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Morgan Stanley Investment Management Announces Primary Benchmark Index Change for Morgan Stanley Emerging Markets Debt Fund, Inc.

Morgan Stanley Investment Management announced today a primary benchmark index change for Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE: MSD) (the “Fund”). Effective close of business on December 31, 2019, the Fund’s primary benchmark index will change to J.P. Morgan Emerging Markets Bond Index Global Diversified (EMBIGD) Index.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 699 investment professionals around the world and $507 billion in assets under management or supervision as of September 30, 2019. Morgan Stanley Investment Management 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. For further 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 firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, the Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit www.morganstanley.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.

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

Contacts:

For more information: 800.231.2608

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