The Latin American Discovery Fund, Inc. Announces Board of Directors Update
July 28 2017 - 4:30PM
Business Wire
The Latin American Discovery Fund, Inc. (NYSE:LDF) (the “Fund”)
announced today that Class I Directors Kathleen A. Dennis and
Joseph J. Kearns and Class III Directors Michael E. Nugent and
Fergus Reid have resigned from the Board of Directors (the “Board”)
of the Fund, effective August 2, 2017, as the Fund does not expect
that they will receive the required vote to be re-elected by
stockholders of the Fund at the adjourned Meeting. In addition,
Nancy C. Everett has resigned as a Class II Director of the Fund,
effective August 2, 2017, in order to realign the class structure
of the Fund, and has been appointed by the Board as a Class III
Director of the Fund, effective August 3, 2017. Furthermore, as a
result of Mr. Kearns’ resignation, Patricia Maleski has been
appointed to the Audit Committee, effective August 3, 2017, and the
Board has concluded that Jakki L. Haussler is an “audit committee
financial expert” as defined by applicable Securities and Exchange
Commission rules.
Morgan Stanley Investment Management, together with its
investment advisory affiliates, has more than 581 investment
professionals around the world and $435 billion in assets under
management or supervision as of June 30, 2017. Morgan Stanley
Investment Management 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. For further information about Morgan Stanley Investment
Management, please visit www.morganstanley.com/im.
Morgan Stanley (NYSE: MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
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.
Investing involves risk and it is possible to lose money on
any investment in the Fund.
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The Latin American Discovery Fund, Inc.1-800-231-2608
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