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Voya Prime Rate Trust Shareholders Elect Full Slate of Saba Capital Nominees to the Board

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. and certain associated parties (collectively “Saba”) today announced that Voya Prime Rate Trust (NYSE: PPR) shareholders have elected all eight of Saba’s nominees – Aditya Bindal, Peter Borish, Karen Caldwell, Charles Clarvit, Ketu Desai, Kieran Goodwin, Andrew Kellerman and Neal Neilinger – to the Board of Trustees (the “Board”), thereby replacing the full Board. Additionally, shareholders voted in favor of Saba’s non-binding proposal to tender 40% of PPR shares outstanding.