SCOTTSDALE, Ariz., July 15, 2015 /PRNewswire/ -- Voya
Investments, LLC announced the monthly distributions on the common
shares of two of its closed-end funds: Voya Global Equity Dividend
and Premium Opportunity Fund (NYSE: IGD) and Voya 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
August 17, 2015, to shareholders of
record on August 5, 2015. The
ex-dividend date is August 3, 2015.
The distribution per share for each Fund is as follows:
Fund
|
Distribution Per
Share
|
Voya Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD)
|
$0.076
|
Voya International
High Dividend Equity Income Fund (NYSE: IID)
|
$0.069
|
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.
IGD estimates that for the current fiscal year as of
June 30, 2015, approximately 28% of
each distribution is characterized as net investment income, 39% is
characterized as short-term capital gain and 33% is characterized
as return of capital.
IID estimates that for the current fiscal year as of
June 30, 2015, approximately 34% of
each distribution is characterized as net investment income, 5% is
characterized as short-term capital gain and 61% 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 Voya
Investment Management 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.
About Voya Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of March 31,
2015, more than $200 billion
for affiliated and external institutions as well as individual
investors. With 40 years of history in asset management, Voya
Investment Management has the experience and resources to provide
clients with investment solutions with an emphasis on equities,
fixed income, and multi-asset strategies and solutions. For more
information, visit voyainvestments.com. Follow Voya Investment
Management on Twitter @VoyaInvestments.
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
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SOURCE Voya Investment Management