Voya Prime Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust seeks to provide investors with current income as is consistent with the preservation of capital. The Trust seeks to achieve this objective by investing, under normal circumstances, at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the United States dollar denominated floating rate secured senior loans. The Trust invests in senior loans and which contain certain restrictions on resale and cannot be sold publicly. The Trust investment advisor is Voya Investments, LLC, formerly, ING Investments, LLC. Voya Investment Management Co. LLC, formerly, ING Investment Management Co. LLC is the Trust’s Sub-Adviser.