Morgan Stanley Municipal Income Opportunities Trust III Today Declared Monthly Income...

Morgan Stanley Municipal Income Opportunities Trust III Today Declared Monthly Income Dividends from Tax-Free Income

NEW YORK--(Business Wire)--Morgan Stanley Municipal Income Opportunities Trust III today
declared monthly income dividends of $.045 per share from tax-free
income.

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RECORD DATE PAYABLE DATE
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01/11/08 01/25/08
02/08/08 02/22/08
03/07/08 03/20/08
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Morgan Stanley Municipal Income Opportunities Trust III is a
closed-end diversified management investment company investing
principally in non-rated Municipal Obligations.

The Trust's investment objective is to provide a high level of
current income exempt from federal income tax.

Morgan Stanley Municipal Income
Opportunities Trust III (OIC)
Phone Number: 800-869-6397
c/o Morgan Stanley Trust FSB
Harborside Financial Center, Plaza II
Jersey City, New Jersey 07311

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