NEW YORK -- (Business Wire)
Morgan Stanley Asia-Pacific Fund, Inc. (NYSE:APF) (the “Fund”) announced
today the commencement of a tender offer by the Fund to acquire in
exchange for cash up to 5 percent of the Fund’s outstanding shares at a
price 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 the
business day immediately following the day the offer expires (the
“Tender Offer”). If more than 5 percent of the Fund’s outstanding shares
are tendered, the Fund will purchase its shares from tendering
stockholders on a pro rata basis at a price of 98 percent of the Fund’s
net asset value per share.
The Tender Offer is being made on the terms and subject to the
conditions set forth in the Offer Notice and related Letter of
Transmittal in connection with commencement of the Tender Offer on
October 19, 2012 and termination of the Tender Offer at 11:59 p.m. New
York time on November 16, 2012, unless extended. The pricing date will
be November 19, 2012, unless the Tender Offer is extended.
In connection with the Tender Offer, the Fund has temporarily suspended
any purchases of shares in the open market pursuant to its share
repurchase program until on or about 10 business days after the
termination of the Tender Offer, as required by the Securities Exchange
Act of 1934, as amended. The next 12-week measurement period under the
amended discount management program will commence on January 7, 2013.
This announcement is not a recommendation, an offer to purchase or a
solicitation to sell any securities of the Fund. The Tender Offer is
being made only by an Offer Notice, a related Letter of Transmittal and
other documents, which will be filed with the Securities and Exchange
Commission. Shareholders of the Fund should read the Offer Notice,
tender offer statement and related exhibits when those documents are
filed and become available, as they will contain important information
about the Tender Offer. These and other filed documents are available to
investors for free both at the website of the Securities and Exchange
Commission and from the Fund. Shareholders may obtain further
information regarding the Tender Offer from Georgeson Inc., the
Information Agent for the Tender Offer, by calling 1-888-654-1722.
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.
© 2015 Canjex Publishing Ltd. All rights reserved.