Voya Investment Management, the asset management division of Voya Financial, Inc. (NYSE: VOYA), has announced a significant development involving two of its funds. Shareholders of the Voya Asia Pacific High Dividend Equity Income Fund (NYSE: IAE) and the Voya Emerging Markets High Dividend Equity Fund (NYSE: IHD) have given the green light for these funds to undergo reorganizations. These funds, referred to collectively as the Target Funds, will merge into the Voya Multi-Manager Emerging Markets Equity Fund (MM EME Fund), which is designated as the Surviving Fund. This decision was reached during a special shareholder meeting held on September 28, 2026.
The reorganization of these funds is a strategic move aimed at consolidating resources and streamlining operations. The reorganizations are expected to be finalized after business hours on October 16, 2026, provided all closing conditions are met. Importantly, the completion of one reorganization is not contingent upon the other, allowing for flexibility in execution.
As part of the reorganization process, trading of the Target Funds' shares on the New York Stock Exchange will be suspended at the close of business on October 13, 2026. This suspension is a necessary step to facilitate the transition of assets and shares to the Surviving Fund. It ensures a smooth transfer process and minimizes disruption for shareholders.
Upon completion of the reorganizations, shareholders of the Target Funds will receive Class W shares of the MM EME Fund. These shares will have a net asset value equivalent to the net asset value of the shares they held in the Target Funds as of the reorganization's closing date. This exchange ensures that shareholders maintain their investment value while transitioning to the new fund structure. The final exchange ratios, which determine the exact number of shares each shareholder will receive, will be disclosed in a subsequent press release once the reorganizations are complete.
It is important to note that this announcement does not constitute an offer to buy or sell shares of the involved funds. Instead, it serves to inform shareholders and the market of the upcoming changes. Detailed information about the reorganizations is available in the definitive Proxy Statement/Prospectus filed with the U.S. Securities and Exchange Commission. This document provides comprehensive details about the terms and implications of the reorganizations.
About Voya Investment Management
Voya Investment Management is a prominent player in the asset management industry, overseeing approximately $353 billion in assets as of March 31, 2026. The firm manages a diverse range of investment strategies, including public and private fixed income, equities, multi-asset solutions, and alternative strategies. These services cater to a broad clientele, including institutions, financial intermediaries, and individual investors. Voya Investment Management's approach is rooted in a history spanning over 50 years, characterized by a commitment to understanding and anticipating client needs, achieving strong investment performance, and fostering an inclusive business culture.
The firm's extensive experience and robust investment capabilities position it well to navigate the complexities of today's financial markets. By leveraging the expertise of over 300 investment professionals, Voya Investment Management is dedicated to delivering value to its clients through disciplined investment processes and innovative solutions.
For further information, shareholders can contact Shareholder Services at (800) 992-0180 or visit voyainvestments.com. Media inquiries can be directed to Kris Kagel at the same number.
Footnotes:
- Shareholders approved the reorganizations on September 28, 2026. Source.
- The reorganizations will be completed after the close of business on October 16, 2026. Source.
- Voya Investment Management manages approximately $353 billion in assets as of March 31, 2026. Source.
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