Voya Prime Rate Trust Announces Commencement of Tender Offer for its Common Shares
December 03 2020 - 4:32PM
Business Wire
Voya Prime Rate Trust (NYSE: PPR) (the “Fund”), today announced
the commencement of a tender offer for its outstanding common
shares.
As previously announced, the Fund will purchase for cash up to
15% of its outstanding common shares, at a price equal to 99% of
the Fund’s NAV per share as determined as of the close of the
regular trading session of the New York Stock Exchange (“NYSE”) on
the day the tender offer expires. The tender offer will expire on
January 4, 2021 at 5:00 p.m. Eastern time, unless otherwise
extended.
The terms and conditions of the tender offer are set forth in
the Fund’s tender offer statement on Schedule TO, including the
offer to purchase and related Letter of Transmittal, that has been
filed with the Securities and Exchange Commission (the “SEC”).
Important Notice
This press release is for informational purposes only and shall
not constitute a recommendation or an offer or a solicitation to
buy any common shares. The offer to purchase Fund common shares is
being made pursuant to an offer on Schedule TO. COMMON SHAREHOLDERS
ARE URGED TO READ THE TENDER OFFER MATERIALS, INCLUDING THE OFFER
TO PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING
THE TENDER OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME
TO TIME, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF
COMMON SHARES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING
TENDERING THEIR SHARES. Common shareholders may obtain a free copy
of any of these statements and other documents filed with the SEC
at the website maintained by the SEC at www.sec.gov or by directing
such requests to the Fund.
About Voya® Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of September 30, 2020, over $238 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 and
2019 as a “Best Places to Work” by Pensions and Investments
magazine. For more information, visit voyainvestments.com. Follow
Voya Investment Management on Twitter @VoyaInvestments.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201203006115/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
CONTACT: Kris Kagel, (800) 992-0180
Voya Prime Rate (NYSE:PPR)
Historical Stock Chart
From Jun 2024 to Jul 2024
Voya Prime Rate (NYSE:PPR)
Historical Stock Chart
From Jul 2023 to Jul 2024