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

Voya Asia Pacific High Dividend Equity Income Fund

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Comment by Darilonon Mar 12, 2013 8:22pm

138 Views

Post# 21119468

RE: Go to IAE Website

I warned of Valiant owners shorting IAE when the deal was announced and IAE dropped that this would be occurring. It's comforting to see that this locking in of cash by Valiant holders is what is responsible for a lot of the sell side at this time. If the deal goes through, Valiant shareholders can cover their shorts with shares issued for the deal. If the deal doesn't go through, however, they get short squeezed, so there's some strong incentive for them to vote yes to the deal.

If the deal does go through, the sell side pressure will be relieved and IAE should rise. Interesting times.

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