The information or opinions contained herein should not be construed as an offer to sell or the solicitation of an offer to buy any security nor shall any such security be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. The information contained herein is descriptive of the operations of Morgan Stanley Investment Management as a whole and the services, securities and financial instruments described may not be available to or suitable for investment. Not all strategies are appropriate at all times. The opinions expressed herein do not constitute investment advice. No representation is made that the information contained herein is accurate or complete.

Please refer to the Section 16 Filings page in our Legal section for additional disclosure of Closed End Fund ownership.