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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 CapeBretonon Jun 26, 2012 10:20am
231 Views
Post# 20054615

sentiment

sentiment

 

thanks to everyone with the replies to my posting.  I sense one common theme, lack of trust or respect for management.  They certainly have not done a good job at all of earning trust over the past year.  Which is funny because I had bought in orginally because management seemed do produce lots of informative NRs.  But the complete lack of meaningful and transparent information during the takeover talks, took that away.  And as many have pointed out they have now a history of overestimating results or getting timelines correct.  I am sure management would have loved to never had been approached, or to have refused much more quickly.  They ignored the markets reaction and change in share ownership, and this in the end has costed the longterm shareholders unfairly.  Not that the market is fair, no crying here.  While many of these things were beyond their control, the buck still stops with management, or should I say the buck fifty......We have a great company that has grown, has a good cash position, impressive tax losses, is well situated in fields that recentky have received favourable tax changes by the governement, and has potential in other fields in the short-term.  But maybe this is where the story should end, the level of risk going forward may be greater than the possible benefit.  I hope the BoD knows when to plan a well-timed exit strategy, and I feel this is the time.  Get $3 for this company and the vast majority of shareholders will be happy, and in the end that it what the company's sole purpose is, to listen to shareholders, the actual owners of the company.

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