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Morgan Stanley Income Securities, Inc.
Ticker Symbol: ICB* CUSIP: 61745P874 Exchange: NYSE
* NOTE: This security is no longer trading as of 6/01/2018
Company's Online Profile
FUND DESCRIPTION: Morgan Stanley Income Securities Inc. is a diversified, closed-end management investment company. The Fund's primary investment objective is to provide as high a level of current income as is consistent with prudent investment and, as a secondary objective, capital appreciation. The Fund's investment advisor is Morgan Stanley Investment Advisors Inc. Morgan Stanley Trust, an affiliate of the Investment Manager, is the Trust's transfer agent.
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Notes: January 22, --Morgan Stanley Income Securities Inc. (NYSE:ICB) (the Fund) announced that, after considering the recommendation of the Fund’s investment adviser, the Board of Directors of the Fund determined that it would be in the best interest of stockholders of the Fund to approve an Agreement and Plan of Reorganization by and between the Fund and Morgan Stanley Institutional Fund Trust, on behalf of its series Corporate Bond Portfolio (MSIFT Corporate Bond), pursuant to which substantially all of the assets and liabilities of the Fund would be transferred to MSIFT Corporate Bond and stockholders of the Fund would become shareholders of MSIFT Corporate Bond, receiving shares of beneficial interest of MSIFT Corporate Bond equal to the value of their holdings in the Fund (the Reorganization). Upon execution of the Reorganization, shares of the Fund would cease to trade on the New York Stock Exchange; however, after the Reorganization, shares of MSIFT Corporate Bond may be purchased and redeemed at the option of shareholders at net asset value on a daily basis, subject to the terms described in the registration statement for MSIFT Corporate Bond. In connection with the Reorganization, stockholders of the Fund will receive newly issued Class I shares of MSIFT Corporate Bond with a value equal to the aggregate net asset value of their common shares of the Fund on the valuation date, which is expected to be the close of business on or about June 1, 2018. The transaction is currently expected to close on or about June 4, 2018, subject to the satisfaction of certain conditions. Stockholders of the Fund will continue to be able to trade their common shares of the Fund on the New York Stock Exchange until the close of business on or about June 1, 2018. Subsequently, the Fund will cease trading on the New York Stock Exchange and will be dissolved.
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IPO - 4/6/1973 -
Previous Name: Morgan Stanley Dean Witter Income Securities, Inc. Changed: 10/26/2001
Small Cap Stock -
Market Value $146.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Address and Phone Numbers |
| Address: 1221 Avenue of the Americas, New York, NY 10020 |
| Main Phone Number |
212-392-1600 |
| Fax Number |
212-392-7605 |
| Investor Contact
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800-869-6397
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| Toll Free Phone Number |
800-869-3863 |
| CEO - Charles A. Fiumefreddo |
PRS - Mitchell M. Merin |
TRS - Thomas F. Caloia |
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