Saba Capital (IAE) trims Voya Asia Pacific High Dividend Equity stake with two stock sales

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of Voya Asia Pacific High Dividend Equity Income Fund (IAE), reported two open-market sales of common stock. On January 29, 2026, it sold 9,836 shares at $8.17 per share, leaving 1,748,535 shares beneficially owned indirectly. On January 30, 2026, it sold 6,670 shares at $8.16 per share, with indirect beneficial ownership of 1,741,865 shares after that transaction.

Insights

Closed-end fund governance analyst

Saba trims IAE position with modest sales while remaining a large holder.

Saba Capital Management, L.P., identified as a 10% owner, reported two consecutive-day sales of Voya Asia Pacific High Dividend Equity Income Fund common stock. The trades were relatively small compared with the remaining indirect beneficial stake above 1.74 million shares.

The transactions, both coded "S" for open-market sales, were executed around $8.17 and $8.16 per share. Because Saba remains a substantial holder after these trades, this looks more like position adjustment than an exit.

Future Form 4 filings will clarify whether these sales continue or were isolated. For now, the disclosed data show incremental selling activity while maintaining a significant ownership position in the fund.

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
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hours per response:			0.5

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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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

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

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

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	01/29/2026		S		9,836	D	$8.17	1,748,535	I	-
Common Stock	01/30/2026		S		6,670	D	$8.16	1,741,865	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:

	Saba Capital Management, L.P. By: Zachary Gindes	02/02/2026
	Boaz Weinstein	02/02/2026
	** 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.

FAQ

What insider transactions did Saba Capital report for Voya Asia Pacific High Dividend Equity Income Fund (IAE)?

Saba Capital Management, L.P. reported two sales of IAE common stock. It sold 9,836 shares on January 29, 2026 at $8.17 per share and 6,670 shares on January 30, 2026 at $8.16 per share, both reported as open-market sales.

How many IAE shares does Saba Capital beneficially own after the reported Form 4 transactions?

Saba Capital reported indirect beneficial ownership of 1,741,865 IAE shares. After the January 29, 2026 sale, it held 1,748,535 shares indirectly, and following the January 30, 2026 sale, its indirect beneficial ownership was reported as 1,741,865 common shares.

On what dates did Saba Capital sell IAE shares according to this Form 4?

The reported IAE share sales occurred on January 29 and January 30, 2026. Both trades involved Voya Asia Pacific High Dividend Equity Income Fund common stock and were reported with transaction code "S" for open-market or private sale transactions.

What sale prices were reported for Saba Capital’s IAE stock transactions?

The reported sale prices were just over eight dollars per share. On January 29, 2026, Saba Capital sold IAE common stock at $8.17 per share, and on January 30, 2026, it reported sales at $8.16 per share, reflecting closely priced consecutive-day trades.

Is Saba Capital considered a major owner of Voya Asia Pacific High Dividend Equity Income Fund (IAE)?

Yes, Saba Capital is identified as a 10% owner of IAE. The Form 4 indicates its status as a ten-percent owner of Voya Asia Pacific High Dividend Equity Income Fund, and the filing reports its indirect beneficial ownership exceeding 1.74 million common shares after the disclosed sales.

Are Saba Capital’s IAE holdings reported as direct or indirect ownership on this Form 4?

The reported IAE holdings are categorized as indirect beneficial ownership. After each sale, the Form 4 lists Saba Capital’s remaining common stock position in column 6 as indirectly owned, indicating the shares are held through an indirect ownership structure rather than directly.