Invesco Advantage Municipal Income Trust II is a diversified, closed-end management investment company. The company's investment objective is to provide a high level of current income exempt from federal income tax, consistent with preservation of capital to a common shareholder. In order to achieve determined objectives, the company seeks o invests in municipal securities including municipal bonds, municipal notes, municipal commercial paper and lease obligations as well as in non-investment-grade and unrated securities. In addition, the company may invest in verse floating rate securities, such as Tender Option Bonds (TOBs) or investment purposes and to enhance the yield. Revenue earned by the company consists of interest income received from investments made.