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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Post by Resilienceon Apr 04, 2011 8:56am

264 Views

Post# 18380601

Make no mistake - Awesome buy

- Only paid around 27.5k per flowing barrel, awesome in my view
- Paid from existing cash so accretive
- Increases their debt capacity with $ 45 mln, so they hardly lost financial flexibility - but did NOT draw down a single dime = no debt to date
- It's back dated to Jan 2011 so they already have around $ 13.5 mln 'discount' to what they paid
- Pay back 1.5 year

When Athena hits in Q3 this is easily a $ 4.50 stock based on production only - let alone the Greater Stella Area upside.

This is a friggin' great deal.

R.

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