Voya Closed End Funds Announce Share Repurchase Programs
07 Abril 2020 - 5:40PM
Business Wire
Voya Investments, LLC (the "Adviser") announced today an
open-market share repurchase program for the following closed end
funds:
NYSE
Ticker
Symbol
Fund Name
PPR
Voya Prime Rate Trust
IAE
Voya Asia Pacific High Dividend
Equity Income Fund
IHD
Voya Emerging Markets High
Dividend Equity Fund
IGA
Voya Global Advantage and Premium
Opportunity Fund
IGD
Voya Global Equity Dividend and
Premium Opportunity Fund
IDE
Voya Infrastructure, Industrials
and Materials Fund
IID
Voya International High Dividend
Equity Income Fund
IRR
Voya Natural Resources Equity
Income Fund
The Funds’ Board of Trustees has authorized an open-market share
repurchase program pursuant to which each Fund may purchase up to
10% of its stock in open-market transactions commencing on April 1,
2020 for no longer than a one year period.
The amount and timing of the repurchases will be at the
discretion of the Funds’ management, subject to market conditions
and investment considerations. There is no assurance that any Fund
will purchase shares at any particular discount levels or in any
particular amounts. Any repurchases made under this program would
be made on a national securities exchange at the prevailing market
price, subject to exchange requirements and volume, timing and
other limitations under federal securities laws. The share
repurchase program seeks to enhance shareholder value by purchasing
shares trading at a discount from their net asset value ("NAV") per
share.
Forward-Looking Statements
Certain statements made on behalf of the Fund in this release
are forward-looking statements. The Fund’s 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 Fund’s investments specifically. Neither the Fund nor Voya
Investment Management undertake any responsibility to update
publicly or revise any forward-looking statement.
About Voya Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of December 31, 2019, more than $223 billion
for affiliated and external institutions as well as individual
investors. With over 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.
IM0321-22976-0317
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version on businesswire.com: https://www.businesswire.com/news/home/20200407005809/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
Kris Kagel, (800) 992-0180
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