       1,304,491  
  3,949    
Dynegy Holdings, Inc. Synthetic Letter of Credit
    4.030       04/02/13       3,917,697  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Oil & Gas (continued)
                       
$ 250    
Dynegy Holdings, Inc. Term Loan B
    4.030 %     04/02/13     $ 247,781  
  3,678    
Obsidian Natural Gas Trust Term Loan (United Kingdom)
    7.000       11/02/15       3,751,886  
  2,800    
RAM Energy Resources, Inc. Second Lien Term Loan
    11.000       09/13/16       2,827,681  
  4,469    
Western Refining, Inc. New Term Loan B
    7.500       03/15/17       4,570,397  
  2,638    
Willbros United States Holdings, Inc. Term Loan B
    9.500       06/30/14       2,658,895  
       
 
                     
       
 
                    24,327,308  
       
 
                     
 
       
Publishing 6.5%
                       
  982    
Cengage Learning Acquisitions, Inc. Incremental Term Loan
    7.500       07/03/14       986,704  
  11,672    
Cengage Learning Acquisitions, Inc. Term Loan
    2.440       07/03/14       10,907,634  
  3,967    
Cygnus Business Media, Inc. Term Loan (a)(i)
    9.750       06/30/13       2,479,348  
  3,489    
Endurance Business Media, Inc. First Lien Term Loan (i)
    6.500       12/15/14       1,308,558  
  4,430    
F&W Media, Inc. Term Loan
    7.750       06/09/14       4,053,411  
  591    
Gatehouse Media, Inc. Delayed Draw Term Loan
    2.200       08/28/14       224,722  
  920    
Gatehouse Media, Inc. Term Loan B
    2.200       08/28/14       350,259  
  7,793    
Getty Images, Inc. New Term Loan
    5.250       11/07/16       7,856,388  
  4,116    
Harland Clarke Holdings Corp. Term Loan B
    2.770       06/30/14       3,819,558  
  467    
Knowledgepoint360 Group, LLC First Lien Term Loan
    3.520       04/14/14       441,652  
  1,000    
Knowledgepoint360 Group, LLC Second Lien Term Loan
    7.261       04/13/15       850,000  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Publishing (continued)
                       
$ 1,769    
MC Communications, LLC Term Loan (a)
    6.750 %     12/31/12     $ 344,869  
  2,185    
Medianews Group New Term Loan
    8.500       03/19/14       2,191,992  
  3,373    
Merrill Communications, LLC Second Lien Term Loan (a)
    13.760       11/15/13       3,368,025  
  5,084    
Network Communications, Inc. Term Loan
    5.500       11/29/13       3,533,039  
  19,779    
Tribune Co. Term Loan B (c)(d)
    5.250       06/04/14       13,511,609  
  1,544    
Yell Group PLC New Term Loan A3 (United Kingdom)
    3.691       04/30/14       661,037  
  4,826    
Yell Group PLC New Term Loan B1 (United Kingdom)
    3.941       07/31/14       2,013,766  
       
 
                     
       
 
                    58,902,571  
       
 
                     
 
       
Radio & Television 8.1%
                       
  824    
Barrington Broadcasting Group LLC Term Loan
    4.499       08/12/13       800,325  
  1,091    
Citadel Broadcasting Corp. New Term Loan B
    4.250       12/30/16       1,092,845  
  18,324    
Clear Channel Communications, Inc. Term Loan B
    3.841       01/28/16       16,102,651  
  6,799    
CMP KC, LLC Term Loan (c)
    6.250       06/03/11       1,019,814  
  9,639    
CMP Susquehanna Corp. Term Loan
    2.250       05/05/13       9,518,785  
  2,547    
FoxCo Acquisition Sub, LLC Term Loan B
    4.750       07/14/15       2,557,671  
  2,247    
Harron Communications, L.P. Term Loan B
    5.250       10/06/17       2,260,294  
  944    
High Plains Broadcasting Operating Co., LLC Term Loan
    9.000       09/14/16       948,969  
  5,806    
Intelsat Jackson Holdings S.A. New Term Loan
    5.250       04/02/18       5,852,331  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Radio & Television (continued)
                       
$ 2,475    
Multicultural Radio Broadcasting, Inc. Second Lien Term Loan
    5.943 %     06/18/13     $ 2,004,750  
  1,750    
Multicultural Radio Broadcasting, Inc. Term Loan
    2.940       12/18/12       1,605,261  
  3,446    
Newport Television, LLC Term Loan B
    9.000       09/14/16       3,462,937  
  20,691    
Univision Communications, Inc. Extended Term Loan
    4.441       03/31/17       20,028,775  
  6,034    
Weather Channel (The), LLC New Term Loan B
    4.250       02/13/17       6,077,467  
       
 
                     
       
 
                    73,332,875  
       
 
                     
 
       
Retailers (except food & drug) 3.8%
                       
  5,620    
Amscan Holdings, Inc. Term Loan B
    6.750       12/04/17       5,655,513  
  2,650    
Claire’s Stores, Inc. Term Loan B
    3.057       05/29/14       2,445,870  
  1,014    
Dollar General Corp. Term Loan B1
    2.970       07/07/14       1,013,675  
  248    
Educate, Inc. Second Lien Term Loan
    8.500       06/16/14       241,401  
  935    
FTD Group, Inc. Term Loan B
    6.750       08/26/14       936,148  
  3,699    
Guitar Center, Inc. Extended Term Loan
    5.560       04/10/17       3,524,371  
  1,573    
Gymboree Corp. New Term Loan
    5.000       02/23/18       1,545,128  
  3,909    
J Crew Group Corp. New Term Loan B
    4.750       03/07/18       3,840,755  
  1,340    
Michaels Stores, Inc. Term Loan B2
    4.813       07/31/16       1,346,064  
  4,773    
Neiman Marcus Group, Inc. New Term Loan
    4.750       05/16/18       4,744,274  
  4,414    
Petco Animal Supplies, Inc. New Term Loan
    4.500       11/24/17       4,415,118  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Retailers (except food & drug) (continued)
                       
