Important reminder regarding January 11, 2009 Auction Rate Securities Repurchase Offer acceptance deadline:
If you are eligible for Morgan Stanley's Auction Rate Securities repurchase offer and wish to accept our offer, you must do so by 11:59 p.m. EST on January 11, 2009. If you do not, you will be deemed to have rejected this offer unless you hold your eligible auction rate securities in an advisory account over which Morgan Stanley exercises discretion. Please refer to the applicable Offer to Purchase and related documentation below for more information on the terms of the repurchase offer and procedures for accepting the offer.
Morgan Stanley is offering to purchase certain auction rate securities sold by Morgan Stanley prior to February 13, 2008 in accordance with the terms of the Offer to Purchase. Please read the Offer to Purchase and the Acceptance Form carefully as they set out the requirements for this offer, including the January 11, 2009 final deadline:
To help you understand this offer, we have also established a Morgan Stanley Auction Rate Securities Call Center at (800) 566-2273. Call Center representatives will be available to answer any questions you may have about the procedures for the offer.
You are not obligated to accept this offer, which is made only in accordance with the terms set forth in the Offer to Purchase, nor are you required to take any action unless you wish to accept the offer. However, please note that if Morgan Stanley is authorized to exercise discretion with respect to your account, we may take action to accept the offer on your behalf unless you indicate otherwise.
If you elect to participate, you may tender your eligible securities via email, fax or over the phone through the Auction Rate Securities Call Center.
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Eligible Securities Information |
As explained in the Offer to Purchase, Morgan Stanley has agreed to repurchase Eligible Securities from Eligible Holders. If you are an Eligible Holder as defined in the Offer to Purchase, you can determine if your auction rate securities are eligible for repurchase, and can view security-specific information for your Eligible Securities, by entering the CUSIP in the field(s) below:
Questions? Call the Morgan Stanley Auction Rate Securities Call Center at 1-800-566-2273.
| CUSIP |
Issue
Name |
Credit
Rating |
Reset
Frequency
(Days) |
Next
Reset
Date |
Current
Rate |
Next
Purchase
Date* |
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You may also click
here to see a comprehensive list of CUSIPS of all auction rate securities that are eligible for repurchase.
* For information on future purchase dates, please contact the Morgan Stanley Auction Rate Securities Call Center.
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Important Disclosures Regarding Information for Eligible Securities
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This material has been prepared by or is based upon information provided by an entity other than Morgan Stanley & Co. Incorporated or its affiliates, and is being furnished to you for informational purposes. This information is subject to change at any time. You should read the entire Offer to Purchase carefully, including the Risk Factors contained therein, before making any decision about whether to tender your auction rate securities.
Our providing you with this material does not imply that we have independently verified any of this information. Neither we nor any of our affiliates make any representation or warranty, express or implied, in relation to the accuracy or completeness of the information contained herein or any oral information provided in connection herewith, or any data it generates and accept no responsibility, obligation or liability (whether direct or indirect, in contract, tort or otherwise) in relation to any of such information.
The rates shown in the “Current Rate” column are the rates set as of each security’s most recent prior auction date, as calculated by the Auction Agent. The rate applicable to any future reset period may vary from the rates shown. Past performance is not necessarily indicative of future performance.
As a Broker-Dealer for the transactions listed in this material, Morgan Stanley does not have an obligation to perform calculations of auction clearing rates, maximum rates, or all-hold rates. The Auction Agent would perform these calculations. If you have questions regarding the rates shown for any of the securities included in this material, please refer to the security’s offering documents.
Issuers and Auction Agents may determine to take action with respect to these securities without notice to us.
In some instances, the credit rating(s) shown above may be based on the issuer's credit rating and not the credit rating of the specific security purchased or sold. Click
here for an explanation of credit ratings for bonds.
