Morgan Stanley China A Share Fund, Inc. Announces Preliminary Results of Tender Offer
22 February 2024 - 2:05AM
Business Wire
Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”)
announced today that the Fund’s tender offer for 4,342,176 of its
issued and outstanding shares of common stock, representing
approximately 20 percent of the Fund’s outstanding shares, expired
at 11:59 p.m., New York time on February 20, 2024.
Based upon current information, approximately 18,010,696 shares
were tendered. Based on this preliminary information, the
pro-ration for each tendering stockholder is estimated to be 24.1
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.
The purchase price of properly tendered shares is equal to 98.5
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 February 21, 2024.
For further information, please contact Georgeson LLC, the
Fund’s information agent, at 888-355-3492.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 1,400 investment
professionals around the world and $1.5 trillion in assets under
management or supervision as of December 31, 2023. 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 (NYSE: MS) is a leading global financial services
firm providing a wide range of investment banking, securities,
wealth management and investment management services. With offices
in 42 countries, the Firm’s employees serve clients worldwide
including corporations, governments, institutions and individuals.
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.
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