October 22, 2016 10:23 AM ET

Capital Markets

Company Overview of The Latin American Discovery Fund, Inc.

Company Overview

The Latin American Discovery Fund, Inc. is a closed-ended fund launched and managed by Morgan Stanley Investment Management Inc. The fund is co-managed by Morgan Stanley Investment Management Limited. It invests in the public equity and fixed income markets of Latin America. The fund invests in companies operating across diversified sectors. It invests in debt securities issued or guaranteed by a Latin American government or governmental entity. The fund benchmarks the performance of its portfolio against the Morgan Stanley Capital International Emerging Markets Free Latin America Index. The Latin American Discovery Fund, Inc.was formed on Jun 23, 1992 and is domiciled in the United States.

522 Fifth Avenue

New York, NY 10036

United States

Founded in 1992

Key Executives for The Latin American Discovery Fund, Inc.

Principal Executive Officer and President
Age: 52
Chief Financial Officer and Treasurer
Age: 50
Age: 49
Vice President
Age: 50
Portfolio Manager
Compensation as of Fiscal Year 2016.

The Latin American Discovery Fund, Inc. Key Developments

The Latin American Discovery Fund, Inc. Announces the Resignation of Directors

The Latin American Discovery Fund, Inc. announced that Messrs. Bowman, Higgins and Johnson have resigned, effective July 26, 2016, as Class III Directors of the Fund as the Fund does not expect that they will receive the required vote to be re-elected by stockholders of the Fund. In addition, Messrs. Nugent and Reid have resigned as Class I Directors of the Fund, effective July 26, 2016, in order to realign the class structure of the Fund, and have been appointed by the Board as Class III Directors of the Fund, effective July 27, 2016. The Board has decreased the size of Class I and Class III to two Directors each, effective July 27, 2016 after the Meeting concludes and only Jakki L. Haussler, currently in Class II, is being considered for election at the adjourned Meeting with respect to the fund.

Morgan Stanley Investment Management Announces Portfolio Management Changes for the Latin American Discovery Fund, Inc

Morgan Stanley Investment Management announced portfolio management changes for The Latin American Discovery Fund, Inc. The team consists of portfolio managers, analysts and traders. Effective June 30, 2016, the member of the team primarily responsible for the day-to-day management of the Fund is Gaite Ali, a Managing Director of the Adviser. Ms. Ali has been associated with the Adviser in an investment management capacity since 2007 and was named as a member of the Fund’s portfolio management team in February 2011.

Latin American Discovery Fund Inc. Declares Mid-Year Dividend, Payable on July 15, 2016

Latin American Discovery Fund Inc. declared mid-year dividend of $0.003141 per net investment income per share. The dividend is payable on July 15, 2016 with the record date of June 30, 2015.

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