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.

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Voya Asia Pacific High Dividend Equity Income Fund

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Post by garrygriffinon Aug 13, 2013 6:33am

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Post# 21665786

Share price and Q2 earnings.a

If I read the Q2 correctly, cashflow per share was .36 for the first half.

This included earings from Valiant only from April 19 onwards.

The company attempts to show the first half as if they had owned Valiant assets for the full period (Proforma). That would have generated $187.4M ;cashflow from ongoing operations and before resturturing costs or based on 317,365,658 shares outstanding, 0.59 per share.

Annualized that is $1.18

Even accounting for some decline, th is gives a share price of less than than 2x cashflow. Why?

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