Voya Prime Rate Trust Asks Shareholders to Vote the White Card
19 May 2020 - 10:30AM
Business Wire
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.
The letter emphasized that the Fund has provided shareholders
with a high level of current income from a pure-play senior loan
investment strategy. In fact, every month since the Fund’s
inception in 1988 – 383 months in total – the Fund has paid a
dividend, and, for the last decade, over 99% of the Fund’s
distributions have been paid from a combination of income and
capital gains earned by the Fund.
The Annual Meeting of Shareholders will be held on July 9,
2020.
The full text of the letter can be found here.
About Voya Investment Management
A leading, active asset management firm, Voya Investment
Management manages, as of March 31, 2020, more than $210 billion
for affiliated and external institutions as well as individual
investors. With over 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. Voya
Investment Management was named in 2015, 2016, 2017, 2018 and 2019
as a “Best Places to Work” by Pensions and Investments magazine.
For more information, visit voyainvestments.com. Follow Voya
Investment Management on Twitter @VoyaInvestments.
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version on businesswire.com: https://www.businesswire.com/news/home/20200518005774/en/
Media: Kristopher Kagel (212) 309-6568
Kristopher.Kagel@voya.com
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