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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

Post by Redskin88on Feb 02, 2012 2:40pm
491 Views
Post# 19481374

O/T Interesting spec maybe?

O/T Interesting spec maybe?

I guess while we wait for Iain to decide our fate vis-a-vis the takeover offer (not that it matters that much to me as I'm just as happy to hold the shares) I was having lunch at a Toronto diner today and they had CP24 on the tube as they usually do. I kept noticing Ivernia on the volume leaders, and so when I got home I decided to do a little investigating. It would seem that the stock is trading for 10 cents but the NAV is closer to 20 cents. Their Magellan lead operation in Western Australia has been sitting on care and maintenance since last spring due to some environmental issues. The volume really spiked today, so I'm not sure what to make of it but I'm thinking of throwing some mad-money at it to find out. Downside in the heat of tax-loss selling was 6 cents, so I'm thinking maybe downside is pretty limited....

 

Anyways, buyout or not Long & Strong IAE.

 

88.

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