SCOTTSDALE, Ariz., June 16, 2014 /PRNewswire/ -- Voya Investments, LLC announced the quarterly distribution on the common shares of one of its closed-end funds: Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the "Fund").
With respect to the Fund, the distribution will be paid on July 16, 2014, to shareholders of record on July 3, 2014. The ex-dividend date is July 1, 2014. The distribution per share for the Fund is $0.405.
The Fund intends to make regular quarterly distributions based on the past and projected performance of the Fund. The amount of quarterly distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change. There can be no assurance that a Fund will be able to declare a distribution in each period. Past performance is no guarantee of future results.
The following information is required under the Fund's managed distribution policy and sets forth an estimate of the sources of the Fund's distribution paid April 15, 2014 and distributions paid fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
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Voya Infrastructure, Industrials and Materials Fund
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Source
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April
Distribution
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% of April Distribution
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Cumulative
Distributions paid
Fiscal Year-to-Date
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% of the Cumulative
Distributions paid
Fiscal Year-to-Date1
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Net Investment Income
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$ 0.233
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57.57%
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$ 0.233
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57.57%
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Net Realized Short-Term Capital Gains
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$ 0.078
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19.24%
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$ 0.078
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19.24%
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Net Realized Long-Term Capital Gains
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$ 0.068
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16.78%
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$ 0.068
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16.78%
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Return of Capital or Other Capital Source(s)
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$ 0.026
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6.41%
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$ 0.026
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6.41%
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Total per common share
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$ 0.405
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100%
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$ 0.405
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100%
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1 The Fund's fiscal year is March 1, 2014 to February 28, 2015.
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IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Press Release are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.
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Average annual total return at NAV for the inception to date period ended on March 31, 20141
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10.17%
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Annualized current distribution rate expressed as a percentage of NAV as of March 31, 20142
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8.30%
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Cumulative total return at NAV for the fiscal year through March 31, 20143
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0.93%
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Cumulative fiscal year to date distribution rate as a percentage of NAV as of March 31, 20144
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0.00%
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1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the inception to date period ended on March 31, 2014.
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2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of March 31, 2014.
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3 Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to March 31, 2014 including distributions paid and assuming reinvestment of those distributions.
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4 Cumulative distribution rate for the year-to-date period as a percentage of the Fund's NAV as of March 31, 2014.
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Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
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 consider carefully the Fund's investment objective, risks, charges and expenses.
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 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, 2014, approximately $207 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: Voya funds Shareholder Services at (800) 992-0180; voyainvestments.com
SOURCE Voya Investments, LLC