The Turkish Investment Fund, Inc. Announces Information Regarding Liquidation of the Fund
16 Novembro 2017 - 7:30PM
Business Wire
The Turkish Investment Fund, Inc. (NYSE: TKF) (the “Fund”) is
pleased to announce that its stockholders, at the Fund’s Special
Meeting of Stockholders held on November 16, 2017, approved the
plan of liquidation and dissolution (the “Plan”) recommended by the
Board of Directors. In accordance with the Plan, the Fund’s
investment adviser, Morgan Stanley Investment Management Inc., will
commence the orderly liquidation of the Fund’s assets. The Fund
will make one or more liquidating distributions to the Fund’s
stockholders, which will be paid in cash.
It is currently anticipated that by the end of the fourth
quarter of 2017 the liquidation will be completed and the Fund’s
shares of common stock will cease to trade on the New York Stock
Exchange. The Fund is a closed-end, U.S.-registered management
investment company and seeks long-term capital appreciation through
investments primarily in equity securities of Turkish
corporations.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 581 investment
professionals around the world and $447 billion in assets under
management or supervision as of September 30, 2017. 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. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
About Morgan StanleyMorgan Stanley (NYSE: MS) is a leading
global financial services firm providing investment banking,
securities, wealth management and investment management services.
With offices in more than 42 countries, the Firm’s employees serve
clients worldwide including corporations, governments, institutions
and individuals. For more 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.
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