Morgan Stanley Asia-Pacific Fund, Inc. Announces Final Results of Tender Offer
23 November 2012 - 7:30PM
Business Wire
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE: APF) (the “Fund”)
announced today that, in accordance with its tender offer for up to
978,846 of its issued and outstanding shares of common stock, which
expired on November 16, 2012, the Fund has accepted 978,846 shares
for payment on November 26, 2012 at $15.70 per share, which is
equal to 98 percent of the Fund’s net asset value per share as of
the close of regular trading on the New York Stock Exchange on
November 19, 2012. The 978,846 shares represent 5 percent of the
Fund’s outstanding shares. A total of 10,617,322 shares were
properly tendered and not withdrawn by November 16, 2012, the final
date for withdrawals. Therefore, on a pro rated basis, after making
the odd-lot adjustment, approximately 7.02 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 560 investment
professionals around the world and $331 billion in assets under
management or supervision as of September 30, 2012. 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 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.
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