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Press release from PR Newswire

ING Global Equity Dividend and Premium Opportunity Fund, ING International High Dividend Equity Income Fund, ING Infrastructure, Industrials and Materials Fund, ING Global Advantage and Premium Opportunity Fund, ING Risk Managed Natural Resources Fund and ING Asia Pacific High Dividend Equity Income Fund Declare Monthly/Quarterly Distributions

Wednesday, June 15, 2011

ING Global Equity Dividend and Premium Opportunity Fund, ING International High Dividend Equity Income Fund, ING Infrastructure, Industrials and Materials Fund, ING Global Advantage and Premium Opportunity Fund, ING Risk Managed Natural Resources Fund and ING Asia Pacific High Dividend Equity Income Fund Declare Monthly/Quarterly Distributions13:00 EDT Wednesday, June 15, 2011SCOTTSDALE, Ariz., June 15, 2011 /PRNewswire/ -- www.ingfunds.com -- ING Investments, LLC announced the distributions on the common shares of six of its closed-end funds (each a "Fund" and collectively, the "Funds"): ING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD) and ING International High Dividend Equity Income Fund (NYSE: IID) declare monthly distributions. ING Infrastructure, Industrials and Materials Fund (NYSE: IDE), ING Global Advantage and Premium Opportunity Fund (NYSE: IGA), ING Risk Managed Natural Resources Fund (NYSE: IRR) and ING Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) declare quarterly distributions. With respect to each Fund, the distribution will be paid on July 15, 2011, to shareholders of record on July 6, 2011. The ex-dividend date is July 1, 2011. The distribution per share for each Fund is as follows: FundDistribution Per ShareMonthly DistributionsING Global Equity Dividend and Premium Opportunity Fund (NYSE: IGD)ING International High Dividend Equity Income Fund (NYSE: IID)$0.100$0.092Quarterly DistributionsING Infrastructure, Industrials and Materials Fund (NYSE: IDE)ING Global Advantage and Premium Opportunity Fund (NYSE: IGA)$0.450$0.335ING Risk Managed Natural Resources Fund (NYSE: IRR)ING Asia Pacific High Dividend Equity Income Fund (NYSE: IAE)$0.363$0.426Each Fund intends to make regular monthly or quarterly distributions based on the past and projected performance of the Fund. The amount of distributions may vary, depending on a number of factors. As portfolio and market conditions change, the rate of distributions on the common shares may change.  There can be no assurance that a Fund will be able to declare a distribution in each period.  Past Performance is no guarantee of future results. The tax treatment and characterization of a Fund's distributions may vary significantly from time to time depending on the net investment income of the Fund and whether the Fund has realized gains or losses from its options strategy versus gain or loss realizations in the equity securities in the portfolio. Each Fund's distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The portion of each Fund's distributions estimated to come from the Fund's option strategy, for tax purposes, may be treated as a combination of long-term and short-term capital gains, and/or a return of capital. The tax character of each Fund's option strategy is largely determined by movements in, and gain and loss realizations in the underlying equity portfolio. Under certain conditions, federal tax regulations may also cause some or all of the return of capital to be taxed as ordinary income. The final tax characteristics of the distributions cannot be determined with certainty until after the end of the calendar year, and will be reported to shareholders at that time.Monthly DistributionsIGD estimates that for the current fiscal year as of May 31, 2011, approximately 45% of each distribution is characterized as net investment income, 53% is characterized as short-term capital gain and 2% is characterized as return of capital.IID estimates that for the current fiscal year as of May 31, 2011, approximately 39% of each distribution is characterized as net investment income and 61% is characterized as short-term capital gain.Quarterly DistributionsIDE estimates that for the current fiscal year as of March 31, 2011, approximately 17% of each distribution is characterized as net investment income and 69% is characterized as short-term capital gain.IGA estimates that for the current fiscal year as of March 31, 2011, approximately 100% of each distribution is characterized as short-term capital gain.IRR estimates that for the current fiscal year as of March 31, 2011, approximately 2% of each distribution is characterized as net investment income and 98% is characterized as return of capital.IAE estimates that for the current fiscal year as of March 31, 2011, approximately 12% of each distribution is characterized as net investment income and 88% is characterized as short-term capital gain.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 ING 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.ING Investments, LLC, the manager of the Funds, is part of ING, a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 75 million private, corporate and institutional clients in more than 50 countries. With a diverse workforce of about 125,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180; www.ingfunds.comSOURCE ING