Sub-Item 77Q1(e) MEMORANDUM OF AGREEMENT (EXPENSE LIMITATIONS) This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibit (the "Exhibit"), between Invesco California Value Municipal Income Trust, Invesco High Income...Master Investment Advisory Agreement • October 30th, 2013 • Invesco California Value Municipal Income Trust
This Memorandum of Agreement is entered into as of the Effective Date on the attached exhibit (the "Exhibit"), between Invesco California Value Municipal Income Trust, Invesco High Income Trust II, Invesco Municipal Opportunity Trust, Invesco Trust for Investment Grade New York Municipals (each a "Fund" and collectively the "Funds"), and Invesco Advisers, Inc. ("Invesco"). Invesco shall and hereby agrees to waive fees or reimburse expenses of the Fund severally and not jointly, as indicated in the attached Exhibit.
