[SC TO-C] MORGAN STANLEY CHINA A SHARE FUND, INC Tender Offer Communication
Transportadora de Gas del Sur S.A. (TGS) has filed a Form 6-K to announce that the Argentine gas regulator ENARGAS issued Resolution 421/2025, published in the Official Gazette on 1 July 2025, approving new tariff charts for the company.
- Automatic monthly adjustment: Tariffs will now be updated every month using the formula set out in Energy Bureau Resolution 241/2025 and approved by ENARGAS Resolution 350/2025. The formula gives a 50 % weight to the national Consumer Price Index (IPC) and 50 % to the Wholesale Price Index (IPIM). The first application produces a 0.62 % tariff increase.
- Five-year review increase: An additional rise for transportation services is introduced pursuant to Section 5 of ENARGAS Resolution 256/2025. The filing does not state the percentage size of this component.
The company states that these adjustments apply to its regulated gas transportation business and were communicated as a material fact to the Argentine capital markets. No further financial, operational or guidance information was included.
Transportadora de Gas del Sur S.A. (TGS) ha presentato un Modulo 6-K per annunciare che il regolatore argentino del gas ENARGAS ha emesso la Risoluzione 421/2025, pubblicata sulla Gazzetta Ufficiale il 1掳 luglio 2025, approvando nuove tariffe per la societ脿.
- Aggiornamento automatico mensile: Le tariffe saranno ora aggiornate ogni mese utilizzando la formula stabilita nella Risoluzione dell'Ufficio Energia 241/2025 e approvata dalla Risoluzione ENARGAS 350/2025. La formula attribuisce un peso del 50% all'Indice Nazionale dei Prezzi al Consumo (IPC) e del 50% all'Indice dei Prezzi all'Ingrosso (IPIM). La prima applicazione comporta un aumento tariffario dello 0,62%.
- Aumento per revisione quinquennale: Viene introdotto un incremento aggiuntivo per i servizi di trasporto in conformit脿 alla Sezione 5 della Risoluzione ENARGAS 256/2025. La comunicazione non specifica la percentuale di questo aumento.
La societ脿 dichiara che tali aggiustamenti si applicano al suo business regolamentato di trasporto gas e sono stati comunicati come fatto rilevante ai mercati finanziari argentini. Non sono state incluse ulteriori informazioni finanziarie, operative o di guidance.
Transportadora de Gas del Sur S.A. (TGS) present贸 un Formulario 6-K para anunciar que el regulador argentino del gas ENARGAS emiti贸 la Resoluci贸n 421/2025, publicada en el Bolet铆n Oficial el 1 de julio de 2025, aprobando nuevas tarifas para la empresa.
- Ajuste autom谩tico mensual: Las tarifas ahora se actualizar谩n cada mes utilizando la f贸rmula establecida en la Resoluci贸n de la Oficina de Energ铆a 241/2025 y aprobada por la Resoluci贸n ENARGAS 350/2025. La f贸rmula asigna un 50 % de peso al 脥ndice Nacional de Precios al Consumidor (IPC) y un 50 % al 脥ndice de Precios Mayoristas (IPIM). La primera aplicaci贸n genera un aumento tarifario del 0,62 %.
- Aumento por revisi贸n quinquenal: Se introduce un incremento adicional para los servicios de transporte conforme a la Secci贸n 5 de la Resoluci贸n ENARGAS 256/2025. La presentaci贸n no indica el porcentaje de este componente.
La compa帽铆a declara que estos ajustes aplican a su negocio regulado de transporte de gas y fueron comunicados como un hecho relevante a los mercados de capital argentinos. No se incluy贸 informaci贸n financiera, operativa ni de previsiones adicional.
Transportadora de Gas del Sur S.A. (TGS)電� 鞎勲ゴ項嫲雮� 臧�鞀� 攴滌牅旮瓣磤 ENARGAS臧� 2025雲� 7鞗� 1鞚� 甏�氤挫棎 瓴岇灛霅� 421/2025順� 瓴办潣毳� 韱淀暣 須岇偓鞚� 靸堧鞖� 鞖旉笀響滊ゼ 鞀轨澑頄堧嫟瓿� 氚滍憸頃橂姅 6-K 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟.
