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 > RLI

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Comment by bwlingon Jul 23, 2014 12:51am

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Post# 22772354

RE:RE:RLI

The 30MM boe of 2P reserves is IAE's share only, so this needs to be compared with IAE's share of production, which is 16k boe/d. That gives a reserve life of greater than 5 years going full out at initial production rates, which we all know won't happen due to declines.

Stella is not a be all end all. It is simply another stepping stone that will provide IAE with cash flow to pursue the next field. This is the nature of oil and gas - always looking for the next barrel of reserves.

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