The Malaysia Fund, Inc. Announces Commencement of Tender Offer
17 Octobre 2011 - 3:00PM
Business Wire
The Malaysia Fund, Inc. (NYSE: MAY) (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 17, 2011 and termination of the Tender Offer at 11:59 p.m.
New York time on November 14, 2011, unless extended. The pricing
date will be November 15, 2011, 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 9, 2012.
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 1-866-729-6818.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has approximately 640 investment
professionals around the world and approximately $296 billion in
assets under management or supervision as of June 30, 2011. 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 1,300
offices in 42 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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