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Stock impact report

The Latin American Discovery Fund, Inc. Announces Information Regarding Liquidation of the Fund

LATIN AMERICAN DISCOVERY FUND (LDF)  More Company Research Source: Business Wire
PDF NEW YORK--(BUSINESS WIRE)-- The Latin American Discovery Fund, Inc. (NYSE: LDF) (the “Fund”) is pleased to announce that its stockholders, at the Fund’s Special Meeting of Stockholders held on October 19, 2018, approved the plan of liquidation and dissolution (the “Plan”) recommended by the Board of Directors. In accordance with the Plan, the Fund’s investment adviser, Morgan Stanley Investment Management Inc., will commence the orderly liquidation of the Fund’s assets. The Fund will make one or more liquidating distributions to the Fund’s stockholders, which will be paid in cash. It is currently anticipated that by [the end of the fourth quarter] of 2018 the liquidation will be completed and the Fund’s shares of common stock will cease to trade on the New York Stock Exchange. The Fund is a non-diversified, closed-end management investment company that seeks long-term capital appreciation through investm [Read more]
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