Invesco Advisers, Inc. Form 4 Filed 2025-02-05

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Invesco Advisers, Inc.

2. Issuer Name and Ticker or Trading Symbol
Invesco Commercial Real Estate Finance Trust, Inc. [N/A]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	_____ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

1331 SPRING STREET NW, SUITE 2500,

3. Date of Earliest Transaction (Month/Day/Year)
02/03/2025

(Street)

ATLANTA, GA 30309

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

______ Form Filed by One Reporting Person
__X__ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class E Common Stock, $0.01 par value	02/03/2025		J⁽¹⁾		81,185	A	$25.4712	146,422	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Invesco Advisers, Inc. 1331 SPRING STREET NW, SUITE 2500 ATLANTA, GA 30309	X
Invesco Group Services, Inc. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
OppenheimerFunds, Inc. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
OPPENHEIMER ACQUISITION CORP 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
IVZ Inc 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
INVESCO HOLDING CO LTD 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X
Invesco Ltd. 1331 SPRING STREET, NW SUITE 2500 ATLANTA, GA 30309	X

Explanation of Responses:

This Form 4 reports the acquisition by Invesco Advisers, Inc. (IAI) of Class E Common Stock as payment of the Performance Fee and Class F Performance Fee under the Amended and Restated Advisory Agreement by and among the Company, Invesco Commercial Real Estate Finance Investments, LP and IAI. The Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

	Signatures
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Advisers, Inc	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Group Services, Inc.	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for OppenheimerFunds Inc.	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for Oppenheimer Acquisition Corp	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company (US), Inc. (FKA IVZ Inc.)	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Holding Company Limited	02/05/2025
	/s/ Tina Carew, Attorney-in-Fact, for Invesco Ltd.	02/05/2025
	** Signature of Reporting Person	Date
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