ING Global Equity Dividend and Premium Opportunity Fund, ING
International High Dividend Equity Income Fund, ING Infrastructure,
Industrials and Materials Fund, ING Global Advantage and Premium
Opportunity Fund, ING Risk Managed Natural Resources Fund, ING Asia
Pacific High Dividend Equity Income Fund and ING Emerging Markets
High Dividend Equity Fund Declare Monthly/Quarterly Distributions
SCOTTSDALE, Ariz., Dec. 17, 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
January 15, 2013, to shareholders of
record on December 31, 2012. The
ex-dividend date is December 27,
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)
ING International High
Dividend Equity Income Fund (NYSE: IID)
|
$0.084
$0.077
|
Quarterly
Distributions
|
|
ING Infrastructure,
Industrials and Materials Fund (NYSE: IDE)
ING Global Advantage and
Premium Opportunity Fund (NYSE: IGA)
|
$0.405
$0.280
|
ING Risk Managed Natural
Resources Fund (NYSE: IRR)
ING Asia Pacific High
Dividend Equity Income Fund (NYSE: IAE)
ING Emerging Markets High
Dividend Equity Fund (NYSE: IHD)
|
$0.280
$0.355
$0.360
|
Each Fund intends to make regular monthly distributions based on
the past and projected performance of the Fund. The amount of
monthly 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 monthly 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 November 30,
2012, approximately 27% of each distribution is
characterized as net investment income, 3% is characterized as
short-term capital gain, and 70% is characterized as return of
capital.
IID estimates that for the current fiscal year as of
November 30, 2012, approximately 26%
of each distribution is characterized as net investment income, 24%
is characterized as short-term capital gain and 50% is
characterized as return of capital.
Quarterly Distributions
IDE estimates that for
the current fiscal year as of September 30,
2012, approximately 18% of each distribution is
characterized as net investment income and 82% is characterized as
return of capital.
IGA estimates that for the current fiscal year as of
September 30, 2012, approximately 7%
of each distribution is characterized as net investment income, 8%
is characterized as short-term capital gain and 85% is
characterized as return of capital.
IRR estimates that for the current fiscal year as of
September 30, 2012, approximately 7%
of each distribution is characterized as net investment income and
93% is characterized as return of capital.
IAE estimates that for the current fiscal year as of
September 30, 2012, approximately 27%
of each distribution is characterized as net investment income and
73% is characterized as return of capital.
IHD estimates that for the current fiscal year as of
September 30, 2012, approximately 23%
of each distribution is characterized as net investment income and
77% 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 U.S. Investment Management (ING U.S. IM) is a leading active
asset management firm. As of September
30, 2012, ING U.S. IM manages approximately $179 billion for both affiliated and external
institutions as well as individual investors. ING U.S. IM has
the experience and resources to invest responsibly across asset
classes, geographies and investment style. 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 U.S. Investment Management