- 鞛愲彊 鞗旉皠 臁办爼: 鞖旉笀鞚� 鞚挫牅 鞐愲剤歆�甑� 瓴办潣 241/2025鞐� 氇呾嫓霅� 瓿奠嫕瓿� ENARGAS 瓴办潣 350/2025鞚� 鞀轨澑鞚� 氚涭晞 毵れ洈 臧膘嫚霅╇媹雼�. 瓿奠嫕鞚� 甑皜 靻岆箘鞛� 氍缄皜 歆�靾�(IPC)鞐� 50%, 霃勲Г 氍缄皜 歆�靾�(IPIM)鞐� 50%鞚� 臧�欷戩箻毳� 攵�鞐暕雼堧嫟. 觳� 鞝侅毄鞙茧 鞖旉笀鞚� 0.62% 鞚胳儊霅╇媹雼�.
- 5雲� 欤缄赴 瓴�韱� 鞚胳儊: ENARGAS 瓴办潣 256/2025 鞝�5臁办棎 霐半澕 鞖挫啞 靹滊箘鞀れ棎 於旉皜 鞚胳儊鞚� 霃勳瀰霅╇媹雼�. 鞝滌稖 氍胳劀鞐愲姅 鞚� 鞚胳儊鞚� 甑泊鞝侅澑 牍勳湪鞚� 氇呾嫓霅橃柎 鞛堨 鞎婌姷雼堧嫟.
須岇偓電� 鞚措煬頃� 臁办爼鞚� 攴滌牅霅� 臧�鞀� 鞖挫啞 靷梾鞐� 鞝侅毄霅橂┌ 鞎勲ゴ項嫲雮� 鞛愲掣鞁滌灔鞐� 欷戩殧頃� 靷嫟搿� 韱惦炒霅橃棃雼り碃 氚濏様鞀惦媹雼�. 於旉皜鞝侅澑 鞛, 鞖挫榿 霕愲姅 臧�鞚措崢鞀� 鞝曤炒電� 韽暔霅橃 鞎婌晿鞀惦媹雼�.
Transportadora de Gas del Sur S.A. (TGS) a d茅pos茅 un formulaire 6-K pour annoncer que le r茅gulateur argentin du gaz ENARGAS a publi茅 la R茅solution 421/2025, parue au Journal Officiel le 1er juillet 2025, approuvant de nouvelles grilles tarifaires pour l'entreprise.
- Ajustement mensuel automatique : Les tarifs seront d茅sormais mis 脿 jour chaque mois selon la formule d茅finie dans la R茅solution du Bureau de l'脡nergie 241/2025 et approuv茅e par la R茅solution ENARGAS 350/2025. La formule attribue un poids de 50 % 脿 l'Indice des Prix 脿 la Consommation national (IPC) et 50 % 脿 l'Indice des Prix de Gros (IPIM). La premi猫re application engendre une augmentation tarifaire de 0,62 %.
- Augmentation li茅e 脿 la r茅vision quinquennale : Une hausse suppl茅mentaire pour les services de transport est introduite conform茅ment 脿 l'article 5 de la R茅solution ENARGAS 256/2025. Le d茅p么t ne pr茅cise pas le pourcentage de cette composante.
L'entreprise indique que ces ajustements s'appliquent 脿 son activit茅 r茅glement茅e de transport de gaz et ont 茅t茅 communiqu茅s comme un fait important aux march茅s financiers argentins. Aucune autre information financi猫re, op茅rationnelle ou pr茅visionnelle n'a 茅t茅 fournie.
Transportadora de Gas del Sur S.A. (TGS) hat ein Formular 6-K eingereicht, um bekannt zu geben, dass die argentinische Gasaufsichtsbeh枚rde ENARGAS die Resolution 421/2025 erlassen hat, die am 1. Juli 2025 im Amtsblatt ver枚ffentlicht wurde und neue Tarifpl盲ne f眉r das Unternehmen genehmigt.
- Automatische monatliche Anpassung: Die Tarife werden nun monatlich anhand der in der Energieregulierungsbeh枚rde Resolution 241/2025 festgelegten Formel aktualisiert, die von der ENARGAS Resolution 350/2025 genehmigt wurde. Die Formel gewichtet den nationalen Verbraucherpreisindex (IPC) zu 50 % und den Gro脽handelspreisindex (IPIM) zu 50 %. Die erste Anwendung f眉hrt zu einer Tariferh枚hung von 0,62 %.
