Morgan Stanley Frontier Emerging Markets Fund, Inc. Announces Share Repurchase Program
20 Novembre 2008 - 11:19PM
Business Wire
Morgan Stanley Frontier Emerging Markets Fund, Inc. (NYSE: FFD)
(the �Fund�) announced today that the Fund�s Board of Directors
approved a share repurchase program for the purposes of enhancing
stockholder value and reducing the discount to net asset value at
which the shares of the Fund trade. Under this program, the Fund
will purchase shares in the open market at times and prices
determined by management to be in the best interests of the
stockholders of the Fund. The Fund is a non-diversified, closed-end
management investment company, the shares of which are listed on
the New York Stock Exchange. The Fund�s investment objective is to
seek long-term capital appreciation. The Fund seeks to achieve its
investment objective by investing, under normal circumstances, at
least 80 percent of its net assets in equity securities of
companies operating in frontier emerging market countries. Morgan
Stanley Investment Management Inc. is the Fund�s investment
manager. Morgan Stanley Investment Management, together with its
investment advisory affiliates, has nearly 1,000 investment
professionals around the world and approximately $570 billion in
assets under management or supervision as of August 31, 2008. By
leveraging its global �community of boutiques� structure and the
strength of Morgan Stanley, MSIM 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. Morgan Stanley is a leading global financial services
firm providing a wide range of investment banking, securities,
investment management and wealth management services. The Firm's
employees serve clients worldwide including corporations,
governments, institutions and individuals from more than 600
offices in 35 countries. For further information about Morgan
Stanley, please visit www.morganstanley.com.
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