ING PRIME RATE TRUST
(“Trust”)
Supplement dated July 20, 2012
to the Trust’s Prospectuses dated June 29, 2012
3,899.655 Shares of Beneficial Interest
On July 16, 2012 the Trust sold 3,899.655 shares of beneficial interest of the Trust through the Trust’s Shareholder Investment Program pursuant to a Distribution Agreement with ING Investments Distributor, LLC (“IID”) at a sales price of $5.80 per share.
|
Gross Proceeds |
|
$ |
22,618.00 |
|
|
Commission to IID |
|
$ |
0.00 |
|
|
Net Proceeds to Trust |
|
$ |
22,618.00 |
|
On July 16, 2012 the last day of the corresponding pricing period, the last reported sales price of the Shares on the New York Stock Exchange was $5.81.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE