Stock consideration

  


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|  | As of December 31, 2021 |
| $ in millions | Fair Value Measurements |  | Quoted Prices in Active Markets for Identical Assets (Level 1) |  | Significant Other Observable Inputs (Level 2) |  | Significant Unobservable Inputs (Level 3) |  | Investments Measured at NAV as a practical expedient |
| Assets: |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |  |  |  |
| Bank loans | 7,132.4  |  |  | —  |  |  | 6,993.6  |  |  | 138.8  |  |  | —  |  |
| Bonds | 714.9  |  |  | 22.3  |  |  | 692.4  |  |  | 0.2  |  |  | —  |  |
| Equity securities | 219.1  |  |  | 103.9  |  |  | 29.7  |  |  | 85.5  |  |  | —  |  |
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| Equity and fixed income mutual funds | 243.2  |  |  | 20.1  |  |  | 223.1  |  |  | —  |  |  | —  |  |
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| Investments in other private equity funds | 454.9  |  |  | —  |  |  | —  |  |  | 8.1  |  |  | 446.8  |  |
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| Real estate investments | 278.0  |  |  | —  |  |  | —  |  |  | —  |  |  | 278.0  |  |
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| Total assets at fair value | 9,042.5  |  |  | 146.3  |  |  | 7,938.8  |  |  | 232.6  |  |  | 724.8  |  |
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See the company’s most recently filed Form 10-K for additional disclosures on valuation methodology and fair value.  
14. RELATED PARTIES  
MassMutual has an approximate 17.9% stake in the common stock of the company and owns all of the outstanding $4.0 billion in perpetual, non-cumulative preferred shares. Based on the level of shares owned by MassMutual and the corresponding customary minority shareholder rights, which includes representation on Invesco’s board of directors, the company considers MassMutual a related party.  
Additionally, certain managed funds are deemed to be affiliated entities under the related party definition in ASC 850, “Related Party Disclosures.” Related parties include those defined in the company’s proxy statement.   
Affiliated operating revenue, which includes investment management fees, service and distribution fees, performance fees and other revenue on the Condensed Consolidated Statements of Income is $1,321.3 million and $4,201.8 million for the three and nine months ended September 30, 2022 ($1,604.6 million and $4,696.7 million three and nine months ended September 30, 2021).  
Due from affiliates, which is included within accounts receivable and other assets on the Condensed Consolidated Balance Sheets is $716.5 million and $681.4 million at September 30, 2022 and December 31, 2021 respectively, primarily comprised of receivables from affiliated Invesco funds, accrued income and other receivable balances from affiliates.  
Due to affiliates, which is included within accounts payable and accrued compensation on the Condensed Consolidated Balance Sheets is $131.2 million and $146.5 million at September 30, 2022 and December 31, 2021, respectively, primarily comprised of payables to unconsolidated affiliated Invesco funds and other payables to related parties, including current and former company executive employees and directors.  
Refer to Note 2, "Fair Value of Assets and Liabilities" and Note 3, "Investments" for more information on balances invested in Invesco affiliated funds.  
15.  SUBSEQUENT EVENTS  
On October 25, 2022, the company announced a third quarter 2022 dividend of $0.1875 per common share, payable on December 2, 2022, to common shareholders of record at the close of business on November 11, 2022 with an ex-dividend date of November 9, 2022  
On October 25, 2022, the company declared a preferred dividend of $14.75 per share representing the period from September1, 2022 through November 30, 2022. The preferred dividend is payable on December 1, 2022 to preferred shareholders of record at the close of business on November 15, 2022.  
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