Morgan Stanley China A Share Fund, Inc. Announces Preliminary Results of Tender Offer

NEW YORK--(BUSINESS WIRE)-- Morgan Stanley China A Share Fund, Inc. (NYSE: CAF) (the “Fund”) announced today that the Fund’s tender offer for 4,342,176 of its issued and outstanding shares of common stock, representing approximately 20 percent of the Fund’s outstanding shares, expired at 11:59 p.m., New York time on February 20, 2024.

Based upon current information, approximately 18,010,696 shares were tendered. Based on this preliminary information, the pro-ration for each tendering stockholder is estimated to be 24.1 percent of the shares properly tendered. These numbers are subject to adjustment and should not be regarded as final. The actual number of shares to be purchased will be announced at a later date. The purchase price of properly tendered shares is equal to 98.5 percent of the net asset value per share determined as of the close of the regular trading session of the New York Stock Exchange (NYSE) on February 21, 2024.

For further information, please contact Georgeson LLC, the Fund’s information agent, at 888-355-3492.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,400 investment professionals around the world and $1.5 trillion in assets under management or supervision as of December 31, 2023. 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 (NYSE: MS) is a leading global financial services firm providing a wide range of 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 further 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.

Investing involves risk and it is possible to lose money on any investment in the Fund.

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For more information:

(800) 231-2608

Source: Morgan Stanley China A Share Fund, Inc.

FAQ

What is the ticker symbol for Morgan Stanley China A Share Fund?

The ticker symbol is CAF.

How many shares were tendered in the offer?

Approximately 18,010,696 shares were tendered.

What is the estimated pro-ration for each tendering stockholder?

The estimated pro-ration is 24.1% of the shares properly tendered.

What is the purchase price of properly tendered shares?

The purchase price is equal to 98.5% of the net asset value per share.

How much assets does Morgan Stanley Investment Management have under management?

Morgan Stanley Investment Management has over $1.5 trillion in assets under management.