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Morgan Stanley New York Quality Municipal Securities Announces Results of Special Meeting of Shareholders

^{Published on 2010-05-12 13:31:35 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Morgan Stanley New York Quality Municipal Securities (NYSE: IQN) (the aFunda) is pleased to announce that the Funda™s shareholders approved a substantially new Board for the Fund and a new investment advisory agreement and master sub-advisory agreement for the Fund with Invesco Advisers, Inc. and various affiliated sub-advisers at a Special Meeting of Shareholders of the Fund adjourned to May 11, 2010.

On October 19, 2009, Morgan Stanley announced that it had entered into a definitive agreement to sell substantially all of its retail asset management business to Invesco Ltd., a leading global investment management company (the aTransactiona). The effectiveness of the new investment advisory agreement and master sub-advisory agreement for the Fund will take effect upon the consummation of the Transaction, which is currently expected to occur in mid-2010.

Morgan Stanley Investment Advisors Inc. (aMSIAa) is the investment adviser for the Fund. MSIA, together with its investment advisory affiliates, has nearly 1,000 investment professionals around the world and approximately $395 billion in assets under management or supervision as of March 31, 2010¹. By leveraging its global acommunity of boutiquesa™ structure and the strength of Morgan Stanley, MSIA 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 1,300 offices in 42 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.

¹ Amount includes the Retail Asset Management business, including Van Kampen, which is expected to be sold to Invesco, Ltd.