- 贵眉苍蹿箩补丑谤别蝉眉产别谤辫谤眉蹿耻苍驳蝉别谤丑枚丑耻苍驳: Gem盲脽 Abschnitt 5 der ENARGAS Resolution 256/2025 wird eine zus盲tzliche Erh枚hung f眉r Transportdienstleistungen eingef眉hrt. Die Einreichung nennt keinen Prozentsatz f眉r diese Komponente.
Das Unternehmen gibt an, dass diese Anpassungen f眉r sein reguliertes Gastransportgesch盲ft gelten und als bedeutendes Ereignis an die argentinischen Kapitalm盲rkte kommuniziert wurden. Weitere finanzielle, operative oder prognostische Informationen wurden nicht bereitgestellt.
- None.
- None.
Insights
TL;DR 鈥� Tariff framework shifts to monthly indexation, giving TGS modest (0.62 %) but recurring inflation pass-through and an extra long-term hike.
From an earnings perspective, ENARGAS Resolution 421/2025 is positive. The 0.62 % uplift is small in isolation, yet the key takeaway is the automatic monthly indexation tied to Argentine inflation indicators. In a high-inflation economy, this mechanism should stabilise real cash flows and protect margins without requiring ad-hoc negotiations. Additionally, the still-unquantified increase stemming from the five-year tariff review could provide a step change in revenue once details are published. Because the filing lacks volume or peso impact data, the precise uplift cannot be modelled, but the regulatory signal lowers earnings-volatility risk and has favourable valuation implications.
TL;DR 鈥� Resolution inaugurates predictable CPI/IPIM pass-through, reducing regulatory lag risk for TGS.
The move aligns gas-transport tariffs with standard cost-recovery principles: frequent, formula-based adjustments and periodic base-rate resets. For investors, this signals a more transparent regime and narrows political-interference risk. However, initial adjustment of 0.62 % suggests that monthly formulae may lag behind Argentina鈥檚 double-digit inflation unless compounded. The companion five-year review increase could compensate, but its absence of published magnitude warrants monitoring. Overall, the change is incrementally positive for regulatory certainty.
Transportadora de Gas del Sur S.A. (TGS) ha presentato un Modulo 6-K per annunciare che il regolatore argentino del gas ENARGAS ha emesso la Risoluzione 421/2025, pubblicata sulla Gazzetta Ufficiale il 1掳 luglio 2025, approvando nuove tariffe per la societ脿.
- Aggiornamento automatico mensile: Le tariffe saranno ora aggiornate ogni mese utilizzando la formula stabilita nella Risoluzione dell'Ufficio Energia 241/2025 e approvata dalla Risoluzione ENARGAS 350/2025. La formula attribuisce un peso del 50% all'Indice Nazionale dei Prezzi al Consumo (IPC) e del 50% all'Indice dei Prezzi all'Ingrosso (IPIM). La prima applicazione comporta un aumento tariffario dello 0,62%.
- Aumento per revisione quinquennale: Viene introdotto un incremento aggiuntivo per i servizi di trasporto in conformit脿 alla Sezione 5 della Risoluzione ENARGAS 256/2025. La comunicazione non specifica la percentuale di questo aumento.
La societ脿 dichiara che tali aggiustamenti si applicano al suo business regolamentato di trasporto gas e sono stati comunicati come fatto rilevante ai mercati finanziari argentini. Non sono state incluse ulteriori informazioni finanziarie, operative o di guidance.
Transportadora de Gas del Sur S.A. (TGS) present贸 un Formulario 6-K para anunciar que el regulador argentino del gas ENARGAS emiti贸 la Resoluci贸n 421/2025, publicada en el Bolet铆n Oficial el 1 de julio de 2025, aprobando nuevas tarifas para la empresa.
- Ajuste autom谩tico mensual: Las tarifas ahora se actualizar谩n cada mes utilizando la f贸rmula establecida en la Resoluci贸n de la Oficina de Energ铆a 241/2025 y aprobada por la Resoluci贸n ENARGAS 350/2025. La f贸rmula asigna un 50 % de peso al 脥ndice Nacional de Precios al Consumidor (IPC) y un 50 % al 脥ndice de Precios Mayoristas (IPIM). La primera aplicaci贸n genera un aumento tarifario del 0,62 %.