$ 527    
Pilot Travel Centers LLC New Term Loan B
    4.250 %     03/30/18     $ 530,894  
  3,553    
Savers, Inc. Term Loan B
    4.250       03/03/17       3,584,477  
       
 
                     
       
 
                    33,823,688  
       
 
                     
 
       
Surface Transport 1.0%
                       
  1,959    
Avis Budget Car Rental, LLC New Term Loan
    5.750       04/19/14       1,968,539  
  956    
Cardinal Logistics Management, Inc. First Lien Term Loan (a)
    12.500       09/23/13       821,857  
  890    
JHCI Acquisition, Inc. First Lien Term Loan
    2.700       06/19/14       842,493  
  2,942    
Kenan Advantage Group, Inc. New Term Loan
    5.500       06/10/16       2,968,159  
  2,783    
Swift Transportation Co. Inc. Term Loan B
    6.000       12/21/16       2,809,268  
       
 
                     
       
 
                    9,410,316  
       
 
                     
 
       
Telecommunications 6.7%
                       
  4,590    
Avaya, Inc. Extended Term Loan B3
    4.755       10/26/17       4,484,822  
  2,253    
Avaya, Inc. Term Loan
    3.005       10/24/14       2,182,003  
  12,879    
Fairpoint Communications, Inc. New Term Loan B
    6.500       01/22/16       11,964,551  
  4,563    
Global Tel*Link Corp. New Term Loan B
    5.000       11/10/16       4,565,659  
  1,417    
Level 3 Communications, Inc. Add on Term Loan
    11.500       03/13/14       1,513,468  
  5,850    
Level 3 Communications, Inc. Term Loan A
    2.533       03/13/14       5,723,055  
  667    
MetroPCS Wireless, Inc. Extended Term Loan
    4.071       11/04/16       668,189  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Telecommunications (continued)
                       
$ 11,796    
MetroPCS Wireless, Inc. New Term Loan B
    4.000 %     03/16/18     $ 11,793,192  
  7,117    
NTELOS Inc. New Term Loan B
    4.000       08/07/15       7,145,884  
  810    
Orius Corp. Term Loan A (b)(c)(d)(e)
    6.750       01/23/09       0  
  600    
Orius Corp. Term Loan B1 (b)(c)(d)(e)
    7.250       01/23/10       0  
  2,918    
Syniverse Technologies, Inc. Term Loan B
    5.250       12/21/17       2,944,242  
  1,160    
TowerCo Finance, LLC Term Loan B
    5.250       02/02/17       1,168,769  
  2,833    
West Corp. Term Loan B5
    4.610       07/15/16       2,846,536  
  3,484    
Yankee Cable Acquisition, LLC Term Loan B1
    6.500       08/26/16       3,499,006  
       
 
                     
       
 
                    60,499,376  
       
 
                     
 
       
Utilities 8.5%
                       
  4,792    
BRSP, LLC Term Loan B
    7.500       06/04/14       4,834,149  
  10,216    
Calpine Corp. New Term Loan
    4.500       04/02/18       10,257,657  
  5,500    
FirstLight Power Resources, Inc. Second Lien Term Loan
    4.813       05/01/14       5,252,500  
  4,265    
FirstLight Power Resources, Inc. Term Loan B
    2.813       11/01/13       4,232,902  
  388    
Great Point Power, Inc. Term Loan B1
    3.780       03/10/17       391,693  
  2,567    
Longview Power, LLC Delayed Draw Term Loan
    2.563       02/28/14       2,435,125  
  733    
Longview Power, LLC Synthetic Letter of Credit
    2.413       02/28/14       695,750  
  2,200    
Longview Power, LLC Term Loan B
    2.563       02/28/14       2,087,250  
  187    
Mach Gen, LLC Letter of Credit
    2.307       02/22/13       174,767  
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Principal                          
Amount                 Stated        
(000)     Description   Coupon     Maturity*     Value  
 
       
Utilities (continued)
                       
$ 8,200    
NRG Energy, Inc. Extended Letter of Credit
    3.557 %     08/31/15     $ 8,201,096  
  533    
NRG Energy, Inc. Extended Term Loan B
    3.470       08/31/15       532,606  
  3,054    
Primary Energy Operations, LLC New Term Loan
    6.500       10/23/14       3,038,120  
  6,132    
Star West Generation, LLC Term Loan B
    6.000       05/14/18       6,109,086  
  2,534    
Texas Competitive Electric Holdings Co., LLC Extended Term Loan
    4.740       10/10/17       2,011,525  
  25,523    
Texas Competitive Electric Holdings Co., LLC Non-Extended Term Loan
    3.706       10/10/14       21,777,911  
  4,700    
TPF Generation Holdings, LLC Second Lien Term Loan C
    4.557       12/15/14       4,629,500  
       
 
                     
       
 
                    76,661,637  
       
 
                     
        Total Variable Rate** Senior Loan Interests 138.9%             1,254,938,107  
       
 
                     
                                 
Par                        
Amount                        
(000)     Description   Coupon     Maturity     Value  
 
       
Notes 4.8%
                       
       
Air Transport 0.1%
                       
$ 1,110    
Continental Airlines, Inc. (g)
    6.750 %     09/15/15     $ 1,134,975  
       
 
                     
       
 
                       
       
Building & Development 0.1%
                       
  593    
Realogy Corp. (g)
    7.875       02/15/19       598,930  
       
 
                     
       
 
                       
       
Chemicals & Plastics 0.5%
                       
  3,149    
Lyondell Chemical Co.
    11.000       05/01/18       3,556,837  
  1,131    
Wellman, Inc. (a)
    5.000       01/29/19       961,369  
       
 
                     
       
 
                    4,518,206  
       
 
                     
 
       
Containers & Glass Products 0.5%
                       
  4,900    
Berry Plastics Group, Inc. (h)
    5.028       02/15/15       4,887,750  
       
 
                     
