Morgan Stanley Asia-Pacific Fund, Inc. Announces Information Regarding Reorganization
April 08 2019 - 4:30PM
Business Wire
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF) (the “Fund”)
announced today that the net asset value per share of the Fund for
purposes of calculating the number of Class I shares of common
stock of Emerging Markets Portfolio (“MSIF Emerging Markets”), a
series of Morgan Stanley Institutional Fund, Inc., that
stockholders of the Fund will receive in exchange for the transfer
of substantially all of the assets and liabilities of the Fund was
$16.8422 as of the close of business of the New York Stock Exchange
on April 5, 2019 (the “Effective Date”). The net asset value per
share of MSIF Emerging Markets was $24.82 as of the Effective Date;
accordingly, each share of common stock of the Fund will be
exchanged for approximately 0.67857373 shares of MSIF Emerging
Markets on April 8, 2019 to those stockholders who held shares of
the Fund as of the Effective Date.
Stockholders in Japan holding shares of the Fund through the
Japan Securities Depositary Center, Incorporated will receive a
cash payment equal to the net asset value of $16.8422 per share of
their common shares of the Fund, rather than shares of MSIF
Emerging Markets.
The Fund is a diversified, closed-end management investment
company that seeks long-term capital appreciation through
investments primarily in equity securities of Asian-Pacific issuers
and in debt securities issued or guaranteed by Asian Pacific
governments or governmental entities.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 663 investment
professionals around the world and $463 billion in assets under
management or supervision as of December 31, 2018. Morgan Stanley
Investment Management 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. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 41
countries, the Firm’s employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
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.
Investing involves risk and it is possible to lose money on
any investment in the Fund.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190408005772/en/
For more information: 800.231.2608
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF)
Historical Stock Chart
From Jul 2024 to Aug 2024
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF)
Historical Stock Chart
From Aug 2023 to Aug 2024