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 > Stella Guesswork

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Comment by Naka2112on Dec 07, 2013 11:40am

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Post# 21982216

RE:Stella Guesswork

From RBC Research:

Right now we are trading at around 3.1x 2013 estimated cash flow. If the share price remains the same, that drops to 1.5x cash flow in 2014. The price would have to double from here, just to maintain the ratio we are currently experiencing. I think its safe to say that rbc is pretty conservative too. So perhaps we see over $5 in 2014.

GLTA

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