Turkish Investment Fund, Inc. Announces Tender Offer
03 Outubro 2013 - 5:30PM
Business Wire
Turkish Investment Fund, Inc. (NYSE: TKF) (the “Fund”) announced
today that its Board of Directors has approved a tender offer to
acquire in exchange for cash up to 10 percent of the Fund’s
outstanding shares at a price 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 (“NYSE”) on the business day immediately
following the day the offer expires (the “Tender Offer”). The
Tender Offer will commence on or about October 21, 2013.
Additional terms and conditions of the Tender Offer will be set
forth in its offering materials, which will be distributed to the
Fund’s stockholders. If more than 10 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 98.5
percent of the Fund’s net asset value per share. If the Fund’s
shares trade at a premium, the Tender Offer will not be
conducted.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has over 550 investment
professionals around the world and $347 billion in assets under
management or supervision as of June 30, 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.
For Turkish Investment Fund, Inc.For more information:(800)
231-2608
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