Morgan Stanley India Investment Fund, Inc. Announces Rights Offering
May 08 2009 - 5:32PM
Business Wire
Morgan Stanley India Investment Fund, Inc. (NYSE: IIF) (the
�Fund�) announced today the filing of a Registration Statement with
the Securities and Exchange Commission regarding a proposed rights
offering to holders of the Fund�s common stock. As indicated in the
Registration Statement, the Fund proposes issuing to record date
stockholders non-transferable rights entitling the holders to
subscribe for additional shares of the Fund�s common stock at the
rate of one share of common stock for each four rights held.
Record date stockholders who fully exercise their rights may
participate in an over-subscription privilege subject to certain
limitations and allotment. Final terms of the proposed offering,
including the record date, subscription price and subscription
period, will be determined at a later date and announced at that
time. The rights offering will be made only by means of a
prospectus.
The Fund is a closed-end management investment company seeking
to achieve long-term capital appreciation through investment
primarily in equity securities of Indian issuers. The Fund�s
investment adviser is Morgan Stanley Investment Management Inc.
(�MSIM�), a wholly-owned subsidiary of Morgan Stanley. MSIM,
together with its investment advisory affiliates, has nearly 1,000
investment professionals around the world and approximately $356
billion in assets under management or supervision as of March 31,
2009. By leveraging its global �community of boutiques� structure
and the strength of Morgan Stanley, MSIM strives to provide
outstanding long-term investment performance, service and a
comprehensive suite of investment management solutions to a diverse
client base, which includes governments, institutions, corporations
and individuals worldwide.
Morgan Stanley is a leading global financial services firm
providing a wide range of investment banking, securities,
investment management and wealth management services. The Firm�s
employees serve clients worldwide, including corporations,
governments, institutions and individuals from more than 600
offices in 36 countries. For further information about Morgan
Stanley, please visit www.morganstanley.com.
A Registration Statement relating to the securities has been
filed with the Securities and Exchange Commission but has not yet
become effective. These securities may not be sold nor may
offers to buy be accepted prior to the time the Registration
Statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which
such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
State.
Please consider the Fund's investment objective, risks and
charges and expenses carefully before investing. The preliminary
prospectus, which contains this and other information about the
Fund, can be obtained, when available,�by calling (800) 231-2608
and should be read carefully before investing.
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