Morgan Stanley Asia-Pacific Fund, Inc. Announces Tender Offer
28 February 2014 - 8:30AM
Business Wire
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF) (the “Fund”)
announced today that its Board of Directors has approved a tender
offer to acquire in exchange for cash up to 20 percent of the
Fund’s outstanding shares at a price 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 (“NYSE”) on the business day
immediately following the day the offer expires (the “Tender
Offer”). The Tender Offer will commence on or about March 6,
2014.
Additional terms and conditions of the Tender Offer will be set
forth in its offering materials, which will be distributed to the
Fund’s stockholders. If more than 20 percent of the Fund’s
outstanding shares are tendered, the Fund will purchase its shares
from tendering stockholders on a pro rata basis at a price of 98.5
percent of the Fund’s net asset value per share. If the Fund’s
shares trade at a premium, the Tender Offer will not be
conducted.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 550 investment
professionals around the world and $373 billion in assets under
management or supervision as of December 31, 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.
Morgan Stanley Asia-Pacific Fund, Inc.(800) 231-2608
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