October 15, 2021

IMPORTANT INFORMATION REGARDING QUARTERLY DISTRIBUTION

Voya Emerging Markets High Dividend Equity Fund

DISTRIBUTION NOTICE - We are providing shareholders of the Voya Emerging Markets High Dividend Equity Fund (the "Fund") with an estimate of the source of the Fund's quarterly distribution as required by current securities laws. THIS NOTICE IS FOR INFORMATIONAL PURPOSES ONLY. NO ACTION IS REQUIRED ON YOUR PART. These estimates may, and likely will, vary over time based on the investment activities of the Fund and changes in the value of its portfolio investments. The final determination of the source and tax characteristics of all distributions will be made after December 31, 2021 and reported to you on Form 1099-DIV early in 2022.

The Fund estimates that the distribution payable on October 15, 2021 is comprised of approximately 27% net investment income and 73% return of capital.

SEC-19-IHD-10152021

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Voya Emerging Markets High Dividend Equity Fund published this content on 15 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 October 2021 22:11:02 UTC.