Morgan Stanley Asia-Pacific Fund, Inc. Announces Preliminary Results of Tender Offer
20 November 2012 - 12:30AM
Business Wire
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF) (the “Fund”)
announced today that the Fund’s tender offer for 978,846 of its
issued and outstanding shares of common stock, representing
approximately 5 percent of the Fund’s outstanding shares, expired
at 11:59 p.m. New York time on November 16, 2012.
Based upon current information, approximately 10,492,526 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 9.33
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 23, 2012
of 978,846 shares properly tendered and that payment for such
shares will be made on or about November 26, 2012. The purchase
price of properly tendered shares is equal to 98 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, 2012.
For further information, please contact Georgeson Inc., the
Fund’s Information Agent, at 1-888-654-1722.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 560 investment
professionals around the world and $331 billion in assets under
management or supervision as of September 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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