Morgan Stanley Frontier Emerging Markets Fund, Inc. Announces Approval of Reorganization
August 22 2012 - 4:30PM
Business Wire
Morgan Stanley Frontier Emerging Markets Fund, Inc. (NYSE: FFD)
(the “Fund”) announced today that, at a Special Meeting of
Stockholders of the Fund, its stockholders approved the
reorganization (the “Reorganization”) of the Fund into the Frontier
Emerging Markets Portfolio (“MSIF Frontier”). MSIF Frontier is a
newly created diversified series of Morgan Stanley Institutional
Fund, Inc., an open-end management investment company advised by
the Fund’s investment adviser.
In connection with the Reorganization, stockholders of the Fund
will receive newly issued Class I shares of MSIF Frontier with a
value equal to the aggregate net asset value of their common shares
of the Fund on the valuation date, which is expected to be the
close of business on or about September 14, 2012. The transaction
is currently expected to close on or about September 17, 2012,
subject to the satisfaction of certain conditions (the “Closing
Date”). Stockholders of the Fund will continue to be able to trade
their common shares of the Fund on the New York Stock Exchange
until the close of business on the business day preceding the
Closing Date. Subsequently, the Fund will cease trading on the New
York Stock Exchange and will be dissolved.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has 600 investment professionals
around the world and $311 billion in assets under management or
supervision as of June 30, 2012. 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 1,200
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.
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