Voya Asia Pacific High Dividend Equity Income Fund T.IAE

Primary Symbol: IAE

Voya Asia Pacific High Dividend Equity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of dividend yielding equity securities of Asia Pacific companies. The Fund will seek to achieve its investment objective by investing at least 80% of its managed assets in dividend producing equity securities of, or derivatives having economic characteristics similar to the equity securities of Asia Pacific Companies that are listed and traded principally on Asia Pacific exchanges. The Fund will invest in approximately 60-120 equity securities and will select securities through a bottom-up process that is based upon quantitative screening and fundamental analysis. Voya Investments, LLC is an investment adviser of the Fund.

NYSE:IAE - Post by User

Voya Asia Pacific High Dividend Equity Income Fund

Bullboard Posts

Comment by zorgon1on Nov 08, 2007 11:00am

286 Views

Post# 13776005

RE: That''s the best they could do?$3.65 w/$96oil?

Looks like they may have be having trouble finding buyers even at the 3.65 price as the stock is trading for less than that. Why take a piece of the placement if you can pick up 30,000 shares on the open market for a price less than that? I'm sure the underwriters are trying to get rid of their respective portions. When they do, the price will start to creep back up I suspect.

I guess the positive is that there were no sweeteners, options or warrants offered with the deal. It will be interesting to see if there is enough of a market to pick up the 4 million share overallotment.

W.

Bullboard Posts

Level up your trading with BMO InvestorLine’s enhanced features