Morgan Stanley Investment Management announces a portfolio management change for Morgan Stanley Emerging Markets Debt Fund, Inc. and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.

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NEW YORK, July 19, 2022–(BUSINESS WIRE)–Morgan Stanley Investment Management today announced a portfolio management change for Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. ( NYSE: EDD) (the funds”). The Sub-Funds are managed by the Emerging Markets Debt team of Morgan Stanley Investment Management Inc. (the “Advisor”). The team is made up of portfolio managers and analysts.

The current team members jointly and primarily responsible for the day-to-day management of the Funds are Warren Mar, Managing Director of Morgan Stanley Investment Management Limited (“MSIM Limited”) and Sahil Tandon, Managing Director of MSIM Limited. Mr. Mar has been associated with MSIM Limited as Investment Manager since February 2020. Prior to February 2020, Mr. Mar was associated with the Advisor as Investment Manager since August 2012. Mr. Mar began managing the Funds in December 2014. Mr. Tandon has been associated with MSIM Limited as Investment Manager since August 2019. Prior to August 2019, Mr. Tandon was associated with the Advisor as Investment Manager since 2004. Mr. Tandon began managing the Funds in October 2015. Effective September 30, 2022, Warren Mar will no longer act as portfolio manager of the Funds. Sahil Tandon will remain portfolio manager of the Funds.

Effective today, Akbar Causer, Managing Director of the Advisor, Kyle Lee and Federico Sequeda, each Executive Director of the Advisor, will begin serving as portfolio managers of Morgan Stanley Emerging Markets Debt Fund, Inc. Mr. Causer has been associated with the Advisor or its affiliates as investment manager since April 2017. Mr. Lee has been associated with the Advisor or its affiliates as investment manager since July 2007. Mr. Sequeda is associated with the Advisor or its affiliates companies affiliated with an investment company management capacity since September 2010.

Effective immediately, Brian Shaw and Patrick Campbell, executive directors of the adviser, will begin serving as portfolio managers of Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. Mr. Shaw is associated with the adviser or its companies Affiliates as Investment Manager since December 2008. Mr. Campbell has been associated with the Advisor or its affiliates as Investment Manager since June 2008.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 752 investment professionals worldwide and $1.4 trillion in assets under management or supervision as of June 30, 2022. Morgan Stanley Investment Management s strives to deliver exceptional long-term investment performance. , a comprehensive service and suite of investment management solutions to a diverse customer base, which includes governments, institutions, corporations and individuals worldwide. For more information about Morgan Stanley Investment Management, please visit www.morganstanley.com/im.

About Morgan Stanley

Morgan Stanley (NYSE: MS) is a leading global financial services company providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the company’s employees serve customers around the world, including businesses, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in any state in which such offer, solicitation or sale would be unlawful under the laws of the securities of such a State.

Investing involves risk and it is possible to lose money on any investment in the Funds.

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