Voya Global Equity Dividend and Premium Opportunity Fund V.IGD.H

Primary Symbol: IGD

Voya Global Equity Dividend and Premium Opportunity Fund (the Fund) is a diversified closed-end management investment company. The Fund may lend portfolio securities in an amount equal to up to 33 1/3% of its managed assets to broker dealers or other institutional borrowers, in exchange for cash collateral and fees. The Fund may use the cash collateral in connection with the Fund’s investment program as approved by the investment adviser, including generating cash to cover collateral posting requirements. The use of cash collateral in connection with the Fund’s investment program may have a leveraging effect on the Fund, which would increase the volatility of the Fund and could reduce its returns and/or cause a loss. The Fund intends to engage in lending portfolio securities only when such lending is secured by cash or other permissible collateral in an amount at least equal to the market value of the securities loaned. Voya Investments, LLC is the investment advisor of the Fund.

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Voya Global Equity Dividend and Premium Opportunity Fund > Cleaning up??

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Post by sedamaderaon Nov 29, 2018 12:56pm

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Post# 29040367

Cleaning up??

From recent MD&A

During the year ended July 31, 2018, the Company sold its interest in Ttaggit Social Networking Inc. (“TTAGIT”) in exchange for nominal consideration. In connection with the sale, the Company also forgave a total of $341,497 in amounts receivable from TTAGIT. As a result of the sale and loss of control, the Company derecognized the net assets of TTAGIT. The Company recognized a loss of $(163,532) on de-recognition of the net assets and forgiveness of debt.

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