Morgan Stanley Investment Management Announces Schedule for Quarterly Closed-End Funds Conference Call Series

Morgan Stanley Investment Management (MSIM) today announced a schedule for its quarterly closed-end funds conference call series. Members of the investment teams will discuss each fund’s strategy and portfolio composition, as well as current market fundamentals and long-term trends during the conference calls.

All calls are open to the general public and call times are Eastern Time. The schedule is as follows:

Morgan Stanley Investment Management Inc. is the investment adviser for the Funds. MSIM, together with its investment advisory affiliates, has more than 640 investment professionals around the world and approximately $284 billion in assets under management or supervision as of March 31, 2011. 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 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com/im.

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.