Voya Equity Closed Funds Announce Distributions | News | bakersfield.com – The Bakersfield Californian | Jewelry Dukan

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–May 15 September 2022–

Voya Investment Management, the investment management business of Voya Financial, Inc. (NYSE: VOYA), today announced distributions on the common shares of three of its closed-end funds (each a “Fund” and collectively the “Funds”). .

In respect of each Fund, the dividend will be paid on October 17, 2022 to Shareholders of record on October 4, 2022. The ex-dividend date is 3 October 2022. The distribution per share for each fund is as follows:

fund

Distribution per share

Monthly Distributions

Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD)

$0.040

Quarterly Distributions

Voya Asia Pacific High Dividend Equity Income Fund (NYSE:IAE)

Voya Emerging Markets High Dividend Equity Fund (NYSE:IHD)

$0.215

$0.180

Each Fund intends to make regular monthly/quarterly distributions based on the past and projected performance of the Fund. The level of a Fund’s distribution may vary depending on a number of factors. As the portfolio and market conditions change, the payout rate on the common stock may change. There can be no guarantee that a Fund will be able to declare a distribution in every period. Past performance is no guarantee of future results.

The tax treatment and characterization of a Fund’s distributions can vary significantly from time to time depending on the Fund’s net investment income and whether the Fund has realized gains or losses from its options strategy against realizing gains or losses in the equity securities in the portfolio. Each Fund’s distributions will normally reflect past and projected net investment income and may include income from dividends and interest, capital gains and/or capital repayments.

That portion of each Fund’s monthly distributions estimated to result from the Fund’s options strategy may be treated as a combination of long-term and short-term capital gains and/or capital returns for tax purposes. The tax nature of each Fund’s options strategy is largely determined by movements and realizations of gains and losses in the underlying equity portfolio. Under certain circumstances, state tax regulations may also result in some or all of the return of capital being taxed as ordinary income. The final tax characteristics of the distributions can only be determined with certainty after the end of the calendar year and will be communicated to shareholders at that time.

Monthly Distributions

IGD estimates that for the current fiscal year ended August 31, 2022, approximately 32% of each distribution will be designated as net investment income and 68% as return of capital.

Quarterly Distributions

IAE estimates that for the current fiscal year ended June 30, 2022, approximately 28% of each distribution will be designated as net investment income and 72% as return of capital.

IHD estimates that for the current fiscal year ended June 30, 2022, approximately 21% of each distribution will be designated as net investment income and 79% will be designated as a return of principal.

Shares in closed-end funds often trade at a discount to their net asset value. The market price of the Fund’s shares may deviate from the Net Asset Value based on factors affecting the supply of and demand for shares such as: B. the distribution rates of the fund compared to similar investments, investors’ expectations regarding future distribution changes, the clarity of the investment strategy and the fund’s future return expectations, and investors’ confidence in the underlying markets in which the fund invests. Fund shares are subject to investment risk, including the possible loss of the principal invested. No fund is a complete investment program and you can lose money investing in a fund. An investment in a Fund may not be suitable for all investors. Before investing, prospective investors should carefully consider the Fund’s investment objective, risks, charges and expenses.

Certain statements made in this press release on behalf of the Funds are forward-looking statements. The Funds’ actual future results could differ materially from those anticipated in the forward-looking statements due to a number of factors, including but not limited to a decrease in the value of the stock markets generally or the Funds’ investments in particular. Neither the Funds nor Voya Investment Management undertakes any obligation to publicly update or revise any forward-looking statements.

This information should not be used as the basis for legal and/or tax advice. In each specific case, the parties involved should seek advice from their own legal and tax advisors.

About Voya® Investment Management

Voya Investment Management has approximately $330 billion* in assets under management across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year heritage of active investing and the expertise of 300+ investment professionals. Voya IM has been recognized as a Best Place to Work in Money Management by Pensions & Investments for seven consecutive years and has cultivated a culture based on a commitment to understanding and anticipating client needs, delivering strong investment performance and diversity, Embedding equity and inclusion into its corporate culture business. (*AUM as of 06/30/22, reflecting pro forma assets of Voya IM and select Allianz Global Investors US strategies, integrated as of 07/25/22.)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005967/en/

CONTACT: SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com

CONTACT: Kris Kagel, (800) 992-0180

KEYWORD: ARIZONA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Voya Financial, Inc.

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PUB: 09/15/2022 16:42 / DISC: 09/15/2022 16:42

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