The Malaysia Fund, Inc. Announces Preliminary Results of Tender Offer
June 10 2011 - 9:00AM
Business Wire
The Malaysia Fund, Inc. (NYSE: MAY) (the “Fund”) announced today
that the Fund’s tender offer for 1,331,345 of its issued and
outstanding shares of common stock, representing approximately 15
percent of the Fund's outstanding shares, expired at 11:59 p.m.,
New York time on June 9, 2011.
Based upon current information, approximately 5,424,526 shares
were tendered, including shares tendered pursuant to notices of
guaranteed delivery. Based on this preliminary information, the
pro-ration for each tendering stockholder is estimated to be 24.54
percent of the shares properly tendered. These numbers are subject
to adjustment and should not be regarded as final. The actual
number of shares to be purchased will be announced at a later date.
Management of the Fund anticipates acceptance on June 14, 2011 of
1,331,345 shares properly tendered and that payment for such shares
will be made on or about June 17, 2011. The purchase price of
properly tendered shares is equal to 98.5 percent of the net asset
value per share determined as of the close of the regular trading
session of the New York Stock Exchange (NYSE) on June 10, 2011.
For further information, please contact Georgeson, the Fund’s
information agent, at 866-296-6841.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 640 investment
professionals around the world and approximately $284 billion in
assets under management or supervision as of March 31, 2011. 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 1,300
offices in 42 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.
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