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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Post by retiredcfon Oct 15, 2013 9:07am

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RBC Reaction

Ithaca Energy (IAE.TO/IAE.L): Q3/13 Operating Update - All on track

Quarterly net export production averaged 12,000b/d, in line with our forecast for the period. Q3/13 was impacted by previously disclosed maintenance downtime at Cook and Causeway. Production has been restarted at Cook, and Causeway is due back onstream later this month. Additional delays at Causeway – where the ESP is scheduled to start during Q4 – is flagged as the key remaining risk to the 2013 production outlook. Management expect pro forma FY13 to be at the low end of the 14-16,000b/d guidance range; our forecast is 13,700b/d.

The FPF-1 vessel has been successfully re-floated, with dry dock refurbishment work completed. Topside construction and installation work is now underway. The 60km gas export pipeline to the CATS pipeline has been fully installed ready for first production. Subsea installation work is ongoing for infield flowlines and static umbilicals. An oil export route for the field is being finalised. Drilling on the A2 development well has started; we expect a result from the well in November/December, including a flow test.