SCOTTSDALE, Ariz., March 15, 2013 /PRNewswire/ -- www.ingfunds.com
-- ING Investments, LLC announced the monthly distributions on the
common shares of two of its closed-end funds: ING Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD) and ING
International High Dividend Equity Income Fund (NYSE: IID) (each a
"Fund" and collectively, the "Funds"). With respect to each Fund,
the distribution will be paid on April 15,
2013, to shareholders of record on April 3, 2013. The ex-dividend date is
April 1, 2013. 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)
|
$0.084
|
ING
International High Dividend Equity Income Fund (NYSE:
IID)
|
$0.077
|
Quarterly
Distributions
|
|
ING
Infrastructure, Industrials and Materials Fund (NYSE:
IDE)
|
$0.405
|
ING Global
Advantage and Premium Opportunity Fund (NYSE: IGA)
|
$0.280
|
ING Risk
Managed Natural Resources Fund (NYSE: IRR)
|
$0.280
|
ING Asia
Pacific High Dividend Equity Income Fund (NYSE: IAE)
|
$0.355
|
ING
Emerging Markets High Dividend Equity Fund (NYSE: IHD)
|
$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 February 28,
2013, approximately 14% of each distribution is
characterized as net investment income, 36% is characterized as
short-term capital gain and 50% is characterized as return of
capital.
IID estimates that for the current fiscal year as of
February 28, 2013, approximately 14%
of each distribution is characterized as net investment income, 24%
is characterized as short-term capital gain and 62% is
characterized as return of capital.
Quarterly Distributions
IDE estimates that for
the previous fiscal year as of December 31,
2012, approximately 17% of each distribution is
characterized as net investment income, 12% is characterized as
long-term capital gain and 71% is characterized as return of
capital.
IGA estimates that for the previous fiscal year as of
December 31, 2012, approximately 37%
of each distribution is characterized as net investment income, 19%
is characterized as short-term capital gain, 27% is characterized
as long-term capital gain, and 17% is characterized as return of
capital.
IRR estimates that for the previous fiscal year as of
December 31, 2012, approximately 8%
of each distribution is characterized as net investment income and
92% is characterized as return of capital.
IAE estimates that for the previous fiscal year as of
December 31, 2012, approximately 37%
of each distribution is characterized as net investment income and
63% is characterized as return of capital.
IHD estimates that for the previous fiscal year as of
December 31, 2012, approximately 20%
of each distribution is characterized as net investment income and
80% 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 December 31,
2012, ING U.S. IM manages approximately $183 billion for both affiliated and external
institutions as well as individual investors. Drawing on 40 years
of history in investment management, ING U.S. IM has the experience
and resources to invest responsibly across asset classes,
geographies and investment styles. 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