SCOTTSDALE, Ariz., March 15, 2012 /PRNewswire/ --
www.ingfunds.com ING Investments, LLC announced the
distributions on the common shares of seven of its closed-end funds
(each a "Fund" and collectively, the "Funds"): ING Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD) and ING
International High Dividend Equity Income Fund (NYSE: IID) declare
monthly distributions. ING Infrastructure, Industrials and
Materials Fund (NYSE: IDE), ING Global Advantage and Premium
Opportunity Fund (NYSE: IGA), ING Risk Managed Natural Resources
Fund (NYSE: IRR), ING Asia Pacific High Dividend Equity Income Fund
(NYSE: IAE) and ING Emerging Markets High Dividend Equity Fund
(NYSE: IHD) declare quarterly distributions.
With respect to each Fund, the distribution will be paid on
April 16, 2012, to shareholders of
record on April 4, 2012. The
ex-dividend date is April 2, 2012.
The distribution per share for each Fund is as follows:
Fund
|
Distribution Per Share
|
Monthly
Distributions
|
|
ING Global
Equity Dividend and Premium Opportunity Fund (NYSE: IGD)
|
$0.093
|
ING
International High Dividend Equity Income Fund (NYSE:
IID)
|
$0.086
|
|
|
Quarterly
Distributions
|
|
|
|
ING
Infrastructure, Industrials and Materials Fund (NYSE:
IDE)
|
$0.450
|
ING Global
Advantage and Premium Opportunity Fund (NYSE: IGA)
|
$0.312
|
ING Risk
Managed Natural Resources Fund (NYSE: IRR)
|
$0.330
|
ING Asia
Pacific High Dividend Equity Income Fund (NYSE:
IAE)
|
$0.396
|
ING
Emerging Markets High Dividend Equity Fund (NYSE: IHD)
|
$0.400
|
Each Fund intends to make regular monthly or quarterly
distributions based on the past and projected performance of the
Fund. The amount of distributions 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 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 29, 2012, approximately 22%
of each distribution is characterized as net investment income and
78% is characterized as return of capital.
IID estimates that for the current fiscal year as of
February 29, 2012, approximately 16%
of each distribution is characterized as net investment income and
84% is characterized as return of capital.
Quarterly Distributions
IDE estimates that for the prior fiscal year as of
December 31, 2011, approximately 22%
of each distribution is characterized as net investment income, 52%
is characterized as short-term capital gain, 24% is characterized
as long-term capital gain and 2% is characterized as return of
capital.
IGA estimates that for the prior fiscal year as of
December 31, 2011, approximately 10%
of each distribution is characterized as net investment income and
90% is characterized as short-term capital gain.
IRR estimates that for the prior fiscal year as of
December 31, 2011, approximately 4%
of each distribution is characterized as net investment income, 67%
is characterized as short-term capital gain and 29% is
characterized as return of capital.
IAE estimates that for the prior fiscal year as of
December 31, 2011, approximately 18%
of each distribution is characterized as net investment income, 40%
is characterized as short-term capital gain and 42% is
characterized as return of capital.
IHD estimates that for the prior fiscal year as of
December 31, 2011, approximately 14%
of each distribution is characterized as net investment income and
86% is characterized as return of capital.
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 ING
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.
ING Investment Management U.S. (ING IM U.S.) is a leading active
asset management firm. As of December 31,
2011, ING IM U.S. manages approximately $166 billion for both affiliated and external
institutions as well as individual investors. ING IM U.S. has the
experience and resources to invest responsibly across asset
classes, geographies and investment styles. Through our global
asset management network, we provide clients with access to
domestic, regional and global investment solutions.
SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800)
992-0180; www.ingfunds.com
SOURCE ING