Morgan Stanley Investment Advisors Inc. (the “Investment Adviser”) today announced that Christian G. Roth, Joseph Mehlman and Virginia Keehan have been named Portfolio Managers for the Morgan Stanley Income Securities Inc. (NYSE: ICB) (the “Fund”). Mr. Roth, Mr. Mehlman and Ms. Keehan are co-portfolio managers and will have primary responsibility for the day-to-day management and the execution of the overall strategy of the Fund’s portfolio.
As a result of the portfolio management changes, the Investment Adviser has entered into a Sub-Advisory Agreement with Morgan Stanley Investment Management Limited (the “Sub-Adviser”), a wholly-owned subsidiary of Morgan Stanley. The Sub-Adviser provides the Fund with investment advisory services subject to the overall supervision of the Investment Adviser and the Fund’s Officers and Directors. The Investment Adviser pays the Sub-Adviser on a monthly basis a portion of the net advisory fees the Investment Adviser receives from the Fund.
Mr. Roth, a Managing Director, has been associated with the Investment Adviser or its investment management affiliates in an investment management capacity since 1991 and began managing the Fund in February 2009. Mr. Mehlman, an Executive Director, has been associated with the Investment Adviser in an investment management capacity since 2002 and began managing the Fund in November 2008. Ms. Keehan, a Vice President, has been associated with the Investment Adviser in an investment management capacity since 2004 and began managing the Fund in November 2008.
Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1000 investment professionals around the world and approximately $399 billion in assets under management or supervision as of November 30, 2008. By leveraging its global ‘community of boutiques’ structure and the strength of Morgan Stanley, 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, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 37 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Contacts:
Morgan Stanley Investment Advisors Inc.
888-421-4015