Voya Financial Inc (VOYA)

Voya Investment Management Closed-End Funds Announce Proposed MergersJune 2, 2026 5:15 PM
Business Wire Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA) announced today that it has recommended, and the Boards of Trustees of the Voya Asia Pacific High Dividend Equity Income Fund (TICKER: IAE) and the Voya Emerging Markets High Dividend Equity Fund (TICKER: IHD) have each approved, a merger of their respective fund into the Voya Multi-Manager Emerging Markets Equity Fund (TICKER: IEMLX), an open-end fund. Voya Investment Management also announced that it has reached agreement with a large institutional investor in each of IAE and IHD to support the mergers and remain a passive investor for a period of time. IAE and IHD will each hold a special meeting of shareholders to consider approval of the transaction. Detailed information on the proposed mergers, and each fund’s respective meeting, will be contained in proxy materials expected to be filed with the Securities and Exchange Commission in the coming weeks. About Voya Investment Management Voya Investment Management (IM) manages approximately $353 billion as of March 31, 2026, in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors. Drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals, Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding inclusion in its business. This press release is not intended to, and does not constitute an offer to purchase or sell shares of IAE, IHD, or IEMLX (together, the “Funds”) nor is this press release intended to solicit a proxy from any shareholder of the Funds. The solicitation of the purchase or sale of securities or of proxy to effect the Reorganization will only be made by a definitive Proxy Statement/Prospectus. The Proxy Statement/Prospectus has yet to be filed with the U.S. Securities and Exchange Commission (the “SEC”). After the Proxy Statement/Prospectus is filed with the SEC, it may be amended or withdrawn. The Proxy Statement/Prospectus will not be distributed to shareholders of the Funds unless and until a Registration Statement comprising of the Proxy Statement/Prospectus becomes effective with the SEC. View source version on businesswire.com: https://www.businesswire.com/news/home/20260602659176/en/ SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com
MEDIA: Kris Kagel, (800) 992-0180 Original: Voya Investment Management Closed-End Funds Announce Proposed Mergers

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTIONMay 15, 2026 4:05 PM
Business Wire Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in April 2026. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the May distribution. It is not determinative of the tax character of the Funds’ distributions for the 2026 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors. The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Monthly Distribution: Payable May 15, 2026 Distribution Amount per Common Share (IGA): $0.085 Distribution Amount per Common Share (IDE): $0.100 The following table sets forth an estimate of the sources of the Fund’s May distribution and its cumulative distributions paid year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount. Voya Global Advantage and Premium Opportunity Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Tax Year-to-Date   % of the Cumulative Distributions for the Tax Year-to-Date1   Net Investment Income $ 0.013 16.00% $ 0.061 18.00% Net Realized Short-Term Capital Gains $ 0.053 61.00% $ 0.108 32.00% Net Realized Long-Term Capital Gains $ 0.019 23.00% $ 0.171 50.00% Return of Capital or Other Capital Source(s) $ 0.000 0.00% $ 0.000 0.00% Total per common share $ 0.085 100.00% $ 0.340 100.00% Voya Infrastructure, Industrials and Materials Fund Source Current Distribution % of Current Distribution Cumulative Distributions for the Fiscal Year-to-Date   % of the Cumulative Distributions for the Fiscal Year-to-Date1   Net Investment Income $ 0.015 15.00% $ 0.038 10.00% Net Realized Short-Term Capital Gains $ 0.000 0.00% $ 0.000 0.00% Net Realized Long-Term Capital Gains $ 0.085 85.00% $ 0.362 90.00% Return of Capital or Other Capital Source(s) $ 0.000 0.00% $ 0.000 0.00% Total per common share $ 0.100 100.00% $ 0.400 100.00% 1 The Fund’s tax year is January 1, 2026 to December 31, 2026. IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods. Voya Global Advantage and Premium Opportunity Fund Average annual total return at NAV for the five year period ended on April 30, 20261 10.33% Annualized current distribution rate expressed as a percentage of NAV as of April 30, 20262 9.66% Cumulative total return at NAV for the tax year through April 30, 20263 4.90% Cumulative tax year to date distribution rate as a percentage of NAV as of April 30, 20264 3.22% Voya Infrastructure, Industrials and Materials Fund Average annual total return at NAV for the five year period ended on April 30, 20261 11.53% Annualized current distribution rate expressed as a percentage of NAV as of April 30, 20262 8.59% Cumulative total return at NAV for the fiscal year through April 30, 20263 4.59% Cumulative fiscal year to date distribution rate as a percentage of NAV as of April 30, 20264 2.86% 1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on April 30, 2026. 2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of April 30, 2026. 3 Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its tax year to April 30, 2026 including distributions paid and assuming reinvestment of those distributions. 4 Cumulative tax year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of April 30, 2026. Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses. Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund’s investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement. This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel. About Voya® Investment Management Voya Investment Management manages over $353 billion as of March 31, 2026 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515838424/en/ SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com Kris Kagel, (800) 992-0180 Original: VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

Voya Equity Closed End Funds Declare DistributionsMay 15, 2026 4:10 PM
Business Wire Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD). With respect to each Fund, the distribution will be paid on June 15, 2026, to shareholders of record on June 1, 2026. The ex-dividend date is June 1, 2026. The distribution per share for each Fund is as follows: Fund Distribution Per Share Monthly Distributions   Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) $0.050 Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) $0.065 Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) $0.055 Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) $0.085 Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) $0.100 The following table sets forth an estimate of the sources of each Fund’s May distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount. Data as of 4/30/2026 Estimated Sources Tax YTD1 Estimated Tax YTD Percentages of Current Distribution Estimated Sources of Distribution of Distribution Per Share Net Investment LT ST Return of Per Share Net Investment LT ST Return of Net Investment LT ST Return of Distribution Income Gains Gains Capital Distribution Income Gains Gains Capital Income Gains Gains Capital IGA (FYE 2/28) 0.085 0.013 0.019 0.053 0.000 0.340 0.061 0.171 0.108 0.000 18.0% 50.0% 32.0% 0.0% IGD (FYE 2/28) 0.050 0.008 0.000 0.000 0.042 0.200 0.038 0.000 0.000 0.162 19.0% 0.0% 0.0% 81.0% IDE (FYE 2/28) 0.100 0.015 0.085 0.000 0.000 0.400 0.038 0.362 0.000 0.000 10.0% 90.0% 0.0% 0.0% IHD (FYE 2/28) 0.055 0.012 0.000 0.000 0.043 0.220 0.025 0.000 0.000 0.195 11.0% 0.0% 0.0% 89.0% IAE (FYE 2/28) 0.065 0.011 0.000 0.000 0.054 0.260 0.038 0.000 0.000 0.222 15.0% 0.0% 0.0% 85.0%   1 The Fund's tax year is January 1, 2026 to December 31, 2026. Set forth in the tables below is information relating to each Fund’s performance based on its net asset value (NAV) for certain periods. Data as of 4/30/2026 Annualized Cumulative Tax Tax YTD Distribution Tax YTD 5-Year Distribution Rate Tax YTD Distribution Rate Rate Distribution NAV Return on NAV on NAV1 Return on NAV on NAV1 IGA (FYE 2/28) 0.085 0.340 10.56 10.33% 9.66% 4.90% 3.22% IGD (FYE 2/28) 0.050 0.200 6.27 9.76% 9.57% 1.20% 3.19% IDE (FYE 2/28) 0.100 0.400 13.97 11.53% 8.59% 4.59% 2.86% IHD (FYE 2/28) 0.055 0.220 7.54 8.90% 8.75% 2.50% 2.92% IAE (FYE 2/28) 0.065 0.260 8.70 8.68% 8.97% 0.90% 2.99%   1 As a percentage of 4/30/2026 NAV You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses. Certain statements made on behalf of the Funds in this release are forward-looking statements. The Funds’ actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds' investments specifically. Neither the Funds nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement. This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel. About Voya® Investment Management Voya Investment Management manages over $353 billion as of March 31, 2026 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business. View source version on businesswire.com: https://www.businesswire.com/news/home/20260515994532/en/ SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com Kris Kagel, (800) 992-0180 Original: Voya Equity Closed End Funds Declare Distributions

Voya Financial Welcomes Executive Order Promoting Retirement-Savings Access for American WorkersMay 1, 2026 8:30 AM
Business Wire
Voya Financial, Inc. (NYSE: VOYA) a leading retirement, employee benefits and investment management company, today welcomed an executive order that facilitates retirement-savings access for millions of Americans who currently lack adequate options. The order directs the U.S. Treasury Department to establish a new platform highlighting high-quality, low-cost, private-sector IRAs, which the company called a meaningful step forward in expanding retirement savings opportunities.


