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

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Comment by commoditiesbullon Jun 11, 2009 3:22pm

411 Views

Post# 16063173

RE: IAE & AEN

As I have suggested before such a merger would make sense - both IAE and AEN are good North Sea oil companies and both companies have projects that are very economic at current oil prices.

That said, with the large share issue last year for IAE, there are probably more oil reserves per share for AEN versus IAE. As a result, AEN will likely opt to sell down working interests in their projects to access the necessary financing rather than merge with a junior peer.

If a merger did occur, it would likely be a 1:1 share swap (approx. equal market caps). However, as AEN is consistently priced higher by the market than IAE investors may not be betting on a merger.

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