|By PR Newswire||
|December 17, 2012 04:00 PM EST||
SCOTTSDALE, Ariz., Dec. 17, 2012 /PRNewswire/ -- www.ingfunds.com
ING Investments, LLC announced the distributions on the common shares of seven of its closed-end funds (each a "Fund" and collectively, the "Funds"): ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) declare monthly distributions. ING Infrastructure, Industrials and Materials Fund (NYSE: IDE), ING Global Advantage and Premium Opportunity Fund (NYSE: IGA), ING Risk Managed Natural Resources Fund (NYSE: IRR), ING Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) and ING Emerging Markets High Dividend Equity Fund (NYSE: IHD) declare quarterly distributions.
With respect to each Fund, the distribution will be paid on January 15, 2013, to shareholders of record on December 31, 2012. The ex-dividend date is December 27, 2012. The distribution per share for each Fund is as follows:
Distribution Per Share
ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)
ING International High Dividend Equity Income Fund (NYSE: IID)
ING Infrastructure, Industrials and Materials Fund (NYSE: IDE)
ING Global Advantage and Premium Opportunity Fund (NYSE: IGA)
ING Risk Managed Natural Resources Fund (NYSE: IRR)
ING Asia Pacific High Dividend Equity Income Fund (NYSE: IAE)
ING Emerging Markets High Dividend Equity Fund (NYSE: IHD)
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 November 30, 2012, approximately 27% of each distribution is characterized as net investment income, 3% is characterized as short-term capital gain, and 70% is characterized as return of capital.
IID estimates that for the current fiscal year as of November 30, 2012, approximately 26% of each distribution is characterized as net investment income, 24% is characterized as short-term capital gain and 50% is characterized as return of capital.
IDE estimates that for the current fiscal year as of September 30, 2012, approximately 18% of each distribution is characterized as net investment income and 82% is characterized as return of capital.
IGA estimates that for the current fiscal year as of September 30, 2012, approximately 7% of each distribution is characterized as net investment income, 8% is characterized as short-term capital gain and 85% is characterized as return of capital.
IRR estimates that for the current fiscal year as of September 30, 2012, approximately 7% of each distribution is characterized as net investment income and 93% is characterized as return of capital.
IAE estimates that for the current fiscal year as of September 30, 2012, approximately 27% of each distribution is characterized as net investment income and 73% is characterized as return of capital.
IHD estimates that for the current fiscal year as of September 30, 2012, approximately 23% of each distribution is characterized as net investment income and 77% 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 (ING U.S. IM) is a leading active asset management firm. As of September 30, 2012, ING U.S. IM manages approximately $179 billion for both affiliated and external institutions as well as individual investors. ING U.S. IM has the experience and resources to invest responsibly across asset classes, geographies and investment style. Through our global asset management network, we provide clients with access to domestic, regional and global investment solutions.
SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180;
SOURCE ING U.S. Investment Management
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