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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

Comment by investpro2on Nov 14, 2011 6:29pm
360 Views
Post# 19236734

RBC: Q3 Results All On Track

RBC: Q3 Results All On TrackFrom the 14 Nov RBC Analyst report:

"Athena remains on schedule and Q3 broadly inline.

Athena remains on track.  The North Sea developer remains set to achieve first oil before year-end and on budget.  The FPSO is due to leave Dubai shortly, with a 20 day voyage to the field.  Final hook up and commissioning is scheduled to take 14 days.  Completion of the development should push IAE production beyond 10,000 boepd.

IAE is currently trading only at 2 times 2012 CFPS of our estimate of $1.12.

Strong Q3 numbers:  IAE numbers were generally inline with our expectations, with EPS of .04 EPS ahead of our expectations of .02 EPS.

Scope for More Deals:  IAE has a track-record for value-enhancing North Sea acquisitions.We currently forecast IAE will retain a significant cash balance throughout 2012, giving it capacity to obtain further opportunities...

Outperform rating increased to $3.25 at a 10 % discount.

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