The Thai Fund, Inc. Announces the Results of Its Rights Offering
July 24 2006 - 3:15PM
Business Wire
The Thai Fund, Inc. (the "Fund") (NYSE: TTF) is pleased to announce
the results of its Rights Offering, which expired on July 20, 2006
(the "Expiration Date"). As of the Expiration Date, stockholders of
record as of May 23, 2006, subscribed for 2,731,130 shares of the
Fund's common stock. The subscription price for the shares
purchased pursuant to the Rights Offering was determined to be
$8.17 per share, which represents 95% of the average of the last
reported sales price per share of the Fund's common stock on the
New York Stock Exchange on the Expiration Date and the four
preceding trading days. The Rights Offering generated $22.3 million
in new assets for the Fund. Persons seeking further information
regarding the Fund's Rights Offering should contact the Fund's
Information Agent: -0- *T GEORGESON SHAREHOLDER COMMUNICATIONS,
INC. 17 State Street, 10th Floor New York, NY 10004 Toll free:
(800) 509-4953 or For banks and brokers: (212) 440-9800 *T The
Fund's U.S. investment adviser is Morgan Stanley Investment
Management Inc. ("MSIM"), a wholly-owned subsidiary of Morgan
Stanley. MSIM, with over 400 investment professionals around the
world, has more than $440 billion in assets under management or
supervision as of May 31, 2006. MSIM offers investment management
services to a diverse client base, which includes governments,
institutions, corporations and individuals. Morgan Stanley (NYSE:
MS) is a global financial services firm and a market leader in
securities, investment management and credit services. With more
than 600 offices in 30 countries, Morgan Stanley connects people,
ideas and capital to help clients achieve their financial
aspirations. 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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