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 > Early Comments from RBC

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Post by Berthamaeon Oct 09, 2014 6:41am

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Post# 23013416

Early Comments from RBC

FY14 production downgrade due to Causeway pump failure. Pump is expected to be replaced during Q4 limiting impact on FY15 production. Dons NE field development fast-tracked and Stella remains on schedule. Hedging secured at $102/ bbl. Net debt $719m. We expect this to rise to $750m by year end. Company has ample headroom in debt facility of $1b. Outperform rating

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