SCOTTSDALE, Ariz., April 15, 2014 /PRNewswire/ -- ING
Investments, LLC announced the monthly distributions on the common
shares of two of its closed-end funds: ING Global Equity Dividend
and Premium Opportunity Fund (NYSE: IGD) and ING International High
Dividend Equity Income Fund (NYSE: IID) (each a "Fund" and
collectively, the "Funds").
With respect to each Fund, the distribution will be paid on
May 15, 2014, to shareholders of
record on May 5, 2014. The
ex-dividend date is May 1, 2014. The
distribution per share for each Fund is as follows:
Fund
|
Distribution Per
Share
|
ING Global Equity
Dividend and Premium Opportunity Fund (NYSE: IGD)
|
$0.076
|
ING International
High Dividend Equity Income Fund (NYSE: IID)
|
$0.069
|
Each Fund intends to make regular monthly distributions based on
the past and projected performance of the Fund. The amount of
monthly 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 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.
IGD estimates that for the current fiscal year as of
March 31, 2014, approximately 51% of
each distribution is characterized as net investment income and 49%
is characterized as short-term capital gain.
IID estimates that for the current fiscal year as of
March 31, 2014, approximately 17% of
each distribution is characterized as net investment income, 27% is
characterized as short-term capital gain and 56% 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