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

NEW YORK--(BUSINESS WIRE)--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

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

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.