- Aumento por revisi贸n quinquenal: Se introduce un incremento adicional para los servicios de transporte conforme a la Secci贸n 5 de la Resoluci贸n ENARGAS 256/2025. La presentaci贸n no indica el porcentaje de este componente.
La compa帽铆a declara que estos ajustes aplican a su negocio regulado de transporte de gas y fueron comunicados como un hecho relevante a los mercados de capital argentinos. No se incluy贸 informaci贸n financiera, operativa ni de previsiones adicional.
Transportadora de Gas del Sur S.A. (TGS)電� 鞎勲ゴ項嫲雮� 臧�鞀� 攴滌牅旮瓣磤 ENARGAS臧� 2025雲� 7鞗� 1鞚� 甏�氤挫棎 瓴岇灛霅� 421/2025順� 瓴办潣毳� 韱淀暣 須岇偓鞚� 靸堧鞖� 鞖旉笀響滊ゼ 鞀轨澑頄堧嫟瓿� 氚滍憸頃橂姅 6-K 鞏戩嫕鞚� 鞝滌稖頄堨姷雼堧嫟.
- 鞛愲彊 鞗旉皠 臁办爼: 鞖旉笀鞚� 鞚挫牅 鞐愲剤歆�甑� 瓴办潣 241/2025鞐� 氇呾嫓霅� 瓿奠嫕瓿� ENARGAS 瓴办潣 350/2025鞚� 鞀轨澑鞚� 氚涭晞 毵れ洈 臧膘嫚霅╇媹雼�. 瓿奠嫕鞚� 甑皜 靻岆箘鞛� 氍缄皜 歆�靾�(IPC)鞐� 50%, 霃勲Г 氍缄皜 歆�靾�(IPIM)鞐� 50%鞚� 臧�欷戩箻毳� 攵�鞐暕雼堧嫟. 觳� 鞝侅毄鞙茧 鞖旉笀鞚� 0.62% 鞚胳儊霅╇媹雼�.
- 5雲� 欤缄赴 瓴�韱� 鞚胳儊: ENARGAS 瓴办潣 256/2025 鞝�5臁办棎 霐半澕 鞖挫啞 靹滊箘鞀れ棎 於旉皜 鞚胳儊鞚� 霃勳瀰霅╇媹雼�. 鞝滌稖 氍胳劀鞐愲姅 鞚� 鞚胳儊鞚� 甑泊鞝侅澑 牍勳湪鞚� 氇呾嫓霅橃柎 鞛堨 鞎婌姷雼堧嫟.
須岇偓電� 鞚措煬頃� 臁办爼鞚� 攴滌牅霅� 臧�鞀� 鞖挫啞 靷梾鞐� 鞝侅毄霅橂┌ 鞎勲ゴ項嫲雮� 鞛愲掣鞁滌灔鞐� 欷戩殧頃� 靷嫟搿� 韱惦炒霅橃棃雼り碃 氚濏様鞀惦媹雼�. 於旉皜鞝侅澑 鞛, 鞖挫榿 霕愲姅 臧�鞚措崢鞀� 鞝曤炒電� 韽暔霅橃 鞎婌晿鞀惦媹雼�.
Transportadora de Gas del Sur S.A. (TGS) a d茅pos茅 un formulaire 6-K pour annoncer que le r茅gulateur argentin du gaz ENARGAS a publi茅 la R茅solution 421/2025, parue au Journal Officiel le 1er juillet 2025, approuvant de nouvelles grilles tarifaires pour l'entreprise.
- Ajustement mensuel automatique : Les tarifs seront d茅sormais mis 脿 jour chaque mois selon la formule d茅finie dans la R茅solution du Bureau de l'脡nergie 241/2025 et approuv茅e par la R茅solution ENARGAS 350/2025. La formule attribue un poids de 50 % 脿 l'Indice des Prix 脿 la Consommation national (IPC) et 50 % 脿 l'Indice des Prix de Gros (IPIM). La premi猫re application engendre une augmentation tarifaire de 0,62 %.
