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.

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Voya Asia Pacific High Dividend Equity Income Fund > Recent IC article and further comments

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Comment by Doug2Bon Jun 21, 2015 4:52pm

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Post# 23853388

RE:RE:Recent IC article and further comments

Golong

I think that there was some conflict of interest which, at most created some ambivilence in Petrofac's approach to GSA, particularly as the timeline management of FPF1 seemed so extraordinary for a company that rarely seemed to put a foot wrong prior to that.

It does appear however that Petrofac did enter a sticky patch where their project management elsewhere and some of their cash management became quite poor - i.e. their balance sheet weakened over recent years - and it became widely apparent that Petrofac had internal issues to sort out - the industry consensus does appear to be that Petrofac will quite quickly get on top of these issues.

Doug

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