EX-99.(D)(1) 2 a09-7869_1ex99dd1.htm EX-99.(D)(1)

EXHIBIT 99.(D)(1)

 

[FORM OF SUBSCRIPTION CERTIFICATE]

 

Account #____________

 

THIS PAYMENT IS NON-TRANSFERABLE PAYMENT MUST BE IN U.S. DOLLARS. ONLY MONEY ORDERS OR CHECKS DRAWN ON A BANK LOCATED IN THE CONTINENTAL UNITED STATES AND MADE PAYABLE TO MORGAN STANLEY CHINA A SHARE FUND, INC. WILL BE ACCEPTED. PLEASE REFERENCE YOUR RIGHTS CARD CONTROL NUMBER ON YOUR CHECK, MONEY ORDER OR NOTICE OF GUARANTEED DELIVERY. YOU MAY REQUEST THAT YOUR BANK, TRUST COMPANY OR BROKER (IF A MEMBER OF THE NEW YORK STOCK EXCHANGE) SUBMIT A NOTICE OF GUARANTEED DELIVERY ON YOUR BEHALF BY 5.00 P.M. ON THE EXPIRATION DATE.

 

MORGAN STANLEY CHINA A SHARE FUND, INC.

 

SUBSCRIPTION RIGHTS FOR COMMON STOCK

 

SUBSCRIPTION CERTIFICATE THESE RIGHTS ARE NON-TRANSFERRABLE SUBSCRIPTION PRICE:  ___________________

 

Certificate for

 

 

 

 

____________________

 

RIGHTS

 

 

 

 

 

CUSIP

 

VOID IF NOT RECEIVED BY THE SUBSCRIPTION AGENT BEFORE 5:00 P.M. NEW YORK TIME ON  THE EXPIRATION DATE:  [   ], 2009

 

REGISTERED OWNER:

 

As the registered owner of the Subscription Certificate below, you are entitled to subscribe for the number of shares of Common Stock, $.01 par value per share, of Morgan Stanley China A Share Fund, Inc. (the “Fund”), shown above pursuant to the Primary Subscription Right and upon the terms and conditions and at the Subscription Price for each share of Common Stock specified in the Prospectus relating thereto.  The Rights represented hereby include the Over-Subscription Privilege for Rights Holders, as described in the Prospectus.  Each Record Date Stockholder who fully exercises all Rights issued to him is entitled to subscribe for Shares which were not otherwise subscribed for by others in the Primary Subscription (the “Over Subscription Privilege”).  If enough Shares are available, or if the Board of the Fund approves the distribution of additional Shares, all of these requests will be honored in full.  Regardless of whether the Fund issues such additional Shares, to the extent Shares are not available

 



 

to honor all requests, the available Shares will be allocated pro rata among those Record Date Stockholders who over-subscribe based on the number of Rights originally issued to them by the Fund.

 

Stock certificates for primary share subscriptions will be delivered as soon as practicable after receipt of the required completed Subscription Certificate and after full payment has been received and cleared.  Stock certificates for over-subscriptions will be delivered as soon as practicable after full payment for such Shares have been received and cleared and after all allocations have been effected.

 

The registered owner of this Subscription Certificate named below, or assigns, is entitled to the number of Rights shown above to subscribe for the Common Stock, $.01 par value, of Morgan Stanley China A Share Fund, Inc. (the “Fund”), in the ratio of one share of Common Stock for each five Rights, pursuant to the Offer and upon the terms and conditions and at the price for each share of Common Stock specified in the Prospectus relating thereto.  The Rights represented hereby include the Over-Subscription Privilege for Record Date Stockholders only, as described in the Prospectus.  Under this Privilege, each Record Date Stockholder who fully exercises all Rights issued to him is entitled to subscribe for Shares which were not otherwise subscribed for by others in the Primary Subscription, or additional Shares issued by the Fund subject to Board approval, and subject to pro rata allocation if in sufficient additional Shares are available.  Stock certificates for the shares subscribed for pursuant to the Primary Subscription Right will be delivered as soon as practicable after receipt of the required completed Subscription Certificate and after full payment has been received and cleared.  Stock certificates for the shares subscribed for pursuant to the Over-Subscription Privilege will be delivered as soon as practicable after full payment has been received and cleared and after all allocations have been effected.  Any additional payment required from a Record Date Stockholder must be received by the Subscription Agent by [   ], 2009 unless the Offer is extended.  Any excess payment to be refunded by the Fund to a Record Date Stockholder will be delivered as soon as practicable after the Expiration Date.  To subscribe pursuant to the Primary Subscription Right, three Rights and the Subscription Price are required for each share of Common Stock.  To subscribe for additional Shares pursuant to the Over-Subscription Privilege, the Subscription Price is required for each share of Common Stock, subject to the terms of the Over-Subscription Privilege as described in the Prospectus.  Payment of the Estimated Subscription Price of $[   ] per share must accompany the Subscription Certificate.  See reverse side of form.

