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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 markus24on Mar 01, 2013 7:24am
242 Views
Post# 21060282

News

News

 


UPDATE 1-Ithaca Energy to buy Valiant Petroleum for 203 mln stg

03/01/13 - 03:11 AM ET - Reuters



March 1 (Reuters) - Ithaca Energy Inc said it would acquire Valiant Petroleum Plc for 203 million pounds ($308.15 million) in cash and stock, in a deal that would allow the North Sea-focused company to double its production forecast for the year.

Valiant shareholders will get 307 pence in cash and 1.33 Ithaca share for each Valiant share.

The offer represents a premium of 37 percent to Valiant’s Thursday close on the London Stock Exchange. Valiant shares rose 35 percent to 469.25 pence on Friday morning.

The acquisition of Valiant Petroleum, which has assets in the United Kingdom and Norway, will more than double Ithaca’s 2013 production forecast to 14,000 to 16,000 barrels of oil equivalent per day.

Valiant Petroleum put itself on the block in September.

Ithaca, which itself received a number of offers, said in May it had ended talks with all parties, citing softening Brent crude prices.

Ithaca’s shares were down 4 percent at 122.7 pence in early trading on the London Stock Exchange.
 

 

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