- Definitive materials filed by investment companies. (497)
July 07 2009 - 6:01AM
Edgar (US Regulatory)
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Contact
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For more information:
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(800) 231-2608
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For
Immediate Release
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Morgan
Stanley India Investment Fund, Inc. Announces the Commencement of Its Rights
Offering
NEW YORK, July 6, 2009
Morgan Stanley India Investment Fund, Inc. (the Fund) (NYSE: IIF) announced
today that the subscription period for its rights offering to holders of the
Funds common
stock (the Offering) has commenced.
The Fund is issuing to its
stockholders non-transferable rights entitling the holders to subscribe for an
aggregate of
approximately 4,914,170 shares of the Funds common stock. Each stockholder is
to be
issued one right for each whole share of the Funds common stock owned
on the record date, June 30, 2009.
The rights entitle the
stockholders to acquire one share for each four rights held. The subscription
period
commences today, July 6, 2009, and will expire at 5: 00 p. m., New York
time, on July 22, 2009, unless extended (the Expiration Date). The actual
subscription price per share, which will be
determined on the Expiration
Date, will equal 95 percent of the average of the last reported sales
price per share
of the Funds common stock on the New York Stock Exchange on the Expiration
Date of the
Offering and the four preceding trading days, with a requirement that the price
be no
lower than the net asset value per share of common stock of the Fund at
the Expiration Date.
Stockholders who fully
exercise all rights issued to them will be entitled to subscribe for additional
shares at the
subscription price pursuant to an oversubscription privilege. If all available
shares are
then subscribed for, the Fund may issue additional shares in an amount
up to 25 percent of the shares
available pursuant to the
Offering. If all subscription rights are exercised (including the additional 25
percent), the
Fund will issue 6,142,712 shares of its common stock in the Offering.
The Fund is listed on the
New York Stock Exchange under the ticker symbol IIF. The Fund is a
closed-end
management investment company seeking long-term capital appreciation. The Fund
seeks to
achieve its investment objective by investing primarily in equity securities of
Indian issuers.
For further information
regarding the Funds rights offering, or to obtain a Prospectus, please contact
the Funds Information Agent:
GEORGESON INC.
199 Water Street, 26th Floor
New York, NY 10038
Toll free: (800) 509-4953
or
For Banks and Brokers: (212)
440-9800
The Funds U. 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 over
$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 (NYSE: MS) is
a leading global financial services firm providing a wide range of
investment
banking, securities, investment management and wealth management services. The
Firms
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.
###
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 under the securities laws of any
such state.
Please consider
the Funds investment objective, risks and charges and expenses carefully before
investing. The prospectus, which contains this and other information about the
Fund, can be obtained by calling (800) 231-2608 and should be read carefully
before investing.
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