The platform would provide individuals with information about enrolling in private sector individual retirement accounts, based on factors such as low cost and no contribution or minimum balance requirements. For taxpayers who qualify, the new accounts may enable them to take advantage of the Saver’s Match, a direct Treasury matching contribution of up to $1,000 annually, that takes effect January 1, 2027.


“At Voya, we have long believed that every American deserves a clear path to financial confidence, and that starts with access,” said Jay Kaduson, CEO, Workplace Solutions, Voya Financial. “The newly announced Treasury platform directly addresses one of the most persistent gaps in our retirement system — the millions of individuals who want to save but simply don’t have a straightforward way to do it. We welcome this initiative and look forward to engaging with the Treasury Department as this program moves forward.”


“The Saver’s Match is a powerful incentive that removes income as a barrier to building retirement security, and the new platform gives people a practical way to act on it,” said Amy Vaillancourt, President, Retirement, Voya Financial. “Voya looks forward to evaluating how our retirement and wealth management solutions could support this framework, while closely monitoring Treasury guidance as it develops.”


Voya will continue to track regulatory developments in response to the Executive Order and will provide updates as appropriate.


About Voya Financial®


Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information, visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.


VOYA-IR, VOYA-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20260501215867/en/
Media:

Claire Supplee

(212) 309-8275

Claire.Supplee@voya.com


Investor:

Mei Ni Chu

(212) 309-8999

IR@voya.com


Original: Voya Financial Welcomes Executive Order Promoting Retirement-Savings Access for American Workers

Voya Financial declares common and preferred stock dividendsApril 28, 2026 4:16 PM
Business Wire
Voya Financial, Inc. (NYSE: VOYA) announced today that its board of directors has declared a common stock dividend of $0.47 per share for the first quarter of 2026. The common stock dividend is payable on June 26, 2026, to shareholders of record as of May 26, 2026.


The board also declared a quarterly dividend of $13.3750 per share on the company’s Series B 5.35% fixed-rate reset non-cumulative preferred stock (the “Series B Preferred Stock”), equivalent to $0.334375 per depositary share, each of which represents a 1/40th ownership interest in a share of Series B Preferred Stock. The preferred stock dividends are payable on June 15, 2026, to shareholders of record as of May 26, 2026.


About Voya Financial®


Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.


VOYA-IR VOYA-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20260428228180/en/
Media Contact:

Claire Supplee

(212) 309-8275

Claire.Supplee@voya.com


Investor Contact:

Mei Ni Chu

(212) 309-8999

IR@voya.com


Original: Voya Financial declares common and preferred stock dividends

NYSE Content Update: Starfish Space Adds Over $100 Million in Funding to Boost GrowthApril 7, 2026 8:55 AM
PR Newswire (US)

NYSE issues a pre-market daily advisory direct from the trading floor.NEW YORK, April 7, 2026 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. 



Kristen Scholer delivers the pre-market update on April 7thEquities are moving lower Tuesday morning ahead of President Trump's deadline for Iran to make a ceasefire deal.OceanaGold, a global gold and copper producer, begins trading on the NYSE today, under the ticker symbol OGC.Dime Community Bank (NYSE: DCOM) begins trading on the NYSE today after transferring its listing.Starfish space added more than $100 million in a series B funding round recently and Co-Founder Trevor Bennett will join NYSE Live tomorrow to discuss the future of space infrastructure.Opening Bell
OceanaGold (NYSE: OGC) celebrates listing on the New York Stock ExchangeClosing Bell
VOYA (NYSE: VOYA) celebrates the 10-year anniversary of Voya CaresFor market insights, IPO activity, and today's opening bell, download the NYSE TV App: TV.NYSE.com














View original content to download multimedia:https://www.prnewswire.com/news-releases/nyse-content-update-starfish-space-adds-over-100-million-in-funding-to-boost-growth-302735783.htmlSOURCE New York Stock Exchange

Original: NYSE Content Update: Starfish Space Adds Over $100 Million in Funding to Boost Growth

Voya Financial supports DOL’s proposed framework for advancing retirement investment choiceApril 1, 2026 2:45 PM
Business Wire
Voya Financial, Inc. (NYSE: VOYA) welcomes the U.S. Department of Labor’s proposed rule, Fiduciary Duties in Selecting Designated Investment Alternatives, as an important step toward the thoughtful expansion of retirement investment choice.


The proposal emphasizes the importance of a robust evaluation process for investments, without endorsing or excluding any specific asset class. The focus on providing a stable framework is consistent with longstanding ERISA principles that have served plan sponsors, fiduciaries and participants well as they assess appropriate options for their plans.


“At Voya, we believe expanding investment choice requires strong fiduciary governance, participant education and the involvement of financial professionals who can help ensure appropriate use of these solutions,” said Amy Vaillancourt, president of Retirement at Voya Financial. “When it comes to private market investments, focusing on professionally managed structures and layering protections such as liquidity management and valuation transparency is essential. Voya appreciates the proposal’s practical approach, which strengthens the ability of fiduciaries to make well-informed decisions about investment options and promotes a stable framework within which retirement plans can operate for the benefit of their participants.”


Plan sponsors and participants are increasingly interested in a range of investments beyond traditional public market investments as a way to enhance diversification and potential returns. Clear regulatory standards are essential to ensure these options can be incorporated responsibly. The Department’s proposal outlines a disciplined, transparent framework for evaluation, including factors such as performance, fees, liquidity, valuation, benchmarking, and complexity.


As a retirement recordkeeper and investment partner, Voya is proud to support plan sponsors and financial professionals with the resources and operational tools they need to carry out their responsibilities with confidence. We look forward to being active contributors to the public dialogue around this important proposal.


About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.


VOYA-IR VOYA-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401985848/en/
Media Contact:

Claire Supplee

(212) 309-8275

Claire.Supplee@voya.com


Investor Contact:

Mei Ni Chu

(212) 309-8999

IR@voya.com


Original: Voya Financial supports DOL’s proposed framework for advancing retirement investment choice

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTIONMarch 16, 2026 4:15 PM
Business Wire
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in February 2026. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the March distribution. It is not determinative of the tax character of the Funds’ distributions for the 2026 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.


The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.


Monthly Distribution: Payable March 16, 2026

Distribution Amount per Common Share (IGA): $0.085

Distribution Amount per Common Share (IDE): $0.100


The following table sets forth an estimate of the sources of the Fund’s March distribution and its cumulative distributions paid year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.




