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 3,502,381 of
its issued and outstanding shares of common stock, which expired on
April 2, 2014, the Fund has accepted 3,502,381 shares for payment on
April 10, 2014 at $18.09 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 April 3, 2014. The 3,502,381 shares
represent 20 percent of the Fund’s outstanding shares. A total of
11,736,470 shares were properly tendered and not withdrawn by April 2,
2014, the final date for withdrawals. Therefore, on a pro rated basis,
approximately 29.84 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 $373 billion in assets under management or supervision as of
December 31, 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.
Contacts:
Morgan Stanley Asia-Pacific Fund, Inc.
800-231-2608
Source: Morgan Stanley Asia-Pacific Fund, Inc.
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