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 Jun 10, 2013 8:48pm

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Post# 21508678

RE: RE: Athena Field News-Heavy Selling Coming

I think you might be mixing up actual debt levels with senior debt facilities (available credit). IAE had cash before the acquisition. The acquisition cost 200 million + shares + 150 million in acquired debt. I don't see how that can get to more than $350 million in debt, especially since there was cash in the kitty prior to it. I'm sure there will be a fairly fluid situation with cash flow paying down debt and capex drawing upon it over the next couple of years, but by the end of 2014 I'd hope to see IAE debt free. When they say it will take 2 years to pay off the Valiant acquisition, they mean 2 years for the acquired assets to pay for the acquisition price with their own cash flow (8kb/d*$70/b*360d*2y). It was really quite a brilliant move.

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