Thursday, March 6, 2008

Morgan Stanley's March 2008 Auction Rate Disclosure

"Important Notice Regarding Pricing of Auction Rate Securities"

"Due to recent market conditions, certain auction rate securities are experiencing no or limited liquidity. Therefore, the price(s) for any auction rate securities shown on this statement may not reflect the price(s) you would receive upon a sale at auction or in a secondary market transaction. There can be no assurance that a successful auction will occur or that a secondary market exists or will develop for a particular security. Please contact your financial advisor for more information about current conditions in the auction rate securities market."

No comments: