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 equity securities and will select securities through a bottom-up process that is based upon quantitative 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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Post by traxbywebon May 04, 2009 5:41pm

335 Views

Post# 15965779

Fund redemption the reason?

One possible scenario is the fund redemption hitting RAB. Not sure how many shares they have still or have sold, but at some point they had 20 million shares. The news out there indicates funds being collapsed and merged. I suspect they need to sell to keep there weighted average or risk having to much of the fund in Ithaca. Anyone have any idea if the RAB Octane and Energy funds still exist and how many shares of IAE they have left? Would have thought most redemption occurred in the fall last year but I suspect there is continued move to cash forcing funds to sell.

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