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                                 
Par                        
Amount                        
(000)     Description   Coupon     Maturity     Value  
 
       
Ecological Services & Equipment 0.1%
                       
$ 560    
Environmental Systems Products Holdings, Inc. (a)
     18.000 %     03/31/15     $ 560,083  
       
 
                     
       
 
                       
       
Forest Products 0.2%
                       
  1,500    
Verso Paper Holdings, LLC (h)
    4.023       08/01/14                1,451,250  
       
 
                     
       
 
                       
       
Health Care 0.7%
                       
  6,167    
Apria Healthcare Group, Inc. (g)
    11.250       11/01/14                 6,559,792  
       
 
                     
       
 
                       
       
Home Furnishings 0.1%
                       
  677    
Targus Group International Inc. (a) 
      10.000       12/15/15              676,823  
       
 
                     
       
 
                       
       
Structured Products 0.9%
                       
  1,851    
Ares CLO Funds (h)
    3.290       10/11/21                 1,540,957  
  268    
Atrium CDO Corp.
    9.176       06/08/19        255,940  
  1,431    
Columbus Nova CLO Ltd. (h)
    3.914       05/16/19        1,101,870  
  755    
Flagship CLO V (Cayman Islands)(h)
    5.000       06/10/21        626,934  
  1,389    
ING Investment Management CLO Ltd.  (h)
    3.776       12/13/20         1,083,420  
  1,829    
Sierra CLO Ltd. (h)
    3.774       01/22/21        1,435,765  
  2,210    
Silverado CLO Ltd. (h)
    4.026       10/16/20        1,823,250  
       
 
                     
       
 
                     7,868,136  
       
 
                     
 
       
Utilities 1.6%
                       
  5,468    
Calpine Corp. (g)
    7.500       02/15/21        5,714,059  
  4,636    
Calpine Corp. (g)
    7.875       01/15/23        4,855,690  
  3,736    
NRG Energy, Inc. 
    7.625       05/15/19        3,271,560  
  850    
Texas Competitive Electric Holdings Co., LLC 
    11.500       10/01/20        864,875  
       
 
                     
       
 
                     14,706,184  
       
 
                     
       
Total Notes 4.8% 
                     42,962,129  
       
 
                     
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                 
Shares     Description   Value  
 
       
Common Stocks 1.8%
       
       
Building & Development 0.5%
       
  595    
Axia Acquisition Corp. (g)(i)(j)
  $ 1,488,675  
  923,526    
Building Materials Holding Corp. (g)(j)
    1,191,348  
  373,586    
Contech Construction Products, Inc. (j)
    0  
  780    
Lake At Las Vegas Joint Venture, LLC, Class A (j)
    315,959  
  9    
Lake At Las Vegas Joint Venture, LLC, Class B (j)
    3,749  
  343,321    
Newhall Holding Co., LLC (j)
    523,565  
  6,756    
WCI Communities, Inc. (j)
    675,600  
       
 
     
       
 
    4,198,896  
       
 
     
 
       
Business Equipment & Services 0.0%
       
  7    
Comdisco Holdings Co., Inc. (j)
    42  
       
 
     
       
 
       
       
Chemicals & Plastics 0.3%
       
  52,283    
Lyondell Chemical Co., Class A (g)(j)
    2,334,328  
  1,892    
Wellman, Inc. (j)
    0  
       
 
     
       
 
    2,334,328  
       
 
     
 
       
Conglomerates 0.1%
       
  4,207    
Euramax International, Inc., Class A (g)(j)
    1,325,237  
       
 
     
       
 
       
       
Cosmetics/Toiletries 0.2%
       
  2,023,400    
Marietta Intermediate Holding Corp. (Acquired 04/22/10, Cost $48,742) (j)
    1,598,486  
       
 
     
       
 
       
       
Ecological Services & Equipment 0.1%
       
  9,333    
Environmental Systems Products Holdings, Inc. (Acquired 09/27/07, Cost $0) (j)
    1,026,630  
       
 
     
       
 
       
       
Financial Intermediaries 0.0%
       
  4,291    
RJO Holdings Corp. (Acquired 01/13/11, Cost $0) (j)
    37,906  
       
 
     
       
 
       
       
Health Care 0.0%
       
  4,863    
Quality Home Brands Holdings, LLC (Acquired 01/26/10, Cost $0) (j)
    0  
       
 
     
       
 
       
       
Home Furnishings 0.0%
       
  27,462    
Targus Group International, Inc. (Acquired 12/16/09, Cost $0) (j)
    78,816  
       
 
     
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                 
Shares     Description   Value  
 
       
Leisure Goods/Activities/Movies 0.1%
       
  553,670    
MB2, LP. (Canada) (g)(j)
  $ 268,592  
  121,429    
True Temper Sports, Inc. (Acquired 12/17/09, Cost $4,287,500) (j)
    941,075  
       
 
     
       
 
    1,209,667  
       
 
     
 
       
Lodging & Casinos 0.2%
       
  134,134    
BLB Worldwide Holdings, Inc., Class A (j)
    1,464,341  
  1,250    
BLB Worldwide Holdings, Inc., Class B (j)
    10,000  
       
 
     
       
 
    1,474,341  
       
 
     
 
       
Oil & Gas 0.1%
       
  40,110    
Vitruvian Exploration, LLC (j)
    1,313,603  
       
 
     
       
 
       
       
Publishing 0.2%
       
  46,746    
Affiliated Media, Inc. (j)
    1,378,996  
  5,882    
Cygnus Business Media, Inc. (g)(i)(j)
    0  
  4,753    
Endurance Business Media, Inc. Class A (i)(j)
    88,633  
  15,519    
F&W Publications, Inc. (j)
    1,940  
  333,084    
MC Communications, LLC (Acquired 07/02/09, Cost $0) (j)
    0  
  2,333    
SuperMedia, Inc. (j)
    10,125  
       
 
     
       
 
    1,479,694  
       
 
     
       
 
       
       
