The Turkish Investment Fund, Inc. Announces Final Results of Tender Offer
November 25 2013 - 4:30PM
Business Wire
The Turkish Investment Fund, Inc. (NYSE:TKF) (the “Fund”)
announced today that, in accordance with its tender offer for up to
575,318 of its issued and outstanding shares of common stock, which
expired on November 18, 2013, the Fund has accepted 575,318 shares
for payment on November 26, 2013 at $17.24 per share, which is
equal to 98.5 percent of the Fund’s net asset value per share as of
the close of regular trading on the New York Stock Exchange on
November 19, 2013. The 575,318 shares represent 10 percent of the
Fund’s outstanding shares. A total of 2,799,285 shares were
properly tendered and not withdrawn by November 18, 2013, the final
date for withdrawals. Therefore, on a pro rated basis,
approximately 20.55 percent of the shares so tendered by each
tendering stockholder have been accepted for payment.
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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