Voya Prime Rate Trust
PPR
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael Bell
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7337 E Doubletree Ranch Rd Ste 100 Boston MA United States of America
- IPO Date
- Mar 9, 1992
- CIK
- 0000826020
- Website
- investments.voya.com
- Similar Companies
- Business
- Voya Prime Rate Trust (NYSE: PPR) is a diversified, closed-end management investment company that primarily invests in floating-rate secured senior loans issued by companies across diversified sectors, with an emphasis on top-tier, non-investment grade senior loans having maturities of one to ten years; the Trust benchmarks its performance against the S&P/LSTA Leveraged Loan Index and seeks to provide investors with a high level of current income consistent with the preservation of capital. Originally formed on December 2, 1987 and headquartered in Scottsdale, Arizona under the management of Voya Investment Management LLC, the Trust operates in the U.S. fixed income markets, targeting institutional and individual investors seeking leveraged loan exposure. In a major strategic shift approved by shareholders in May 2021, the Board of Trustees selected Saba Capital Management, L.P. as the new investment adviser, replacing Voya Investment Management, which led to the Trust maintaining its ticker PPR while transitioning under Saba's oversight focused on credit opportunities. Recent activity under Saba includes ongoing portfolio management with over 1,000 holdings valued at approximately $123 million as of late 2025, featuring positions in senior loans, closed-end funds, special purpose acquisition companies, and derivatives such as total return swaps for enhanced returns and risk reduction. The Trust continues to trade on the NYSE with a focus on U.S.-domiciled operations and no reported subsidiaries or parent entities.