|Bid||56.45 x 900|
|Ask||58.13 x 900|
|Day's Range||57.35 - 58.29|
|52 Week Range||29.75 - 63.81|
|Beta (5Y Monthly)||1.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb. 09, 2021|
|Forward Dividend & Yield||0.60 (1.04%)|
|Ex-Dividend Date||Nov. 27, 2020|
|1y Target Est||67.08|
The Board of Trustees (the "Board") has determined that it is in the best interest of Voya Prime Rate Trust ("the Fund") (NYSE: PPR) and its shareholders to repay the Fund’s outstanding borrowings under the Fund’s line of credit (the "LOC") to address concerns they have about terms related to the LOC and the Fund’s ability to obtain a long-term extension of the LOC . In furtherance of this determination, the Board has directed Voya Investments, LLC (the "Adviser") to take the appropriate actions to repay the Fund’s outstanding borrowings under the LOC.
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the monthly distributions on the common shares of two of its closed-end funds (each a "Fund" and collectively, the "Funds").
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the "Funds") today announced important information concerning the Funds’ distributions declared in December 2020. This press release is issued as required by the Funds’ Managed Distribution Plan (the "Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the January distribution. It is not determinative of the tax character of the Funds’ distributions for the 2020 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.