Telecommunications 0.0%
       
  2,543    
CTM Media Holdings, Inc. (j)
    6,029  
  7,632    
IDT Corp., Class B (j)
    225,144  
       
 
     
       
 
    231,173  
       
 
     
       
Total Common Stocks 1.8%
    16,308,819  
       
 
     
       
 
       
       
Warrants 0.0%
       
       
 
       
       
Aerospace & Defense 0.0%
       
  39,841    
IAP Worldwide Services, Inc., Series A, expiring 06/11/15 (Acquired 06/18/08, Cost $0) (j)
    334,664  
  11,669    
IAP Worldwide Services, Inc., Series B, expiring 06/11/15 (Acquired 06/18/08, Cost $0) (j)
    28,239  
  5,907    
IAP Worldwide Services, Inc., Series C, expiring 06/11/15 (Acquired 06/18/08, Cost $0) (j)
    0  
       
 
     
       
 
    362,903  
       
 
     
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

                 
Shares     Description   Value  
 
       
Building & Development 0.0%
       
  39    
Lake at Las Vegas Joint Venture, LLC, Class C, expiring 7/15/15 (j)
  $ 0  
  54    
Lake at Las Vegas Joint Venture, LLC, Class D, expiring 7/15/15 (j)
    0  
  60    
Lake at Las Vegas Joint Venture, LLC, Class E, expiring 7/15/15 (j)
    0  
  67    
Lake at Las Vegas Joint Venture, LLC, Class F, expiring 7/15/15 (j)
    0  
  76    
Lake at Las Vegas Joint Venture, LLC, Class G, expiring 7/15/15 (j)
    0  
       
 
     
       
 
    0  
       
 
     
 
       
Cosmetics/Toiletries 0.0%
       
  247,917    
Marietta Holding Corp., expiring 02/20/19 (Acquired 04/22/10, Cost $0) (j)
    0  
       
 
     
       
 
       
       
Publishing 0.0%
       
  2,291    
F&W Publications, Inc., expiring 06/09/14 (j)
    286  
       
 
     
       
 
       
       
Radio & Television 0.0%
       
  7,614    
Cumulus Media, Inc., expiring 06/29/19 (g)(j)
    21,394  
       
 
     
       
 
       
       
Total Warrants 0.0%
    384,583  
       
 
     
       
 
       
       
Preferred Stock 0.0%
       
       
Ecological Services & Equipment 0.0%
       
  2,136    
Environmental Systems Products Holdings, Inc. (Acquired 09/27/07, Cost $239,264) (j)
    331,080  
       
 
     
       
 
       
       
Financial Intermediaries 0.0%
       
  649    
RJO Holdings Corp. (Acquired 01/14/11, Cost $0) (j)
    48,668  
       
 
     
       
 
       
       
Total Preferred Stock 0.0%
    379,748  
       
 
     
       
 
       
Total Long-Term Investments 145.5%
(Cost $1,411,643,668)
    1,314,973,386  
       
 
     
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

         
Description   Value  
 
Time Deposit 1.2%
       
State Street Bank & Trust Co. ($10,751,064 Principal, 0.01% coupon, dated 05/31/11, to be sold on 06/01/11 at $10,751,067 (Cost $10,751,064)
  $ 10,751,064  
 
     
 
Total Investments 146.7%
(Cost $1,422,394,732)
    1,325,724,450  
 
Borrowings (21.8%)
    (197,000,000 )
 
Preferred Shares (22.1%)
    (200,000,000 )
 
Liabilities in Excess of Other Assets (2.8%)
    (25,233,373 )
 
     
 
Net Assets Applicable to Common Shares 100.0%
  $ 903,491,077  
 
     
Investment Abbreviations:

CDO- Collateralized debt obligation

CLO- Collateralized loan obligation

DIP- Debtor-in-possession

PIK- Payment-in- kind
Notes to Schedule of Investments:
     
(a)   All or a portion of this security is payment-in-kind.
 
(b)   This borrower is currently in liquidation.
 
(c)   Defaulted security. Currently, the issuer is partially or fully in default with respect to interest payments. The aggregate value of these securities at May 31, 2011 was $20,889,835, which represented 2.31% of the Trust’s net assets applicable to common shares.
 
(d)   This borrower has filed for protection in federal bankruptcy court.
 
(e)   The borrower is in the process of restructuring or amending the terms of this loan.
 
(f)   All or a portion of this security is designated in connection with unfunded loan commitments. See Note 4.
 
(g)   Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2011, was $25,493,020, which represented 2.82% of the Trust’s net assets.
 
(h)   Interest or dividend rate is determined periodically. Rate shown is the rate in effect at May 31, 2011.
 
(i)   Affiliated Company.
 
(j)   Non-income producing security acquired through the restructuring of senior loans.
 
(k)   Subsequent to May 31, 2011, this borrower has filled for protection in federal bankruptcy court.
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

 
*   Senior Loans in the Trust’s portfolio generally are subject to mandatory and/or optional prepayment. Because of these mandatory prepayment conditions and because there may be significant economic incentives for a Borrower to prepay, prepayments of Senior Loans in the Trust’s portfolio may occur. As a result, the actual remaining maturity of Senior Loans held in the Trust’s portfolio may be substantially less than the stated maturities shown.
 
**   Senior Loans in which the Trust invests generally pay interest at rates which are periodically redeterminded by reference to a base the lending rate plus a premium. These base lending rates are generally (1) the lending rate offered by one or more major European banks, such as the London inter-Bank Offered Rate (“LIBOR”), (2) the prime rate offered by one or more major United States banks, or (3) the certificate of deposit rate. Senior Loans are generally considered to be restricted in that the Trust ordinarily is contractually obligated to receive approval from the Agent Bank and/or Borrower prior to the disposition of a Senior Loan. The stated coupon rates reflect the weighted average rate of the outstanding contracts for each loan as of May 31, 2011.
Swap agreements outstanding as of May 31, 2011:
                                                                     
                Pay/                                             Credit  
                Receive             Implied     Notional                     Rating of  
        Buy/Sell     Fixed     Expiration     Credit     Amount     Upfront             Reference  
Counterparty   Reference Entity   Protection     Rate     Date     Spread (a)     (000)     Payments     Value     Entity (b)  
 
Goldman Sachs International  
Texas Competitive Electric Holdings Co., LLC
  Sell     5.000 %     03/20/12       5.20 %   $ 5,000     $ 112,500     $ 42,418       B-  
   
 
                                                           
 
(a)   Implied credit spreads represents the current level at which protection could be bought or sold given the terms of the existing credit default swap contract and serve as an indicator of the current status of the payment/performance risk of the credit default swap contract. An implied credit spread that has widened or increased since entry into the initial contract may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets generally.
 
