Certain Morgan Stanley Closed-End Funds Declare Quarterly Dividends

Rhea-AI Summary

On June 18, 2021, Morgan Stanley announced dividends for its closed-end funds: the Morgan Stanley Emerging Markets Debt Fund (MSD) will pay $0.11 per share and the Morgan Stanley Emerging Markets Domestic Debt Fund (EDD) will pay $0.095 per share. The record date for both funds is June 30, 2021, with payment scheduled for July 15, 2021. It's noted that the dividend amounts may vary over time and could include a return of capital, with final tax characteristics determined post-fiscal year 2021.

Positive

• Dividend declaration reflects ongoing income for shareholders.
• Strong performance with $1.4 trillion in assets under management.

Negative

• Uncertainty in dividend sustainability as future amounts may vary.
• Potential return of capital could impact tax implications for shareholders.

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

RECORD DATE	PAYABLE DATE
6/30/21	7/15/21
Name of Closed-End Fund	NYSE Ticker	Net Investment Income Per Share
Morgan Stanley Emerging Markets Debt Fund, Inc.	MSD	$0.11
Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.	EDD	$0.095

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 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 731 investment professionals around the world and $1.4 trillion in assets under management or supervision as of March 31, 2021. 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/20210618005541/en/

FAQ

What are the dividend amounts for MSD and EDD?

MSD will pay $0.11 per share and EDD will pay $0.095 per share.

When are the record and payable dates for MSD and EDD dividends?

Record date is June 30, 2021, and payable date is July 15, 2021.

Will the dividends be a return of capital for MSD and EDD?

It's possible that portions of the dividends may be a return of capital, with final determinations made after fiscal year 2021.

Are the dividend amounts guaranteed for the future?

Past dividend amounts are not guarantees of future payments, as they may vary based on fund performance.