Thai Fund (NYSE:TTF)
Historical Stock Chart
From Jul 2019 to Jul 2024
The Thai Fund, Inc. (the "Fund") (NYSE: TTF) announced
today that the rights offering of shares of the Fund's common stock
(the "Rights Offering") will be suspended until further notice.
In accordance with an undertaking made by the Fund in the
Registration Statement it filed with the Securities and Exchange
Commission in connection with the Rights Offering, the Fund is
suspending its Rights Offering until further notice due to the Fund's
net asset value having declined more than 10% from $9.02 on May 23,
2006 (the effective date of the Fund's registration statement) to
$8.06 on June 12, 2006. All subscriptions and payments received by the
Fund will be returned to subscribing stockholders.
The Rights Offering will be suspended until such time as the Board
of Directors of the Fund determines that market conditions and other
factors make it appropriate to resume the Rights Offering. The Fund
will continue to review market conditions and will make an
announcement if it decides to resume the Rights Offering. There can be
no assurance that the Fund will resume the Rights Offering.
The Fund is listed on the New York Stock Exchange under the ticker
symbol "TTF." The Fund is a closed-end management investment company
seeking long-term capital appreciation through investment primarily in
equity securities of companies organized under the laws of the Kingdom
of Thailand.
Stockholders seeking further information should contact their
broker or nominee, or contact the Fund's Information Agent:
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GEORGESON SHAREHOLDER COMMUNICATIONS, INC.
17 State Street, 10th Floor
New York, NY 10004
Toll free: (800) 509-4953
or
For banks and brokers: (212) 440-9800
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The Fund's U.S. investment adviser is Morgan Stanley Investment
Management Inc. ("MSIM"), a wholly-owned subsidiary of Morgan Stanley.
MSIM, with over 400 investment professionals around the world, has
more than $442 billion in assets under management or supervision as of
February 28, 2006. MSIM offers investment management services to a
diverse client base, which includes governments, institutions,
corporations and individuals.
Morgan Stanley (NYSE:MS) is a global financial services firm and a
market leader in securities, investment management and credit
services. With more than 600 offices in 30 countries, Morgan Stanley
connects people, ideas and capital to help clients achieve their
financial aspirations.
Investors should consider the Fund's investment objective, risks
and charges and expenses carefully before investing. The prospectus
contains this and other information about the Fund and can be obtained
from Georgeson Shareholder Communications, Inc., as set forth above.
Investors should read the prospectus carefully before investing.
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.
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For media inquiries, please contact:
Erica Platt
Media Relations
212-762-3268
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