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 > Delist IAE

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Comment by KeithR39on May 11, 2017 10:59pm

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Post# 26235122

RE:Delist IAE

Conditions for a delisting not likely to be met imo. It's easier for delek to apply their right to a forced sell at $1.95 once they get 90% shares in hands. Here are the conditions for a delisting:

"The rules and regulations of the TSX and AIM establish certain criteria which, if not met, could lead to the cessation of trading and delisting of the Common Shares from the TSX and/or AIM. According to the TSX Company Manual, the Common Shares may be involuntarily delisted if (i) the market value of the freely-tradable, publicly held Common Shares is less than $2,000,000 over any period of 30 consecutive trading days, (ii) the number of freelytradable, publicly held Common Shares is less than 500,000; or (iii) the number of public security holders, each holding a board lot or more, is less than 150 in each case exclusive of holdings of officers and directors of Ithaca and persons who own or control, directly or indirectly, 10% or more of the Common Shares(...)Furthermore, Ithaca may apply to have the Common Shares voluntarily delisted from the TSX, in which case section
720 of the TSX Company Manual may, subject to TSX discretion, require minority shareholder approval..."

from delek's circular, which you can find on SEDAR website:

https://www.sedar.com/FindCompanyDocuments.do

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