Latest news with #BoardOfTrustees
Yahoo
4 days ago
- Business
- Yahoo
VOYA GLOBAL ADVANTAGE AND PREMIUM OPPORTUNITY FUND & VOYA INFRASTRUCTURE, INDUSTRIALS AND MATERIALS FUND ANNOUNCES PAYMENT OF MONTHLY DISTRIBUTION
SCOTTSDALE, Ariz., June 16, 2025--(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 May 2025. 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 June distribution. It is not determinative of the tax character of the Funds' distributions for the 2025 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 June 16, 2025 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 June 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 $ 0.031 36.47% $ 0.109 25.65% Net Realized Short-Term Capital Gains $ 0.000 0.00% $ 0.000 0.00% Net Realized Long-Term Capital Gains $ 0.000 0.00% $ 0.178 41.88% Return of Capital or Other Capital Source(s) $ 0.054 63.53% $ 0.138 32.47% Total per common share $ 0.085 100.00% $ 0.425 100.00% 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 $ 0.029 29.31% $ 0.093 18.60% Net Realized Short-Term Capital Gains $ 0.000 0.00% $ 0.000 0.00% Net Realized Long-Term Capital Gains $ 0.000 0.00% $ 0.109 21.80% Return of Capital or Other Capital Source(s) $ 0.071 70.69% $ 0.298 59.60% Total per common share $ 0.100 100.00% $ 0.500 100.00% 1 The Fund's tax year is January 1, 2025 to December 31, 2025. 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 May 30, 20251 11.21% Annualized current distribution rate expressed as a percentage of NAV as of May 30, 20252 9.92% Cumulative total return at NAV for the tax year through May 30, 20253 6.87% Cumulative tax year to date distribution rate as a percentage of NAV as of May 30, 20254 4.13% Voya Infrastructure, Industrials and Materials Fund Average annual total return at NAV for the five year period ended on May 30, 20251 11.96% Annualized current distribution rate expressed as a percentage of NAV as of May 30, 20252 10.14% Cumulative total return at NAV for the fiscal year through May 30, 20253 8.88% Cumulative fiscal year to date distribution rate as a percentage of NAV as of May 30, 20254 4.22% 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 May 30, 2025. 2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of May 30, 2025. 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 May 30, 2025 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 May 30, 2025. 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 ManagementVoya Investment Management manages approximately $345 billion as of March 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 Contacts SHAREHOLDER INQUIRIES: Shareholder Services at (800) 992-0180; Kris Kagel, (800) 992-0180
Yahoo
08-06-2025
- Politics
- Yahoo
Ono's rejection is classic example of GOP power grab
If Florida citizens haven't noticed, you best should. There is a concerning trend affecting almost every corner and aspect of Florida governance. It's called 'power grab' and it is evidenced most recently by the Florida Board of Governors' rejection of Santa Ono, the University of Florida's President-elect chosen by its board of trustees. You may believe - or not - Ono's self-distancing from DEI policies he once embraced at the University of Michigan from whence he came. His beliefs (like President Trump's ever-changing views and policies) are not the point. What is germane are the facts of how the situation was decided: Fact 1: The folks who stand closest to the situation and who would be most adversely affected should their choice for president go wrong, the UF Board of Trustees, made a choice - Santa Ono. Fact 2: They were overridden by the Florida Board of Governors, who rejected Ono, sending trustees 'back to the drawing board.' (Chalk up the 'sunk costs' - time and money for the search). What's wrong with this picture? First, it violates every rule of efficient and effective decision-making. Decision making is delegated downwards to those nearest the situation and most exposed to the effects of bad results should something go south. This is a key tenant of Fredrick Taylor's 'Theory of Scientific Management' and Kaizen, an offshoot of Edward Deming's Quality Management theory. Second, the US fought a Civil War in small part over the policy of 'state's rights' - states asserted the federal government was going and deciding where it shouldn't. What happened with Ono - as it has with many issues in Florida lately (education and municipal prerogative especially) - is that the 'higher authority' who by constitutional law, case law, common law, civil codes and historical tradition should not be interfering with lower policy makers, is taking proper and legally delegated authority away from duly authorized decision makers. Why is this wrong? More: Santa Ono barred from UF presidency amid mounting pressure from GOP officials First, it is not the 'American