Voya Equity Closed End Fund Declares Distribution
May 15 2023 - 4:30PM
Business Wire
Voya Investment Management, the asset management business of
Voya Financial, Inc. (NYSE: VOYA), announced today the monthly
distribution on the common shares of one of its closed-end
funds.
With respect to the Fund, the distribution will be paid on June
15, 2023, to shareholders of record on June 2, 2023. The
ex-dividend date is June 1, 2023. The distribution per share for
the Fund is as follows:
Fund
Distribution Per Share
Voya Global Equity Dividend and
Premium Opportunity Fund (NYSE: IGD)
$0.040
IGD intends to make regular monthly distributions based on the
past and projected performance of the Fund. The amount of a Fund’s
distribution 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 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 monthly distribution is 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 the 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
April 30, 2023, approximately 32% of each distribution is
characterized as net investment income and 68% is characterized as
return of capital.
Shares of closed-end funds often trade at a discount from their
net asset value. The market price of Fund shares may vary from net
asset value based on factors affecting the supply and demand for
shares, such as Fund distribution rates relative to similar
investments, investors' expectations for future distribution
changes, the clarity of the Fund's investment strategy and future
return expectations, and investors' confidence in the underlying
markets in which the Fund invests. Fund shares are subject to
investment risk, including possible loss of principal invested. No
Fund is a complete investment program and you may lose money
investing in a Fund. An investment in a Fund may not be appropriate
for all investors. Before investing, prospective investors should
carefully consider the Fund's investment objective, risks, charges
and expenses.
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 Fund’s investments specifically. Neither the Fund 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
Voya Investment Management manages approximately $327 billion as
of March 31, 2023 in assets across public and private fixed income,
equities, multi-asset solutions and alternative strategies for
institutions, financial intermediaries and individual investors,
drawing on a 50-year legacy of active investing and the expertise
of 300+ investment professionals. Named a Best Place to Work in
Money Management by Pensions & Investments for eight
consecutive years, Voya IM has cultivated a culture grounded in a
commitment to understanding and anticipating clients’ needs,
producing strong investment performance, and embedding diversity,
equity and inclusion in its business.
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SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180;
voyainvestments.com
CONTACT: Kris Kagel, (800) 992-0180
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