LONDON - Morgan Stanley (NYSE:MS) B.V., a subsidiary of Morgan Stanley, has announced a partial cancellation of several securities, set to take effect on Monday. The notice, dated December 6, 2024, specifies the partial cancellation of amounts for various International Securities Identification Numbers (ISINs), which will adjust the outstanding amounts of these securities.
The cancellations involve a range of securities with different unwind amounts and revised outstanding amounts post-cancellation. For example, one such security with the ISIN XS2575347583 will see a cancellation of $184,000, leaving an outstanding amount of $25,000. Another, under ISIN XS2877245279, will have $500,000 cancelled, resulting in an outstanding amount of $787,000.
In total, the notice listed ten different ISINs with varying degrees of partial cancellation. The settlement date for these adjustments is scheduled for December 9, 2024. Post-cancellation, the smallest outstanding amount will be $25,000, while the largest will be $4,985,000.
Morgan Stanley B.V. has not provided specific reasons for these cancellations in the notice. However, such actions are not uncommon in the financial industry and can be related to a variety of strategic financial management decisions.
This information comes directly from a press release statement distributed by RNS, the news service of the London Stock Exchange (LON:LSEG). RNS is authorized by the Financial Conduct Authority in the UK to serve as a Primary Information Provider.
Investors and interested parties with questions regarding the partial cancellations have been invited to contact Morgan Stanley B.V. for further details. The adjustments to these securities may have implications for investors holding these specific ISINs, and they may wish to review their portfolios in light of these changes.
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