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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 > PFP1 (2011 Petrofac NR)
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Post by KeithR39on Aug 12, 2016 4:00pm
158 Views
Post# 25137342

PFP1 (2011 Petrofac NR)

PFP1 (2011 Petrofac NR)https://www.petrofac.com/en-gb/media/news/petrofac-announces-ies-agreement-in-the-north-sea/

"The FPF1 Company has an option to require Petrofac to acquire the upgraded FPF1 on cessation of production"

So, Ithaca and Dyas are the owner today, and they have the option to ask Petrofac to buy back the unit, at a low ball figure.

I understand that the difference between the book value and the market value will not show up in the balance sheet until the FPF1 is being sold, but the real market value is there and would apply if they eventually sell... I'll try to check with some contacts in the maritime industry for that potential market value. I'll let you know.

Thanks to all
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