 

Dated:

 

 

 

 

Chief Executive Officer

 

Secretary

 

 

Counter Signed and Registered:

 

[                                   ]

 

 

By:

 

 

 

Authorized Signature

 

2



 

PLEASE COMPLETE ALL APPLICABLE INFORMATION

 

BY MAIL:

BY OVERNIGHT COURIER:

BY HAND:

[                                    ]

Attn:  [             ]

[             ]

[                                    ]

Attn:  [             ]

[             ]

[                                    ]

Attn:  [             ]

[             ]

 

To subscribe for your primary shares please complete line “A” on the card below.

 

Example:

 

100 shares = 100 rights

 

100 rights divided by 5 = 20 primary shares

 

The maximum number of primary subscription shares would be 20

 

A.

20

X $

=$

 

To subscribe for any over-subscription shares please complete line “B” below.

 

PLEASE NOTE:  Only Record Date Stockholders who have exercised their Primary Subscription in full may apply for shares pursuant to the Over-Subscription Privilege.

 

PAYMENT OF SHARES:  Full payment for both the primary and over-subscription shares or a notice of guaranteed delivery must accompany this subscription.

 

Please reference your rights card control number on your check, money order or notice of guaranteed delivery.

 

If the aggregate Estimated Subscription Price paid by a Record Date Stockholder is insufficient to purchase, at the Estimated Subscription Price, the number of shares of Common Stock that the holder indicates are being subscribed for, or if a Record Date Stockholder does not specify the number of shares of Common Stock to be purchased, then the Record Date Stockholder will be deemed to have exercised first, the Primary Subscription Right (if not already fully exercised) and second, the Over-Subscription Privilege to purchase shares of Common Stock to the full extent of the payment rendered.  If the aggregate Estimated Subscription Price paid by a Record Date Stockholder exceeds the amount necessary to purchase, at the Estimated Subscription Price, the number of shares of Common Stock for which the Record Date Stockholder has indicted an intention to subscribe, then the Record Date Stockholder will be deemed to have exercised first, the Primary Subscription Right (if not already fully exercised) and second, the Over-Subscription Privilege to the full extent of the excess payment tendered.

 

Expiration Date ([   ], 2009 unless extended)

 

A.  Primary Subscription

x

$

=

$

 

 

 

 

 

(5 Rights = 1 share)

(No. of Shares)

(Estimated Subscription Price)

 

 

 

 

 

 

 

B.  Over-Subscription Privilege

x

$

=

$

 

 

 

 

 

 

(Shares)

(Estimated Subscription Price)

 

 

 

3



 

C.  Amount of Check Enclosed

=

$

 

 

 

 

 

 

(or amount in Notice of Guaranteed Delivery)

 

 

 

 

TO SUBSCRIBE:  I hereby irrevocably subscribe for the number of shares of Common Stock indicated as the total of A and B hereon upon the terms and conditions specified in the Prospectus relating thereto, receipt of which is acknowledged.  I hereby agree that if I fail to pay for the shares of Common Stock for which I have subscribed (or are deemed to have subscribed for as set forth above), the Fund may exercise any of the remedies set forth in the Prospectus.

 

 

 

Signature(s) of Subscriber(s)

 

 

 

 

 

Address for delivery of Shares if other than shown on front

 

 

 

If permanent change of address, check here o

 

 

 

Please give your telephone number:  (    )

 

 

 

 

Please give your e-mail address:

 

 

 

4