PPR News

Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 1.65 cents per share monthly dividend on April 30, 2020 for the month of April, payable on May 22, 2020 to shareholders of record on May 11, 2020. This represents the 384th consecutive monthly dividend since the Trust’s inception in May 1988.

Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today sent a letter to shareholders outlining its successful current income strategy and asking shareholders to cast their vote "FOR" the Board-approved nominees listed on the "WHITE" proxy card and "AGAINST" a proposal submitted by a hedge fund that is adverse to the interests of shareholders.

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Voya Investments, LLC (the "Adviser") announced today an open-market share repurchase program for the following closed end funds:

An investment fund managed by Saba Capital Management, L.P. ("Saba") filed suit on Friday, May 1, 2020 in Arizona Superior Court against the Board of Trustees (the "Board") and the investment adviser of Voya Prime Rate Trust (NYSE: PPR), seeking to invalidate a recent By-Law amendment that changes the voting standard for the election of a nominee to the Board from a plurality of shares voted to 60% of outstanding shares eligible to vote.

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Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it will host a quarterly portfolio review webcast for its Prime Rate Trust (PPR) on April 21, 2020 from 4-5pm ET.

Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.00 cents per share monthly dividend on March 31, 2020 for the month of March, payable on April 22, 2020 to shareholders of record on April 13, 2020. This represents the 383rd consecutive monthly dividend since the Trust’s inception in May 1988.

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Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today filed definitive proxy materials with the Securities and Exchange Commission in connection with the Trust’s Annual Meeting of Shareholders, which is scheduled to be held on July 9, 2020. Trust shareholders of record as of the close of business on April 24, 2020 will be entitled to vote at the Annual Meeting.

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Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.17 cents per share monthly dividend on February 28, 2020 for the month of February, payable on March 23, 2020 to shareholders of record on March 10, 2020. This represents the 382nd consecutive monthly dividend since the Trust’s inception in May 1988.