Start-up Grand Slam Track struggling to compensate athletes
The track circuit lured in top talent with promises of massive paydays in its debut year but was forced to cancel the fourth and final meet on the calendar after trimming back another event in Philadelphia from three to two days.
Last month, Front Office Sports reported that Grand Slam Track owed around $13 million US to athletes who had participated.
"It is incredibly difficult to live with the reality that you've built something bigger than yourself while simultaneously feeling like you've let down the very people you set out to help," Johnson said in a statement.
"We promised that athletes would be fairly and quickly compensated. Yet, here we are struggling with our ability to compensate them."
The four-time Olympic gold medallist said the start-up was unable to meet dated payment timelines after it did not receive funding committed to it: "We saw circumstances change in ways beyond our control."
Despite this, Johnson said Grand Slam Track has no plans to shut down and would move forward with a 2026 season after its athletes have been paid.
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Voya Global Advantage and Premium Opportunity Fund (NYSE: IGA) and Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) (the 'Funds') today announced important information concerning the Funds' distributions declared in July 2025. This press release is issued as required by the Funds' Managed Distribution Plan (the 'Plan") and an exemptive order received from the U.S. Securities and Exchange Commission. The Board of Trustees has approved the implementation of the Plan to make monthly cash distributions to common shareholders, stated in terms of a fixed amount per common share. This information is sent to you for informational purposes only and is an estimate of the sources of the August distribution. It is not determinative of the tax character of the Funds' distributions for the 2025 calendar year. Shareholders should note that the Funds' total regular distribution amount is subject to change as a result of market conditions or other factors. The amounts and sources of distributions reported in this notice are estimates, are not being provided for tax reporting purposes and the distribution may later be determined to be from other sources including realized short-term gains, long-term gains, to the extent permitted by law, and return of capital. The actual amounts and sources for tax reporting purposes will depend upon the Funds' investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Monthly Distribution: Payable August 15, 2025 Distribution Amount per Common Share (IGA): $0.085 Distribution Amount per Common Share (IDE): $0.100 The following table sets forth an estimate of the sources of the Fund's August distribution and its cumulative distributions paid year to date. 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IMPORTANT DISCLOSURE: You should not draw any conclusions about the Funds' investment performance from the amount of this distribution or from the terms of the Funds' Plan. The Funds' estimate that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Funds' is paid back to you. A return of capital distribution does not necessarily reflect the Funds' investment performance and should not be confused with 'yield' or 'income.' The amounts and sources of distributions reported in this Section 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Funds' investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Funds' will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. Set forth in the tables below is information relating to the Fund's performance based on its net asset value (NAV) for certain periods. Voya Global Advantage and Premium Opportunity Fund Average annual total return at NAV for the five year period ended on July 31, 2025 1 11.08% Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2025 2 9.96% Cumulative total return at NAV for the tax year through July 31, 2025 3 2.31% Cumulative tax year to date distribution rate as a percentage of NAV as of July 31, 2025 4 5.81% Voya Infrastructure, Industrials and Materials Fund Average annual total return at NAV for the five year period ended on July 31, 2025 1 12.04% Annualized current distribution rate expressed as a percentage of NAV as of July 31, 2025 2 9.85% Cumulative total return at NAV for the fiscal year through July 31, 2025 3 11.02% Cumulative fiscal year to date distribution rate as a percentage of NAV as of July 31, 2025 4 5.75% 1 Average annual total return at NAV represents the compound average of the annual NAV total returns of the Fund for the five-year period ended on July 31, 2025. 2 The annualized current distribution rate is the cumulative distribution rate annualized as a percentage of the Fund's NAV as of July 31, 2025. 3 Cumulative total return at NAV is the percentage change in the Fund's NAV for the period from the beginning of its tax year to July 31, 2025 including distributions paid and assuming reinvestment of those distributions. 4 Cumulative tax year distribution rate for the period from the year-to-date period as a percentage of the Fund's NAV as of July 31, 2025. Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Shares of closed-end funds often trade at a discount from their net asset value. The market price of Fund shares may vary from net asset value based on factors affecting the supply and demand for shares, such as Fund distribution rates relative to similar investments, investors' expectations for future distribution changes, the clarity of the Fund's investment strategy and future return expectations, and investors' confidence in the underlying markets in which the Fund invests. Fund shares are subject to investment risk, including possible loss of principal invested. No Fund is a complete investment program and you may lose money investing in a Fund. An investment in a Fund may not be appropriate for all investors. Before investing, prospective investors should consider carefully the Fund's investment objective, risks, charges and expenses. Certain statements made on behalf of the Fund in this release are forward-looking statements. The Fund's actual future results may differ significantly from those anticipated in any forward-looking statements due to numerous factors, including but not limited to a decline in value in equity markets in general or the Fund's investments specifically. Neither the Fund nor Voya Investment Management undertake any responsibility to update publicly or revise any forward-looking statement. This information should not be used as a basis for legal and/or tax advice. In any specific case, the parties involved should seek the guidance and advice of their own legal and tax counsel. About Voya® Investment Management Voya Investment Management manages approximately $359 billion as of June 30, 2025 in assets across public and private fixed income, equities, multi-asset solutions and alternative strategies for institutions, financial intermediaries and individual investors, drawing on a 50-year legacy of active investing and the expertise of 300+ investment professionals. Voya IM has cultivated a culture grounded in a commitment to understanding and anticipating clients' needs, producing strong investment performance, and embedding diversity, equity and inclusion in its business.