Voya Global Advantage and Premium Opportunity Fund








Source






Current

Distribution






% of Current

Distribution






Cumulative

Distributions for the

Tax Year-to-Date






% of the Cumulative

Distributions for the

Tax Year-to-Date1








Net Investment Income






$ 0.009






10.00%






$ 0.017






10.00%








Net Realized Short-Term Capital Gains






$ 0.029






35.00%






$ 0.029






17.00%








Net Realized Long-Term Capital Gains






$ 0.047






55.00%






$ 0.124






73.00%








Return of Capital or Other Capital Source(s)






$ 0.000






0.00%






$ 0.000






0.00%








Total per common share






$ 0.085






100.00%






$ 0.170






100.00%









Voya Infrastructure, Industrials and Materials Fund








Source






Current

Distribution






% of Current

Distribution






Cumulative

Distributions for the

Fiscal Year-to-Date






% of the Cumulative

Distributions for the

Fiscal Year-to-Date1








Net Investment Income






$ 0.000






0.00%






$ 0.000






0.00%








Net Realized Short-Term Capital Gains






$ 0.000






0.00%






$ 0.000






0.00%








Net Realized Long-Term Capital Gains






$ 0.100






100.00%






$ 0.190






95.00%








Return of Capital or Other Capital Source(s)






$ 0.000






0.00%






$ 0.010






5.00%








Total per common share






$ 0.100






100.00%






$ 0.200






100.00%







1 The Fund’s tax year is January 1, 2026 to December 31, 2026.


IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.


Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.


Voya Global Advantage and Premium Opportunity Fund




Average annual total return at NAV for the five year period ended on February 28, 20261






11.24%








Annualized current distribution rate expressed as a percentage of NAV as of February 28, 20262






9.57%








Cumulative total return at NAV for the tax year through February 28, 20263






3.19%








Cumulative tax year to date distribution rate as a percentage of NAV as of February 28, 20264






1.59%







Voya Infrastructure, Industrials and Materials Fund




Average annual total return at NAV for the five year period ended on February 28, 20261






13.56%








Annualized current distribution rate expressed as a percentage of NAV as of February 28, 20262






8.32%








Cumulative total return at NAV for the fiscal year through February 28, 20263






13.64%








Cumulative fiscal year to date distribution rate as a percentage of NAV as of February 28, 20264






1.39%







1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on February 28, 2026.


2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of February 28, 2026.


3 Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its tax year to February 28, 2026 including distributions paid and assuming reinvestment of those distributions.


4 Cumulative tax year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of February 28, 2026.


Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.


Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.


Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund’s investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.


This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.


About Voya® Investment Management

Voya Investment Management manages approximately $360 billion as of December 31, 2025 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260316890164/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com

CONTACT: Kris Kagel, (800) 992-0180


Original: VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

Voya Investment Management and Pomona Capital Digitize Investment Access to the Pomona Investment Fund (PIF) Through Agreement with TemplumMarch 4, 2026 9:05 AM
Business Wire
New “Invest Now” feature and white label deployment from Templum enables eligible investors to seamlessly research, subscribe, and invest through a fully digital experience


Voya Investment Management (Voya IM), the asset management business of Voya Financial, Inc. (NYSE: VOYA), and Pomona Capital, a global private equity firm affiliated with Voya, today announced an enhanced digital experience for the Pomona Investment Fund (PIF). The digital experience is powered by private markets technology from Templum.


The initiative gives investors direct access to PIF while maintaining the investment rigor, regulatory oversight, and operational discipline required for institutional-quality private equity. The enhanced digital experience introduces an “Invest Now” feature on the PIF landing page that connects investors to a secure, white-labeled portal. Through this portal, eligible investors can complete onboarding, execute subscription documents and place orders in a streamlined, end-to-end digital workflow.


“As investors look to diversify their portfolios, access to high-quality private market strategies must evolve with them,” said Michael Granoff, Founder and CEO of Pomona Capital. “Our collaboration with Templum leads to an improved experience for everyone involved in the investment process.”


Pomona was an early leader in expanding private equity access for individual investors, launching PIF in 2015 and delivering a 10-year annualized net return of 13.3% since inception.1 The fund is a secondary-focused, registered private equity vehicle designed to address the structural and access challenges individual investors face when investing in the asset class. PIF primarily invests in seasoned secondary interests, complemented by select primary and direct commitments, with a strategy focused on long-term capital appreciation and a lower risk profile.


With a $25,000 minimum investment and investor-friendly tax reporting, PIF offers simplified access to private equity. Today, the fund has more than 13,000 individual investors and approximately $2 billion in assets under management. Templum’s technology will help PIF meet investors’ growing demand for direct access to online investment research and subscription capabilities.


“This collaboration represents a paradigm shift in how eligible investors access institutional private equity,” said Gregory Khost, Head of Intermediary Sales at Voya IM. “By automating the full private markets investment process—from onboarding and eligibility verification through subscription processing and compliance—we are delivering private equity with greater efficiency, transparency, and confidence. Eligible investors can conduct research as well as transact in an institutional-quality private equity fund on the same digital platform, without compromising regulatory standards.”


Private equity has traditionally been accessible primarily to large institutions due to operational complexity, regulatory requirements, and reliance on manual processes. As the investor base for private market investments expands, scalable digital infrastructure has become essential to meeting the increase in demand responsibly.


By modernizing access, Pomona Capital and Voya IM can reach eligible investors who prefer a streamlined digital approach, while maintaining rigorous governance standards:



Simplified access to top-tier private equity

Streamlines PIF’s subscription process for eligible investors seeking portfolio diversification amid ongoing market volatility.




Seamless research-to-transaction experience

Investors can review fund information, performance, and offering materials, and initiate the investment process from a single, centralized destination.




Reduced barriers to entry

Distribution beyond traditional gatekeepers by providing digital access to a premier asset class, while maintaining investor eligibility standards.



“This initiative reflects a broader industry shift toward the digitization and democratization of private markets—while upholding strong regulatory oversight and investor protections,” said Chris Pallotta, CEO of Templum. “The collaboration arrives at a pivotal moment as investors seek diversification and firms seek scalable ways to reach new audiences. This is where Pomona Capital and Voya Investment Management come in, delivering a better investment experience with strong investment products across our connected partner network.”


1 Data is as of December 31, 2025 and represents the performance of Class I Shares that commenced operations on April 1, 2018. Prior to that date, the performance of Class I Shares (10-year returns) is that of Class A Shares, which have higher expenses than Class I shares but represent interests in the same portfolio of securities. Full performance is available on www.pomonainvestmentfund.com.


About Pomona Capital


Pomona is a global private equity firm with approximately $20 billion in aggregate capital commitments as of December 31, 2025 across its sponsored funds and separate accounts on behalf of a global group of over 350 sophisticated investors from more than 25 countries. Pomona was founded in 1994 and was one of the earliest secondary market investors, establishing itself as a pioneer in the marketplace. Pomona also has an approximately $6 billion business making primary investments in private equity funds as a strategic complement to the secondaries business. Pomona has collectively invested in partnership interests in approximately 750 private equity funds, diversified across the spectrum of private equity, with underlying investments in over 10,000 companies since inception. Pomona Capital’s team is based in New York, London and Hong Kong. Pomona’s capital capacity and global reach are enhanced by a strategic partnership with Voya Investment Management.


About Voya Investment Management


Voya Investment Management (IM) manages approximately $360 billion as of December 31, 2025, in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors. Drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals, Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding inclusion in its business.


About Templum


Templum is moving private markets investing forward by unifying the entire ecosystem. As a solution partner, Templum provides full investment lifecycle technologies, workflow solutions, and broker-dealer support configurable via white label, hybrid, or API deployments. The Company’s offerings are purpose-built to enable private market strategies for TAMPs, RIAs, institutional brokers, banks, fintechs, online brokers, and asset managers. Templum is modernizing the technology backbone and opening access to a broader range of investment opportunities for a growing investor base. The Company’s vision is to expand capital markets, making a giant step forward from the outmoded technology hindering investments today. Learn more at https://templuminc.com.


All securities offered by Templum Markets LLC, a wholly owned broker-dealer and Alternative Trading System (ATS) subsidiary of Templum, Inc. For more information, please visit https://templuminc.com.


Disclosures

Investors should carefully consider a fund’s investment objectives, risks, charges and expenses.


This and other important information is contained in a fund’s prospectus, which can be obtained by visiting www.pomonainvestmentfund.com. Please read it carefully before investing.


