Voya Global Advantage and Premium Opportunity Fund & Voya Infrastructure, Industrials and Materials Fund Announce Payment of Monthly Distribution

Rhea-AI Summary

Voya Global Advantage and Premium Opportunity Fund (IGA) and Voya Infrastructure, Industrials and Materials Fund (IDE) have announced their December 2024 monthly distributions. IGA will distribute $0.085 per share, while IDE will distribute $0.100 per share, both payable on December 16, 2024.

For IGA, the distribution comprises 15.99% from net investment income, 50.75% from long-term capital gains, and 33.26% from return of capital. IDE's distribution consists of 4.08% from net investment income, 23.07% from short-term capital gains, and 72.84% from long-term capital gains.

The funds' performance metrics show strong returns, with IGA reporting a 7.49% five-year average annual return and IDE showing 8.15%. The current annualized distribution rates stand at 9.73% for IGA and 9.90% for IDE, based on NAV as of November 29, 2024.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in November 2024. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the December distribution. It is not determinative of the tax character of the Funds’ distributions for the 2024 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.

The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Monthly Distribution: Payable December 16, 2024
Distribution Amount per Common Share (IGA): $0.085
Distribution Amount per Common Share (IDE): $0.100

The following table sets forth an estimate of the sources of the Fund’s December distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

Voya Global Advantage and Premium Opportunity Fund
Source	Current Distribution	% of Current Distribution	Cumulative Distributions for the Fiscal Year-to-Date	% of the Cumulative Distributions for the Fiscal Year-to-Date1
Net Investment Income	$ 0.014	15.99%	$ 0.203	23.17%
Net Realized Short-Term Capital Gains	$ 0.000	0.00%	$ 0.000	0.00%
Net Realized Long-Term Capital Gains	$ 0.043	50.75%	$ 0.252	28.71%
Return of Capital or Other Capital Source(s)	$ 0.028	33.26%	$ 0.422	48.12%
Total per common share	$ 0.085	100.00%	$ 0.877	100.00%

Voya Infrastructure, Industrials and Materials Fund
Source	Current Distribution	% of Current Distribution	Cumulative Distributions for the Fiscal Year-to-Date	% of the Cumulative Distributions for the Fiscal Year-to-Date1
Net Investment Income	$ 0.004	4.08%	$ 0.142	14.84%
Net Realized Short-Term Capital Gains	$ 0.023	23.07%	$ 0.110	9.34%
Net Realized Long-Term Capital Gains	$ 0.073	72.84%	$ 0.444	37.25%
Return of Capital or Other Capital Source(s)	$ 0.000	0.00%	$ 0.333	38.57%
Total per common share	$ 0.100	100.00%	$ 1.029	100.00%

1 The Fund’s fiscal year is March 1, 2024 to February 28, 2025.

IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.

Voya Global Advantage and Premium Opportunity Fund

Average annual total return at NAV for the five year period ended on November 29, 20241	7.49%
Annualized current distribution rate expressed as a percentage of NAV as of November 29, 20242	9.73%
Cumulative total return at NAV for the fiscal year through November 29, 20243	14.43%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of November 29, 20244	8.37%

Voya Infrastructure, Industrials and Materials Fund

Average annual total return at NAV for the five year period ended on November 29, 20241	8.15%
Annualized current distribution rate expressed as a percentage of NAV as of November 29, 20242	9.90%
Cumulative total return at NAV for the fiscal year through November 29, 20243	12.80%
Cumulative fiscal year to date distribution rate as a percentage of NAV as of November 29, 20244	8.49%

1		Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on November 29, 2024.
2		The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of November 29, 2024.
3		Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its fiscal year to November 29, 2024 including distributions paid and assuming reinvestment of those distributions.
4		Cumulative fiscal year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of November 29, 2024.

Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.

Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s 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 Fund’s investments specifically. Neither the Fund nor Voya Investment Management 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.

About Voya® Investment Management

Voya Investment Management manages over $340 billion as of September 30, 2024 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241216094672/en/

SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com

CONTACT: Kris Kagel, (800) 992-0180

Source: Voya Financial, Inc.

FAQ

What are the December 2024 distribution amounts for Voya funds IGA and IDE?

Voya Global Advantage and Premium Opportunity Fund (IGA) will distribute $0.085 per share, while Voya Infrastructure, Industrials and Materials Fund (IDE) will distribute $0.100 per share, both payable on December 16, 2024.

How are the December 2024 distributions broken down for Voya IGA fund?

IGA's December 2024 distribution consists of 15.99% from net investment income, 50.75% from net realized long-term capital gains, and 33.26% from return of capital.

What is the five-year average annual return for Voya IDE fund as of November 2024?

The Voya Infrastructure, Industrials and Materials Fund (IDE) reported a five-year average annual return of 8.15% at NAV for the period ended November 29, 2024.

What are the current annualized distribution rates for Voya IGA and IDE funds?

As of November 29, 2024, the annualized distribution rate is 9.73% for IGA and 9.90% for IDE, expressed as a percentage of NAV.

What is the fiscal year-to-date performance of Voya IGA and IDE funds?

For the fiscal year through November 29, 2024, IGA has achieved a cumulative total return of 14.43% at NAV, while IDE has achieved a 12.80% return.