SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management

investment company listed on the New York Stock Exchange, declared 2.70

cents per share monthly dividend on November 30, 2016 for the 30 days of

November, payable on December 22, 2016 to shareholders of record on

December 12, 2016. This represents the 343rd consecutive monthly

dividend since the Trust’s inception in May 1988.

The following are annualized distribution rate calculations based on the

declared dividend for the month, Net Asset Value (“NAV”) at month-end

and the month-end NYSE composite closing price (“Market”).


Annualized Period-end Distribution Rates

 

 

DIVIDEND

 

 

NAV

 

 

MARKET

November 30, 2016



$ .0270



5.71%



6.06%

October 31, 2016



$ .0270



5.51%



5.99%

September 30, 2016



$ .0265



5.62%



6.11%

August 31, 2016



$ .0265



5.46%



5.93%

July 31, 2016



$ .0265



5.48%



5.92%

June 30, 2016



$ .0265



5.74%



6.30%

May 31, 2016



$ .0265



5.51%



6.12%

April 30, 2016



$ .0260



5.62%



6.26%

March 31, 2016



$ .0265



5.65%



6.21%

February 29, 2016



$ .0255



6.00%



6.95%

January 31, 2016



$ .0265



5.76%



6.51%

December 31, 2015



$ .0265



5.69%



6.17%

November 30, 2015



$ .0260



5.65%



6.22%

Voya Prime Rate Trust was the first Fund to invest in a portfolio of

floating rate senior bank loans. The Trust seeks to provide as high a

level of current income as is consistent with the preservation of

capital.

The Trust is managed by Voya Investments, LLC and sub-advised by Voya

Investment Management Co. LLC, and its shares are distributed by Voya

Investments Distributor, LLC. The adviser, the sub-adviser and the

distributor are indirect, wholly-owned subsidiaries of Voya Financial,

Inc. (NYSE: VOYA). The Trust’s operations are based in Scottsdale,

Arizona.

Distribution Rates are calculated by annualizing dividends

declared during the period (i.e., divide the monthly dividend

amount by the number of days in the related month and multiply by the

number of days in the fiscal year) and then dividing the resulting

annualized dividend by the month-ending NAV (in the case of NAV) or the

month-end closing price on the NYSE composite (in the case of Market).

The distribution rate is based solely on actual dividends and

distributions, which are made at the discretion of management. The

distribution rate may or may not include all investment income, and

ordinarily will not include capital gains.

Past performance is no assurance of future results. Investment

return and principal value of an investment in the Trust will fluctuate.

Shares, when sold, may be worth more or less than their original cost.

Principal Risk Factor(s): The Trust invests primarily in below

investment grade, floating rate senior loans that carry a higher

than normal risk that borrowers may default in the timely payment of

principal and interest on their loans, which would likely cause the

value of the Trust’s Common Shares to decrease. Changes in short-term

market interest rates will directly affect the yield on the Trust’s

Common Shares. If such rates fall, the Trust’s yield will also fall. If

interest rate spreads on Trust’s loans decline in general, the yield on

the Trust’s loans will fall and the value of the Trust’s loans may

decrease. When short-term market interest rates rise, because of the lag

between changes in such short term rates and the resetting of the

floating rates on loans in the Trust’s portfolio, the impact of rising

rates will be delayed to the extent of such lag. Because of the limited

secondary market for floating rate senior bank loans, the Trust’s

ability to sell its loans in a timely fashion and/or at a favorable

price may be limited. An increase in the demand for loans may adversely

affect the rate of interest payable on new loans acquired by the Trust,

and it may also increase the price of loans purchased by the Trust in

the secondary market. A decrease in the demand for loans may adversely

affect the price of loans in the Trust’s portfolio, which would cause

the Trust’s NAV to decrease. The Trust’s use of leverage through

borrowings or issuance of preferred shares can adversely affect the

yield on the Trust’s Common Shares. The Trust may invest up to 20% of

its assets in loans to borrowers in countries outside of the U.S. and

Canada. Investment in foreign borrowers involves special risks,

including potentially less rigorous accounting requirements, differing

legal systems and potential political, social and economic adversity.

The Trust may invest up to 15% of its assets in loans that are

denominated in certain foreign currencies, however, the Trust will

engage in currency exchange transactions to seek to hedge, as

closely as practicable, 100% of the economic impact to the Trust arising

from foreign currency fluctuations. Other risks include but are not

limited to: Borrowings; Preferred Shares; Diversification Risks; and

Concentration Risks. Investors should consult the Trust’s

prospectus and Statement of Additional Information for a more detailed

discussion of the Trust’s risks.

For more complete information, or to obtain a prospectus on Voya

Prime Rate Trust, please contact your investment professional or Voya

Investments Distributor, LLC at (800) 992-0180 or www.investments.voya.com.

The prospectus should be read carefully before investing. Consider

the investment objectives, risks, and charges and expenses carefully

before investing. The prospectus contains this information and other

information about the fund.

If you would like to receive this press release via email, please

contact Bonnie Dacier at Bonnie.Dacier@voya.com

Contacts

Voya Prime Rate Trust

Dan Norman, 480-477-2112