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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 Flatlander76on Mar 01, 2012 5:40pm
665 Views
Post# 19613986

RE: RE: RE: no more than $3.50

RE: RE: RE: no more than $3.50

They were given a CONFIDENTIAL non-binding offer.  Often when a non-binding offer is put in, the target cannot disclose the offer price based on the confidentiality agreement the buyer made them sign.  It's not a material disclosure requirement to release the offer price because it isn't binding and thus, non-material.  If the bankers behind the offer wouldn't have ran the market up a few weeks ago, none of us would even know anything was offered!  If a company announced every stink bid that came in that was non-binding it would be a joke!

By not telling the market what the offer was, they are going to get more value from competitive bids as they have not set a ceiling.  God some of the people on this board are unaware of how long these things take and all the steps needed before an offer can be announced to the public!

Why would they announce a non-binding offer price of let's say $3.75 when they can let things play out, continue on with business as usual by getting Athena ready for production and let other bidders try exceed the non-binding offer along the way??  They have a very reputable board of directors, they'll make the right decisions.

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