Principal Risks. An investment in the Fund involves a considerable amount of risk. A Shareholder may lose money. Before making an investment decision, a prospective investor should (i) consider the suitability of this investment with respect to the investor’s investment objectives and personal situation and (ii) consider factors such as the investor’s personal net worth, income, age, risk tolerance, and liquidity needs. The Fund is an illiquid investment. Shareholders have no right to require the Fund to redeem their Shares in the Fund and, as discussed in the Fund’s prospectus, the Fund conducts quarterly tender offers subject to Board approval. Therefore, before investing investors should carefully read the Fund’s prospectus and consider carefully the risks that they assume when they invest in the Fund’s common shares.


Any opinions, projections, forecasts and forward-looking statements presented herein are valid only as of the date of this document and are subject to change. Nothing contained herein should be construed as (i) an offer to buy any security or (ii) a recommendation as to the advisability of investing in, purchasing or selling any security.


Voya Investments Distributor, LLC, 200 Park Ave, New York, NY 10169

VOYA-IM

View source version on businesswire.com: https://www.businesswire.com/news/home/20260304277619/en/
Media Contacts:



Kris Kagel

Voya Financial

(201) 221-6534

Kristopher.Kagel@voya.com
Templum Media Contact

marketing@templuminc.com


Original: Voya Investment Management and Pomona Capital Digitize Investment Access to the Pomona Investment Fund (PIF) Through Agreement with Templum

F&G Annuities & Life Joins Voya Financial's Annuity Platform, Expanding Access to Protected Growth SolutionsFebruary 25, 2026 4:15 PM
PR Newswire (US)

Distribution relationship introduces F&G's fixed indexed annuities (FIAs), registered index-linked annuities (RILAs) and multi-year guaranteed annuities (MYGAs) product suite to Voya's industry leading wealth solutions businessDES MOINES, Iowa and NEW YORK, Feb. 25, 2026 /PRNewswire/ -- F&G Annuities & Life, Inc. (NYSE: FG) ("F&G") and Voya Financial, Inc. (NYSE: VOYA) today announced that F&G's annuity solutions will be available for distribution through Voya's Wealth Management platform, marking an exciting collaboration between two premier financial services organizations committed to helping Americans achieve financial security.Through the platform, Voya financial professionals can offer F&G annuities, providing clients with additional retirement and income protection choices. The relationship combines F&G's competitive product offerings with Voya's integrated advice and distribution capabilities, expanding access to annuity solutions designed to meet diverse retirement planning and long-term wealth protection needs."We are thrilled to partner with Voya to bring F&G's suite of annuity solutions to their wealth management business," said Conor Murphy, President and Chief Financial Officer of F&G. "This collaboration represents an important opportunity to serve more Americans as they plan for their financial futures. Voya's commitment to customer centricity and financial confidence aligns perfectly with F&G's mission of helping people turn their aspirations into reality."As part of the relationship, Voya financial professionals will have access to F&G's annuity offerings, supported by educational resources and product expertise intended to drive strong advisor and client outcomes. Both organizations share a dedication to innovation, integrity and putting customers first, values that form the foundation of this exciting relationship."We look forward to bringing our scale and advisor acumen to this collaboration," said John Brett, President, Wealth Management at Voya Financial. "This relationship enhances our ability to deliver impactful, well-designed solutions that help clients address a wide range of retirement and investment needs."About F&GF&G Annuities & Life, Inc. (NYSE: FG) is committed to helping Americans turn their aspirations into reality. F&G is a leading provider of insurance solutions serving retail annuity and life customers and institutional clients and is headquartered in Des Moines, Iowa. For more information, please visit www.fglife.com.About Voya Financial®Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya's services and solutions help clear the path to financial confidence and a more fulfilling life for individual, workplace and institutional clients, supporting more than 18 million customer relationships. Certified as a "Great Place to Work" by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.Media ContactsF&G
Gabrielle Simon
413.695.3818
pro-F&G@prosek.comVoya Financial
Olivia Valente
203.528.5284
olivia.valente@voya.comInvestor ContactsF&G
Lisa Foxworthy-Parker
SVP of Investor & External Relations
515.330.3307
Investor.relations@fglife.comVoya Financial
Mei Ni Chu
IR@voya.com"F&G" is the marketing name for Fidelity & Guaranty Life Insurance Company issuing insurance in the United States outside of New York. Life insurance and annuities issued by Fidelity & Guaranty Life Insurance Company, Des Moines, IA.



View original content:https://www.prnewswire.com/news-releases/fg-annuities--life-joins-voya-financials-annuity-platform-expanding-access-to-protected-growth-solutions-302697483.htmlSOURCE F&G Annuities & Life, Inc.

Original: F&G Annuities & Life Joins Voya Financial's Annuity Platform, Expanding Access to Protected Growth Solutions

Voya Financial Announces MyCompass Target Date Investment Solutions Reach $10 Billion AUM MilestoneFebruary 18, 2026 8:59 AM
Business Wire
Voya Financial, Inc. (NYSE: VOYA), announced today that the suite of MyCompass Investment Solutions offered on its recordkeeping platform has reached $10 billion in assets under management (AUM). Launched in the fall of 2019 by Great Gray Trust Company (Great Gray) as trustee, the suite of MyCompass target date funds is available to many of Voya’s Retirement clients. Created to address the unique retirement needs of individual plan participants, MyCompass achieved $2 billion in AUM approximately two years after launch demonstrating the demand for target date products.


“According to Morningstar, over $4.3 trillion in assets are invested in target dates and collective investment trusts as of 2025—showing that these retirement options continue to be popular with employees and investors across America,” said Allison Dirksen, head, Retirement Distribution, Voya Financial. “That said, when MyCompass was designed in collaboration with Great Gray, we knew that a one size fits all approach wouldn’t work to meet the unique goals and needs for plan participants. Therefore, MyCompass provides a number of investment options which underscores our commitment to provide holistic financial wellness solutions that can help all Americans reach a secure financial future.”


Currently, the MyCompass suite consists of three collective investment trust (CIT) target date series, all of which are trusteed by Great Gray and allocate their assets among investment funds managed by industry leaders and include a guaranteed investment annuity contract or stable value product issued by Voya. These suites include:



MyCompass Target Date Blend Series: A sophisticated multi-manager target-date solution based on Voya Investment Management’s (Voya IM) glidepath that combines multiple asset classes, institutional-quality managers, and both active and passive strategies to deliver diversified allocations aligned with participants' retirement dates.




MyCompass Index Fund Series: Combines Great Gray’s retirement planning capabilities along with glidepath services from BlackRock, including Voya IM’s own industry leading stable-value capabilities. In addition to a competitive expense structure and integrated enrollment experience, the solution also offers participants added protection against market volatility and uncertainty.




MyCompass American Funds Series: A collaboration among Great Gray, Voya IM’s and Capital Group to deliver a target date investment approach that draws upon the American Funds Target Date Retirement Series distinctive glidepath approach. The series features a "glide path within a glide path" that adjusts the mix of fixed income and equities exposures over time to generate returns and manage risk. The building blocks are American Funds actively managed equity and fixed income, along with an allocation to Voya IM's industry leading stable-value capabilities.



As an industry leader focused on the delivery of benefits, savings, and investment solutions to and through the workplace, Voya Financial is committed to its purpose of, together, fighting for everyone’s opportunity for a better financial future.


About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for approximately 15.7 million individual, workplace and institutional clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer centricity, integrity, accountability, agility and inclusivity. Together with customers and partners, Voya employees fight for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on LinkedIn, Facebook and Instagram.


About Great Gray®

Great Gray Trust Company, LLC serves as Trustee for its bank collective investment funds (“Funds”) and maintains ultimate fiduciary authority over the management of, and investments made in, the Funds. The Funds are not mutual funds as the Funds and their units are exempt from registration under the Investment Company Act of 1940 and the Securities Act of 1933, respectively.


