As filed with the Securities and Exchange Commission on May 12, 2005
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Schedule
TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(4)
of the Securities Exchange Act of 1934
(Amendment No. )
The Latin American Discovery Fund, Inc.
(Name of Subject Company (issuer))
The Latin American Discovery Fund, Inc.
(Names of Filing Persons (offeror and issuer))
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
51828C 10 6
(CUSIP Number of Class of Securities)
Ronald E. Robison
Morgan Stanley Investment Management Inc.
1221 Avenue of the Americas
New York, New York 10020
(212) 762-5330
(Name, address, and telephone number of person authorized to receive
notices and communications on behalf of filing persons)
with a copy to:
Leonard B. Mackey, Jr.
Clifford Chance US LLP
31 West 52nd Street
New York, New York 10019
Calculation of Filing Fee
Transaction Valuation | Amount of Filing Fee | |
* | Set forth the amount on which the filing fee is calculated and state how it was determined. |
¨ | 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:
Form or Registration No.:
Filing Party:
Date Filed:
x | 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:
¨ | third-party tender offer subject to Rule 14d-1. |
x | issuer tender offer subject to Rule 13e-4. |
¨ | going-private transactions subject to Rule 13e-3. |
¨ | 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:¨
The Latin American Discovery Fund, Inc.
(For Immediate Release)
New York, New York, May 11, 2005 – The Latin American Discovery Fund, Inc. (NYSE: LDF) (the “Fund”) announced today that its tender offer (the “Tender Offer”) for up to 10% of the Fund’s outstanding shares of common stock will commence on or about May 16, 2005 and terminate on or about June 15, 2005. As announced on January 28, 2005, the Tender Offer will be conducted at a price equal to 95% of the Fund’s net asset value per share (“NAV”) on the last day of the tender period (or as otherwise permitted by the rules of the Securities and Exchange Commission (the “SEC”)).
The Tender Offer will be made and stockholders will be notified in accordance with the requirements of the Securities Exchange Act of 1934, as amended (the “1934 Act”), and the Investment Company Act of 1940, as amended, either by publication or mailing or both. The offering documents will contain such information as is prescribed by such laws and the rules and regulations promulgated thereunder.
In connection with the Tender Offer, the Fund announced that, pursuant to the 1934 Act, it has temporarily suspended its purchases of shares in the open market pursuant to the Fund’s share repurchase program which commenced on September 15, 1998. Under that program, the Fund is permitted to purchase Fund shares in the open market at times and prices determined by management to be in the best interests of the stockholders of the Fund. The Fund will be permitted and intends to resume the purchase of shares in the open market pursuant to the Fund’s share repurchase program after the termination of the Tender Offer.
The Fund is a non-diversified, closed-end management investment company, the shares of which are listed on the NYSE (LDF). The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of Latin American issuers and by investing, from time to time, in debt securities issued or guaranteed by Latin American governments or governmental entities. Morgan Stanley Investment Management Inc. is the Fund’s investment manager.
This announcement is not an offer to purchase or solicitation of an offer to sell shares of the Fund. The offer is made only by the Offer for Cash and the related Letter of Transmittal. Holders of Fund shares should read these documents when they are available because they contain important information. These and other filed documents will be available to investors for free both at the SEC’s website and from the Fund. The offer is not being made to, nor will tenders be accepted from or on behalf of, holders of shares in any jurisdiction in which making or accepting the offer would violate that jurisdiction’s laws.
For further information regarding the Tender Offer, please contact Georgeson Shareholder Communications Inc., 17 State Street, New York, New York, at (800) 819-0052 ext. 615.