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 May 30, 2013 11:56am

187 Views

Post# 21461162

RE: Analyst projections

It gets better than that: 2013 CF multiple is less than 2:1, 2014 CF multiple is less than 1:1. Since much of the difference between profit and CF is depletion of fields as you produce them, these are non-cash items and the company should be swimming in cash. IAE is one of the most compelling stories in any sector going forward. I picked them in 2008/9 at the bottom because management showed prudence to get them through the tough times when others were going under. I've stuck with them because management has shown they intend to grow production without risky levels of debt. I'm expecting to see $4+ next year.

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