NEW YORK -- (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total of 10,617,322 shares were properly tendered and not withdrawn by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.
Source: Morgan Stanley Asia-Pacific Fund, Inc.