Voya Infrastructure, Industrials and Materials Fund announces an Equity Buyback up to 10% of its issued share capital.
April 07, 2020 at 12:00 am EDT
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Voya Infrastructure, Industrials and Materials Fund announces a share repurchase program. Under the program, the company will repurchase up to 10% of its issued share capital. The repurchases have commenced from April 1, 2020 and the program is valid for one year period.
Voya Infrastructure, Industrials and Materials Fund (the Fund) is a diversified closed-end fund. The Fund is focused on achieving its investment objective by investing in companies that own and/or operate infrastructure facilities in the infrastructure sector, and in a range of companies, principally in the industrials and materials sectors. The Fund will seek to achieve its investment objective by investing approximately 80% of its managed assets in the equity securities of, or derivatives having economic characteristics similar to the equity securities. The Fund will also seek to secure gains and develop the stability of returns over a market cycle by writing call options on selected indices and/or exchange-traded funds. It invests in various sectors, such as integrated telecommunication services, electric utilities, specialty chemicals, industrial conglomerates, and electrical components and equipment, among others. Voya Investments, LLC serves as the investment adviser to the Fund.
VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND 
