ING

Investment Management

2011 Closed End Fund Distribution Characterization

ING Asia Pacific High Dividend Equity Income Fund (IAE)

Total Distribution$ 1.67100.00%
Total Ordinary Income$0.9758.08%
Total Short-Term Capital Gains0.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital0.7041.92%
   
Total Qualified Dividend Income (% of Total)$0.3521.07%
Total Foreign Tax Credit$0.03 

ING Global Advantage and Premium Opportunity Fund (IGA)

Total Distribution$1.32100.0%
Total Ordinary Income$1.32100.0%
Total Short-Term Capital Gains0.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital0.00%
   
Total Qualified Dividend Income (% of Total)$0.3123.90%
Total Foreign Tax Credit 

*IGA's currency hedging strategy resulted in foreign currency losses which offset net investment income.

ING Global Equity Dividend and Premium Opportunity Fund (IGD)

Total Distribution$1.19100.00%
Total Ordinary Income$0.3226.67%
Total Short-Term Capital Gains0.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital0.8773.33%
   
Total Qualified Dividend Income (% of Total)$0.3529.33%
Total Foreign Tax Credit$0.03 

ING International High Dividend Equity Income Fund (IID)

Total Distribution$1.10100.00%
Total Ordinary Income$0.7568.27%
Total Short-Term Capital Gains0.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital0.3531.73%
   
Total Qualified Dividend Income (% of Total)$0.3733.79%
Total Foreign Tax Credit$0.03 

ING Infrastructure, Industrials and Markets Fund (IDE)

Total Distribution$1.80100.00%
Total Ordinary Income$0.3921.82%
Total Short-Term Capital Gains0.9452.39%
Total Long-Term Capital Gains0.4424.36%
Total Return of Capital$0.031.43%
   
Total Qualified Dividend Income (% of Total)$0.5530.32%
Total Foreign Tax Credit0.03 

ING Risk Managed Natural Resources Fund (IRR)

Total Distribution$1.42100.00%
Total Ordinary Income$1.0171.38%
Total Short-Term Capital Gains0.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital$0.4128.62%
   
Total Qualified Dividend Income (% of Total)$0.2215.68%
Total Foreign Tax Credit 



ING Prime Rate Trust (PPR)

Total Distribution$0.31100.00%
Total Ordinary Income$0.3194.20%
Total Short-Term Capital Gains0.290.00%
Total Long-Term Capital Gains0.00%
Total Return of Capital0.025.80%
   
Total Qualified Dividend Income (% of Total)0.00%
Total Foreign Tax Credit 

Shareholders are urged to consult with their tax adviser concerning the application of this information.

*IRR's collar option strategy offset realized capital gains of the underlying equity portfolio

The Principal Risk Factors for each fund can be reviewed by going to the Closed-End Fund Profile page and selecting a fund from the menu.

Distributions of earnings from non-qualifying dividends, interest income, other types of ordinary income and short-term capital gains will be taxed at the ordinary income tax rate applicable to the taxpayer.