Morgan Stanley Investment Management Announces Portfolio Management Changes for Closed-End Municipal Funds
December 07 2009 - 6:07PM
Business Wire
Morgan Stanley Investment Management announced today portfolio
management changes for the Morgan Stanley closed-end municipal
funds (the “Funds”). The Funds are managed by the Municipal Fixed
Income team of Morgan Stanley Investment Advisors Inc. (the
“Investment Adviser”). The Municipal Fixed Income team consists of
portfolio managers and analysts. Current Municipal Fixed Income
team members include: William D. Black, an Executive Director of
the Investment Adviser, Thomas Byron, a Vice President of the
Investment Adviser, Mark Paris, an Executive Director of the
Investment Adviser, James D. Phillips, an Executive Director of the
Investment Adviser, Neil Stone, a Managing Director of the
Investment Adviser, Robert J. Stryker, a Vice President of the
Investment Adviser, Julius Williams, a Vice President of the
Investment Adviser, and Robert W. Wimmel, an Executive Director of
the Investment Adviser.
Mr. Black has been associated with the Investment Adviser or its
investment advisory affiliates in an investment management capacity
since 1998. Mr. Byron has been associated with the Investment
Adviser or its investment advisory affiliates in an investment
management capacity since 1981. Mr. Paris has been associated
with the Investment Adviser or its investment advisory affiliates
in an investment management capacity since 2002. Mr. Phillips has
been associated with the Investment Adviser or its investment
advisory affiliates in an investment management capacity since
1991. Mr. Stone has been associated with the Investment
Adviser or its investment advisory affiliates in an investment
management capacity since 1995. Mr. Stryker has been
associated with the Investment Adviser or its investment advisory
affiliates in an investment management capacity since 1994.
Mr. Williams has been associated with the Investment Adviser
or its investment advisory affiliates in an investment management
capacity since 2000. Mr. Wimmel has been associated with the
Investment Adviser or its investment advisory affiliates in an
investment management capacity since 1996.
For each of Morgan Stanley California Insured Municipal Income
Trust (IIC), Morgan Stanley California Quality Municipal Securities
(IQC), Morgan Stanley Insured California Municipal Securities
(ICS), Morgan Stanley Insured Municipal Bond Trust (IMC), Morgan
Stanley Insured Municipal Income Trust (IIM), Morgan Stanley
Insured Municipal Securities (IMS), Morgan Stanley Insured
Municipal Trust (IMT), Morgan Stanley Municipal Premium Income
Trust (PIA), Morgan Stanley Quality Municipal Income Trust (IQI),
Morgan Stanley Quality Municipal Investment Trust (IQT) and Morgan
Stanley Quality Municipal Securities (IQM), the Municipal Fixed
Income team members who have primary responsibility for the
day-to-day management of such Fund's portfolio and the execution of
the overall strategy of such Fund are Thomas Byron, Neil Stone,
Robert J. Stryker and Robert W. Wimmel.
For each of Morgan Stanley Municipal Income Opportunities Trust
(OIA), Morgan Stanley Municipal Income Opportunities Trust II (OIB)
and Morgan Stanley Municipal Income Opportunities Trust III (OIC),
the Municipal Fixed Income team members who have primary
responsibility for the day-to-day management of such Fund's
portfolio and the execution of the overall strategy of such Fund
are William D. Black, Mark Paris, James D. Phillips and Robert J.
Stryker.
For Morgan Stanley New York Quality Municipal Securities (IQN),
the Municipal Fixed Income team members who have primary
responsibility for the day-to-day management of such Fund's
portfolio and the execution of the overall strategy of such Fund
are Mark Paris, Neil Stone, Robert J. Stryker and Julius
Williams.
The Investment Adviser, together with its investment advisory
affiliates, has nearly 1,000 investment professionals around the
world and approximately $386 billion in assets under management or
supervision as of September 30, 2009. By leveraging its global
‘community of boutiques’ structure and the strength of Morgan
Stanley, the Investment Adviser 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 36 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.
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