NEW YORK--(BUSINESS WIRE)--
The Turkish Investment Fund, Inc. (TKF) (the “Fund”) announced today that, in accordance with its tender offer for up to 575,318 of its issued and outstanding shares of common stock, which expired on November 18, 2013, the Fund has accepted 575,318 shares for payment on November 26, 2013 at $17.24 per share, which is equal to 98.5 percent of the Fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on November 19, 2013. The 575,318 shares represent 10 percent of the Fund’s outstanding shares. A total of 2,799,285 shares were properly tendered and not withdrawn by November 18, 2013, the final date for withdrawals. Therefore, on a pro rated basis, approximately 20.55 percent of the shares so tendered by each tendering stockholder have been accepted for payment.
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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.
Investing involves risk and it is possible to lose money on any investment in the Fund.
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