Certain Morgan Stanley Retail Closed-End Municipal Funds Announce Change Regarding Investment in Private Placement Securities
30 September 2009 - 6:34AM
Business Wire
Each of Morgan Stanley California Insured Municipal Income Trust
(NYSE: IIC), Morgan Stanley California Quality Municipal Securities
(NYSE: IQC), Morgan Stanley Insured California Municipal Securities
(NYSE: ICS), Morgan Stanley Insured Municipal Securities (NYSE:
IMS), Morgan Stanley Insured Municipal Bond Trust (NYSE: IMC),
Morgan Stanley Insured Municipal Income Trust (NYSE: IIM), Morgan
Stanley Insured Municipal Trust (NYSE: IMT), Morgan Stanley
Municipal Premium Income Trust (NYSE: PIA), Morgan Stanley New York
Quality Municipal Securities (NYSE: IQN), Morgan Stanley Quality
Municipal Income Trust (NYSE: IQI), Morgan Stanley Quality
Municipal Investment Trust (NYSE: IQT) and Morgan Stanley Quality
Municipal Securities (NYSE: IQM) (each, a “Fund” and collectively,
the “Funds”) announced that, effective October 13, 2009, the Board
of Trustees of each Fund approved a change to each Fund’s
investment practice to permit each Fund to invest, without limit,
in private placement securities in order to enhance portfolio
management flexibility in managing the Funds.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has nearly 1,000 investment
professionals around the world and approximately $361 billion in
assets under management or supervision as of June 30, 2009. By
leveraging its global ‘community of boutiques’ structure and the
strength of Morgan Stanley, 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 37 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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