Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF)
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2 Months : From Mar 2019 to May 2019
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.
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