ING Infrastructure, Industrials and Materials Fund Announces Adoption of a Managed Distribution Policy and Declares Quarterly Distribution

SCOTTSDALE, Ariz., Dec. 16, 2013 /PRNewswire/ -- ING Investments, LLC announced the quarterly distribution on the common shares of one of its closed-end funds: ING Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the "Fund").  The Fund also announced that the Fund's Board of Trustees (the "Board") adopted a managed distribution policy ( the "Plan").  This press release is issued as required by the Fund's Plan and an exemptive order received from the U.S. Securities and Exchange Commission.  The Board has approved the implementation of the Plan to make quarterly cash distribution to common shareholders, stated in terms of a fixed amount per common share. 

With respect to the Fund, the distribution will be paid on January 15, 2014, to shareholders of record on December 31, 2013. The ex-dividend date is December 27, 2013. The distribution per share for the Fund is $0.405.

The Fund intends to make regular quarterly distributions based on the past and projected performance of the Fund. The amount of quarterly 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 following information is required under the Fund's Plan and sets forth an estimate of the sources of the Fund's distribution paid October 15, 2013 and distributions paid fiscal year to date.  Amounts are expressed on a per common share basis and as a percentage of the distribution amount.

IMPORTANT DISCLOSURE: You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's Plan. The Fund estimates 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 Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Press Release 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 Fund's 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.

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

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 U.S. Investment Management, which plans to rebrand as Voya Investment Management in May 2014, is a leading active asset management firm. As of September 30, 2013, ING U.S. IM manages $196 billion for affiliated and external institutions as well as for individual investors. Drawing on 40 years of history in investment management, ING U.S. IM has the experience and resources to provide clients with investment solutions with an emphasis on equities, fixed income, and multi-asset and income strategies. For more information, visit http://inginvestment.com.

SHAREHOLDER INQUIRIES: ING Funds Shareholder Services at (800) 992-0180; www.ingfunds.com

SOURCE ING