Investments in the Funds are not bank deposits or obligations of and are not insured or guaranteed by Great Gray Trust Company, LLC, any bank, the FDIC, the Federal Reserve, or any other governmental agency. The Funds are commingled investment vehicles, and as such, the values of the underlying investments will rise and fall according to market activity; it is possible to lose money by investing in the Funds.


Participation in Collective Investment Trust Funds is limited primarily to qualified retirement plans and certain state or local government plans and is not available to IRAs, non-governmental health and welfare plans and, in certain cases, Keogh (H.R. 10) plans. Collective Investment Trust Funds may be suitable investments for plan fiduciaries seeking to construct a well-diversified retirement savings program. Investors should consider the investment objectives, risks, charges, and expenses of any pooled investment fund carefully before investing.


VOYA-RET

View source version on businesswire.com: https://www.businesswire.com/news/home/20260218111738/en/
Media Contact:

Kris Kagel

Voya Financial

Cell: (201) 221-6534

Kristopher.kagel@voya.com


Original: Voya Financial Announces MyCompass Target Date Investment Solutions Reach $10 Billion AUM Milestone

VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTIONFebruary 17, 2026 4:15 PM
Business Wire
Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the “Funds”) today announced important information concerning the Funds’ distributions declared in January 2026. This press release is issued as required by the Funds’ Managed Distribution Plan (the “Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the February distribution. It is not determinative of the tax character of the Funds’ distributions for the 2026 calendar year. Shareholders should note that the Funds’ total regular distribution amount is subject to change as a result of market conditions or other factors.


The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.


Monthly Distribution: Payable February 17, 2026

Distribution Amount per Common Share (IGA): $0.085

Distribution Amount per Common Share (IDE): $0.100


The following table sets forth an estimate of the sources of the Fund’s February distribution and its cumulative distributions paid year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.




Voya Global Advantage and Premium Opportunity Fund








Source






Current

Distribution






% of Current

Distribution






Cumulative

Distributions for the

Tax Year-to-Date




 






% of the Cumulative

Distributions for the

Tax Year-to-Date1




 








Net Investment Income






$ 0.009






10.00%






$ 0.009






10.00%








Net Realized Short-Term Capital Gains






$ 0.000






0.00%






$ 0.000






0.00%








Net Realized Long-Term Capital Gains






$ 0.000






0.00%






$ 0.000






0.00%








Return of Capital or Other Capital Source(s)






$ 0.076






90.00%






$ 0.076






90.00%








Total per common share






$ 0.085






100.00%






$ 0.085






100.00%









Voya Infrastructure, Industrials and Materials Fund








Source






Current

Distribution






% of Current

Distribution






Cumulative

Distributions for the

Fiscal Year-to-Date




 






% of the Cumulative

Distributions for the

Fiscal Year-to-Date1




 








Net Investment Income






$ 0.000






0.00%






$ 0.000






0.00%








Net Realized Short-Term Capital Gains






$ 0.000






0.00%






$ 0.000






0.00%








Net Realized Long-Term Capital Gains






$ 0.018






18.00%






$ 0.018






18.00%








Return of Capital or Other Capital Source(s)






$ 0.082






82.00%






$ 0.082






82.00%








Total per common share






$ 0.100






100.00%






$ 0.100






100.00%









1 The Fund’s tax year is January 1, 2026 to December 31, 2026.







IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds’ is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds’ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.


Set forth in the tables below is information relating to the Fund’s performance based on its net asset value (NAV) for certain periods.


Voya Global Advantage and Premium Opportunity Fund




Average annual total return at NAV for the five year period ended on January 31, 20261






11.14%








Annualized current distribution rate expressed as a percentage of NAV as of January 31, 20262






9.67%








Cumulative total return at NAV for the tax year through January 31, 20263






2.13%








Cumulative tax year to date distribution rate as a percentage of NAV as of January 31, 20264






0.81%







Voya Infrastructure, Industrials and Materials Fund




Average annual total return at NAV for the five year period ended on January 31, 20261






12.66%








Annualized current distribution rate expressed as a percentage of NAV as of January 31, 20262






8.88%








Cumulative total return at NAV for the fiscal year through January 31, 20263






5.71%








Cumulative fiscal year to date distribution rate as a percentage of NAV as of January 31, 20264






0.74%









1






Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on January 31, 2026.








2






The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund’s NAV as of January 31, 2026.








3






Cumulative total return at NAV is the percentage change in the Fund’s NAV for the period from the beginning of its tax year to January 31, 2026 including distributions paid and assuming reinvestment of those distributions.








4






Cumulative tax year distribution rate for the period from the year-to-date period as a percentage of the Fund’s NAV as of January 31, 2026.







Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.


Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors’ expectations for future distribution changes, the clarity of the Fund’s investment strategy and future return expectations, and investors’ confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund’s investment objective, risks, charges and expenses.


Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund’s actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund’s investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.


This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.


About Voya® Investment Management


Voya Investment Management manages approximately $360 billion as of December 31, 2025 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217940487/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com

CONTACT: Kris Kagel, (800) 992-0180


Original: VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION

Voya Equity Closed End Funds Declare DistributionsFebruary 17, 2026 4:05 PM
Business Wire
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today the distributions on the common shares of five of its closed-end funds: Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA), Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD), Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE), Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE), and Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD).


With respect to each Fund, the distribution will be paid on March 16, 2026, to shareholders of record on March 2, 2026. The ex-dividend date is March 2, 2026. The distribution per share for each Fund is as follows:




Fund






Distribution Per Share








Monthly Distributions






 








Voya Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)






$0.050








Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE)






$0.065








Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD)






$0.055








Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA)






$0.085








Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE)






$0.100







The following table sets forth an estimate of the sources of each Fund’s February distribution and its cumulative distributions paid this fiscal year to date. Amounts are expressed on a per common share basis and as a percentage of the distribution amount.



Data as of 1/31/2026




Estimated Sources
Tax YTD1
Estimated Tax YTD Percentages




of Current Distribution

Estimated Sources of Distribution
of Distribution



 






Per Share






Net Investment






LT






ST






Return of






Per Share






Net Investment






LT






ST






Return of






Net Investment






LT






ST






Return of








Distribution
Income
Gains
Gains
Capital
Distribution
Income
Gains
Gains
Capital
Income
Gains
Gains
Capital


IGA (FYE 2/28)

0.085






0.009






0.000






0.000






0.076






0.085






0.009






0.000






0.000






0.076






10.0%






0.0%






0.0%






90.0%







IGD (FYE 2/28)

0.050






0.005






0.000






0.000






0.045






0.050






0.005






0.000






0.000






0.045






11.0%






0.0%






0.0%






89.0%







IDE (FYE 2/28)

0.100






0.000






0.018






0.000






0.082






0.100






0.000






0.018






0.000






0.082






0.0%






18.0%






0.0%






82.0%







IHD (FYE 2/28)

0.055






0.000






0.000






0.000






0.055






0.055






0.000






0.000






0.000






0.055






0.0%






0.0%






0.0%






100.0%







IAE (FYE 2/28)

0.065






0.000






0.000






0.000






0.065






0.065






0.000






0.000






0.000






0.065






0.0%






0.0%






0.0%






100.0%





















 


1 The Fund's tax year is January 1, 2026 to December 31, 2026.


Set forth in the tables below is information relating to each Fund’s performance based on its net asset value (NAV) for certain periods.



Data as of 1/30/2026



Annualized
Cumulative



 






Distribution

Rate






Tax YTD

Distribution






NAV






5-Year

Return on NAV






Tax

Distribution Rate

on NAV1






Tax YTD

Return on NAV






Tax YTD

Distribution Rate

on NAV1







IGA (FYE 2/28)

0.085






0.085






10.55






11.14%






9.67%






2.13%






0.81%







IGD (FYE 2/28)

0.050






0.050






6.26






10.75%






9.58%






2.12%






0.80%







IDE (FYE 2/28)

0.100






0.100






13.51






12.66%






8.88%






5.71%






0.74%







IHD (FYE 2/28)

0.055






0.055






7.31






8.87%






9.03%






7.82%






0.75%







IAE (FYE 2/28)

0.065






0.065






8.46






8.72%






9.22%






6.42%






0.77%














 


1 As a percentage of 12/31/2025 NAV


You should not draw any conclusions about the Funds’ investment performance from the amount of this distribution or from the terms of the Funds’ Plan. The Funds’ estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds is paid back to you. A return of capital distribution does not necessarily reflect the Funds’ investment performance and should not be confused with ‘yield’ or ‘income.’ The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds’ investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.


Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.


Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses.


Certain statements made on behalf of the Funds in this release are forward-looking statements. The Funds’ actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Funds' investments specifically. Neither the Funds nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement.


This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel.


About Voya® Investment Management


Voya Investment Management manages approximately $360 billion as of December 31, 2025 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients’ needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260217774191/en/
SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; voyainvestments.com
CONTACT: Kris Kagel, (800) 992-0180


Original: Voya Equity Closed End Funds Declare Distributions

Voya Financial announces fourth-quarter and full-year 2025 resultsFebruary 3, 2026 4:15 PM
Business Wire
Voya Financial, Inc. (NYSE: VOYA) announced today its fourth-quarter and full-year 2025 financial results:



Full-year 2025 net income available to common shareholders of $613 million, or $6.29 per diluted share, including $136 million, or $1.41 per diluted share in the fourth-quarter.



Full-year 2025 after-tax adjusted operating earnings1 of $861 million, or $8.85 per diluted share, including after-tax adjusted operating earnings1 of $188 million, or $1.94 per diluted share in the fourth quarter.



Delivered over $1 billion in pre-tax adjusted operating earnings1 for the full-year.



Generated approximately $775 million of excess capital for the full-year, a 19% increase over the prior year.



“We delivered strong results in 2025, exceeding our targets for adjusted pre-tax earnings and cash generation, reflecting the strength of our diversified businesses, our disciplined execution, and the focus on our customers,” said Heather Lavallee, chief executive officer, Voya Financial. “Leveraging the strengths and connections across our Retirement, Investment Management and Employee Benefits businesses continues to support our growth and enhance the value we deliver for our customers, evidenced by our Retirement and Investment Management AUM surpassing $1 trillion in assets in the year.”


“For the full year, Voya delivered more than 20% growth in adjusted operating EPS, supported by consistent organic growth across both Retirement and Investment Management, our acquisition of OneAmerica, and margin improvement in Employee Benefits. As we look ahead, our strong free-cash-flow generation and continued work to align our solutions with the evolving needs of employers, employees and intermediaries positions us to enter the year with solid momentum and a clear set of priorities. Our vision — clearing the path to financial confidence and a more fulfilling life — guides how we serve our customers and create long-term value for all of our stakeholders,” Lavallee added.



_____________________________


1 This press release includes certain non-GAAP financial measures, including adjusted operating earnings. More information on non-GAAP measures, and reconciliations to the most comparable U.S. GAAP measures, can be found in the "Use of Non-GAAP Financial Measures" and reconciliation tables at the end of this press release, and in the “Non-GAAP Financial Measures” section of the company’s Quarterly Investor Supplement, which is available at investors.voya.com.


Fourth-Quarter 2025 Consolidated Results

Fourth-quarter 2025 net income available to common shareholders was $136 million, or $1.41 per diluted share, compared with $93 million, or $0.94 per diluted share, in fourth-quarter 2024. The increase was primarily due to higher after-tax adjusted operating earnings.


Fourth-quarter 2025 after-tax adjusted operating earnings were $188 million, or $1.94 per diluted share, compared with $138 million, or $1.40 per diluted share, in fourth-quarter 2024. The increase was due to higher earnings across all segments, partially offset by higher accruals in Corporate for performance-based compensation, reflecting strong results in the full-year. The fourth-quarter 2025 earnings per share also benefited from reduced share count from share repurchases.


Full-Year 2025 Consolidated Results

Full-year 2025 net income available to common shareholders was $613 million, or $6.29 per diluted share, compared with $626 million, or $6.17 per diluted share, in full-year 2024. The decrease reflects the net investment gains and tax benefits associated with divested businesses in the prior period, which did not repeat, and higher expenses in the current period associated with severance and acquisitions, mostly offset by higher after-tax adjusted operating earnings.


Full-year 2025 after-tax adjusted operating earnings were $861 million, or $8.85 per diluted share, compared with $736 million, or $7.25 per diluted share, in full-year 2024. The full-year 2025 included higher earnings across all segments, supported by an improved adjusted operating margin in Employee Benefits, partially offset by higher accruals in Corporate for performance-based compensation. Full-year 2025 earnings per share also benefited from a reduced share count from share repurchases.


Business Segment Results

Retirement

Retirement fourth-quarter 2025 and full-year 2025 pre-tax adjusted operating earnings were $255 million and $959 million, respectively. This reflects an increase of $45 million over the prior-year quarter and $139 million over the prior year, respectively. The increase was primarily due to the acquired business from OneAmerica, higher alternative investment income and strong business execution.


Net revenues for the year ended Dec. 31, 2025 grew 17.1% compared with the prior-year period due to organic growth, business acquired from OneAmerica, higher alternative investment income, and positive capital markets.


Adjusted operating margin for the year ended Dec. 31, 2025 was 39.8% and was broadly consistent with the prior-year period. This reflects continued expense discipline, while investing for growth.


Total client assets as of Dec. 31, 2025 were $797 billion, up 30% compared with Dec. 31, 2024, primarily due to assets onboarded from OneAmerica, the record organic Defined Contribution net inflows of $28 billion, and positive capital markets.


Investment Management

Investment Management fourth-quarter 2025 pre-tax adjusted operating earnings, excluding noncontrolling interest, were $72 million, compared to $66 million in the prior-year period. The increase was primarily due to higher fee-based revenues benefiting from strong business momentum and positive capital markets, partially offset by higher incentive compensation tied to results.


Investment Management full-year 2025 pre-tax adjusted operating earnings, excluding noncontrolling interest, were $226 million, up from $213 million in the prior year. The increase was primarily due to higher net revenues from business growth, partially offset by higher variable compensation.


Net revenues for the year ended Dec. 31, 2025 grew 4.9% compared with the prior-year period, pushing revenues for Investment Management to over $1 billion for the first time in firm history.


Adjusted operating margin for the year ended Dec. 31, 2025 was 28.3% and was consistent with the prior-year period.


Investment Management generated net inflows of $1.2 billion (excluding divested businesses) during the three months ended Dec. 31, 2025. For the full year ended Dec. 31, the company generated a record $14.6 billion of net inflows (excluding divested businesses), representing an organic growth of 4.8%. Our overall assets under management were $360 billion as of Dec. 31, 2025 compared to $339 billion as of Dec. 31, 2024.


Employee Benefits

Employee Benefits fourth-quarter 2025 pre-tax adjusted operating loss was $10 million, improved from a loss of $102 million in the prior-year period. The improvement was driven by higher underwriting margins in Group Life and Stop Loss, including an increase in reserves for Stop Loss.


Employee Benefits full-year 2025 pre-tax adjusted operating earnings were $152 million, up from $40 million in the prior year. The increase was primarily due to net underwriting margin improvement for Stop Loss, partly offset by higher administrative expenses due to investments in the business.


Net revenues for the year ended Dec. 31, 2025 increased 14.7% compared with the prior-year period. Adjusted operating margin for the year ended Dec. 31, 2025, was 13.6% compared with 4.1% in the prior-year period.


Employee Benefits fourth-quarter 2025 annualized in-force premiums and fees declined 5% to $3.6 billion compared with the prior-year period. The decline reflects intentional prioritization of margin improvement over growth, through pricing discipline and enhanced risk selection within the Stop Loss business.


