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 > Is Ithaca an appealling as a takeover target?

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Comment by peak2peakon Dec 01, 2013 5:42pm

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Post# 21957941

RE:Is Ithaca an appealling as a takeover target?

Excellent summary dbeaude. Over the next 8 months if we are successful in drilling Handcross and bringing Stella to first oil on time and within production expectations it will restore the market's confidence in the company. I could then see the sp being assigned a cash flow multiple more in-line with industry peers - perhaps 3.5-4X 2014 and 2015 cash flow.

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