Voya Prime Rate Trust (NYSE: PPR) announced the final results of its tender offer for 15% of outstanding common shares, which expired on January 4, 2021. The offer was oversubscribed, leading to a pro-rata purchase from all tendering shareholders. A total of 88,416,006.334 shares were tendered, with 21,576,552 shares to be purchased at a purchase price of $4.86, which is 99% of the fund’s net asset value per share at the close of trading on the expiration date.
Voya Prime Rate Trust (NYSE: PPR) announced the expiration of its tender offer for 15% of its outstanding shares, which started on December 3, 2020, and ended on January 4, 2021. Approximately 88,416,006 shares were tendered, leading to an oversubscription and a proration for accepted shares. The purchase price will be 99% of the Fund’s net asset value per share on the expiration date. Final results are expected to be announced around January 6, 2021.
Voya Prime Rate Trust (NYSE: PPR) announced a monthly dividend of 1.35 cents per share on December 31, 2020, with a payment date of January 25, 2021, for shareholders on record as of January 11, 2021. This marks the 392nd consecutive monthly dividend since its inception in May 1988. The annualized distribution rate based on this dividend is 3.25% based on Net Asset Value (NAV) and 3.57% based on market price. The Trust aims to maximize current income while preserving capital.
Voya Prime Rate Trust (NYSE: PPR) has declared a monthly dividend of 1.44 cents per share, payable on December 22, 2020, to shareholders of record on December 10, 2020. This marks the 391st consecutive monthly dividend since its inception in May 1988. The Trust aims to provide a high level of current income while preserving capital. Currently, the annualized distribution rate is 3.62% based on the NAV and 3.93% based on the market closing price.
Voya Prime Rate Trust (NYSE: PPR) declared a monthly dividend of 1.40 cents per share on September 30, 2020, payable on October 22, 2020, to shareholders of record on October 13, 2020. This marks the 389th consecutive monthly dividend since inception in May 1988. The annualized distribution rates are 3.57% based on NAV and 3.87% based on the market price. The Trust aims to provide high current income while preserving capital, although it faces risks including borrower defaults and interest rate fluctuations.