Invesco High Income 2023 Target Term Fund 

Invesco High Income 2023 Target Term Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objectives are to provide a high level of current income and to return original net asset value (NAV) to common shareholders on or about the termination date. The Fund seeks to achieve its investment objectives primarily by investing in securities collateralized by loans secured by real properties. The Fund expects to invest at least 80% of its managed assets in real estate debt securities, including commercial mortgage-backed securities (CMBS). The Fund will invest no more than 30% of its managed assets in securities rated below investment grade at the time of investment. The Fund invests in a portfolio of real estate debt designed to generate high levels of current income through opportunistic deployment of capital. The Fund’s investment advisor is Invesco Advisers, Inc.