Morgan Stanley Stock Price, News & Analysis

Eaton Vance Municipal Bond Fund (EIM) has announced preliminary results of its cash tender offer that expired on January 10, 2025. The Fund offered to purchase up to 2,846,127 common shares, representing 5% of its outstanding common shares. The tender offer received 15,329,957 properly tendered shares at a purchase price of $10.7664 per share, which equals 98% of the Fund's NAV as of January 10, 2025.

Due to the tender offer being oversubscribed, with more shares tendered than offered for purchase, the Fund will implement a pro-rata allocation system for the properly tendered shares. Final results are expected to be announced around January 14, 2025. EQ Fund Solutions, serves as the information agent for the tender offer.

Morgan Stanley (MS) has announced the appointment of 173 new Managing Directors. The extensive list of promotions spans across various regions and departments, representing a significant expansion of the firm's senior leadership team. The appointments include professionals from diverse backgrounds and expertise areas, demonstrating Morgan Stanley's commitment to strengthening its management structure.

Morgan Stanley Investment Management (MSIM) has announced its participation, through its 1GT private climate equity strategy, in a €115 million fundraise for XOCEAN, a leading ocean data provider for offshore energy sectors. The investment consortium includes S2G Ventures, Climate Investment, and Crown Family's CC Industries.

Founded in Ireland in 2017, XOCEAN revolutionizes offshore data collection using Uncrewed Surface Vessels (USVs), which emit just 0.1% of the CO2 compared to traditional manned vessels. The company has already collected over 4.9 million gigabytes of data, supporting 48.6 GWs of offshore wind development across 23 jurisdictions. XOCEAN serves major energy companies including SSE Renewables, Ørsted, BP, and Shell.

The investment aims to accelerate XOCEAN's growth in providing high-quality geophysical data solutions for the blue economy. This aligns with MSIM's 1GT strategy, part of its $240 billion alternative investments business, which targets investments in companies that will collectively avoid or remove one gigaton of CO2e emissions.

Eaton Vance Municipal Bond Fund (NYSE American: EIM) has announced an extension of its cash tender offer. The tender offer allows shareholders to sell up to 5% of the Fund's outstanding common shares at 98% of its net asset value (NAV) per share. The offer's expiration has been extended from January 9, 2025, to January 10, 2025, at 5:00 p.m. Eastern Time.

The extension is due to the closure of federal agencies and NYSE Group markets on January 9, 2025. Shareholders maintain the right to withdraw tendered shares until the new deadline. EQ Fund Solutions, serves as the information agent for the tender offer and can be contacted toll-free at 1-877-732-3614 for any questions.

Morgan Stanley Real Estate Investing (MSREI) has partnered with Brightview Senior Living to acquire a portfolio of eight premium senior housing communities from Harrison Street. The portfolio consists of 1,186 units across Baltimore, Philadelphia, Providence, and Boston metropolitan areas. Brightview will continue operating these communities.

The acquisition aligns with demographic trends, as nearly all 69 million baby boomers will reach 70 or older by 2033. MSREI funds have been actively investing in senior housing since the COVID-19 pandemic and currently have ownership interests in approximately 30 senior living communities with nearly 3,000 units across the United States.

Morgan Stanley has selected Wise Platform to enhance its foreign exchange international settlement capabilities for corporate customers, becoming the first investment bank to enable these corporate payment capabilities through Wise's infrastructure.

The integration combines Wise's advanced payments technology with Morgan Stanley's integrated approach to provide fast, cost-effective cross-border settlements. Wise Platform offers instant completion for 63% of cross-border payments in under 20 seconds, supported by 65+ licenses and 6 direct payment system connections.

This collaboration will complement Morgan Stanley's existing transactional foreign exchange services for corporate and institutional clients, leveraging Wise's local connectivity to reduce implementation timelines while maintaining service quality.

KBRA has assigned a BBB rating with a Stable outlook to Morgan Stanley Direct Lending Fund (MSDL). The rating reflects MSDL's strong connection to Morgan Stanley Asset Management's $1.5 trillion AUM and its access to MS's ecosystem. As of Q3 2024, MSDL maintains a $3.6 billion investment portfolio, with 96% in senior secured first lien loans across 200 companies in 33 industries. The portfolio shows solid asset quality with only 0.2% of investments on nonaccrual status. MSDL operates with a gross leverage of 0.99x and has $1.1 billion in bank credit availability. The company completed its IPO on January 26, 2024, and operates as a Business Development Company (BDC).

Morgan Stanley Infrastructure Partners (MSIP) has announced an agreement to sell its 50% stake in Larus Holding , the owner of Höegh Evi , to Igneo Infrastructure Partners. The Høegh Family will retain their 50% ownership through Aequitas Under MSIP's co-ownership, Höegh Evi, a leading operator of Floating Storage and Regasification Units (FSRUs) and LNG Carrier vessels, underwent strategic realignment focusing on clean energy infrastructure. The company is developing floating solutions for Carbon Capture and Storage, ammonia, and hydrogen segments, with plans to convert to hybrid FSRUs by 2028. Notable transactions include the company's delisting from the Oslo Stock Exchange in May 2021 and taking private Höegh LNG Partners LP from NYSE in September 2022.

Eaton Vance Municipal Bond Fund (EIM) has announced a cash tender offer for up to 5% of its outstanding common shares. The offer price will be 98% of the fund's net asset value per share, determined at the close of trading on the expiration date of January 9, 2025.

If the tender offer is oversubscribed, shares will be purchased on a pro-rata basis. During the tender offer period, the Fund may sell portfolio instruments to raise cash, potentially resulting in a temporarily higher cash position. The Fund reserves the right not to accept tendered shares under various circumstances as detailed in the offering materials.