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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 Aug 18, 2016 11:41am
100 Views
Post# 25154320

RE:RE:Compelling Story...but SP controlled

RE:RE:Compelling Story...but SP controlled Hurry up and wait indeed.  I'm more in Impega's camp on this one.  I don't see this as being especially manipulated but just, as Impega suggests, the summer doldrums.  As the Weasel has pointed out (i.e. took me to the wood shed) the company has well over a billion $ in debt obligations.  But on the plus side that debt has purchased some great assets that are on the verge of more than doubling the production.  Given the level of debt, to get to a $3.00 takeout we would need to see an assessed value of the company of close to $2.5Bil ($3 X 450Mil shares + $1.3Bil debt).  And to get there we will have to see the PoO move up significantly and for management to increase the available assets around the new Stella hub (which Les is doing according to the latest news piece that we saw yesterday).  Lot of work to do still.
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