SCOTTSDALE, Ariz., May 25, 2011 /PRNewswire/ -- www.ingfunds.com --
ING Investments, LLC announced the quarterly distribution on the
common shares of one of its closed-end funds: ING Emerging Markets
High Dividend Equity Fund (NYSE: IHD) (the "Fund"). The
distribution will be paid on July 15,
2011, to shareholders of record on July 6, 2011. The ex-dividend date is
July 1, 2011. The distribution
per share for the Fund is as follows:
Fund
|
Distribution
Per Share
|
|
ING Emerging Markets High
Dividend Equity Fund (NYSE: IHD)
|
$0.400
|
|
|
|
|
|
|
The Fund intends to make regular quarterly distributions based
on the past and projected performance of the Fund. The amount of
quarterly 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 the Fund will be able to declare a distribution
in each period.
The tax treatment and characterization of the 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. The
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 the Fund's quarterly 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.
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 Funds investments specifically. Neither the Funds nor ING
undertake any responsibility to update publicly or revise any
forward-looking statement.
ING Investments, LLC, the manager of the Funds, is part of ING,
a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services to over 75
million private, corporate and institutional clients in more than
50 countries. With a diverse workforce of about 125,000 people, ING
comprises a broad spectrum of prominent companies that increasingly
serve their clients under the ING brand.
SOURCE ING