SCOTTSDALE, Ariz.--( BUSINESS WIRE )--Voya Global Advantage and Premium opportunity (SO:) Fund (NYSE: IGA ) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE ) (the Funds) today announced important information regarding fund distributions announced in November 2024. This press release is issued as required. Funds Managed Distribution Plan (the "Plan") and an exemption order obtained from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of a monthly cash distribution plan to common shareholders.This information is for informational purposes only. purposes and is not an estimate of the sources of the December distribution. The tax character of the Fund's distribution for the 2024 calendar year should take into account that the Fund's total regular distribution amount is subject to change as a result of the market. conditions or other factors.
The distribution amounts and sources stated in this notice are estimates, not being provided for tax reporting purposes and distributions may be determined later from other sources including short-term profits, long-term profits, through To the extent permitted by law, and return of capital. Actual amounts and sources for tax reporting purposes will depend on the Funds' investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that tells you how to report these distributions for federal income tax purposes.
Monthly Distribution: Payable on December 16, 2024
Distribution amount per common share (IGA): $0.085
Amount of distribution per common share (IDE): $0.100
The following table sets forth an estimate of the Fund's December distribution sources and cumulative distributions paid to date for this fiscal year. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
Voya Global Advantage and Premium Opportunity Fund | ||||
source | present | % of current | Accumulation
| % of Accumulation
|
Net investment income | is $0.014 | 15.99% | is $0.203 | 23.17% |
Net realized short term capital gains | $0.000 | 0.00% | $0.000 | 0.00% |
Long term capital gains are realized | is $0.043 | 50.75% | is $0.252 | 28.71% |
Return of capital or other capital resources | is $0.028 | 33.26% | is $0.422 | 48.12% |
Total (EPA:) per common share | is $0.085 | 100.00% | is $0.877 | 100.00% |
Voya Infrastructure, Industrial and Materials Fund | ||||
source | present | % of current | Accumulation
| % of Accumulation
|
Net investment income | is $0.004 | 4.08% | is $0.142 | 14.84% |
Net realized short term capital gains | is $0.023 | 23.07% | is $0.110 | 9.34% |
Long-term capital gains are realized | is $0.073 | 72.84% | is $0.444 | 37.25% |
Return of capital or other capital resources | $0.000 | 0.00% | is $0.333 | 38.57% |
Total per common share | $0.100 | 100.00% | is $1.029 | 100.00% |
1 The financial year of the Fund is March 1, 2024 to February 28, 2025.
Important disclosure: You should not draw any conclusions about the investment performance of the Funds from the amount of this distribution or the terms of the Funds Scheme. Funds estimate 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 you invested in the funds is paid back to you. Return on capital allocation does not necessarily reflect the investment performance of funds and should not be confused with Ëśyield' or Ëśincome'. The amounts and sources of distributions set forth in this Section 19(a) Notice are estimates only and are not being provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Funds' investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. The Fund' will send you a Form 1099-DIV for the calendar year that tells you how to report these distributions for federal income tax purposes.
The following table provides information related to the performance of the Fund based on its Net Asset Value (NAV) for certain periods.
Voya Global Advantage and Premium Opportunity Fund
Average annual total return on NAV for the five-year period ended November 29, 20241 | 7.49% |
Annual current distribution rate expressed as a percentage of NAV as of November 29, 20242 | 9.73% |
Cumulative Total Return on NAV for the financial year as of November 29, 20243 | 14.43% |
Cumulative fiscal year-to-date distribution rate as a percentage of NAV as of November 29, 20244 | 8.37% |
Voya infrastructure, industrial and material funds
Average annual total return on NAV for the five-year period ended November 29, 20241 | 8.15% |
Annualized current distribution rate expressed as a percentage of NAV as of November 29, 20242 | 9.90% |
Cumulative Total Return on NAV for the financial year as of November 29, 20243 | 12.80% |
Cumulative fiscal year-to-date distribution rate as a percentage of NAV as of November 29, 20244 | 8.49% |
1 | Average Annual Total Return on NAV represents the compound average of the Fund's annual NAV total return for the five-year period ending November 29, 2024. | |
2 | The annual current distribution rate is the annual cumulative distribution rate as a percentage of the fund's NAV as of November 29, 2024. | |
3 | Cumulative Total Return on NAV is the percentage change in the Fund's NAV for the period from the beginning of its fiscal year to November 29, 2024, including distributions paid and reinvestment of those distributions. | |
4 | Cumulative fiscal year distribution rate for the year-to-date period as a percentage of the Fund's NAV through November 29, 2024. |
Past performance is no guarantee of future results. Performance quoted refers to past performance. Investment returns and the 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 referenced performance data.
Shares of closed-end funds often trade at a discount to their net asset value. The market price of fund shares may differ 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 fund's investment Clarity of strategy and the future. return expectations, and investor confidence in the underlying markets in which the fund invests. Fund shares are subject to investment risk, including potential loss of principal invested. No Fund is a perfect investment program and you may lose the money you invest in the Fund. An investment in a fund may not be suitable 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 materially from those anticipated in any forward-looking statements due to a number of factors, including but not limited to declines in value in the equity markets generally or the Fund's investments in particular. Neither the Fund nor Voya Investment Management undertakes any obligation to publicly update or revise any forward-looking statement.
This information should not be used as a basis for legal and/or tax advice. In any particular case, the parties involved should seek the guidance and advice of their own legal and tax advisor.
About Voya ® Investment Management
Voya Investment Management manages over $340 billion in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors as of September 30, 2024, with a 50-year legacy of active investing. represents and the expertise of 300+ investment professionals. Voya IM has created a culture based on a commitment to understanding and anticipating customer needs, generating 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: Chris Cagle, (800) 992-0180
Source: Voya Financial (NYSE:), Inc.