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 0.67 cents per share on May 28, 2021, payable on June 22, 2021 to shareholders of record on June 10, 2021. This represents the 397th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET May 31, 2021   $.0067   1.59%   1.

Saba Capital Management to Serve as New Investment Manager Fund to Change Name to Saba Capital Income & Opportunities Fund (NYSE:BRW) Board of Trustees Approves Tender Offer and Managed Distribution Plan Voya Prime Rate Trust (NYSE:PPR) (the "Fund") today reported the results of its Special Meeting of Shareholders (the "Special Meeting") held on May 21, 2021. The results, which have been certified by the independent Inspector of Election, show that all proposals presented at the Special Meeting passed. Specifically, shareholders voted in favor of: The approval of a new investment management agreement between the Fund and Saba Capital Management, L.P. ("Saba") (the "New Management Agr

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 0.70 cent per share on April 30, 2021, payable on May 17, 2021 to shareholders of record on May 10, 2021. This represents the 396th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET April 30, 2021 $.0070 1.73% 1.87% The

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 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 represents the 394th consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET Feb

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 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 represents the 393rd consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV

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 a monthly dividend of 1.35 cents per share on December 31, 2020, payable on January 25, 2021 to shareholders of record on January 11, 2021. This represents the 392nd consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate       DIVIDEND  

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 a monthly dividend of 1.44 cents per share on November 30, 2020, payable on December 22, 2020 to shareholders of record on December 10, 2020. This represents the 391st consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET

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 0.67 cents per share on May 28, 2021, payable on June 22, 2021 to shareholders of record on June 10, 2021. This represents the 397th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET May 31, 2021   $.0067   1.59%   1.

Saba Capital Management to Serve as New Investment Manager Fund to Change Name to Saba Capital Income & Opportunities Fund (NYSE:BRW) Board of Trustees Approves Tender Offer and Managed Distribution Plan Voya Prime Rate Trust (NYSE:PPR) (the "Fund") today reported the results of its Special Meeting of Shareholders (the "Special Meeting") held on May 21, 2021. The results, which have been certified by the independent Inspector of Election, show that all proposals presented at the Special Meeting passed. Specifically, shareholders voted in favor of: The approval of a new investment management agreement between the Fund and Saba Capital Management, L.P. ("Saba") (the "New Management Agr

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 0.70 cent per share on April 30, 2021, payable on May 17, 2021 to shareholders of record on May 10, 2021. This represents the 396th consecutive monthly dividend since the Trust's inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET April 30, 2021 $.0070 1.73% 1.87% The

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--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”). The Fund’s current investment adviser, Voya Investments, LLC (“VIL”), and the Fund’s current sub-adviser, Voya Investment Management Co. LLC (“Voya IM”), both previously announced their respective resignations, effective as of June 22, 2021. VIL and Voya IM are committed to ensuring a smooth transition to Saba and serving the Fund, its Board and its shareholders during the Adviser Transition. Saba is considered a pion

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 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 represents the 394th consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV MARKET Feb

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--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 yesterday and tentatively scheduled to be held on Friday, May 21, 2021 to March 8, 2021 from March 5, 2021. Important Notice This press release is for informational purposes only and shall not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell any common shares of the Funds. The Funds have not yet commenced the Tender Offers described in this pres

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--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, the sub-advisory agreement between VIL and Voya Investment Management Co. LLC (“Voya IM”) will also terminate and the sub-adviser will cease to provide day-to-day investment management services for the Fund. In making its decision to resign, VIL determined that it is in the best interest of the Fund and its shareholders to provide the Board and the Fund’s shareholders the opportunity to select an inve

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 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 represents the 393rd consecutive monthly dividend since the Trust’s inception in May 1988. The following is the annualized distribution rate calculation 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 Rate DIVIDEND NAV

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--The Board of Trustees (the “Board”) has determined that it is in the best interest of Voya Prime Rate Trust (“the Fund”) (NYSE: PPR) and its shareholders to repay the Fund’s outstanding borrowings under the Fund’s line of credit (the “LOC”) to address concerns they have about terms related to the LOC and the Fund’s ability to obtain a long-term extension of the LOC . In furtherance of this determination, the Board has directed Voya Investments, LLC (the “Adviser”) to take the appropriate actions to repay the Fund’s outstanding borrowings under the LOC. As of the close of business on January 15, 2021, the Adviser has completed selling senior loans

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Voya Prime Rate Trust (NYSE: PPR) (the “Fund”), today announced the final results of the Fund’s tender offer (the “Tender Offer”) for up to 15% of its outstanding common shares (the “Shares”). The Tender Offer, which expired at 5:00 p.m. Eastern time on January 4, 2021, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering shareholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”). The final results of the Tender Offer are provided in the table below. Number of Shares Tendered