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 > Year End Results

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Comment by Doug2Bon Mar 10, 2014 4:04am

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Post# 22301132

RE:RE:RE:RE:RE:Year End Results

Interesting points. An institutional investor currently buying into Ithaca would IMO have a future share price expectation of $8 to $10 by mid 2015. A very big rise, but the combination of current valuation, expected 2015 cash flow and rapid further expansion from 2015 support this kind of share price increase.

On that basis, they would have little incentive to accept a 50% buy out premium. I personally think that Ithaca's current institutional investors would shrug off any bid below $6 to $7 per share. If Ithaca was available to be bought now for, say, $4.50, that would be such a 'no-brainer' bargain that I think it would already have happened.

Doug

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