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.

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Voya Asia Pacific High Dividend Equity Income Fund

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Post by Gensisgton Feb 06, 2012 6:10am

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Post# 19493351

KNOC sells Ankor stake

Interesting they are selling to use proceeds for purchasing new production assets.

KNOC sells Ankor stake

Korea National Oil Corporation has sold a 29% stake in the Ankor field, located in the Gulf of Mexico, to a Korean-owned consortium for $308 million.

Andrew Hobbs and News Wires 06 February 2012 07:23 GMT

KNOC had announced its plans to sell the stake in August last year to the group, comprising Korea Investment Management, Samsung Securities and Daewoo Securities, Korean newswire Yonhap reported.

KNOC purchased its 80% interest in the Ankor field from US-based Taylor Energy in 2008, with the state-run company entitled to receive 4.47 million barrels as of last year.

Dow Jones Newswires put the value of the 2008 sale at about $1.15 billion

KNOC said proceeds from the stake sale would be used to purchase new production assets and boost the company’s financial profile.

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A junior copper-gold stock trading at a bargain of monumental proportions