Voya Investment Management, the asset management business of
Voya Financial, Inc. (NYSE: VOYA), announced today the
distributions on the common shares of four of its closed-end funds
(each a "Fund" and collectively, the "Funds").
With respect to each Fund, the distribution will be paid on
April 15, 2021, to shareholders of record on April 5, 2021. The
ex-dividend date is April 1, 2021. 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)
$0.215
Voya Emerging Markets High Dividend Equity
Fund (NYSE: IHD)
$0.180
Voya Natural Resources Equity Income Fund
(NYSE: IRR)
$0.077
As a reminder, as was announced on January 14th, 2021, the Board
of Trustees of Voya International High Dividend Equity Income Fund
(the “Fund”) (NYSE: IID) has approved a Plan of Liquidation and
Termination for the Fund. The Plan of Liquidation and Termination
is expected to take effect on or about March 31, 2021.
Each Fund intends to make regular monthly/quarterly
distributions based on the past and projected performance of the
Fund. The amount of a Fund’s distribution may vary, depending on a
number of factors. As portfolio and market conditions change, the
rate of distributions on the common shares may change. There can be
no assurance that a Fund will be able to declare a distribution in
each period. Past performance is no guarantee of future
results.
The tax treatment and characterization of a Fund’s distributions
may vary significantly from time to time depending on the net
investment income of the Fund and whether the Fund has realized
gains or losses from its options strategy versus gain or loss
realizations 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 a return of capital.
The portion of each Fund's monthly distributions estimated to
come from the Fund's option strategy, for tax purposes, may be
treated as a combination of long-term and short-term capital gains,
and/or a return of capital. The tax character of each Fund's option
strategy is largely determined by movements in, and gain and loss
realizations in the underlying equity portfolio. Under certain
conditions, federal tax regulations may also cause some or all of
the return of capital to be taxed as ordinary income. The final tax
characteristics of the distributions cannot be determined with
certainty until after the end of the calendar year, and will be
reported to shareholders at that time.
Monthly Distributions
IGD estimates that for the current fiscal year as of
February 28, 2021, approximately 18% of each distribution is
characterized as net investment income and 82% is characterized as
return of capital.
IID estimates that for the current fiscal year as of
February 28, 2021, approximately 100% of each distribution is
characterized as return of capital.
Quarterly Distributions
IAE estimates that for the current fiscal year as of
December 31, 2020, approximately 18% of each distribution is
characterized as net investment income and 82% is characterized as
return of capital.
IHD estimates that for the current fiscal year as of
December 31, 2020, approximately 18% of each distribution is
characterized as net investment income and 82% is characterized as
return of capital.
IRR estimates that for the current fiscal year as of
December 31, 2020, approximately 29% of each distribution is
characterized as net investment income and 71% is characterized as
return of capital.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. No
Fund is a complete investment program and you may lose money
investing in a Fund. An investment in a Fund may not be appropriate
for all investors. Before investing, prospective investors should
consider carefully the Fund's investment objective, risks, charges
and expenses.
Certain statements made on behalf of the Funds in this release
are forward-looking statements. The Funds’ actual future results
may differ significantly from those anticipated in any
forward-looking statements due to numerous factors, including but
not limited to a decline in value in equity markets in general or
the Funds’ investments specifically. Neither the Funds nor Voya
Investment Management undertake any responsibility to update
publicly or revise any forward-looking statement.
This information should not be used as a basis for legal and/or
tax advice. In any specific case, the parties involved should seek
the guidance and advice of their own legal and tax counsel.
About Voya® Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of December 31, 2020, over $245 billion for
affiliated and external institutions as well as individual
investors. With more than 40 years of history in asset management,
Voya Investment Management has the experience and resources to
provide clients with investment solutions with an emphasis on
equities, fixed income, and multi-asset strategies and solutions.
Voya Investment Management was named in 2015, 2016, 2017, 2018,
2019 and 2020 as a “Best Places to Work” by Pensions and
Investments magazine. For more information, visit
voyainvestments.com. Follow Voya Investment Management on Twitter
@VoyaInvestments.
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version on businesswire.com: https://www.businesswire.com/news/home/20210315005587/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com CONTACT: Kris Kagel, (800) 992-0180
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