2011 Closed-End Foreign Tax Credit Details

ING Closed-End Funds that invest in foreign securities are required to pay taxes on foreign income they receive. Shareholders portion of foreign taxes paid are reported on the 1099-DIV, Box 6, and can either be taken as an itemized deduction or a foreign tax credit. A foreign tax credit reduces your actual U.S. income tax bill on a dollar for dollar basis. An itemized deduction reduces your income subject to tax.

The information on this page will help if you are utilizing a foreign tax credit and need to complete the IRS Form 1116 (for individuals, fiduciaries, and non-resident aliens) or IRS Form 1118 (for corporations).

• To calculate your foreign income by country, multiply the amount shown in Box 1 (ordinary dividends) of your 1099-DIV by each country's Income Factor shown in the table attached.
• To allocate your foreign tax paid by country, multiply the amount shown in Box 6 (foreign tax paid) of 1099-DIV by the Tax Factor shown in the table attached.

*Those U.S. individuals with no more than $300 of creditable foreign taxes ($600 in the case of a joint return) and whose only category of foreign source income is passive (such as through mutual funds) may elect to report your credit directly on Form 1040 line 47.

**Any fund that held less than 50% in foreign securities, will not pass through the foreign tax credit and will not be shown below.

View or download Closed End Fund Foreign Tax Credit Detail by fund.

Closed-End Funds with available foreign tax credits

• ING Asia Pacific High Dividend Equity Income Fund
• Emerging Markets High Dividend Equity Fund
• ING Global Equity Dividend and Premium Opportunity Fund
• ING Infrastructure Industrials and Materials Fund
• ING International High Dividend Equity Income Fund

Disclosure

Shareholders are advised to consult their own tax advisers with respect to the tax consequences of their investment in the Fund.