VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND SCOTTSDALE, Ariz., Oct. 15, 2015 /PRNewswire/ -- Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) today announced important information concerning its distribution declared in September 2015. This press release is issued as required by the Fund's Managed Distribution Plan (the "Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make quarterly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the October distribution. It is not determinative of the tax character of the Fund's distributions for the 2015 calendar year. Shareholders should note that the Fund's total regular distribution amount is subject to change as a result of market conditions or other factors.
The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term 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 upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Distribution Period: Third
Quarter 2015, Payable October
15, 2015
Distribution Amount per Common
Share: $0.365
The following table sets forth an estimate of the sources of the Fund's October distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.
Voya Infrastructure, Industrials and Materials Fund
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Source Current Distribution % of Current Distribution Cumulative Distributions for % of the Cumulative
the Fiscal Year-to-Date Distributions for the Fiscal
Year-to-Date(1)
Net Investment Income $0.040 10.93% $0.232 19.73%
--------------------- ------ ----- ------ -----
Net Realized Short-Term Capital
Gains $0.000 0.00% $0.000 0.00%
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Net Realized Long-Term Capital Gains $0.177 48.60% $0.177 15.10%
------------------------------------ ------ ----- ------ -----
Return of Capital or Other Capital
Source(s) $0.148 40.47% $0.766 65.17%
---------------------------------- ------ ----- ------ -----
Total per common share $0.365 100.00% $1.175 100.00%
---------------------- ------ ------ ------ ------
1 The Fund's fiscal year is March 1, 2015 to February 29, 2016.
IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates 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 that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Set forth in the table below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods.
Average annual total return at
NAV for the five year period
ended on September 30,
2015(1) 3.22%
------------------------------ ----
Annualized current
distribution rate expressed
as a percentage of NAV as of
September 30, 2015(2) 10.09%
----------------------------- -----
Cumulative total return at NAV
for the fiscal year through
September 30, 2015(3) (9.52)%
------------------------------ ------
Cumulative fiscal year to date
distribution rate as a
percentage of NAV as of
September 30, 20154 8.12%
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1 Average annual total return at NAV represents
the compound average of the annual NAV total
returns of the Fund for the five year period ended
on September 30, 2015.
2 The annualized current distribution rate is the
cumulative distribution rate annualized as a
percentage of the Fund's NAV as of September 30,
2015.
3 Cumulative total return at NAV is the percentage
change in the Fund's NAV for the period from the
beginning of its fiscal year to September 30, 2015
including distributions paid and assuming
reinvestment of those distributions.
4 Cumulative fiscal year distribution rate for the
period from the year-to-date period as a
percentage of the Fund's NAV as of September 30,
2015.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and 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 performance data quoted.
Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary 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 clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully 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 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 Fund's investments specifically. Neither the Fund nor Voya Investment Management 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.
About Voya® Investment Management
A leading, active asset management firm, Voya Investment Management manages, as of June 30, 2015, more than $205 billion for affiliated and external institutions as well as individual investors. With 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com
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SOURCE Voya Investment Management
