VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND AND VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND ANNOUNCE CLOSING OF REORGANIZATIONS
Voya completed the reorganization of the Voya Asia Pacific High Dividend Equity Income Fund (IAE) and Voya Emerging Markets High Dividend Equity Fund (IHD) into the Voya Multi-Manager Emerging Markets Equity Fund, effective at the close of business on October 16, 2026. Shareholders received Class W shares of the surviving fund with an aggregate NAV equal to their prior holdings — IAE converted at 0.4471 shares (NAV $6.96) and IHD at 0.4731 shares (NAV $7.3623). The event is mechanical with no value impact for shareholders, but IAE and IHD shares no longer trade following the closing.
VOYA ASIA PACIFIC HIGH DIVIDEND EQUITY INCOME FUND AND VOYA EMERGING MARKETS HIGH DIVIDEND EQUITY FUND ANNOUNCE TRADING SUSPENSION IN ADVANCE OF REORGANIZATIONS
Shareholders approved the reorganization of Voya Asia Pacific High Dividend Equity Income Fund (IAE) and Voya Emerging Markets High Dividend Equity Fund (IHD) into Voya Multi-Manager Emerging Markets Equity Fund at a special meeting on September 28, 2026. IAE shares will stop trading on the NYSE as of market close on October 13, 2026, with the reorganizations expected to complete after business close on October 16, 2026. Each shareholder will receive Class W shares of the surviving fund with equal aggregate NAV, so the transaction is NAV-neutral; final exchange ratios will be announced after closing.
Voya Equity Closed End Funds Declare Distributions
Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) declared its monthly distribution of $0.065 per share, payable October 7, 2026, to shareholders of record on October 1, 2026, with an ex-dividend date of October 1, 2026. Per the Section 19(a) source estimates as of 8/31/2026, only about 15% of IAE's September distribution comes from net investment income ($0.002 per share); roughly 85% ($0.063 per share) is classified as return of capital, and tax year-to-date distributions are 85% return of capital. The declaration covers five Voya equity closed-end funds, with peers IGA, IGD, IDE and IHD declaring $0.085, $0.050, $0.100 and $0.055 per share respectively. IAE's NAV stood at $9.16 as of August 31, 2026, with a tax year-to-date distribution rate of 21.66% of NAV and a five-year annualized return on NAV of 11.27%.
Saba Capital Reaches Agreement Regarding Two Voya Closed-End Funds
Voya Investment Management Closed-End Funds Announce Proposed Mergers
Voya Investment Management has recommended, and the boards of IAE and IHD have approved, a merger of these closed-end funds into the open-end Voya Multi-Manager Emerging Markets Equity Fund (IEMLX). The transaction requires shareholder approval at special meetings, with proxy materials expected to be filed with the SEC in the coming weeks. Voya has secured support from a large institutional investor in each fund to back the mergers and remain passive for a period, signaling confidence in the execution of the reorganization.