Way.' Second, it is not legally sound. Third, (and for Democrats the laugh provoking reason) it sets Republicans against Republicans. They really do 'eat their own.' As laughable as the Republican intra-party battles may seem to Democrats, the centralizing power grab is a dangerous policy. It becomes an inefficient way to make decisions with potential large and expensive negative outcomes on not just the 'argument principals' but a wide swath of Florida's population. We at the local level are losing legal rights to a Tallahassee group, a dominant segment of the Republican Party, whose aim is to grab power - and perpetually keep it. Neil C McMullen is a retired United Methodist Church minister living in Clearwater, Fl. JOIN THE CONVERSATION Send letters to the editor (up to 200 words) or Your Turn columns (about 500 words) to letters@ Please include your address for verification purposes only, and if you send a Your Turn, also include a photo and 1-2 line bio of yourself. You can also submit anonymous Zing!s at Submissions are published on a space-available basis. All submissions may be edited for content, clarity and length, and may also be published by any part of the USA TODAY NETWORK. This article originally appeared on Tallahassee Democrat: Ono's rejection is classic example of GOP power grab | Opinion
Yahoo
07-06-2025
- Politics
- Yahoo
UNC trustees' explanation for tenure delay is troubling and ‘chilling'
John Preyer, chairman of the UNC-Chapel Hill Board of Trustees, finally has explained why the board delayed voting on 33 faculty tenure applications for months before hurriedly approving them this week with an email vote between its regular meetings. 'Deferring the tenure vote was the responsible thing to do given the lack of clarity at that time on the state budget,' Preyer said in a statement to The News & Observer on Friday. 'Our concern was to wait and see what amount of money is coming from the state of North Carolina before we act on tenure, and it would be reasonable and responsible to get that information. The board will always try to be a good steward of state dollars provided to the University.' The explanation is unlikely to reassure faculty. Many were alarmed by the board's breaking with the usually routine approval procedure and its withholding action on all but one tenure application from faculty in the College of Arts and Sciences. Tenure approvals for faculty in health sciences were not delayed. Tenure-track faculty typically complete a six-year probationary period at the university and then expect to be approved for tenure or leave. To be approved for tenure, a candidate's work must pass an extensive review, including assessments by outside experts. Faculty leaders said leaving tenure applications hanging at the last step of approval was unfair and added uncertainty about the process that could make it difficult to recruit faculty for tenure-track positions. Belle Boggs, president of the North Carolina chapter of the American Association of University Professors, said trustees should not be suspending tenure applications that have passed several levels of the university. 'The Board of Trustees is not expert in any of these fields,' she said. 'It goes beyond inappropriate. This is an egregious abuse of their power.' Comments made by trustees in emails obtained by Inside Higher Ed and The Daily Tar Heel indicate that the delay reflected not only funding concerns but opposition to tenure itself. Apparently the trustees were prepared to deny tenure to save money if the next state budget reduces the university's funding. The board relented after an outcry by faculty leaders. Trustee Jim Blaine said in an email that the board should have waited until its meeting at the end of July to vote on the tenure applications, despite the faculty protests. Blaine wrote: 'The optics on this are terrible and make the administration look weak and irresolute. The reversal of course appears responsive to public groaning and gnashing of teeth – bad behavior by a few members of the faculty.' Trustee Marty Kotis opposes the idea of tenure. He said in an email, 'I find it difficult to believe university professors uniquely require lifetime job security comparable to positions held by the Pope or Federal Judges.' But trustee Richard Allison said in an email that the board should respect the process despite fiscal concerns and philosophical objections. 'People on the slate did what was expected of them over an extended period of time under long-established rules. I just do not believe that we should change the rules on them at the final hour,' he said. The tenure issue is resolved for this round, but the delay has added to faculty concerns that political conservatives among the trustees are out to weaken the role and the job status of faculty members in the College of Arts and Sciences, which some on the right consider a liberal indoctrination center. For Victoria Ekstrand, a professor at the Hussman School of Journalism and Media, the tenure episode adds to fears that conservative political appointees want to intimidate and possibly dismiss faculty. 