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Morgan Stanley Closed-End Funds Announce Morgan Stanley's Expected Sale of its Retail Asset Management Business to Invesco Ltd.

Publication: Investment Weekly News
Publication Date: 07-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Morgan Stanley announced on October 19, 2009 that it has entered into a definitive agreement to sell substantially all of its retail asset management business to Invesco Ltd. ("Invesco"), a leading global investment management company. As a result, Morgan Stanley Investment Advisors Inc. and Morgan Stanley Investment Management Inc. (together, "MSIA") expect to propose to the Board of Trustees/Directors of each of Morgan Stanley California Insured Municipal...

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