Printer Friendly

THE LATIN AMERICAN DISCOVERY FUND, INC. ANNOUNCES RIGHTS OFFERING

 NEW YORK, Dec. 2 /PRNewswire/ -- The Latin American Discovery Fund, Inc. announced today the commencement of an offering of up to 1,980,000 shares of its common stock, par value $0.01 per share, in a rights offering to its shareholders of record as of today.
 Pursuant to the offering, the fund will issue one transferable right to each share held on the record date. One share of the common stock may be purchased from the fund at a subscription price of $18 per share for each three rights delivered on or prior to the expiration date of the rights offering, Dec. 22, 1993. These shares and the rights have been listed for trading on the New York Stock Exchange under the symbols LDF and LDF.RT, respectively.
 Morgan Stanley & Co. Incorporated is acting as dealer manager in connection with the offering. Copies of the prospectus relating to the rights offering may be obtained from Shareholder Communications Corporation, 40 Exchange Place, New York, N.Y. 10005, or telephone 800-221-5724.
 The fund is a non-diversified, closed-end management investment company. The fund's investment objective is long-term capital appreciation through investment primarily in equity securities of Latin American issuers. Morgan Stanley Asset Management Inc. is the fund's investment manager.
 For further information regarding the fund and its rights offering, contact Paul J. Torre, vice president of Shareholder Communications Corporation, at 212-809-3600, 40 Exchange Place, New York, N.Y. 10005.
 -0- 12/2/93
 /CONTACT: Paul J. Torre, vice president of Shareholder Communications Corporation, 212-809-3600/
 (LDF)


CO: The Latin American Discovery Fund, Inc. ST: New York IN: FIN SU: OFR

CK-WB -- NY112 -- 0036 12/02/93 18:40 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 2, 1993
Words:276
Previous Article:LATIN AMERICAN DISCOVERY FUND, INC. DECLARES DISTRIBUTION
Next Article:MELLON TO ACQUIRE EQUITY POSITION IN ELECTRONIC PAYMENT SERVICES; DEFINITIVE AGREEMENT ADDS FIFTH MAJOR BANK TO EPS BOARD
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters