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.

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Voya Asia Pacific High Dividend Equity Income Fund > Hedges

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Post by Berthamaeon Oct 02, 2014 11:29am

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Post# 22991279

Hedges

They have hedged 2.7 million barrels of 2014-2015 oil at about $100 /barrel. Put options have also been executed to establish a net floor price of $10 MMbtu for 200 million therm of gas sales over years 2015 and 2016. Upon completion of the Sumitomo Corp. acquisition an additional 1.6 million barrels of oil was hedged at $105/barrel to underpin 70% of production associated with the Summit Assets over the next 2 years. As of June 30th they had net drawn debt of $499 million out of total debt facilities of $1 010 000 000. They have the foundation in place to weather this downturn in oil prices. GLTA

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