Morgan Stanley India Investment Fund, Inc. announces an Equity Buyback
May 22, 2012
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The Board of Directors of Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) authorized a tender offer on May 22, 2012. Under the offer, the company will repurchase up to 3,349,634 shares, representing 15% of its issued share capital at a price price equal to 98.5% of the Fund's net asset value per share as of the close of July 11, 2012. If more than 3,349,634 shares were tendered, the company will repurchase shares on a pro rata basis, however, the company will repurchase all the shares from 'odd-lot' holders, holding 99 shares or less. The company is expected to use its cash and proceeds from the sale of securities in the company's portfolio. The shares repurchased by the company will be cancelled or retired. As of April 30, 2012, the company had 22,330,895 shares issued and outstanding. Georgeson Inc. acted as information agent and Computershare acted as the depository to the company.
On June 13, 2012, Morgan Stanley India Investment Fund, Inc. announced the commencement of a tender offer. The tender offer will be valid till July 10, 2012 with the pricing date of July 11, 2012, unless the offer is extended.
Morgan Stanley India Investment Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. Under normal market conditions, substantially all, but not less than 80%, of the Fund's total assets will be invested in equity securities of Indian issuers. The Fund invests its assets over a broad spectrum of the Indian economy, including, as conditions warrant from time to time, trade, financial and business services, transport and communications, manufacturing, food processing and construction. The Fund does not invest more than 25% of its total assets in any one industry. To the extent that the Fund's assets are not invested in equity securities of Indian issuers, the remainder of its assets may be invested in debt securities of Indian issuers, and debt securities issued or guaranteed by the Indian Government or an Indian governmental. The Fund's adviser is Morgan Stanley Investment Management Inc.
MORGAN STANLEY INDIA INVESTMENT FUND, INC. 
