PPR - Voya Prime Rate Trust

NYSE - Nasdaq Real Time Price. Currency in USD
4.1550
+0.0050 (+0.12%)
As of 2:50PM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close4.1500
Open4.1300
Bid4.1500 x 3100
Ask4.1600 x 3200
Day's Range4.1200 - 4.1600
52 Week Range2.9500 - 5.1900
Volume183,225
Avg. Volume380,508
Market Cap614.059M
Beta (5Y Monthly)0.70
PE Ratio (TTM)61.10
EPS (TTM)0.0680
Earnings DateN/A
Forward Dividend & Yield0.18 (4.28%)
Ex-Dividend DateJul 09, 2020
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
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    • Business Wire

      PPR - $.014800 June Dividend

      Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 1.48 cents per share monthly dividend on June 30, 2020 for the month of June, payable on July 22, 2020 to shareholders of record on July 10, 2020. This represents the 386th consecutive monthly dividend since the Trust’s inception in May 1988.

    • The Board of Voya Prime Rate Trust Reiterates Commitment to Act in the Best Interests of All Shareholders
      Business Wire

      The Board of Voya Prime Rate Trust Reiterates Commitment to Act in the Best Interests of All Shareholders

      Voya Prime Rate Trust (NYSE: PPR) (the "Fund"), today sent a letter to shareholders highlighting the expertise and commitment of the Fund’s current Board to act in the interests of ALL of the Fund’s shareholders and support the continuity and stability of the Fund’s operations during a time of increased volatility.

    • Voya Prime Rate Trust Emphasizes the Need to Protect Against Short-term Activist Campaigns and Preserve Investment Returns for All Shareholders
      Business Wire

      Voya Prime Rate Trust Emphasizes the Need to Protect Against Short-term Activist Campaigns and Preserve Investment Returns for All Shareholders

      Voya Prime Rate Trust (NYSE: PPR) (the "Trust") today sent a letter to shareholders highlighting the results of a focused investment thesis that has delivered consistently paid dividends for decades and performed well in periods of heightened volatility and credit risk. This strategy has been overseen by an experienced Board that is committed to protecting investment returns in the Fund and has a track record of acting in the best interests of ALL shareholders.

    • Voya Prime Rate Trust Recommends Voting Against Saba’s Proposal That the Board Consider a 40 Percent Self-Tender Offer
      Business Wire

      Voya Prime Rate Trust Recommends Voting Against Saba’s Proposal That the Board Consider a 40 Percent Self-Tender Offer

      Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today sent a letter to shareholders outlining why its Board recommends shareholders vote against a proposal put forward by a hedge fund managed by Saba Capital Management (together with the hedge fund, "Saba") requesting that the Board authorize a 40 percent self-tender offer of the outstanding shares of the Trust.

    • Business Wire

      PPR - $.014800 May Dividend

      Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 1.48 cents per share monthly dividend on May 29, 2020 for the month of May, payable on June 22, 2020 to shareholders of record on June 10, 2020. This represents the 385th consecutive monthly dividend since the Trust’s inception in May 1988.

    • Voya Prime Rate Trust Summarizes Expertise of the Board of Trustees
      Business Wire

      Voya Prime Rate Trust Summarizes Expertise of the Board of Trustees

      Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today sent a letter to shareholders outlining the expertise and qualifications of its Board’s eight Trustees while also 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.

    • Voya Prime Rate Trust Asks Shareholders to Vote the White Card
      Business Wire

      Voya Prime Rate Trust Asks Shareholders to Vote the White Card

      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.

    • Voya Prime Rate Trust Files Definitive Proxy Statement
      Business Wire

      Voya Prime Rate Trust Files Definitive Proxy Statement

      Voya Prime Rate Trust (NYSE: PPR) (the "Trust"), today filed definitive proxy materials with the Securities and Exchange Commission in connection with the Trust’s Annual Meeting of Shareholders, which is scheduled to be held on July 9, 2020. Trust shareholders of record as of the close of business on April 24, 2020 will be entitled to vote at the Annual Meeting.

    • Business Wire

      Saba Capital Files Lawsuit Against Voya Prime Rate Trust

      An investment fund managed by Saba Capital Management, L.P. ("Saba") filed suit on Friday, May 1, 2020 in Arizona Superior Court against the Board of Trustees (the "Board") and the investment adviser of Voya Prime Rate Trust (NYSE: PPR), seeking to invalidate a recent By-Law amendment that changes the voting standard for the election of a nominee to the Board from a plurality of shares voted to 60% of outstanding shares eligible to vote.

    • Business Wire

      PPR - $.016500 April Dividend

      Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 1.65 cents per share monthly dividend on April 30, 2020 for the month of April, payable on May 22, 2020 to shareholders of record on May 11, 2020. This represents the 384th consecutive monthly dividend since the Trust’s inception in May 1988.

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    • Voya Prime Rate Trust Schedules First Quarter Portfolio Review Webcast for Tuesday April 21, 2020
      Business Wire

      Voya Prime Rate Trust Schedules First Quarter Portfolio Review Webcast for Tuesday April 21, 2020

      Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it will host a quarterly portfolio review webcast for its Prime Rate Trust (PPR) on April 21, 2020 from 4-5pm ET.

    • Voya Closed End Funds Announce Share Repurchase Programs
      Business Wire

      Voya Closed End Funds Announce Share Repurchase Programs

      Voya Investments, LLC (the "Adviser") announced today an open-market share repurchase program for the following closed end funds:

    • Business Wire

      PPR - $.0200 March Dividend

      Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.00 cents per share monthly dividend on March 31, 2020 for the month of March, payable on April 22, 2020 to shareholders of record on April 13, 2020. This represents the 383rd consecutive monthly dividend since the Trust’s inception in May 1988.

    • Business Wire

      PPR - $.0217 February Dividend

      Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.17 cents per share monthly dividend on February 28, 2020 for the month of February, payable on March 23, 2020 to shareholders of record on March 10, 2020. This represents the 382nd consecutive monthly dividend since the Trust’s inception in May 1988.

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