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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

Comment by PaleRider22on Feb 24, 2012 6:03pm
412 Views
Post# 19583213

RE: RE: Silent Auction Jit

RE: RE: Silent Auction Jit
Our view is that further upside is limited and far outweighed by the potential downside should an offer 
for the Company fail to materialise. Our valuation of  Ithaca based on the scenario of a large acquirer being 
able to utilise Ithaca’s available tax losses immediately  in the first year following an acquisition, results in a 
risked NAV of £1.93 per share representing approximately 5% upside from current levels. With the share 
price currently at a 28% premium to the closing price  of £1.43 prior to the announcement of an approach 
by a potential acquirer, there is significant scope for  downside should an offer not be made. We issue an 
Underperform recommendation and re-iterate our  £1.60 per share target price. 
 
Yes...but there's always the boat! LOL...What a day...'till Monday...GLTA
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