Corporate

Corporate fourth-quarter 2025 pre-tax adjusted operating losses, excluding noncontrolling interest, were $90 million, compared with $27 million of losses in the prior-year period. Corporate full-year 2025 pre-tax adjusted operating losses, excluding noncontrolling interest, were $299 million, compared with $203 million of losses in the prior year. The higher losses were primarily driven by higher accruals for performance-based compensation, reflecting strong full-year 2025 results.


Capital

For the fourth-quarter 2025, the company generated approximately $175 million of excess capital, and returned $120 million and $44 million of excess capital to shareholders through share repurchases and common stock dividends, respectively. Share repurchases included delivery of the remaining $20 million of shares from the third-quarter accelerated share repurchase agreement.


For the full-year ending 2025, the company generated approximately $775 million of excess capital which was approximately 90% of after-tax adjusted operating earnings. The company returned $200 million and $174 million of excess capital to shareholders through share repurchases and common stock dividends, respectively.


As of Dec. 31, 2025, the company's excess capital position was approximately $0.4 billion and remaining share repurchase authorization was $562 million.


Additional Financial Information and Earnings Call


More detailed financial information can be found in the company’s quarterly investor supplement, which is available on Voya’s investor relations website, investors.voya.com. In addition, Voya will host a conference call on Wednesday, Feb. 4 , 2026, at 10 a.m. ET, to discuss the company’s fourth-quarter 2025 results. The call and slide presentation can be accessed via the company’s investor relations website at investors.voya.com. A replay of the call will be available on the company’s investor relations website, investors.voya.com, starting at approximately 1 p.m. ET on Feb. 4, 2026.


About Voya Financial

Voya Financial, Inc. (NYSE: VOYA) is a leading retirement, employee benefits and investment management company. Voya’s services and solutions help clear the path to financial confidence and a more fulfilling life for approximately 15.7 million individual, workplace and institutional clients. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya fosters a culture that values customer-centricity, integrity, accountability, agility and inclusivity. Voya employees fight together with customers and partners for everyone's opportunity for a better financial future. For more information visit voya.com and follow Voya Financial on Facebook, LinkedIn and Instagram.


Use of Non-GAAP Financial Measures

We believe that Adjusted operating earnings before income taxes is a meaningful measure used by management to evaluate our business and segment performance. This measure enhances the understanding of our financial results by focusing on the operating performance and trends of the underlying core business segments. It excludes results from exited businesses and items that tend to be highly variable from period to period based on capital market conditions or other factors which distort the ability to make a meaningful evaluation of our segments. We use the same accounting policies and procedures to measure segment Adjusted operating earnings before income taxes as we do for the directly comparable U.S. GAAP measure Income (loss) before income taxes. Adjusted operating earnings before income taxes does not replace Income (loss) before income taxes as the U.S. GAAP measure of our consolidated results of operations. Therefore, we believe that it is useful to evaluate both measures when reviewing our financial and operating performance. Each segment’s Adjusted operating earnings before income taxes is calculated by adjusting Income (loss) before income taxes for the following items:



Net investment gains (losses);



Income (loss) related to businesses exited or to be exited through reinsurance or divestment;



Income (loss) attributable to noncontrolling interests to which we are not economically entitled;



Dividend payments made to preferred shareholders are included as reductions to reflect the Adjusted operating earnings before income taxes that are available to common shareholders;



Other adjustments may include the following items:


Income (loss) related to early extinguishment of debt;



Impairment of goodwill and intangible assets;



Amortization of acquisition-related intangible assets as well as contingent consideration fair value adjustments;



Expected return on plan assets net of interest costs associated with our qualified defined benefit pension plan and immediate recognition of net actuarial gains (losses) related to all of our pension and other postretirement benefit obligations and gains (losses) from plan amendments and curtailments; and



Other items not indicative of normal operations or performance of our segments or that may be related to events such as capital or organizational restructurings, including certain costs related to debt and equity offerings, acquisition / merger integration expenses, severance and other third-party expenses associated with such activities, and expenses attributable to vacant real estate.






Sources of Earnings

We analyze our segment performance based on the sources of earnings. We believe that this supplemental information is useful because we use it to analyze our business and it can help investors understand the main drivers of Adjusted operating earnings before income taxes. The sources of earnings include:



Investment spread and other investment income.



Fee-based margin.



Net underwriting gain (loss).



Administrative expenses.



Premium taxes, fees and assessments.



Net commissions.



DAC/VOBA and other intangibles amortization.



Net Revenue and Adjusted Operating Margin



Adjusted operating margin is defined as Adjusted operating earnings before income taxes divided by net revenue.



Net revenue is the sum of investment spread and other investment income, fee-based margin, and net underwriting gain (loss).



The primary adjustment to derive Net revenue is reducing Adjusted operating revenues by “Interest credited and other benefits to contract owners / policyholders”. This adjustment primarily reflects the interest credited to customers for general account products in our Retirement and Employee Benefits segments and the benefits paid to customers in our Employee Benefits segment for Group Life, Stop Loss, and Voluntary products. This adjustment allows us to report to investors our investment spread and our net underwriting gain and loss, which are meaningful measures used by management to evaluate our business and segment performance. Investment spread informs investors how we set crediting rates relative to the yield we earn on our general account investments and net underwriting gain and loss informs investors how we set premiums relative to incurred benefits to policyholders (“loss ratio”).



Forward-Looking and Other Cautionary Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company does not assume any obligation to revise or update these statements to reflect new information, subsequent events or changes in strategy. Forward-looking statements include statements relating to future developments in our business or expectations for our future financial performance and any statement not involving a historical fact. Forward-looking statements use words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Actual results, performance or events may differ materially from those projected in any forward-looking statement due to, among other things, (i) global market and geopolitical risks, including general economic conditions, impacts of a U.S. government shutdown, interest rates, inflation, tariffs imposed or threatened by the U.S. or foreign governments and our ability to manage such risks; (ii) liquidity and credit risks, including financial strength or credit ratings downgrades, requirements to post collateral, and availability of funds through dividends from our subsidiaries or lending programs; (iii) strategic and business risks, including our ability to maintain market share, achieve desired results from our acquisitions and dispositions, or otherwise manage our third-party relationships; (iv) investment risks, including the ability to achieve desired returns or liquidate certain assets; (v) operational risks, including cybersecurity and privacy failures and our dependence on third parties; and (vi) tax, regulatory and legal risks, including limits on our ability to use deferred tax assets, changes in law, regulation or accounting standards, and our ability to comply with regulations. Factors that may cause actual results to differ from those in any forward-looking statement also include those described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”) – Trends and Uncertainties” in our Annual Report on Form 10-K for the year ended Dec. 31, 2025, to be filed with the SEC on or before Mar. 2, 2026.


VOYA-IR VOYA-CF




Consolidated Statement of Operations








 






Three Months Ended






 






Twelve Months Ended








(in millions USD, except per share)






12/31/2025






12/31/2024






 






12/31/2025






12/31/2024








 






 






 






 






 






 








Revenues






 






 






 






 






 








Net investment income






$






591






 






$






521






 






 






$






2,318






 






$






2,074






 








Fee income






 






633






 






 






543






 






 






 






2,396






 






 






2,113






 








Premiums






 






738






 






 






790






 






 






 






2,912






 






 






3,176






 








Net gains (losses)






 






(34






)






 






(52






)






 






 






(130






)






 






(27






)








Other revenues






 






136






 






 






134






 






 






 






440






 






 






423






 








Income (loss) related to consolidated investment entities






 






47






 






 






74






 






 






 






253






 






 






291






 








Total revenues






 






2,111






 






 






2,010






 






 






 






8,189






 






 






8,050






 








Benefits and expenses






 






 






 






 






 








Interest credited and other benefits to contract owners/policyholders






 






(875






)






 






(987






)






 






 






(3,361






)






 






(3,619






)








Operating expenses






 






(937






)






 






(756






)






 






 






(3,447






)






 






(3,082






)








Net amortization of DAC/VOBA






 






(64






)






 






(56






)






 






 






(249






)






 






(223






)








Interest expense






 






(28






)






 






(35






)






 






 






(117






)






 






(124






)








Operating expenses related to consolidated investment entities






 






(38






)






 






(56






)






 






 






(178






)






 






(203






)








Total benefits and expenses






 






(1,942






)






 






(1,890






)






 






 






(7,352






)






 






(7,251






)








Income (loss) before income taxes






 






169






 






 






120






 






 






 






837






 






 






799






 








Income tax expense (benefit)






 






20






 






 






(1






)






 






 






104






 






 






57






 








Net income (loss)






 






149






 






 






121






 






 






 






733






 






 






742






 








Less: Net income (loss) attributable to noncontrolling interest and redeemable noncontrolling interest






 






9






 






 






24






 






 






 






79






 






 






75






 








Net income (loss) available to Voya Financial, Inc.






