| Ticker: RNE | 1221 Avenue of the Americas | |
| Exchange: New York Stock Exchange | New York, New York 10020 | |
| Industry: Financial | (212) 296-7100 |
| Type of Shares: | Common Shares | Filing Date: | 8/12/96 | |
| U.S. Shares: | 5,000,000 | Offer Date: | 9/24/96 | |
| Non-U.S. Shares: | 0 | Filing Price: | $20.00 | |
| Primary Shares: | 5,000,000 | Offer Price: | $20.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $100,000,000 | Selling: | $0.00 | |
| Expenses: | $420,000 | Reallowance: | $0.00 | |
| Shares Out After: | 5,000,000 | |||
| Type of fund: | Regional | |||
| Manager | Tier | Phone |
| Morgan Stanley & Co. Incorporated | Lead Manager | (212) 703-4797 |
| A.G. Edwards & Sons, Inc. | Co-manager | (314) 289-3000 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Donaldson, Lufkin & Jenrette Securities Corp. | Co-manager | (212) 504-4525 |
| Everen Securities, Inc. | Co-manager | (312) 574-6000 |
| Fahnestock & Co. Inc. | Co-manager | (212) 668-8000 |
| Auditor: Price Waterhouse | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 9/12/96 | |||||
| Revenue: | Assets: | $0.18 | |||
| Net Income: | Liabilities: | $0.08 | |||
| EPS: | Equity: | $0.10 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is long-term capital appreciation. The Fund intends to invest primarily in equity securities of issuers that, in the opinion of Morgan Stanley Asset Management Inc., are likely to benefit from market and political developments in Russia, the other former Soviet Republics and in other countries in Central and Eastern Europe. The Fund also may invest, from time to time, in debt securities issued or guaranteed by the governments of or governmental entities in those countries. It is the policy of the Fund, under normal market conditions, to invest substantially all, but not less than 65%, of its total assets in equity securities of Russian and other RNE country issuers and in Sovereign Debt. The Fund expects that, from time to time, a significant portion of its assets will be invested in the securities of Russian issuers. |
| Use of Proceeds |
| The proceeds from the proposed offering will be invested in accordance with the stated objectives of the fund. |
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