ING PRIME RATE TRU : ING Prime Rate Trust (NYSE: PPR) Dividend Declaration

ING Prime Rate Trust (NYSE: PPR):

TO: Interested Parties

DATE: January 31, 2011

The following dividend information is for the 31 days of January for ING Prime Rate Trust (CUSIP No. 44977W 10 6):

DIVIDEND: $0.0250

Declaration Date: 1/31/11

Ex. Date: 2/08/11

Record Date: 2/10/11

Payable Date: 2/23/11

ING Investments, LLC.

Dan Norman

7337 E. Doubletree Ranch Road

Sr. Vice President

Scottsdale, AZ 85258

Phone: [phone]

Fax: [phone]

If you would like to receive this Dividend Declaration via email,

please contact Bonnie Dacier at [e-mail]

ING Prime Rate Trust
Dan Norman, 480-477-2112