SCOTTSDALE, Ariz., March 17, 2014 /PRNewswire/ -- ING Investments,
LLC announced the distributions on the common shares of six of its
closed-end funds (each a "Fund" and collectively, the "Funds"): ING
Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and
ING International High Dividend Equity Income Fund (NYSE: IID)
declare monthly distributions. ING Global Advantage and Premium
Opportunity Fund (NYSE: IGA), ING Risk Managed Natural Resources
Fund (NYSE: IRR), ING Asia Pacific High Dividend Equity Income Fund
(NYSE: IAE) and ING Emerging Markets High Dividend Equity Fund
(NYSE: IHD) declare quarterly distributions.
With respect to each Fund, the distribution will be paid on
April 15, 2014, to shareholders of
record on April 3, 2014. The
ex-dividend date is April 1, 2014.
The distribution per share for each Fund is as follows:
|
Fund
|
Distribution Per
Share
|
|
Monthly
Distributions
|
|
|
ING Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD)
|
$0.076
|
|
ING International
High Dividend Equity Income Fund (NYSE: IID)
|
$0.069
|
|
|
|
Quarterly
Distributions
|
|
|
ING Global Advantage
and Premium Opportunity Fund (NYSE: IGA)
|
$0.280
|
|
ING Risk Managed
Natural Resources Fund (NYSE: IRR)
|
$0.252
|
|
ING Asia Pacific High
Dividend Equity Income Fund (NYSE: IAE)
|
$0.320
|
|
ING Emerging Markets
High Dividend Equity Fund (NYSE: IHD)
|
$0.288
|
Each Fund intends to make regular monthly/quarterly
distributions based on the past and projected performance of the
Fund. The amount of monthly/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 tax treatment and characterization of a Fund's distributions
may vary significantly from time to time depending on the net
investment income of the Fund and whether the Fund has realized
gains or losses from its options strategy versus gain or loss
realizations in the equity securities in the portfolio. Each Fund's
distributions will normally reflect past and projected net
investment income, and may include income from dividends and
interest, capital gains and/or a return of capital.
The portion of each Fund's monthly/quarterly distributions
estimated to come from the Fund's option strategy, for tax
purposes, may be treated as a combination of long-term and
short-term capital gains, and/or a return of capital. The tax
character of each Fund's option strategy is largely determined by
movements in, and gain and loss realizations in the underlying
equity portfolio. Under certain conditions, federal tax regulations
may also cause some or all of the return of capital to be taxed as
ordinary income. The final tax characteristics of the distributions
cannot be determined with certainty until after the end of the
calendar year, and will be reported to shareholders at that
time.
Monthly Distributions
IGD estimates that for
the current fiscal year as of February 28,
2014, approximately 60% of each distribution is
characterized as net investment income, 28% is characterized as
short-term capital gain and 12% is characterized as return of
capital.
IID estimates that for the current fiscal year as of
February 28, 2014, approximately 16%
of each distribution is characterized as net investment income and
84% is characterized as short-term capital gain.
Quarterly Distributions
IGA estimates that for
the prior fiscal year as of December 31,
2013, approximately 24% of each distribution is
characterized as net investment income and 76% is characterized as
return of capital.
IRR estimates that for the prior fiscal year as of
December 31, 2013, approximately 10%
of each distribution is characterized as net investment income and
90% is characterized as return of capital.
IAE estimates that for the prior fiscal year as of
December 31, 2013, approximately 25%
of each distribution is characterized as net investment income and
75% is characterized as short-term capital gain.
IHD estimates that for the prior fiscal year as of
December 31, 2013, approximately 23%
of each distribution is characterized as net investment income and
77% is characterized as return of capital.
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 ING 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.
ING U.S. Investment Management, which plans to rebrand as Voya
Investment Management in May 2014, is
a leading active asset management firm. As of December 31, 2013, ING U.S. IM manages
approximately $200 billion for
affiliated and external institutions as well as for individual
investors. Drawing on 40 years of history in investment management,
ING U.S. IM has the experience and resources to provide clients
with investment solutions with an emphasis on equities, fixed
income, and multi-asset and income strategies. For more
information, visit http://inginvestment.com.
SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800)
992-0180; www.ingfunds.com
SOURCE ING U.S. Investment Management