The Thai Fund, Inc. Announces Final Results of Tender Offer
September 16 2013 - 3:30PM
Business Wire
The Thai Fund, Inc. (NYSE:TTF) (the “Fund”) announced today
that, in accordance with its tender offer for up to 2,264,413 of
its issued and outstanding shares of common stock, which expired on
September 9, 2013, the Fund has accepted 2,264,413 shares for
payment on September 17, 2013 at $22.83 per share, which is 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 on
September 10, 2013. The 2,264,413 shares represent 15 percent of
the Fund’s outstanding shares. A total of 11,870,471 shares were
properly tendered and not withdrawn by September 9, 2013, the final
date for withdrawals. Therefore, on a pro rated basis,
approximately 19.07 percent of the shares so tendered by each
tendering stockholder have been accepted for payment.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 550 investment
professionals around the world and $347 billion in assets under
management or supervision as of June 30, 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.
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