(b)   Credit rating as issued by Standard and Poor’s (Unaudited).
See accompanying notes which are an integral part of this schedule.
Invesco Van Kampen Senior Income Trust

 


 

Notes to Quarterly Schedule of Portfolio Holdings
May 31, 2011
(Unaudited)
NOTE 1 — Significant Accounting Policies
A.   Security Valuations — Senior secured floating rate loans and senior secured floating rate debt securities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may reflect appropriate factors such as ratings, tranche type, industry, company performance, spread, individual trading characteristics, institution-size trading in similar groups of securities and other market data.
     Securities, including restricted securities, are valued according to the following policy. A security listed or traded on an exchange (except convertible bonds) is valued at its last sales price as of the close of the customary trading session on the exchange where the security is principally traded, or lacking any sales on a particular day, the security may be valued at the closing bid price on that day. Securities traded in the over-the-counter market (but not securities reported on the NASDAQ Stock Exchange) are valued based on the prices furnished by independent pricing services, in which case the securities may be considered fair valued, or by market makers. Each security reported on the NASDAQ Stock Exchange is valued at the NASDAQ Official Closing Price (“NOCP”) as of the close of the customary trading session on the valuation date or absent a NOCP, at the closing bid price.
     Futures contracts are valued at the final settlement price set by an exchange on which they are principally traded. Listed options are valued at the mean between the last bid and the ask prices from the exchange on which they are principally traded. Options not listed on an exchange are valued by an independent source at the mean between the last bid and ask prices. For purposes of determining net asset value per share, futures and option contracts generally are valued 15 minutes after the close of the customary trading session of the New York Stock Exchange (“NYSE”).
     Investments in open-end and closed-end registered investment companies that do not trade on an exchange are valued at the end of day net asset value per share. Investments in open-end and closed-end registered investment companies that trade on an exchange are valued at the last sales price or official closing price as of the close of the customary trading session on the exchange where the security is principally traded.
     Swap agreements are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service are valued based on a model which may include end of day net present values, spreads, ratings, industry, and company performance.
     Debt obligations (including convertible bonds) and unlisted equities are fair valued using an evaluated quote provided by an independent pricing service. Evaluated quotes provided by the pricing service may be determined without exclusive reliance on quoted prices, and may reflect appropriate factors such as institution-size trading in similar groups of securities, developments related to specific securities, dividend rate, yield, quality, type of issue, coupon rate, maturity, individual trading characteristics and other market data. Short-term obligations, including commercial paper, having 60 days or less to maturity are recorded at amortized cost which approximates value. Debt securities are subject to interest rate and credit risks. In addition, all debt securities involve some risk of default with respect to interest and/or principal payments.
     Foreign securities (including foreign exchange contracts) are converted into U.S. dollar amounts using the applicable exchange rates as of the close of the NYSE. If market quotations are available and reliable for foreign exchange traded equity securities, the securities will be valued at the market quotations. Because trading hours for certain foreign securities end before the close of the NYSE, closing market quotations may become unreliable. If between the time trading ends on a particular security and the close of the customary trading session on the NYSE, events occur that are significant and make the closing price unreliable, the Fund may fair value the security. If the event is likely to have affected the closing price of the security, the security will be valued at fair value in good faith using procedures approved by the Board of Trustees. Adjustments to closing prices to reflect fair value may also be based on a screening process of an independent pricing service to indicate the degree of certainty, based on historical data, that the closing price in the principal market where a foreign security trade is not the current value as of the close of the NYSE. Foreign securities meeting the approved degree of certainty that the price is not reflective of current value will be priced at the indication of fair value from the independent pricing service. Multiple factors may be considered by the independent pricing service in determining adjustments to reflect fair value and may include information relating to sector indices, American Depositary Receipts and domestic and foreign index futures. Foreign securities may have additional risks including exchange rate changes, potential for sharply devalued currencies and high inflation, political and economical upheaval, the relative lack of issuer information, relatively low market liquidity and the potential lack of strict financial and accounting controls and standards.
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     Securities for which market prices are not provided by any of the above methods may be valued based upon quotes furnished by independent sources. The last bid price may be used to value equity securities. The mean between the last bid and asked prices is used to value debt obligations, including Corporate Loans.
     Securities for which market quotations are not readily available or are unreliable are valued at fair value as determined in good faith by or under the supervision of the Trust’s officers following procedures approved by the Board of Trustees. Issuer specific events, market trends, bid/ask quotes of brokers and information providers and other market data may be reviewed in the course of making a good faith determination of a security’s fair value.
     Valuations change in response to many factors including the historical and prospective earnings of the issuer, the value of the issuer’s assets, general economic conditions, interest rates, investor perceptions and market liquidity. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
B.   Securities Transactions and Investment Income — Securities transaction are accounted for on a trade date basis. Realized gains or losses on sales are computed on the basis of specific identification of the securities sold. Interest income is recorded on the accrual basis from the settlement date. Facility fees received may be amortized over the life of the loan. Dividend income (net of withholding tax, if any) is recorded on the ex-dividend date. Bond premiums and discounts are amortized and/or accreted for financial reporting purposes.
     The Trust may periodically participate in litigation related to Trust investments. As such, the Fund may receive proceeds from litigation settlements. Any proceeds received are included in the Statement of Operations as realized gain (loss) for investments no longer held and as unrealized gain (loss) for investments still held.
     Brokerage commissions and mark ups are considered transaction costs and are recorded as an increase to the cost basis of securities purchased and/or a reduction of proceeds on a sale of securities. Such transaction costs are included in the determination of net realized and unrealized gain (loss) from investment securities reported in the Statement of Operations and the Statement of Changes in Net Assets and the net realized and unrealized gains (losses) on securities per share in the Financial Highlights. Transaction costs are included in the calculation of the Trust’s net asset value and, accordingly, they reduce the Trust’s total returns. These transaction costs are not considered operating expenses and are not reflected in net investment income reported in the Statement of Operations and Statement of Changes in Net Assets, or the net investment income per share and ratios of expenses and net investment income reported in the Financial Highlights, nor are they limited by any expense limitation arrangements between the Trust and the investment adviser.
     Other income is compromised primarily of amendment fees which are recorded when received. Amendment fees are received in return for changes in the terms of a loan or a note.