 






140






 






 






97






 






 






 






654






 






 






667






 








Less: Preferred stock dividends






 






4






 






 






4






 






 






 






41






 






 






41






 








Net income (loss) available to Voya Financial, Inc.'s common shareholders






$






136






 






$






93






 






 






$






613






 






$






626






 








Net income (loss) available to Voya Financial, Inc.'s common shareholders per common share:






 






 






 






 






 








Basic






$






1.43






 






$






0.97






 






 






$






6.40






 






$






6.31






 








Diluted






$






1.41






 






$






0.94






 






 






$






6.29






 






$






6.17






 









Reconciliation of Net Income (Loss) to Adjusted Operating Earnings and Earnings Per Share (Diluted)








 






Three Months Ended








(in millions USD, except per share)






12/31/2025






 






12/31/2024








 






After-tax (1)






Per share






 






After-tax (1)






Per share








Net Income (loss) available to Voya Financial, Inc.'s common shareholders






$






136






 






$






1.41






 






 






$






93






 






$






0.94






 








Less:






 






 






 






 






 








Net investment gains (losses)






 






3






 






 






0.03






 






 






 






—






 






 






—






 








Income (loss) related to businesses exited or to be exited through reinsurance or divestment






 






(20






)






 






(0.21






)






 






 






(17






)






 






(0.17






)








Other adjustments (2)






 






(35






)






 






(0.36






)






 






 






(27






)






 






(0.28






)








Adjusted operating earnings






$






188






 






$






1.94






 






 






$






138






 






$






1.40






 








Note: Totals may not sum due to rounding.


(1) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings. For net investment gains (losses), income (loss) related to businesses exited, and other non-operating items, we apply a 21% tax rate and adjust for related tax benefits and expenses, including changes to tax valuation allowances and impacts related to changes in tax law.


(2) Primarily consists of acquisition and integration costs associated with recent transactions and amortization of acquisition-related intangible assets. For the three months ended Dec. 31, 2025, also includes a $19 million, after-tax, net actuarial loss related to pension and other postretirement benefit obligations and $14 million, after-tax, of severance costs. For the three months ended Dec. 31, 2024, also includes a $12 million, after-tax, write-off of an intangible asset related to a prior acquisition, an $8 million, after-tax, write-off of previously capitalized costs associated with an internal technology project which is no longer being pursued, $5 million, after-tax, of severance costs, and $4 million, after-tax, related to an insurance company guaranty fund assessment net of premium tax credits, partially offset by a $20 million, after-tax, net actuarial gain related to pension and other postretirement benefit obligations.




Reconciliation of Net Income (Loss) to Adjusted Operating Earnings and Earnings Per Share (Diluted)








 






Twelve Months Ended








(in millions USD, except per share)






12/31/2025






 






12/31/2024








 






After-tax (1)






Per share






 






After-tax (1)






Per share








Net Income (loss) available to Voya Financial, Inc.'s common shareholders






$






613






 






$






6.29






 






 






$






626






 






$






6.17






 








Less:






 






 






 






 






 








Net investment gains (losses)






 






(33






)






 






(0.34






)






 






 






39






 






 






0.39






 








Income (loss) related to businesses exited or to be exited through reinsurance or divestment (2)






 






(116






)






 






(1.19






)






 






 






(75






)






 






(0.74






)








Other adjustments (3)






 






(99






)






 






(1.02






)






 






 






(75






)






 






(0.74






)








Adjusted operating earnings






$






861






 






$






8.85






 






 






$






736






 






$






7.25






 








Note: Totals may not sum due to rounding.


(1) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings. For net investment gains (losses), income (loss) related to businesses exited, and other non-operating items, we apply a 21% tax rate and adjust for related tax benefits and expenses, including changes to tax valuation allowances and impacts related to changes in tax law.


(2) Includes tax benefits of $38 million related to a divested business for the twelve months ended December 31, 2024.


(3) Primarily consists of acquisition and integration costs associated with recent transactions and amortization of acquisition-related intangible assets. For the twelve months ended Dec. 31, 2025, also includes $38 million, after-tax, of severance costs and a $19 million, after-tax, net actuarial loss related to pension and other postretirement benefit obligations. For the twelve months ended Dec. 31, 2024, also includes $12 million, after-tax, of severance costs, a $12 million, after-tax, write-off of an intangible asset related to a prior acquisition, an $8 million, after-tax, write-off of previously capitalized costs associated with an internal technology project which is no longer being pursued, and $4 million, after-tax, related to an insurance company guaranty fund assessment net of premium tax credits, partially offset by a $20 million, after-tax, net actuarial gain related to pension and other postretirement benefit obligations.




Adjusted Operating Earnings








 






Three Months Ended






Twelve Months Ended








(in millions USD, except per share)






12/31/2025






12/31/2024






12/31/2025






12/31/2024








Adjusted operating earnings






 






 






 






 








Retirement






$






255






 






$






210






 






$






959






 






$






820






 








Investment Management






 






72






 






 






66






 






 






226






 






 






213






 








Employee Benefits






 






(10






)






 






(102






)






 






152






 






 






40






 








Corporate






 






(90






)






 






(27






)






 






(299






)






 






(203






)








Adjusted operating earnings before income taxes






 






226






 






 






147






 






 






1,038






 






 






870






 








Less: Income taxes (1)






 






39






 






 






9






 






 






176






 






 






135






 








Adjusted operating earnings after income taxes






$






188






 






$






138






 






$






861






 






$






736






 








Adjusted operating earnings per share






 






1.94






 






 






1.40






 






 






8.85






 






 






7.25






 








Note: Totals may not sum due to rounding.


(1) For adjusted operating earnings, we apply a 21% tax rate and adjust for the dividends received deduction, tax credits, non-deductible compensation, and other tax benefits and expenses that relate to adjusted operating earnings.




Net Revenue, Adjusted Operating Earnings and Adjusted Operating Margin








 






Twelve Months Ended








(in millions USD)






12/31/2025






12/31/2024








Net revenue






 






 








Retirement






$






2,408






 






$






2,056






 








Investment Management






 






1,030






 






 






982






 








Employee Benefits






 






1,118






 






 






975






 








Total net revenue






$






4,556






 






$






4,012






 








 






 






 








Adjusted operating earnings






 






 








Retirement






$






959






 






$






820






 








Investment Management including noncontrolling interest






 






291






 






 






278






 








Employee Benefits






 






152






 






 






40






 








Adjusted operating earnings, excluding Corporate






$






1,402






 






$






1,138






 








 






 






 








Adjusted operating margin






 






 








Retirement






 






39.8






%






 






39.9






%








Investment Management






 






28.3






%






 






28.3






%








Employee Benefits






 






13.6






%






 






4.1






%








Adjusted operating margin, excluding Corporate






 






30.8






%






 






28.4






%








Note: Totals may not sum due to rounding.


 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260203599634/en/
Media Contact:

Donna Sullivan

Donna.Sullivan@voya.com


Investor Contact:

Mei Ni Chu

IR@voya.com


Original: Voya Financial announces fourth-quarter and full-year 2025 results