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

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Post by GolongGekkoon Dec 22, 2014 1:19pm

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Post# 23256495

Worth saying...Again...

Substantial oil hedging in place, providing significant downside price protection through to mid-2016

6,300 barrels of oil per day hedged at an average of $102/bbl (70% swaps / 30% puts) from 1 October 2014 until 30 June 2016
The executed hedges through to mid-2016 result in the Company having a Brent breakeven price for the existing producing asset base of under $20/bbl
Based on future oil and gas prices at 30 September 2014 (Brent spot price ~$95/bbl), the Company’s executed commodity price hedges had a net value of approximately $25 million, increasing to over $60 million with a $10/bbl fall in Brent

Strong fully funded cash position even in lower oil price environment

Best GG

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