-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PDhNVXG4OBeOny/ySMhaG3mTw6DCKBv2OtjXD+Hk6BSkJE/H1QC0U682XHJRh9fs HaRiVrZlaJDm3BqeF0KjKw== 0000950123-96-004376.txt : 19960814 0000950123-96-004376.hdr.sgml : 19960814 ACCESSION NUMBER: 0000950123-96-004376 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 4 FILED AS OF DATE: 19960813 SROS: NYSE GROUP MEMBERS: MORGAN STANLEY & CO. INC. GROUP MEMBERS: MORGAN STANLEY GROUP INC /DE/ SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY HIGH YIELD FUND INC CENTRAL INDEX KEY: 0000912734 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45147 FILM NUMBER: 96610772 BUSINESS ADDRESS: STREET 1: 1221 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 BUSINESS PHONE: 6175578742 MAIL ADDRESS: STREET 1: 1221 AVENUES OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10020 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY GROUP INC /DE/ CENTRAL INDEX KEY: 0000789625 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 132838811 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127034000 SC 13G/A 1 AMENDMENT NO. 5 TO SCHEDULE 13G 1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 5 ) Morgan Stanley High Yield Fund Inc. - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of class of securities) 61744M104 - -------------------------------------------------------------------------------- (CUSIP number) Check the following box if a fee is being paid with this statement / / (A fee is not required only if the filing person: (1) has a previous statement on file reporting beneficial ownership of more than five percent of the class of securities described in Item 1; and (2) has filed no amendment subsequent thereto reporting beneficial ownership of five percent or less of such class.) (See Rule 13d-7). The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes). 2 CUSIP No. 61744M104 13G Page 2 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Morgan Stanley Group Inc. IRS # 13-283-8891 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION The state of organization is Delaware. - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER 0 NUMBER OF ------------------------------------------------- SHARES 6 SHARED VOTING POWER BENEFICIALLY 771,291 OWNED BY ------------------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 PERSON WITH ------------------------------------------------- 8 SHARED DISPOSITIVE POWER 771,291 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 771,291 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.84% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* IA, CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT ! 3 CUSIP No. 61744M104 13G Page 3 of 9 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS Morgan Stanley & Co. Incorporated IRS # 13-265-5996 - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / / (b) / / - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION The state of organization is Delaware. - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 0 ---------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY 696,591 ---------------------------------------- EACH 7 SOLE DISPOSITIVE POWER REPORTING 0 ---------------------------------------- PERSON WITH 8 SHARED DISPOSITIVE POWER 696,591 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 696,591 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.99% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON* BD, CO - -------------------------------------------------------------------------------- * SEE INSTRUCTIONS BEFORE FILLING OUT ! 4 CUSIP No. 61744M104 13G Page 4 of 9 Pages Item 1 (a) Name of Issuer Morgan Stanley High Yield Fund Inc. Item 1 (b) Address of issuer's principal executive offices 1221 Avenue of the Americas New York, New York 10020 Item 2 (a) Name of person filing (a) Morgan Stanley & Co. Incorporated (b) Morgan Stanley Group Inc. Item 2 (b) Principal business office (a) 1585 Broadway New York, New York 10036 (b) 1585 Broadway New York, New York 10036 Item 2 (c) Citizenship Incorporated by reference to Item 4 of the cover page, pertaining to each reporting person. Item 2 (d) Title of class of Securities Common Stock Item 2 (e) Cusip No. 61744M104 Item 3 (a) Morgan Stanley Group Inc. is (e) an Investment Adviser registered under section 203 of the Investment Advisers Act of 1940. (b) Morgan Stanley & Co. Incorporated is (a) a Broker-Dealer registered under Section 15 of the Securities Exchange Act of 1934. Item 4 Ownership Incorporated by reference to Items (5) - (9) and (11) of the cover page. 5 CUSIP No. 61744M104 13G Page 5 of 9 Pages Item 5 Ownership of 5 Percent or Less of a Class Inapplicable Item 6 Ownership of More than 5 Percent on Behalf of Another Person Accounts managed on a discretionary basis by Morgan Stanley & Co. Incorporated, a wholly-owned subsidiary of Morgan Stanley Group Inc., are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from, the sale of such securities. No such account holds more than 5 percent of the class. Item 7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company Inapplicable Item 8 Identification and Classification of Members of the Group Inapplicable Item 9 Notice of Dissolution of Group Inapplicable Item 10 Certification By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not havethe effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participantin any transaction having such purpose or effect. 