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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 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.


NYSE:IAE - Post by User

Voya Asia Pacific High Dividend Equity Income Fund > IAE - sp valuation
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Post by Motownwingon Jul 17, 2015 9:14am
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Post# 23933328

IAE - sp valuation

IAE - sp valuationBefore the Feb 25th announcement of the GSA first production delay from 2015 Q3 to 2016 Q2 (9 month delay), IAE was doing OK despite the low Brent…
Date Brent SP
12/31/2014 55.27 1.19
01/30/2015 47.52 1.21
02/17/2015 60.78 1.42
02/24/2015 60.33 1.32

Feb 2015 = 5 months before scheduled GSA 1st production (assuming Aug 2015)
After the announcement, with the loss of confidence in management, the brutal drop…                 
Date Brent SP
03/02/2015 60.75 0.79
03/16/2015 52.00 0.50
03/26/2015 57.02 0.59
Now despite a series of positive NR, SP is in the dog house…
The shareholder lawsuit announced in May did not help.
Date Brent SP
04/29/2015 63.97 1.06
05/29/2015 63.16 0.96
06/04/2015 62.18 0.93
07/16/2015 56.92 0.88
Aug = 9 months before revised date for GSA 1st production (assuming April 2016)
Gap to be filled in coming months… IF GSA stays on the revised schedule!
IMO, with Brent close to 60$, the SP should get back at least to 1.30$ within 3 months.
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