Certain Morgan Stanley Closed-End Funds Declare Year-End Dividends

  Certain Morgan Stanley Closed-End Funds Declare Year-End Dividends

Business Wire

NEW YORK -- December 11, 2012

Each of the Morgan Stanley closed-end funds listed below (the “Funds”) today
declared the following dividends.

        RECORD DATE          PAYABLE DATE     
                12/21/12                      1/04/13

                          NYSE     Net Investment   Long-Term
Name of Closed-End Fund  Ticker  Income Per      Capital Gains Per
                                   Share            Share
Morgan Stanley Asia-     APF     $0.101131       --
Pacific Fund, Inc.
Morgan Stanley Emerging  MSD     $0.18*          $0.030102
Markets Debt Fund, Inc.            (Quarterly)
Morgan Stanley Emerging            $0.25*
Markets Domestic Debt    EDD     (Quarterly)     --
Fund, Inc.
Morgan Stanley Emerging  MSF     $0.082102       --
Markets Fund, Inc.
The Latin American       LDF     $0.121492       $0.279948
Discovery Fund, Inc.
The Turkish Investment   TKF     $0.227626       --
Fund, Inc.

For more information call: 1-800-231-2608.

*The amount of net investment income to be paid by the Funds is determined in
accordance with federal income tax regulations. It is possible that all or a
portion of the Funds’ fiscal year 2012 dividend may be a return of capital and
that determination cannot yet be made.

The amount of dividends paid by each of the Funds may vary from time to time.
Past amounts of dividends are no guarantee of future dividend payment amounts.

The final determination of the source and tax characteristics of all
distributions in 2012 will be made after the end of the year.

Investing involves risk and it is possible to lose money on any investment in
the Funds.

Morgan Stanley Investment Management, together with its investment advisory
affiliates, has over 560 investment professionals around the world and $331
billion in assets under management or supervision as of September 30, 2012.
MSIM 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 Firm’s 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.

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.


Morgan Stanley
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