C.   Country Determination — For the purposes of making investment selection decisions and presentation in the Schedule of Investments, the investment adviser may determine the country in which an issuer is located and/or credit risk exposure based on various factors. These factors include the laws of the country under which the issuer is organized, where the issuer maintains a principal office, the country in which the issuer derives 50% or more of its total revenues and the country that has the primary market for the issuer’s securities, as well as other criteria. Among the other criteria that may be evaluated for making this determination are the country in which the issuer maintains 50% or more of its assets, the type of security, financial guarantees and enhancements, the nature of the collateral and the sponsor organization. Country of issuer and/or credit risk exposure has been determined to be the United States of America, unless otherwise noted.
D.   Securities Purchased on a When-Issued and Delayed Delivery Basis — The Trust may purchase and sell interests in Corporate Loans and Corporate Debt Securities and other portfolio securities on a when-issued and delayed delivery basis, with payment and delivery scheduled for a future date. No income accrues to the Trust on such interests or securities in connection with such transactions prior to the date the Trust actually takes delivery of such interests or securities. These transactions are subject to market fluctuations and are subject to the risk that the value at delivery may be more or less than the trade date purchase price. Although the Trust will generally purchase these securities with the intention of acquiring such securities, they may sell such securities prior to the settlement date.
E.   Foreign Currency Translations — Foreign currency is valued at the close of the NYSE based on quotations posted by banks and major currency dealers. Portfolio securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollar amounts at date of valuation. Purchases and sales of portfolio securities (net of foreign taxes withheld on disposition) and income items denominated in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions. The Trust does not separately account for the portion of the results of operations resulting from changes in foreign exchange rates on investments and the fluctuations arising from changes in market prices of securities held. The combined results of changes in foreign exchange rates and the fluctuation of market prices on investments (net of estimated foreign tax withholding) are included with the net realized and unrealized gain or loss from investments in the Statement of Operations. Reported net realized foreign currency gains or losses arise from (1) sales of foreign currencies, (2) currency gains or losses realized between the trade and settlement dates on
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    securities transactions, and (3) the difference between the amounts of dividends, interest, and foreign withholding taxes recorded on the Trust’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign currency gains and losses arise from changes in the fair values of assets and liabilities, other than investments in securities at fiscal period end, resulting from changes in exchange rates.
     The Trust may invest in foreign securities which may be subject to foreign taxes on income, gains on investments or currency repatriation, a portion of which may be recoverable.
F.   Swap Agreements — The Trust may enter into various swap transactions, including interest rate, total return, index, currency exchange rate and credit default swap contracts (“CDS”) for investment purposes or to manage interest rate, currency or credit risk.
     Interest rate, total return, index, and currency exchange rate swap agreements are two-party contracts entered into primarily to exchange the returns (or differentials in rates of returns) earned or realized on particular predetermined investments or instruments. The gross returns to be exchanged or “swapped” between the parties are calculated with respect to a notional amount, i.e., the return on or increase in value of a particular dollar amount invested at a particular interest rate or return of an underlying asset, in a particular foreign currency, or in a “basket” of securities representing a particular index.
     A CDS is an agreement between two parties (“Counterparties”) to exchange the credit risk of an issuer. A buyer of a CDS is said to buy protection by paying a fixed payment over the life of the agreement and in some situations an upfront payment to the seller of the CDS. If a defined credit event occurs (such as payment default or bankruptcy), the Fund as a protection buyer would cease paying its fixed payment, the Trust would deliver eligible bonds issued by the reference entity to the seller, and the seller would pay the full notional value, or the “par value”, of the referenced obligation to the Trust. A seller of a CDS is said to sell protection and thus would receive a fixed payment over the life of the agreement and an upfront payment, if applicable. If a credit event occurs, the Trust as a protection seller would cease to receive the fixed payment stream, the Trust would pay the buyer “par value” or the full notional value of the referenced obligation, and the Trust would receive the eligible bonds issued by the reference entity. In turn, these bonds may be sold in order to realize a recovery value. Alternatively, the seller of the CDS and its counterparty may agree to net the notional amount and the market value of the bonds and make a cash payment equal to the difference to the buyer of protection. If no credit event occurs, the Trust receives the fixed payment over the life of the agreement. As the seller, the Trust would effectively add leverage to its portfolio because, in addition to its total net assets, the Trust would be subject to investment exposure on the notional amount of the CDS. In connection with these agreements, cash and securities may be identified as collateral in accordance with the terms of the respective swap agreements to provide assets of value and recourse in the event of default under the swap agreement or bankruptcy/insolvency of a party to the swap agreement. In the event of a default by the counterparty, the Fund will seek withdrawal of this collateral and may incur certain costs exercising its right with respect to the collateral. If a counterparty becomes bankrupt or otherwise fails to perform its obligations due to financial difficulties, the Fund may experience significant delays in obtaining any recovery in a bankruptcy or other reorganization proceeding. The Fund may obtain only limited recovery or may obtain no recovery in certain circumstances.
     Implied credit spreads represent the current level at which protection could be bought or sold given the terms of the existing CDS contract and serve as an indicator of the current status of the payment/performance risk of the CDS. An implied spread that has widened or increased since entry into the initial contract may indicate a deteriorating credit profile and increased risk of default for the reference entity. A declining or narrowing spread may indicate an improving credit profile or decreased risk of default for the reference entity. Alternatively, credit spreads may increase or decrease reflecting the general tolerance for risk in the credit markets.
     Changes in the value of swap agreements are recognized as unrealized gains (losses) in the Statement of Operations by “marking to market” on a daily basis to reflect the value of the swap agreement at the end of each trading day. Payments received or paid at the beginning of the agreement are reflected as such on the Statement of Assets and Liabilities and may be referred to as upfront payments. The Trust accrues for the fixed payment stream and amortizes upfront payments, if any, on swap agreements on a daily basis with the net amount, recorded as a component of realized gain (loss) on the Statement of Operations. A liquidation payment received or made at the termination of a swap agreement is recorded as realized gain (loss) on the Statement of Operations. The Trust segregates liquid securities having a value at least equal to the amount of the potential obligation of a Trust under any swap transaction. The Trust’s maximum risk of loss from counterparty risk, either as the protection seller or as the protection buyer, is the value of the contract. The risk may be mitigated by having a master netting arrangement between the Trust and the counterparty and by the posting of collateral by the counterparty to cover the Trust’s exposure to the counterparty. Entering into these agreements involves, to varying degrees, lack of liquidity and elements of credit, market, and counterparty risk in excess of amounts recognized on the Statement of Assets and Liabilities. Such risks involve the possibility that a swap is
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    difficult to sell or liquidate; the counterparty does not honor its obligations under the agreement and unfavorable interest rates and market fluctuations.
 
