As filed with the Securities and Exchange Commission on November 25, 2013
Securities and Exchange Commission
Washington, D.C. 20549
SCHEDULE TO
Tender Offer Statement Under Section 14(d)(1) or 13(e)(1)
of the Securities Exchange Act of 1934
The Turkish Investment Fund, Inc.
(Name of Subject Company [Issuer])
The Turkish Investment Fund, Inc.
(Name of Filing Persons)
Common Stock, Par Value $0.01 Per Share
(Title of Class of Securities)
900145103
(CUSIP Number of Class of Securities)
522 Fifth Avenue
New York, New York 10036
(Address of Principal Executive Office)
Telephone Number, Including Area Code: (212) 296-6970
Stefanie V. Chang Yu, Esq.
522 Fifth Avenue
New York, New York 10036
(Name and Address of Agent for Service)
Copy to:
Carl Frischling, Esq. |
|
Stuart M. Strauss, Esq. |
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of the Person(s) Filing
Statement)
Calculation of Filing Fee
Transaction Valuation |
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Amount Of Filing Fee |
$9,918,482 (a) |
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$1,278 (b) |
(a) |
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Estimated for purposes of calculating the amount of the filing fee only. Pursuant to Rule 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the Transaction Value was calculated by multiplying 575,318 shares of common stock of the Fund (10% of the total number of shares outstanding on November 19, 2013) by $17.24 (98.5% of the net asset value per share of $17.50 as of the close of regular trading on the New York Stock Exchange on November 19, 2013). |
(b) |
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Calculated at $128.80 per $1,000,000 of the Transaction Value. |
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x |
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Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
Amount Previously Paid: $5,591 |
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Filing Party: The Turkish Investment Fund, Inc. |
Form or Registration No.: Schedule TO |
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Date Filed: October 21, 2013 |
o |
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Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
o |
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third party tender offer subject to Rule 14d-1. |
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x |
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issuer tender offer subject to Rule 13e-4. |
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o |
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going-private transaction subject to Rule 13e-3. |
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o |
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amendment to Schedule 13D under Rule 13d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer. o
Introductory Statement
This Amendment No. 2 amends and supplements the Tender Offer Statement on Schedule TO originally filed by The Turkish Investment Fund, Inc. (the Fund) with the Securities and Exchange Commission (the Commission) on October 21, 2013 to add an additional exhibit for the purpose of announcing the final results of the tender offer, in accordance with Rule 13e-4(c)(4) promulgated under the Securities Exchange Act of 1934, as amended.
Item 12. Exhibits.
(a)(1)(i) |
Issuer Tender Offer Statement, dated October 21, 2013.* |
(a)(1)(ii) |
Form of Letter of Transmittal.* |
(a)(1)(iii) |
Form of Notice of Guaranteed Delivery.* |
(a)(1)(iv) |
Form of Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* |
(a)(1)(v) |
Form of Letter to Clients of Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* |
(a)(1)(vi) |
Form of Letter to Stockholders.* |
(a)(2) |
None. |
(a)(5) |
Text of press release dated and issued on October 21, 2013.* |
(a)(6) |
Text of press release dated and issued on November 19, 2013.** |
(a)(7) |
Text of press release dated and issued on November 25, 2013 (filed herewith). |
(b) |
None. |
(d) |
None. |
(g) |
None. |
* Previously filed as an exhibit to the Schedule TO filed by the Fund with the Commission on October 21, 2013.
** Previously filed as an exhibit to the Schedule TO filed by the Fund with the Commission on November 19, 2013.
Item 13. Information Required by Schedule 13E-3.
Not applicable.
Exhibit 99.(a)(7)
The Turkish Investment Fund, Inc. Announces
Final Results of Tender Offer
(For Immediate Release)
NEW YORK, November 25, 2013 The Turkish Investment Fund, Inc. (NYSE: TKF) (the Fund) announced today that, in accordance with its tender offer for up to 575,318 of its issued and outstanding shares of common stock, which expired on November 18, 2013, the Fund has accepted 575,318 shares for payment on November 26, 2013 at $17.24 per share, which is equal to 98.5 percent of the Funds net asset value per share as of the close of regular trading on the New York Stock Exchange on November 19, 2013. The 575,318 shares represent 10 percent of the Funds outstanding shares. A total of 2,799,285 shares were properly tendered and not withdrawn by November 18, 2013, the final date for withdrawals. Therefore, on a pro rated basis, approximately 20.55 percent of the shares so tendered by each tendering stockholder have been accepted for payment.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 560 investment professionals around the world and $360 billion in assets under management or supervision as of September 30, 2013. 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.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
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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.