Voya Asia Pacific liquidates 1.62M Saba shares

The issuer's reorganization into Voya Multi-Manager Emerging Markets Equity Fund left the reporting persons with no IAE securities.

Rhea-AI Filing Summary

Voya Asia Pacific High Dividend Equity Income Fund (IAE) reported that Saba Capital Management, L.P., a ten percent owner, disposed of 1,618,753 common shares on October 16, 2026, at $6.33 per share. The issuer liquidated the shares as part of a reorganization into Voya Multi-Manager Emerging Markets Equity Fund. Saba Capital Management’s reported holdings after the transaction were 0 shares; the reporting persons stated they no longer owned any IAE securities.

Insider Trade Summary

Other: 1,618,753 shares

Other 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Common Stock F1	1,618,753	$6.33	$10.25M

Holdings After Transaction: Common Stock — 0 shares (Indirect, -)

Footnotes (1)

1. F1. On October 16, 2026, the shares were liquidated by the Issuer pursuant to a reorganization into Voya Multi-Manager Emerging Markets Equity Fund, as further described in the Form 425 filed by the Issuer on August 24, 2026 and the Form 25-NSE filed October 19, 2026. As a result, the Reporting Persons no longer own, beneficially or otherwise, any securities of the Issuer.

Key Figures

Common shares disposed: 1,618,753 shares Transaction price: $6.33 per share Reported shares following transaction: 0 shares

3 metrics

Common shares disposed 1,618,753 shares October 16, 2026

Transaction price $6.33 per share October 16, 2026

Reported shares following transaction 0 shares After the October 16, 2026 transaction

Key Terms

reorganization, liquidated, ten percent owner, Common Shares

4 terms

reorganization financial

"pursuant to a reorganization into Voya Multi-Manager Emerging Markets Equity Fund"

liquidated financial

"the shares were liquidated by the Issuer"

Liquidated means converting assets into cash, typically by selling belongings or investments so outstanding debts and obligations can be paid. For investors, it matters because liquidation can signal the end of a business or the forced sale of holdings, often resulting in lower recoveries than ongoing operations would provide — like a hurried garage sale where items are sold to settle bills rather than kept for future income.

ten percent owner regulatory

"Relationship to Issuer: ten percent owner"

Common Shares financial

"disposition of Common Shares"

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many IAE shares did Saba Capital Management dispose of?

Saba Capital Management, L.P. reported a disposition of 1,618,753 common shares on October 16, 2026, at $6.33 per share. The issuer liquidated the shares pursuant to its reorganization into Voya Multi-Manager Emerging Markets Equity Fund.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/20/2026 - 03:40 PM EDT Accepted by SEC EDGAR 10/20/2026 - 03:40 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Voya Asia Pacific High Dividend Equity Income Fund [ IAE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/16/2026		J(1)		1,618,753	D	$6.33	0	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On October 16, 2026, the shares were liquidated by the Issuer pursuant to a reorganization into Voya Multi-Manager Emerging Markets Equity Fund, as further described in the Form 425 filed by the Issuer on August 24, 2026 and the Form 25-NSE filed October 19, 2026. As a result, the Reporting Persons no longer own, beneficially or otherwise, any securities of the Issuer.

Remarks:

As a result of the disposition of Common Shares on October 16, 2026 the Reporting Person owns less than 10% of Common Shares of the Issuer.

	Saba Capital Management, L.P. By: Zachary Gindes	10/20/2026
	Boaz Weinstein	10/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)