Certain Morgan Stanley Closed-End Funds Declare Quarterly Dividends

Rhea-AI Summary

Morgan Stanley announced dividends for its closed-end funds: the Morgan Stanley Emerging Markets Debt Fund (MSD) will pay $0.1575 per share, while the Morgan Stanley Emerging Markets Domestic Debt Fund (EDD) will pay $0.08 per share. The record date for these dividends is set for March 31, 2023, with payments to be made on April 14, 2023. It's important to note that the determination of net investment income will follow federal tax regulations, and some dividends may be classified as a return of capital. The funds manage approximately $1.3 trillion in assets as of December 31, 2022.

Positive

• MSD and EDD funds are declaring dividends, providing returns to shareholders.
• The funds manage approximately $1.3 trillion in assets, indicating strong financial stability.

Negative

• Part of the dividends may be a return of capital, raising sustainability concerns.
• Dividend amounts may vary in the future, indicating potential uncertainty for income.

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

RECORD DATE	PAYABLE DATE
3/31/23	4/14/23
Name of Closed-End Fund	NYSE Ticker	Net Investment Income Per Share
Morgan Stanley Emerging Markets Debt Fund, Inc.	MSD		$0.1575
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.	EDD		$0.08

For more information call: 1-800-231-2608.

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 2023 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 2023 will be made after the end of the year.

About Morgan Stanley Investment Management

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 1,200 investment professionals around the world and $1.3 trillion in assets under management or supervision as of December 31, 2022. 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 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/20230321005831/en/

For more information: 800.231.2608

Source: Morgan Stanley Investment Management

FAQ

What are the dividend amounts for MSD and EDD?

The Morgan Stanley Emerging Markets Debt Fund (MSD) will pay $0.1575 per share and the Morgan Stanley Emerging Markets Domestic Debt Fund (EDD) will pay $0.08 per share.

What are the record and payable dates for the dividends?

The record date is March 31, 2023, and the payable date is April 14, 2023.

Will the dividends be a return of capital?

It is possible that some of the dividends may be classified as a return of capital, as determined by federal tax regulations.

How much assets do the Morgan Stanley funds manage?

The funds manage approximately $1.3 trillion in assets as of December 31, 2022.