G.   Industry Concentration — To the extent that the Fund is concentrated in securities of issuers in the banking and financial services industries, the Fund’s performance will depend to a greater extent on the overall condition of those industries. The value of these securities can be sensitive to changes in government regulation, interest rates and economic downturns in the U.S. and abroad.
 
H.   Leverage Risk — The Fund may utilize leverage to seek to enhance the yield of the Fund by borrowing or issuing preferred shares. There are risk associated with borrowing or issuing preferred shares in an effort to increase the yield and distributions on the common shares, including that the costs of the financial leverage may exceed the income from investments made with such leverage, the higher volatility of the net asset value of the common shares, and that fluctuations in the interest rates on the borrowing or dividend rates on preferred shares may affect the yield and distributions to the common shareholders. There can be no assurance that the Fund’s leverage strategy will be successful.
 
I.   Bank Loan Risk Disclosures — Although the resale, or secondary market for floating rate loans has grown substantially over the past decade, both in overall size and number of market participants, there is no organized exchange or broad of trade on which floating rate loans are traded. Instead, the secondary market for floating rate loans is a private, unregulated interdealer or interbank resale market. Such a market may therefore be subject to irregular trading activity, wide bid/ask spreads, and extended trade settlement periods. Similar to other asset classes, bank loan funds may be exposed to counterparty credit risk, or the risk than an entity with which the Funds have unsettled or open transactions may fail to or be unable to perform on its commitments. The Funds manage counterparty credit risk by entering into transactions only with counterparties that they believe have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties.
 
J.   Other Risks — The Trust may invest all or substantially of its assets in senior secured floating rate loans, senior secured debt securities or other securities rated below investment grade. These securities are generally considered to have speculative characteristics and are subject to greater risk of loss of principal and interest than higher rated securities. The value of lower quality debt securities and floating rate loans can be more volatile due to increased sensitivity to adverse issuer, political, regulatory, market or economic developments.
     The Trust invests in Corporate Loans from U.S. or non-U.S. companies (the “Borrowers”). The investment of the Trust in a Corporate Loan may take the form of participation interests or assignments. If the Trust purchases a participation interest from a syndicate of lenders (“Lenders”) or one of the participants in the syndicate (“Participant”), one or more of which administers the loan on behalf of all the Lenders (the “Agent Bank”), the Trust would be required to rely on the Lender that sold the participation interest not only for the enforcement of the Trust’s rights against the Borrower but also for the receipt and processing of payments due to the Trust under the Corporate Loans. As such, the Trust is subject to the credit risk of the Borrower and the Participant. Lenders and Participants interposed between the Trust and a Borrower, together with Agent Banks, are referred to as “Intermediate Participants”.
NOTE 2 — Additional Valuation Information
Generally Accepted Accounting Principles (“GAAP”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3) generally when market prices are not readily available or are unreliable. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment’s assigned level:
  Level 1 —   Prices are determined using quoted prices in an active market for identical assets.
 
  Level 2 —   Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others.
 
  Level 3 —   Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect the Trust’s own assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.
          The following is a summary of the tiered valuation input levels, as of May 31, 2011. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of
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the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.
          During the three months ended May 31, 2011, there were no significant transfers between investment levels.
                                 
    Level 1   Level 2   Level 3   Total
 
Investments in an Asset Position
                               
Variable Rate Senior Loan Interests
  $     $ 1,252,978,152     $ 1,959,955     $ 1,254,938,107  
Notes
          41,323,937       1,638,192       42,962,129  
Equities
    4,433,795       7,959,262       4,680,093       17,073,150  
Time Deposits
          10,751,064             10,751,064  
Credit Default Swaps
          42,418             42,418  
 
Total Investments in an Asset Position
  $ 4,433,795     $ 1,313,054,833     $ 8,278,240     $ 1,325,766,868  
 
Investments in a Liability Position
                               
 
Unfunded Commitments
  $     $ (2,785,965 )   $     $ (2,785,965 )
 
NOTE 3 — Investments in Other Affiliates
The Investment Company Act of 1940 defines affiliates as those issuances in which a fund holds 5% or more of the outstanding voting securities. The Fund has not owned enough of the outstanding voting securities of the issuer to have control (as defined in the Investment Company Act of 1940) of that issuer. The following is a summary of the investments in affiliates for the three months ended May 31, 2011.
                                                         
