Certain Morgan Stanley Closed-End Funds Declare Quarterly Dividends

Rhea-AI Summary

Morgan Stanley's closed-end funds have declared dividends for 2021. The Morgan Stanley Emerging Markets Debt Fund (MSD) will distribute $0.105 per share, while the Morgan Stanley Emerging Markets Domestic Debt Fund (EDD) will pay $0.095 per share. The record date for both funds is March 31, 2021, with a payable date of April 15, 2021. It should be noted that these dividends may include a return of capital and that future payments are not guaranteed, as they may vary.

Positive

• Dividend of $0.105 per share for MSD and $0.095 per share for EDD enhances shareholder income.
• Demonstrates ongoing commitment to returning value to shareholders.

Negative

• Potential return of capital in dividends raises concerns about sustainability.
• Future dividend payments are uncertain and may vary.

Each of the Morgan Stanley closed-end funds listed below (the “Funds”) today declared the following dividends.

RECORD DATE	PAYABLE DATE
3/31/21	4/15/21

Name of Closed-End Fund	NYSE Ticker	Net Investment Income Per Share
Morgan Stanley Emerging Markets Debt Fund, Inc.	MSD	$0.105
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.	EDD	$0.095

The amount of net investment income to be paid by the Funds is determined in accordance with federal income tax regulations. It is possible that all or a portion of the Funds’ fiscal year 2021 dividend may be a return of capital and that determination cannot yet be made.

The amount of dividends paid by each of the Funds may vary from time to time. Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all distributions in 2021 will be made after the end of the year.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 738 investment professionals around the world and $781 billion in assets under management or supervision as of December 31, 2020. 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.

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210319005432/en/

FAQ

What is the dividend amount for MSD and EDD?

The dividend amount for MSD is $0.105 per share, and for EDD, it is $0.095 per share.

When is the record date for the dividends?

The record date for the dividends is March 31, 2021.

What is the payable date for these dividends?

The payable date for the dividends is April 15, 2021.

Can the dividends be a return of capital?

Yes, a portion of the dividends may be classified as a return of capital.

Are future dividend payments guaranteed for MSD and EDD?

No, past dividends are not a guarantee of future payments, and they may vary.