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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.


NYSE:IAE - Post by User

Post by dbeaudeon Jul 12, 2014 8:42pm
523 Views
Post# 22739852

RBC increased its 2P NAV

RBC increased its 2P NAVIn their latest research report after the recent purchase, RBC increased their 2P NAV for Ithaca to $3.64. So it is obvious that they felt that the recent acquisition was accretive. Also Ithaca is trading at just 70% of its NAV which is very cheap relative to its peer average. It is obvious that as the next year closes in on Stella start up, the share price will close in on its NAV and as the free cash flow is generated and the NAV continues to increase, so will the share price over the $4 level. By making continued accretive acquisitions like the one they just made, is what will continue both the growth of the company and the growth of the company's share price along with it. As a longer term investor, I am content to wait for Ithaca to have its share price rerated as Stella start up continues and the company continues to add additional accretive production and reserves.
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