MAY Malaysia Fund (The)

Each of the Morgan Stanley closed-end funds listed below (the “Funds”) today declared the following dividends.

                             

RECORD DATE

                                 

PAYABLE DATE

6/29/2012

7/13/2012

Name of Closed-End Fund       Ticker      

Net InvestmentIncome PerShare

     

Short-TermCapital GainsPer Share

     

Long-TermCapital GainsPer Share

   

Morgan Stanley EmergingMarkets Debt Fund, Inc.

      MSD      

$0.14*(Quarterly)

      --       --

Morgan Stanley EmergingMarkets Domestic DebtFund, Inc.

      EDD      

$0.30*(Quarterly)

      --       -- The Malaysia Fund, Inc.       MAY       $0.130005       --       $0.629326 The Thai Fund, Inc.       TTF       $0.102407       --       $0.030538

For more information call: 1-800-231-2608.

*The amount of net investment income to be paid by the Funds is determined in accordance with federal income tax regulations. It is possible that all or a portion of the Funds’ fiscal year 2012 dividend may be a return of capital and that determination cannot yet be made.

The amount of dividends paid by each of the Funds may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all distributions in 2012 will be made after the end of the year.

Investing involves risk and it is possible to lose money on any investment in the Funds.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has approximately 620 investment professionals around the world and $304 billion in assets under management or supervision as of March 31, 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 1,300 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.