Certain Morgan Stanley Closed-End Funds Declare Mid Year Dividends

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

RECORD DATE

PAYABLE DATE

6/30/2015

7/15/2015

Name of Closed-End Fund

NYSE

Ticker

Net Investment Income Per Share

        
      
      
        
          Morgan Stanley Emerging Markets Debt Fund, Inc.
        
        
           
        
        
           
        
        
           
        
        
          MSD
        
        
           
        
        
           
        
        
           
        
        
          $0.14* (Quarterly)
        
      
      
        
          Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.
        
        
           
        
        
           
        
        
           
        
        
          EDD
        
        
           
        
        
           
        
        
           
        
        
          $0.22* (Quarterly)
        
      
      
        
          Morgan Stanley Emerging Markets Fund, Inc.
        
        
           
        
        
           
        
        
           
        
        
          MSF
        
        
           
        
        
           
        
        
           
        
        
          $0.035911
        
      
      
        
          The Thai Fund, Inc.
        
        
           
        
        
           
        
        
           
        
        
          TTF
        
        
           
        
        
           
        
        
           
        
        
          

$0.132452

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 2015 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 2015 will be made after the end of the year.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 585 investment professionals around the world and $406 billion in assets under management or supervision as of March 31, 2015. 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.

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 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.

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.

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Morgan StanleyFor more information:800-231-2608