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

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Comment by TO1on May 29, 2008 11:13pm

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Post# 15125613

CalifDreaming

OIL's market cap is CAD$3.7 Billion (240 mm shares diluted)

IAE's is CAD$270 Million (117 mm shares diluted)

The ratio is actually 13.7X.
But this also incorporates other things on top of OIL's 23k/d of production like their Huntington (Fulmar) Discovery. When they announced their last well results in it the SP rose $2.57 in one day. That created 2.28x IAE's current market cap for OIL in one day. If it was a smaller field it wouldn't have had an impact, but b/c it has the headline attached to it as "the largest discovery in the N. Sea in the last 5 years" the market ate it up. And rightfully so.

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