(Source: Business Wire)
Each of Morgan Stanley California Insured Municipal Income Trust (NYSE:
IIC), Morgan Stanley California Quality Municipal Securities (NYSE:
IQC), Morgan Stanley Insured California Municipal Securities (NYSE:
ICS), Morgan Stanley Insured Municipal Securities (NYSE: IMS), Morgan
Stanley Insured Municipal Bond Trust (NYSE: IMC), Morgan Stanley Insured
Municipal Income Trust (NYSE: IIM), Morgan Stanley Insured Municipal
Trust (NYSE: IMT), Morgan Stanley Municipal Premium Income Trust (NYSE:
PIA), Morgan Stanley New York Quality Municipal Securities (NYSE: IQN),
Morgan Stanley Quality Municipal Income Trust (NYSE: IQI), Morgan
Stanley Quality Municipal Investment Trust (NYSE: IQT) and Morgan
Stanley Quality Municipal Securities (NYSE: IQM) (each, a "Fund" and
collectively, the "Funds") announced that, effective October 13, 2009,
the Board of Trustees of each Fund approved a change to each Fund's
investment practice to permit each Fund to invest, without limit, in
private placement securities in order to enhance portfolio management
flexibility in managing the Funds.
Morgan Stanley Investment Management, together with its investment
advisory affiliates, has nearly 1,000 investment professionals around
the world and approximately $361 billion in assets under management or
supervision as of June 30, 2009. By leveraging its global community of
boutiques' structure and the strength of Morgan Stanley, 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 37 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.
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