Morgan Stanley India Investment Fund, Inc. announces an Equity Buyback for 1,783,471 shares, representing 10% of its issued share capital.
October 20, 2013
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Morgan Stanley India Investment Fund, Inc. (NYSE:IIF) announces a share repurchase program. Under the offer, the company will repurchase up to 1,783,471 shares, representing 10% of its issued share capital at a price price equal to 98.5% of the Fund's net asset value per share as of the close of November 19, 2013. The company is expected to use its cash and proceeds from the sale of securities in the company's portfolio. The shares repurchased by the company will be cancelled or retired. As of October 11, 2013, the company had 17,834,711 shares issued and outstanding. The offer will expire on November 18, 2013.
Georgeson Inc. acted as information agent and Computershare acted as the depository to the company.
Morgan Stanley India Investment Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. Under normal market conditions, substantially all, but not less than 80%, of the Fund's total assets will be invested in equity securities of Indian issuers. The Fund invests its assets over a broad spectrum of the Indian economy, including, as conditions warrant from time to time, trade, financial and business services, transport and communications, manufacturing, food processing and construction. The Fund does not invest more than 25% of its total assets in any one industry. To the extent that the Fund's assets are not invested in equity securities of Indian issuers, the remainder of its assets may be invested in debt securities of Indian issuers, and debt securities issued or guaranteed by the Indian Government or an Indian governmental. The Fund's adviser is Morgan Stanley Investment Management Inc.
MORGAN STANLEY INDIA INVESTMENT FUND, INC. 
