PPR News and Press, Voya Prime Rate Trust From 03/29/21

Favorite liquidation at NAV exit strategy for excess returns is the Eaton Vance Short Duration Diversified Income Fund (EVG), whose shareholders already voted once in January with an outcome NOT to approve a new advisory agreement. EVG's control shareholder SIT Investment Associates w...

Voya Prime Rate Trust (NYSE: PPR) (the “Fund”) announced today that the Board of Trustees (the “Board”) has selected Saba Capital Management, LP (“Saba”) to serve as the new investment adviser to the Fund (the “Adviser Transition”)...

Voya Prime Rate Trust (PPR) declares $0.0108/share monthly dividend, -10.7% decrease from prior dividend of $0.0121.Forward yield 2.78%Payable March 22; for shareholders of record March 10; ex-div March 9.See PPR Dividend Scorecard, Yield Chart, & Dividend Growth. For further details se...

Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 1.08 cents per share on February 26, 2021, payable on March 22, 2021 to shareholders of record on March 10, 2021. This represen...

Voya Prime Rate Trust (NYSE: PPR) (“the Fund”) announced today that to meet the 10 day notice requirement of the NYSE, the Board of Trustees for the Fund has changed the record date for determining shareholders of record for the special shareholder meeting announced yester...

Voya Prime Rate Trust (NYSE: PPR) (“the Fund”) announced today that Voya Investments, LLC (“VIL”) (the investment manager to the Fund) has notified the Board that it will resign as the Fund’s manager effective June 22, 2021. Upon the effective date, th...

Twenty-two out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. MLPs lead while commodities lag. Limited duration is the highest-yielding CEF sector. For further details see: Weekly Closed-End Fund Roundup: February 7, 2021

CEF tender offers are a great way to extract alpha from activist activity. We highlight two recent examples of profitable tender offers that we took part in. FAM's tender offer is not too attractive currently, but could still be profitable if fewer shareholders tender or if the di...

Voya Prime Rate Trust (PPR) declares $0.0121/share monthly dividend, 10.4% decrease from prior dividend of $0.0135.Forward yield 3.22%Payable Feb. 23; for shareholders of record Feb. 10; ex-div Feb. 9. For further details see: Voya Prime Rate Trust reduces monthly dividend by 10%

Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared a monthly dividend of 1.21 cents per share on January 29, 2021, payable on February 23, 2021 to shareholders of record on February 10, 2021. This rep...