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 equity securities and will select securities through a bottom-up process that is based upon quantitative analysis. Voya Investments, LLC is an investment adviser of the Fund.

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Voya Asia Pacific High Dividend Equity Income Fund > Comparisons to Oilexco?

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Post by impegaon Jul 03, 2014 9:44am

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Post# 22712445

Comparisons to Oilexco?

A bit of a stretch.

Oilexco had:

Overconfident CEO

Weak BOD.

Inadequate reservoir engineering.

Cash flow negative from inception.

Commitments in excess of available financing (2 long term rig contracts).

Excessive G & A costs.

Corporate aircraft.

No cost controls.

Poor risk management.

Ithaca has none of the poor qualities of Oilexco so to suggest there are similarities is misleading.

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