Voya Global Advantage and Premium Opportunity Fund and Voya Infrastructure, Industrials and Materials Fund Announce Quarterly Distribution Payment | Company

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–July 15, 2022–

Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information regarding Fund distributions declared in June 2022. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan”) and an exemption order received from the United States Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to shareholders at a fixed amount per common share. This information is being sent to you for informational purposes only and is an estimate of the sources for the July distribution. They are not determinative of the tax character of distributions from the Funds for the calendar year 2022. Shareholders should note that the total amount of regular distributions from the Funds is subject to change due to market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not provided for tax reporting purposes, and the distribution may subsequently be determined to be from other sources, including short-term realized gains, long-term gains, to the extent permitted by law and return of capital. The actual amounts and sources for tax reporting purposes will depend on the investment experience of the Fund over the remainder of its financial year and may be subject to change depending on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

Broadcast period: Second quarter 2022, payable July 15, 2022

Amount of the distribution per ordinary share (IGA): $0.197

Amount of distribution per ordinary share (IDE): $0.229

The following table shows an estimate of the sources of the Fund’s July distribution and its cumulative distributions paid during the year to date. Amounts are expressed per common share and as a percentage of the amount of the distribution.

Voya Global Advantage and Premium Opportunity Funds

Source

Running
Distribution

% of current
Distribution

Cumulative
Distribution for the
Fiscal year to date

% of total
Distribution for the
Fiscal year to date 1

Net investment income

$0.064

32.59%

$0.124

31.40%

Short-term net realized capital gains

$0.133

67.41%

$0.270

68.60%

Net realized long-term capital gains

$0.000

0.00%

$0.000

0.00%

Return of capital or other source(s) of capital

$0.000

0.00%

$0.000

0.00%

Total per common share

$0.197

100.00%

$0.394

100.00%

Voya Fund for Infrastructure, Industry and Materials

Source

Running
Distribution

% of current
Distribution

Cumulative
Distribution for the
Fiscal year to date

% of total
Distribution for the
Fiscal year to date 1

Net investment income

$0.100

43.58%

$0.140

30.46%

Short-term net realized capital gains

$0.129

56.42%

$0.318

69.54%

Net realized long-term capital gains

$0.000

0.00%

$0.000

0.00%

Return of capital or other source(s) of capital

$0.000

0.00%

$0.000

0.00%

Total per common share

$0.229

100.00%

$0.458

100.00%

1 The financial year of the Fund runs from March 1, 2022 to February 28, 2023.

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 Plan. The Fund believes that it has distributed more than its income and net realized capital gains; therefore, part 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 have invested in the Funds is returned to you. A return of capital distribution does not necessarily reflect the investment performance of the Funds and should not be confused with “yield” or “income”. The amounts and sources of distributions reported in this Notice under Section 19(a) are estimates only and are not provided for tax reporting purposes. The actual amounts and sources of amounts for tax reporting purposes will depend on the investment experience of the Fund over the remainder of its financial year and may be subject to change depending on tax regulations. The Funds will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

The tables below present information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.

Voya Global Advantage and Premium Opportunity Funds

Average annual total return at net asset value for the five-year period ended June 30, 2022 1

5.78%

Current annualized distribution rate expressed as a percentage of NAV as of June 30, 2022 2

7.64%

Cumulative total return at net asset value for the year to June 30, 2022 3

0.10%

Year-to-date cumulative distribution rate as a percentage of net asset value as of June 30, 2022 4

3.82%

Voya Fund for Infrastructure, Industry and Materials

Average annual total return at net asset value for the five-year period ended June 30, 2022 1

1.88%

Current annualized distribution rate expressed as a percentage of NAV as of June 30, 2022 2

8.25%

Cumulative total return at net asset value for the year to June 30, 2022 3

-9.60%

Year-to-date cumulative distribution rate as a percentage of net asset value as of June 30, 2022 4

4.13%

1 Average annual total return to net asset value represents the compounded average of the annual total returns to net asset value of the Fund for the five-year period ending June 30, 2022.

2 The current annualized distribution rate is the annualized cumulative distribution rate as a percentage of the net asset value of the Fund as of June 30, 2022.

3 Cumulative total return to net asset value is the percentage change in the net asset value of the Fund for the period from the beginning of its financial year to June 30, 2022, including distributions paid and assuming the reinvestment of such distributions.

4 Year-to-date cumulative distribution rate for the period since the start of the year as a percentage of the net asset value of the Fund as of June 30, 2022.

Past performance is not indicative of future results. Performance quoted represents 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. Actual performance may be lower or higher than quoted performance data.

Shares of closed-end funds often trade at a discount to their net asset value. The market price of shares in the Fund may differ from the net asset value depending on factors affecting supply and demand for shares, such as the distribution rates of the Fund compared to similar investments, investors’ expectations regarding future distribution changes, the clarity of the Fund’s investment strategy and the return expectations and confidence of investors in the underlying markets in which the Fund invests. The shares of the Fund are subject to investment risk, including possible loss of principal invested. No fund is a complete investment program and you can lose money investing in a fund. An investment in a Fund may not be suitable for all investors. Before investing, potential 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 actual future results of the Fund may differ materially from those anticipated in the forward-looking statements due to many factors, including, but not limited to, a decline in the value of stock markets generally or of the Fund’s investments in particular. Neither the Fund nor Voya Investment Management undertakes to publicly update or revise any forward-looking statement.

This information should not be used as the basis for legal and/or tax advice. In all specific cases, the parties concerned should seek the advice and guidance of their own legal and tax advisor.

About Voya® Investment Management

An active and leading asset management company, Voya Investment Management manages, as of March 31, 2022, more than $253 billion for affiliated and external institutions as well as individual investors. With over 40 years of experience in asset management, Voya Investment Management has the experience and resources to provide its clients with investment solutions focused on equities, fixed income, strategies and alternative and multi-asset solutions. Voya Investment Management has been named each year since 2015 as “Best Places to Work” by Pensions and investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220715005317/en/

CONTACT: SHAREHOLDER INFORMATION: Shareholder Services at (800) 992-0180;voyainvestments.com

CONTACT: Kris Kagel, (800) 992-0180

KEYWORD: UNITED STATES NORTH AMERICA ARIZONA

SECTOR KEYWORD: ASSET MANAGEMENT ADVISORY PROFESSIONAL SERVICES FINANCE

SOURCE: Voya Financial, Inc.

Copyright BusinessWire 2022.

PUBLISHED: 07/15/2022 16:28 / DISK: 07/15/2022 16:28

http://www.businesswire.com/news/home/20220715005317/en

Comments are closed.