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Provider: MacroRisk Analytics/EconomicInvestor
Provider: Pechala's Reports
Provider: Pechala's Reports
Provider: Reuters Investment Profile

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Turkish Investment Fund Inc Announces Tender Offer

Thursday, 3 Oct 2013 04:30pm EDT 

Turkish Investment Fund Inc announced that it has approved a tender offer to acquire in exchange for cash up to 10% of the Fund`s outstanding shares at a price equal to 98.5% 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 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% 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% 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. 

Company Quote

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26 Dec 2014