PPR – $.0380 March Dividend

SCOTTSDALE, Ariz.–(BUSINESS WIRE)– ING Prime Rate Trust (NYS: PPR) , a diversified closed-end management investment company listed on the New York Stock Exchange, declared 3.80 cents per share monthly dividend on March 28, 2013 for the 31 days of March, payable on April 22, 2013 to shareholders of record on April 10, 2013. This represents the 299th 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”).