- Augmentation li茅e 脿 la r茅vision quinquennale : Une hausse suppl茅mentaire pour les services de transport est introduite conform茅ment 脿 l'article 5 de la R茅solution ENARGAS 256/2025. Le d茅p么t ne pr茅cise pas le pourcentage de cette composante.
L'entreprise indique que ces ajustements s'appliquent 脿 son activit茅 r茅glement茅e de transport de gaz et ont 茅t茅 communiqu茅s comme un fait important aux march茅s financiers argentins. Aucune autre information financi猫re, op茅rationnelle ou pr茅visionnelle n'a 茅t茅 fournie.
Transportadora de Gas del Sur S.A. (TGS) hat ein Formular 6-K eingereicht, um bekannt zu geben, dass die argentinische Gasaufsichtsbeh枚rde ENARGAS die Resolution 421/2025 erlassen hat, die am 1. Juli 2025 im Amtsblatt ver枚ffentlicht wurde und neue Tarifpl盲ne f眉r das Unternehmen genehmigt.
- Automatische monatliche Anpassung: Die Tarife werden nun monatlich anhand der in der Energieregulierungsbeh枚rde Resolution 241/2025 festgelegten Formel aktualisiert, die von der ENARGAS Resolution 350/2025 genehmigt wurde. Die Formel gewichtet den nationalen Verbraucherpreisindex (IPC) zu 50 % und den Gro脽handelspreisindex (IPIM) zu 50 %. Die erste Anwendung f眉hrt zu einer Tariferh枚hung von 0,62 %.
- 贵眉苍蹿箩补丑谤别蝉眉产别谤辫谤眉蹿耻苍驳蝉别谤丑枚丑耻苍驳: Gem盲脽 Abschnitt 5 der ENARGAS Resolution 256/2025 wird eine zus盲tzliche Erh枚hung f眉r Transportdienstleistungen eingef眉hrt. Die Einreichung nennt keinen Prozentsatz f眉r diese Komponente.
Das Unternehmen gibt an, dass diese Anpassungen f眉r sein reguliertes Gastransportgesch盲ft gelten und als bedeutendes Ereignis an die argentinischen Kapitalm盲rkte kommuniziert wurden. Weitere finanzielle, operative oder prognostische Informationen wurden nicht bereitgestellt.
As filed with the Securities and Exchange Commission on July 1, 2025
Securities and
Exchange Commission
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement Under Section 14(d)(1) or
13(e)(1)
of the Securities Exchange Act of 1934
Morgan Stanley
China A Share Fund, Inc.
(Name of Subject Company [Issuer])
Morgan Stanley
China A Share Fund, Inc.
(Name of Filing Persons [Issuer])
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
617468103
(CUSIP Number of Class of Securities)
1585 Broadway
New York, New York 10036
(Address of Principal Executive Office)
Telephone Number, Including Area Code: (212) 537-2607
Deidre E. Walsh, Esq.
1633 Broadway
New York, New York 10019
(Name and Address of Agent for Service)
Copies to:
| Mark F. Parise, Esq. Morgan, Lewis and Bockius LLP One State Street Hartford, CT 06103 |
Allison M. Fumai, Esq. Dechert LLP 1095 Avenue of the Americas New York, New York 10036 |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing Statement)
| x | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
| ¨ | third party tender offer subject to Rule 14d-1. |
| x | issuer tender offer subject to Rule 13e-4. |
| ¨ | going-private transaction subject to Rule 13e-3. |
| ¨ | amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer. ¨
 |
FOR IMMEDIATE RELEASE |
July 1, 2025
Morgan Stanley China A Share Fund, Inc.
Announces Advisory Fee Reduction and Update on Performance-Related Conditional Tender Offer
NEW YORK – Morgan Stanley Investment Management announced today that, effective July 1, 2025, the annual advisory fee of Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) will be reduced from an annual fee equal to 1.25% to an annual fee equal to 1.15% of the Fund’s average weekly net assets.
