Morgan Stanley China A Share Fund Board Approves 2026 Tender Offer and Shortens Performance Measurement Period for Conditional Tender Offers
Morgan Stanley China A Share Fund's Board approved a change to its tender offer policy, shortening the performance measurement period from five to three years. A conditional tender offer for up to 25% of shares will occur if the Fund's performance is below the MSCI China A Onshore Index during this period. The offer will be at 98.5% of NAV, starting July 1, 2025, with potential execution by September 30, 2028.
The Board of Directors of Morgan Stanley China A Share Fund Inc. has announced several key actions. The Board approved a change to the Fund’s performance-related conditional tender offer policy, shortening the designated measurement period from five years to three years. Under the revised policy, the Fund will conduct a conditional tender offer for up to 25 percent of its then-issued and outstanding shares at 98.5 percent of NAV (minus related costs and expenses) if, during the three-year measurement period starting July 1, 2025, the Fund’s total return investment performance on a NAV basis is less than that of its benchmark, the MSCI China A Onshore Index, and the shares are trading at or below NAV at the period’s end. If triggered, the conditional tender offer will occur by September 30, 2028, and for subsequent three-year periods thereafter. If more than 20 percent of shares are tendered, purchases will be made on a pro rata basis. The Board will determine additional terms and conditions for any such tender offer based on prevailing circumstances and regulatory requirements. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Morgan Stanley China A Share Fund Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251205667064) on December 05, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
