SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* RBC Municipal Products, Inc. (Last) (First) (Middle) 3 WORLD FINANCIAL CENTER 200 VESEY STREET (Street) NEW YORK NY 10281 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/15/2012	3. Issuer Name and Ticker or Trading Symbol Invesco Van Kampen Pennsylvania Value Municipal Income Trust [ VPV ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Variable Rate Muni Term Preferred Shares	1,301(1)	I	Ownership of residual certificates(2)(3)
Common Stock	37,315	I	By subsidiary(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* RBC Municipal Products, Inc. (Last) (First) (Middle) 3 WORLD FINANCIAL CENTER 200 VESEY STREET (Street) NEW YORK NY 10281 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ROYAL BANK OF CANADA (Last) (First) (Middle) ROYAL BANK PLAZA 200 BAY STREET (Street) TORONTO A6 M5J2J5 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This statement is jointly filed by Royal Bank of Canada ("RBC") and RBC Municipal Products, Inc. ("MPI"). RBC holds an indirect interest in the securities listed in Table I (the "Securities") by virtue of its indirect 100% ownership of its subsidiary MPI. The proceeds from the issuance of the Securities by the Issuer will be used to redeem auction rate preferred stock ("ARPS") of the Issuer, which include 16 shares of ARPS (CUSIP 46132K208) and 48 shares of ARPS (CUSIP 46132K307) owned by RBC and its wholly owned indirect subsidiary RBC Capital Markets, LLC.

2. The Securities have been deposited by MPI with The Bank of New York Mellon, as trustee of RBC Municipal Products, Inc. Trust, Series E-34 relating to $130,100,000 Invesco Van Kampen Pennsylvania Value Municipal Income Fund Trust, Series 2015/6-VPV, a New York common-law trust that is a tender option bond financing trust (the "TOB"). A pecuniary interest in the dividends and liquidation preference of the Securities is owned by holders of the $130,095,000 floating certificates issued by the TOB, which is senior to the pecuniary interest in the dividends and liquidation preference of the Securities owned by MPI through its ownership of the $5,000 residual certificates issued by the TOB. MPI also holds the right to dissolve the TOB, dispose of the Securities and direct certain voting and consent rights on the Securities.

3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.

4. These shares are directly held by RBC Capital Markets, LLC, which is a wholly owned indirect subsidiary of RBC.

Remarks:

Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information

	RBC MUNICIPAL PRODUCTS, INC., /s/ Andrew B. Sanford	05/24/2012
	ROYAL BANK OF CANADA, /s/ Thomas Smee, /s/ Peggy Dowdall-Logie	05/24/2012
	** Signature of Reporting Person	Date
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