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 > From RBC on Feb 25, 2015, after delay announced

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Post by Naka2112on Mar 16, 2015 2:53pm

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Post# 23526638

From RBC on Feb 25, 2015, after delay announced

"Debt Position Stable: Despite the delay on Stella we forecast peak net debt remains ~$850m (in-line with company guidance). This reflects a strong hedging position (6,300b/d at $102/bbl until mid 2016), relatively predictable 2015 capex and production guidance that assumed no contribution from Stella. The debt position is funded from $1bn debt facilities that include $300m five-year senior bonds, $610m RBL and $100m corporate facility. Redetermination of the RBL is scheduled through April 2015."