                            Change in                    
                            Unrealized                   Interest/
    Value   Purchases at   Proceeds from   Appreciation   Realized   Value   Dividend
    02/28/11   Cost   Sales   (Depreciation)   Gain (Loss)   05/31/11   Income
 
Axia Acquisition Corp. — Second Lien Term Loan A
  $ 932,280     $ 15,368     $     $ (37,778 )   $     $ 909,870     $ 19,699  
Axia Acquisition Corp. — Second Lien Term Loan B
    1,610,962                   (28,767 )           1,582,195       16,615  
Axia Acquisition Corp. — Common Shares
    1,488,675                               1,488,675        
Cygnus Business Media, Inc. — Common Shares
                                         
Cygnus Business Media, Inc. — Term Loan
    2,485,658             10,096       3,636       150       2,479,348       35,398  
Endurance Business Media, Inc. — Common Shares
    88,633                               88,633        
Endurance Business Media, Inc. — First Lien Term Loan
    1,137,171             9,502       183,868       (2,979 )     1,308,558       39,063  
 
 
                                                       
Total
  $ 7,743,379     $ 15,368     $ 19,598     $ 120,959       (2,829 )     7,857,279     $ 110,775  
 
NOTE 4 — Unfunded Loan Commitments
As of May 31, 2011, the Fund had unfunded loan commitments of $2,785,965, which could be extended at the option of the borrower, pursuant to the following loan agreements with the following borrowers:
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        Unfunded     Unrealized Appreciation/  
Description   Type   Commitments     (Depreciation)  
 
Axia Acquisition Corp.
  Revolving Credit Agreement   $ 2,062,007     $ (154,649 )
Bright Horizons Family Solutions, Inc.
  Revolving Credit Agreement     5,800,000       (22,330 )
Cannery Casino Resorts, LLC
  Revolving Credit Agreement     365,909       (6,658 )
Catalent Pharma Solutions
  Revolving Credit Agreement     2,500,000       (141,562 )
CB Richard Ellis Services, Inc.
  Term Loan     5,115,336       (17,264 )
CB Richard Ellis Services, Inc.
  Term Loan     1,239,862       (3,255 )
Delta Air Lines, Inc.
  Revolving Credit Agreement     2,500,000       (86,975 )
Education Management, LLC
  Revolving Credit Agreement     3,000,000       (67,485 )
GateHouse Media Operating, Inc.
  Revolving Credit Agreement     1,000,000       (150,000 )
General Motors Holdings
  Revolving Credit Agreement     10,576,720       (852,355 )
Graphic Packaging International, Inc.
  Revolving Credit Agreement     5,000,000       (100,000 )
Hicks Sporting Group, LLC
  Term Loan     23,046       0  
Hunter Fan Co.
  Revolving Credit Agreement     526,042       (52,604 )
Kranson Industries, Inc.
  Revolving Credit Agreement     2,287,455       (68,624 )
Lake at Las Vegas Joint Venture, LLC
  Revolving Credit Agreement     86,913       (869 )
Pinnacle Foods Holdings Corp.
  Revolving Credit Agreement     7,000,000       (490,000 )
Sbarro, Inc.
  Term Loan     16,346       0  
Surgical Care Affiliates, Inc.
  Revolving Credit Agreement     3,000,000       (270,000 )
USI Holdings Corp.
  Revolving Credit Agreement     3,333,333       (300,000 )
White Birch Paper Co.
  Term Loan     237,462       (1,335 )
 
 
      $ 55,670,431     $ (2,785,965 )
 
NOTE 5 — Investment Securities
The aggregate amount of investment securities (other than short-term securities, U.S. Treasury obligations and money market funds, if any) purchased and sold by the Trust during the three months ended May 31, 2011 was $446,705,856 and $495,533,658, respectively. Cost of investments on a tax basis includes the adjustments for financial reporting purposes as of the most recently completed Federal income tax reporting period-end.
Unrealized Appreciation (Depreciation) of Investment Securities on a Tax Basis
         
Aggregate unrealized appreciation of investment securities
  $ 33,396,399  
Aggregate unrealized (depreciation) of investment securities
    (139,464,893 )
 
Net unrealized appreciation (depreciation) of investment securities
  $ (106,068,494 )
 
Cost of investments for tax purposes is $1,431,792,944.
       
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Item 2. Controls and Procedures.
  (a)   As of June 10, 2011, an evaluation was performed under the supervision and with the participation of the officers of the Registrant, including the Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”), to assess the effectiveness of the Registrant’s disclosure controls and procedures, as that term is defined in Rule 30a-3(c) under the Investment Company Act of 1940 (“Act”), as amended. Based on that evaluation, the Registrant’s officers, including the PEO and PFO, concluded that, as of June 10, 2011, the Registrant’s disclosure controls and procedures were reasonably designed so as to ensure: (1) that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the time periods specified by the rules and forms of the Securities and Exchange Commission; and (2) that material information relating to the Registrant is made known to the PEO and PFO as appropriate to allow timely decisions regarding required disclosure.
 
  (b)   There have been no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
      Certifications of PEO and PFO as required by Rule 30a-2(a) under the Investment Company Act of 1940.

 


 

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
         
Registrant: Invesco Van Kampen Senior Income Trust
 
By:   /s/ Colin Meadows  
  Colin Meadows 
  Principal Executive Officer
 
Date:   July 29, 2011 
Pursuant to the requirements of the Securities and Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
         
By:   /s/ Colin Meadows  
  Colin Meadows 
  Principal Executive Officer
 
Date:   July 29, 2011 
         
     
By:   /s/ Sheri Morris    
  Sheri Morris   
  Principal Financial Officer
 
Date:   July 29, 2011 

 


 

EXHIBIT INDEX
Certifications of Principal Executive Officer (“PEO”) and Principal Financial Officer (“PFO”) as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended.