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PPR - $.0365 June Dividend

ING Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 3.65 cents per share monthly dividend on June 28, 2013 for the 30 days of June, payable on July 22, 2013 to shareholders of record on July 10, 2013. This represents the 302nd consecutive monthly dividend since the Trust’s inception in May 1988.

The following are annualized distribution rate calculations based on the declared dividend for the month, Net Asset Value (“NAV”) at month-end and the month-end NYSE composite closing price (“Market”).

Annualized Period-end Distribution Rates   DIVIDEND   NAV   MARKET
June 30, 2013 $ .0365 7.40 % 6.97 %
May 31, 2013 $ .0375 7.23 % 6.98 %
April 30, 2013 $ .0375 7.50 % 6.83 %
March 31, 2013 $ .0380 7.38 % 6.96 %
February 28, 2013 $ .0380 8.23 % 7.56 %
January 31, 2013 $ .0380 7.43 % 7.05 %
December 31, 2012 $ .0380 7.57 % 7.22 %
November 30, 2012 $ .0370 7.60 % 7.22 %
October 31, 2012 $ .0370 7.34 % 7.10 %
September 30, 2012 $ .0360 7.38 % 7.10 %
August 31, 2012 $ .0360 7.20 % 7.12 %
July 31, 2012 $ .0350 7.09 % 7.16 %

ING Prime Rate Trust was the first Fund to invest in a portfolio of floating rate senior bank loans. The Trust seeks to provide as high a level of current income as is consistent with the preservation of capital.

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