Voya Infrastructure, Industrials and Materials Fund announces an Equity Buyback up to 15% of its issued share capital.
February 22, 2021 at 12:00 am EST
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Voya Infrastructure, Industrials and Materials Fund announces a share repurchase program. Under the program, the company will repurchase up to 15% of its issued share capital. The repurchasesis expected to commence on or about April 19, 2021. The program will be valid till May 24, 2021, or such later date to which the Offer is extended, and not withdrawn.
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 
