Morgan Stanley

Morgan Stanley

April 03, 2007 21:50 ET

Morgan Stanley: Press Release

NEW YORK, NEW YORK--(CCNMatthews - April 3, 2007) - This announcement relates to the holdings of Morgan Stanley & Co. Incorporated ("MS&Co.") in Air Canada (TSX:AC) (the "Issuer"). Morgan Stanley is issuing this release in its capacity as the parent holding company of, and indirect beneficial owner of securities held by, MS&Co.

Morgan Stanley announces that on April 2, 2007 it acquired an aggregate of 850,000 Class A Variable Voting Shares (the "Acquired Shares") of the Issuer. Morgan Stanley purchased the Acquired Shares on the Toronto Stock Exchange.

After giving effect to the acquisition noted above, Morgan Stanley owned and controlled 3,000,000 Class A Variable Voting Shares in the aggregate representing approximately 17.75% of the issued and outstanding Class A Variable Voting Shares and 3.00% of the Class A Variable Voting Shares and Class B Voting Shares of the Issuer, taken as a whole (i.e. aggregating the total number of issued and outstanding Class A Variable Voting Shares with the total number of issued and outstanding Class B Voting Shares) based on 16,899,543 Class A Variable Voting Shares issued and outstanding as at April 2, 2007 and 83,100,457 Class B Voting Shares issued and outstanding as at April 2, 2007 according to information available on the Toronto Stock Exchange website on April 3, 2007.

All securities of the Issuer were acquired through transactions made in the ordinary course of business, for investment purposes.

Morgan Stanley will be filing a report under National Instrument 62-103 of the Canadian Securities Administrators in connection with this acquisition. For further information and to obtain copy of such report please contact Mary Claire Delaney, Corporate Communications, at (212) 726-3154.



Morgan Stanley
1585 Broadway
New York, NY 10036

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Morgan Stanley
    Mary Claire Delaney
    Corporate Communications
    (212) 726-3154