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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 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.


NYSE:IAE - Post by User

Comment by Kenshoon Feb 28, 2015 2:43pm
97 Views
Post# 23475996

RE:RE:RE:RE:RE:Will Management and Board Survive???

RE:RE:RE:RE:RE:Will Management and Board Survive??? Excellent post Naka.  Thing is, I cannot see the current BOD remaining.  Well, not all of them.  I don't think that the whole board will be thrown out, but I can see at least two being replaced by a couple of the large institutional holder's choosing.  I can also see the Chair being replaced - I think that there has been that much confidence lost over this last delay.  Fair?  Well who knows, maybe not, but with a possible new Chair and another director in the pockets of the large institutions, they would be able to hold this company on a very, very short leash.  Which, again, may be what is required.  But, I also think that if that happens, and for my money I'd say there is a very large chance of it happening, that if this company runs into any issues before Q1 2016, they will press to sell it and be done with it.  Especially, now that Brent oil seems to be stabilizing in the $60 range.  If oil continues to stabilize and slowly rises into the fall, and more unexpected issues arise, there will be absolutely zero tolerance.  But for now until the AGM, we should be able to get a good sense of where the company is going.  Who knows, maybe management and the BOD do something miraculous to save face over the next three months.
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