Additional Proxy Soliciting Materials (definitive) (defa14a)

  

  

SCHEDULE 14A 

INFORMATION REQUIRED IN PROXY STATEMENT  

SCHEDULE 14A INFORMATION  

Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934    

  

Proxy Statement Pursuant to Section 14(a) of
the Securities Exchange Act of 1934  

  

Filed by the Registrant X
Filed by a Party other than the Registrant  o
Check the appropriate box:
o	Preliminary Proxy Statement
o	Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
o	Definitive Proxy Statement
X	Definitive Additional Materials
o	Soliciting Material under §240.14a-12
VOYA PRIME RATE TRUST
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
X	No fee required.
o	Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
	(1)		Title of each class of securities to which transaction applies:
	(2)		Aggregate number of securities to which transaction applies:
	(3)		Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):
	(4)		Proposed maximum aggregate value of transaction:
	(5)		Total fee paid:
o	Fee paid previously with preliminary materials.
o	Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
	(1)	Amount Previously Paid:
	(2)	Form, Schedule or Registration Statement No.:
	(3)	Filing Party:
	(4)	Date Filed:

  

 

May 18, 2020

VOYA PRIME RATE TRUST ASKS SHAREHOLDERS TO VOTE THE WHITE CARD

SCOTTSDALE, Ariz.--Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today sent a letter to shareholders outlining its successful current income strategy and asking shareholders to cast their vote "FOR" the Board-approved nominees listed on the "WHITE" proxy card and "AGAINST" a proposal submitted by a hedge fund that is adverse to the interests of shareholders.

The letter emphasized that the Fund has provided shareholders with a high level of current income from a pure-play senior loan investment strategy. In fact, every month since the Fund's inception in 1988 – 383 months in total – the Fund has paid a dividend, and, for the last decade, over 99% of the Fund's distributions have been paid from a combination of income and capital gains earned by the Fund.

The Annual Meeting of Shareholders will be held on July 9, 2020.

The full text of the letter can be found here.

Media Contact:

Kristopher Kagel

[phone] [e-mail]

About Voya Investment Management

A leading, active asset management firm, Voya Investment Management manages, as of March 31, 2020, more than $210 billion for affiliated and external institutions as well as individual investors. With over 40 years of history in asset management, Voya Investment Management has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset strategies and solutions. Voya Investment Management was named in 2015, 2016, 2017, 2018 and 2019 as a "Best Places to Work" by Pensions and Investments magazine. For more information, visit voyainvestments.com. Follow Voya Investment Management on Twitter @VoyaInvestments.