Voya Investment Management, the asset management arm of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions for the common shares of three of its closed-end funds (each referred to as a “Fund” and collectively, the Funds”).
For each Fund, the distribution will be paid on April 15, 2024, to shareholders of record as of April 2, 2024. The ex-dividend date is April 1, 2024. The distribution per share for each Fund is as follows:
| Fund | Distribution Per Share |
|---|---|
| Monthly Distributions | |
| Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) | $0.040 |
| Quarterly Distributions | |
| Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) | $0.160 |
| Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) | $0.135 |
Each Fund intends to maintain regular monthly or quarterly distributions based on past and projected performance. The amount of these distributions may vary depending on various factors, including portfolio and market conditions. It’s important to note that past performance does not guarantee future results.
The tax treatment of each Fund’s distributions may vary, influenced by factors such as net investment income, realized gains or losses from options strategies, and equity securities in the portfolio. These distributions typically comprise income from dividends, interest, capital gains, and/or a return of capital.
The proportion of each Fund’s distributions attributed to its option strategy, for tax purposes, may include long-term and short-term capital gains, and/or a return of capital. Federal tax regulations might also affect the tax treatment of the return of capital. The final tax characteristics of the distributions will be reported to shareholders after the end of the calendar year.
For the current fiscal year as of February 29, 2024, IGD estimates that approximately 7% of each distribution is characterized as net investment income and 93% as a return of capital. For the prior fiscal year as of December 31, 2023, IAE estimates that approximately 18% of each distribution is net investment income and 82% is a return of capital, while IHD estimates approximately 16% net investment income and 84% return of capital.
Closed-end fund shares often trade at a discount from their net asset value, influenced by factors like distribution rates, expectations for future changes, investment strategy, and market confidence. These shares are subject to investment risk, including the potential loss of principal invested.
Investors should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing. This information should not be relied upon as legal or tax advice; investors should consult their own legal and tax advisors for specific guidance.
