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 > ...down she goes...

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Comment by sbettis1959on Jan 16, 2014 10:41am

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Post# 22098693

RE:RE:...down she goes...

In fact it is only around $35-40m of unexpected expenses, and these are for enhancements to the FPF-1 platform, that will reduce its operational downtime and so be largely recoverable over time.

Details are as per the follwowing extract from the Libernum Note :

Net debt at year end was US$348m, lower than our US$454m forecast primarily due to deferral of US$60m GSA capex into 2014.

2014 capex higher than anticipated; US$60m deferral but US$35m incremental

2014 capex is expected to be US$295, c.US$100m higher than we had forecast. This reflects US$60m of GSA capex that has been delayed into 2014 and US$35m of incremental pre-first production capex relating to the delay to start up of production and FPF-1 platform enhancements.

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