Morgan Stanley Investment Management Inc. (“MSIM”), the Fund’s investment adviser, has obtained a qualified foreign institutional investor (“QFII”) license pursuant to which it is authorized to invest in China A-shares and other permitted China securities listed on the Shanghai and Shenzhen Exchanges on behalf of the Fund up to its specified investment quota (the “A-share Quota”). The ability of the Fund to increase its investment in China A-shares is contingent upon additional A-share Quota, which the Adviser has obtained in the amount of $250,000,000.The Board of Directors of the Fund has determined that it is in the best interests of the Fund and its stockholders to conduct the Offering and increase the assets available for investment. The Adviser believes that recent developments in the Chinese securities markets are promising and that the proceeds of the Offering will allow the Fund to capitalize more effectively on these unsubscribed attractive opportunities. For further information regarding the Fund’s rights offering, or to obtain a Prospectus, please contact the Fund’s Information Agent:
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MSIM, together with its investment advisory affiliates, has over 750 investment professionals around the world and approximately $251 billion in assets under management or supervision as of June 30, 2010. By leveraging its global ‘community of boutiques’ structure and the strength of Morgan Stanley, MSIM 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 a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 42 countries. 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. Please consider the Fund’s investment objective, risks and charges and expenses carefully before investing. The prospectus, which contains this and other information about the Fund, can be obtained by calling (800) 231-2608 and should be read carefully before investing.