'The chilling effect on the campus in this past year has been extraordinary,' she said. 'People have been quite under the radar. They're afraid, especially at the junior (faculty) level.' Ekstrand said open and honest discussion between trustees, administrators and faculty could defuse the situation. 'When you create a chilling effect like this, people stop talking to each other. We lose the shared governance and the trust in each other,' she said. 'It doesn't have to be this way.' But with reactionary Republican lawmakers controlling university appointments and President Trump leading a war on universities, it looks like 'this way' is the way it will be. Associate opinion editor Ned Barnett can be reached at 919-404-7583, or nbarnett@
CBS News
06-06-2025
- Politics
- CBS News
Keller ISD names lone finalist for Superintendent
The Keller ISD Board of Trustees named Cory Wilson their lone Superintendent finalist on Thursday night. The district made the announcement in a news release. Wilson has served as the interim superintendent since former Superintendent Tracy Johnson's resignation in January. Wilson has been a part of the KISD for over two decades, previously serving as the Assistant Superintendent of Education Services. Johnson's resignation was unanimously accepted a month after she voiced concerns about the proposal to split the district. Discussions about splitting the district ended in May after community pushback, including multiple lawsuits and Johnson's ultimate resignation. One lawsuit from a parent alleged the board's election rules violate the Voting Rights Act of 1965. Another accuses trustees of violating the Texas Open Meetings Act with their private talks of splitting the district. Presented in January, the proposal to divide the district along Highway 377, would have created Alliance ISD and divided students from schools and the community. The president of the KISD Board of Trustees praised Wilson's performance as Interim Superintendent, stating, "We are excited for the future of Keller ISD under his leadership." The board will wait the state-mandated 21-day waiting period before officially hiring Wilson for the position.
Yahoo
06-06-2025
- General
- Yahoo
Cedar Hill ISD chooses lone finalist for superintendent
The Brief Dr. Maria Gamell has been named the sole finalist for Cedar Hill ISD Superintendent. Gamell brings 24 years of education experience, most recently as Chief Human Resources Officer for Eagle Mountain-Saginaw ISD. A 21-day waiting period is required before the board can officially hire her as superintendent. CEDAR HILL, Texas - Cedar Hill ISD has announced their sole finalist for superintendent of schools. Dr. Maria Gamell has been named as the lone finalist for the position of superintendent. The decision was made during Thursday's board meeting following an extensive search and interview process. With 24 years of experience in education, she most recently served as chief human resources officer in Eagle Mountain-Saginaw ISD in Tarrant County. Throughout her career as a campus principal and district leader, Cedar Hill ISD says she has shown a strong dedication to student achievement, staff growth, and fostering meaningful community partnerships. What they're saying "I am humbled and honored for the opportunity to serve the Cedar Hill community in our united efforts to positively impact the lives of every student in the district," Gamell said. "I understand and believe in the responsibility that the Board of Trustees has entrusted with me, and I will serve on behalf of every student to provide a school experience that is focused on individual student success, supports individual talents and passions, upholds district pride, and cultivates meaningful relationships that make a difference for every ONE. I look forward to working alongside the dedicated educators and staff, families, and students to build on the legacy of Cedar Hill ISD." "We are thrilled to announce Dr. Maria Gamell as the lone finalist for superintendent," said Dr. Denise Roache-Davis, President of the Cedar Hill ISD Board of Trustees. "The Board is confident that she will lead our district with vision, integrity, and a strong commitment to academic excellence." What's next State law requires a 21-day waiting period following the naming of a lone finalist before the appointment can be made official. The Board anticipates finalizing the selection and officially hiring the new superintendent following this required period. The Source Information in this story came from Cedar Hill ISD.