6 CUSIP No. 61744M104 13G Page 6 of 9 Pages After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date : August 9, 1996 Signature : /s/ EDWARD J. JOHNSEN ----------------------------------------------------------- Name / title: Edward J. Johnsen / Vice-President Morgan Stanley & Co. -------------------------------------------------------- Incorporated ------------ MORGAN STANLEY GROUP INC. Date : August 9, 1996 Signature : /s/ EDWARD J. JOHNSEN ----------------------------------------------------------- Name / title: Edward J. Johnsen / Vice-President Morgan Stanley & Co. -------------------------------------------------------- Incorporated MORGAN STANLEY & CO. INCORPORATED INDEX TO EXHIBITS PAGE EXHIBIT 1 Agreement to Make a Joint Filing 7 EXHIBIT 2 Secretary's Certificate Authorizing Edward J. Johnsen to Sign on Behalf of Morgan Stanley Group Inc. 8 EXHIBIT 3 Secretary's Certificate Authorizing Edward J. Johnsen to Sign on Behalf of Morgan Stanley & Co. Incorporated 9 7 EXHIBIT INDEX ------------- EXHIBIT NO. DESCRIPTION - ----------- ----------- EXHIBIT 1 Agreement to Make a Joint Filing EXHIBIT 2 Secretary's Certificate Authorizing Edward J. Johnsen to Sign on Behalf of Morgan Stanley Group Inc. EXHIBIT 3 Secretary's Certificate Aughorizing Edward J. Johnsen to Sign on Behalf of Morgan Stanley & Co. Incorporated EX-99.1 2 AGREEMENT TO MAKE A JOINT FILING 1 13G Page 7 of 9 Pages EXHIBIT 1 TO SCHEDULE 13G ------------------------- August 9, 1996 ----------------- MORGAN STANLEY GROUP INC. and MORGAN STANLEY & CO. INCORPORATED hereby agree that, unless differentiated, this Schedule 13G is filed on behalf of each of the parties. MORGAN STANLEY GROUP INC. BY: /s/ Edward J. Johnsen --------------------------------------------------------------- Edward J. Johnsen, Vice-President Morgan Stanley & Co. Incorporated MORGAN STANLEY & CO. INCORPORATED BY: /s/ Edward J. Johnsen --------------------------------------------------------------- Edward J. Johnsen/ Vice President Morgan Stanley & Co., Incorporated EX-99.2 3 SECRETARY'S CERTIFICATE 1 EXHIBIT 2 Page 8 of 9 Pages SECRETARY'S CERTIFICATE I, Charlene R. Herzer, a duly elected and acting Assistant Secretary of Morgan Stanley Group Inc., a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), certify that the following resolutions were duly and validly adopted by a Consent in Lieu of a Meeting of the Executive Committee of the Board of Directors of the Corporation dated as of October 19, 1995 and that such resolutions are in full force and effect on the date hereof: RESOLVED, that the resolutions adopted on September 8, 1993 and April 17, 1995 relating to signatories to certain reports to be filed with the Securities and Exchange Commission (the "SEC") are superseded in their entirety by these resolutions and Stuart J. M. Breslow, Robert G. Koppenol and Edward J. Johnsen are severally authorized and directed to sign on behalf of the Corporation any reports to be filed under Section 13 and Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, with the Securities and Exchange Commission, such authorizations to cease automatically upon termination of employment with any affiliate of the Corporation; and RESOLVED FURTHER, that all actions heretofore taken by Stuart J. M. Breslow, Robert G. Koppenol and Edward J. Johnsen that are within the authority conferred by the foregoing resolution are approved, ratified and confirmed in all respects. RESOLVED, that any and all actions to be taken, caused to be taken or heretofore taken by any officer of the Corporation in executing any and all documents, agreements and instruments and in taking any and all steps (including the payment of all expenses) deemed by such officer as necessary or desirable to carry out the intents and purposes of the foregoing resolutions are authorized, ratified and confirmed. IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of the Corporation as of the 20th day of October, 1995. /S/ Charlene R. Herzer ------------------------------------ CHARLENE R. HERZER ASSISTANT SECRETARY [SEAL] EX-99.3 4 SECRETARY'S CERTIFICATE 1 PAGE 9 OF 9 PAGES EXHIBIT 3 SECRETARY'S CERTIFICATE I, Charlene R. Herzer, the duly elected and acting Assistant Secretary of Morgan Stanley & Co. Incorporated, a corporation organized and existing under the laws of the State of Delaware (the "Corporation"), certify that the following resolutions were duly and validly adopted by the Executive Committee of the Board of Directors of the Corporation by a Consent in Lieu of Meeting dated September 20, 1995 and that such resolutions are in full force and effect on the date hereof. RESOLVED, that the resolutions adopted on September 16, 1993 relating to signatories on certain reports to be filed with the Securities and Exchange Commission (the "SEC") are superseded in their entirety by these resolutions and Stuart J. M. Breslow, Robert G. Koppenol and Edward J. Johnsen are severally authorized and directed to sign on behalf of the Corporation any reports to be filed under Section 13 and Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations thereunder, with the Securities and Exchange Commission, such authorizations to cease automatically upon termination of employment with the Corporation or any of its affiliates; and RESOLVED FURTHER, that any actions heretofore taken by Stuart J. M. Breslow, Robert G. Koppenol and Edward J. Johnsen in connection with the responsibilities noted in the preceding resolution are ratified, approved and confirmed. IN WITNESS WHEREOF, I have hereunto set my name and affixed the seal of the Corporation as of the 9th day of October, 1995. /s/ Charlene R. Herzer ---------------------------------- [SEAL] Charlene R. Herzer Assistant Secretary -----END PRIVACY-ENHANCED MESSAGE-----