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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 Robert444on Jul 02, 2013 5:52pm
89 Views
Post# 21585252

RE:$1.74...

RE:$1.74...I have a slightly different take on what happened. Ithaca approached the major shareholders, including Anthion/JEC as they needed a certain number of major shareholders on-board if they were to obtain approval of the Valiant take-over. Regardless of whether JEC/Anthion was approached, they got wind of the proposed take-over, and tried to block it and were unsuccessful. Several news reports/analysts suggested Ithaca over-paid for Valiant. My feeling is that Ithaca hadn't overpaid, particularly when taking into account the tax credits. But it is at least arguable they paid more than market, which may have been necessitated by the JEC/Anthion push for a shareholder meeting (once the deal was approved, there was really no point for JEC/Anthion to push forward). Also, no other bidder came forward for Valiant, and the break fee was extremely minimal, suggesting it was unlikely anyone saw the takeover as a steal. The reason I have been in this from the beginning is Stella, and I still believe it is going to be a huge suprise to the upside; with the Valiant take-over there are so many moving parts it is hard to get a grasp on. One other thing from the AGM, Iain mentioned that once they got in and saw how Valiant was being operated, they weren't particularly impressed (including drilling at unfavorable locations in a reservoir etc.), which is what he stated they had guessed before getting in for a closer look at operations.
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