The Turkish Investment Fund, Inc. Announces Preliminary Results of Tender Offer
November 19 2013 - 8:30AM
Business Wire
The Turkish Investment Fund, Inc. (NYSE:TKF) (the “Fund”)
announced today that the Fund’s tender offer for 575,318 of its
issued and outstanding shares of common stock, representing
approximately 10 percent of the Fund’s outstanding shares, expired
at 11:59 p.m., New York time, on November 18, 2013.
Based upon current information, approximately 2,808,197 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 20.49
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 November 25, 2013
of 575,318 shares properly tendered and that payment for such
shares will be made on or about November 26, 2013. 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 November
19, 2013.
For further information, please contact Georgeson Inc., the
Fund’s Information Agent, at 1-888-680-1529.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 560 investment
professionals around the world and $360 billion in assets under
management or supervision as of September 30, 2013. 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.
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 1,200
offices in 43 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.
Investing involves risk and it is possible to lose money on
any investment in the Fund.
The Turkish Investment Fund, Inc.800-231-2608
Turkish Investment Fund (The) (delisted) (NYSE:TKF)
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