Current Price – $16.21
Offer Price - 98% of NAV (NAV=$17.7 as of today)
Potential Gain – 7% or $112 for Odd Lots (if NAV remains unchanged)
Expiration date – June 10, 2013
Odd Lot holders (less than 100 shares) are not subject to pro-ration
Morgan Stanley Asia-Pacific Fund, Inc. (the “Fund”) is offering to purchase up to 5% of its outstanding Shares, or 929,904 of its outstanding Shares of Common Stock, for cash at a price per Share equal to 98% of the net asset value per Share (“NAV”) as of the close of regular trading on the New York Stock Exchange (“NYSE”) on June 11, 2013.
If the number of Shares properly tendered and not withdrawn prior to the Termination Date is less than or equal to the Offer Amount, the Fund will, upon the terms and conditions of the Offer, purchase all Shares so tendered. If more than 929,904 Shares are duly tendered pursuant to the Offer, the Fund will purchase Shares from tendering Stockholders, in accordance with the terms and conditions specified in the Offer, on a pro rata basis (disregarding fractions), in accordance with the number of Shares duly tendered by or on behalf of each Stockholder (and not so withdrawn); however, the Fund will accept all Shares tendered by any Stockholder who owns, beneficially or of record, an aggregate of not more than 99 Shares.
Source of Funds:
The monies to be used by the Fund to purchase Shares pursuant to the Offer will be obtained from cash and from sales of securities in the Fund’s investment portfolio. Although permitted to do so, the Fund does not expect to borrow money to finance the purchase of any tendered Shares.