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ING Prime Rate Trust NYSEPPR Dividend Declaration

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SCOTTSDALE, Ariz.--([ ])--ING Prime Rate Trust (NYSE: PPR)

TO: Interested Parties
DATE: August 31, 2012

The following dividend information is for the 31 days of August for ING Prime Rate Trust (CUSIP No. 44977W 10 6):

DIVIDEND: $0.0360

Declaration Date: 08/31/12

Ex. Date: 09/06/12

Record Date: 09/10/12

Payable Date: 09/24/12

ING Investments, LLC.

Dan Norman

7337 E. Doubletree Ranch Road

Sr. Vice President

Scottsdale, AZ 85258

Phone: (480)477-2112

Fax: (860)275-2905

If you would like to receive this Dividend Declaration via email,

please contact Bonnie Dacier at [ Bonnie.Dacier@inginvestment.com ]