TO: Interested Parties

DATE: July 30, 2010

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

DIVIDEND: $0.0275

Declaration Date: 7/30/10

Ex. Date: 8/06/10

Record Date: 8/10/10

Payable Date: 8/23/10

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