In addition, the requirements of the Fund’s conditional tender offer announced on June 10, 2022 have not been met. Accordingly, the Fund will not be conducting a tender offer at this time, As was previously announced, the Board of Directors of the Fund approved a performance-related conditional tender offer to acquire in exchange for cash up to 25 percent of the Fund’s then issued and outstanding shares at a price equal to 98.5 percent of the Fund’s net asset value per share (“NAV”) (minus the costs and expenses related to the tender offer) as of the close of regular trading on the New York Stock Exchange (“NYSE”) on the business day the offer expires (a “Tender Offer”). As explained in such prior announcement, the Fund would conduct such a Tender Offer only if both (1) the Fund’s total return investment performance measured on a NAV basis did not equal or exceed the total return investment performance of the Fund’s benchmark index, the MSCI China A Onshore Index, during the three-year period commencing on July 1, 2022 and ending on June 30, 2025 (and for the term of successive five-year periods thereafter commencing July 1, 2025), and (2) the Fund’s shares were trading at or below NAV at the conclusion of the applicable measurement period, with such Tender Offer occurring on or before September 30, 2025, and thereafter on each five-year anniversary of September 30, 2025.
For the period July 1, 2022 through June 30, 2025, the Fund’s total return investment performance measured on a NAV basis exceeded that of the MSCI China A Onshore Index. As noted in the fund documents, performance assumes that all dividends and distributions, if any, were reinvested at prices obtained under the Fund’s dividend reinvestment plan.1
Accordingly, no Tender Offer will be conducted for this period. The conditions triggering a Tender Offer (as described above) will be assessed again at the conclusion of the five-year period commencing July 1, 2025 and ending on June 30, 2030 (and for successive five-year periods thereafter commencing on July 1, 2030).
1 The Fund’s Dividend Reinvestment Plan provides that if net asset value exceeds the market price on the reinvestment date, participants will receive shares valued at market price.
For more information: 800.231.2608
If a Tender Offer is triggered, the Fund will issue a press release announcing the Tender Offer and providing additional information about such Tender Offer. Additional terms and conditions of a Tender Offer would also be set forth in the relevant offering materials, which would be distributed to the Fund’s shareholders. The size of any such Tender Offer (up to 25 percent of the Fund’s then issued and outstanding shares), the price at which shares are to be tendered and other terms and conditions of such Tender Offer would be determined by the Board of Directors in its discretion based on its review and consideration of the then-current size of the Fund, market conditions, the ability to repatriate the necessary cash and subject to local Chinese regulatory requirements and other factors it deems relevant.
In the event that a Tender Offer is triggered and more than 25 percent of the Fund’s then issued and outstanding shares are tendered, the Fund will purchase its shares from tendering shareholders on a pro rata basis (odd-lot tenders for stockholders who own fewer than 100 shares are still subject to pro ration), based on the number of tendered shares, at a price equal to 98.5 percent of the Fund’s NAV (minus the costs and expenses related to the tender offer), as described above.
The Fund continues to maintain a share repurchase program (the “Program”) for purposes of enhancing stockholder value by providing the ability to repurchase shares at a discount to NAV. During the year ended December 31, 2024, the Fund repurchased 192,335 of its shares at an average discount of 18.21% from NAV. Since the inception of the Program, the Fund has repurchased (as of December 31, 2024) 362,922 of its shares at an average discount of 18.83% from NAV. The Board of Directors regularly monitors the Program as part of its review and consideration of the Fund’s premium/discount history. The Fund may only repurchase its outstanding shares at such time and in such amounts as it believes will further the accomplishment of the foregoing objectives of the Program, subject to review by the Board of Directors and the Fund’s ability to repatriate capital gains and income out of China. Upon commencement of a Tender Offer, the Fund expects to temporarily suspend any purchases of shares in the open market pursuant to the Program until at least 10 business days after the termination of the Tender Offer, as required by the Securities Exchange Act of 1934, as amended.
The Fund is a non-diversified, closed-end management investment company that seeks capital growth by investing, under normal circumstances, at least 80% of its assets in A-shares of Chinese companies listed on the Shanghai and Shenzhen Stock Exchanges. The Fund’s shares are listed on the NYSE under the symbol “CAF”.
About Morgan Stanley Investment Management
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.6 trillion in assets under management or supervision as of March 31, 2025. 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 Stanley
Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in 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.
Morgan Stanley Investment Management does not provide tax advice. Investors should always consult a legal or tax professional for information concerning their individual situation.
Investing involves risk and it is possible to lose money on any investment in the Funds.
Media Relations:
Colleen McElhinney
617.672.8995
Source:
