Strategic Initiatives and Corporate Developments Invesco announced a $1 billion repurchase of its Series A Preferred Stock held by MassMutual, expected to occur in May. Furthermore, Invesco and Barings, MassMutual's global asset management subsidiary, announced a new strategic product and distribution partnership for U.S. Wealth channels, with MassMutual supporting this initiative with a $650 million initial investment. Management's Perspective Andrew Schlossberg, President and CEO of Invesco, highlighted the company's strategic clarity and organic growth. He noted that Invesco delivered over 5% long-term organic growth in the first quarter, with an 18% increase in operating income and positive operating leverage of over 500 basis points compared to the first quarter of last year. Schlossberg emphasized the company's balance sheet strength and enhanced return of capital to shareholders.