Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2001-11-07 | MICHAEL E. NUGENT, Trustee/Director since July 1991*; age 65; General Partner, Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Morgan Stanley Funds and the TCW/DW Term Trusts; director/trustee of various investment companies managed by Morgan Stanley Investment Management Inc. and Morgan Stanley Investments LP (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation; director of various business organizations. |
| 2002-11-12 | Michael E. Nugent (66) Chairman of the Insurance Committee and Director or Trustee of the Morgan Stanley Funds and TCW/DW Term Trusts; director/trustee of various investment companies managed by Morgan Stanley Investment Management Inc. and Morgan Stanley Investments LP (since July 2001); General Partner, Triumph Capital, L.P., a private investment partnership; formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). |
| 2003-11-13 | Michael E. Nugent (67) Trustee/Director Since July 1991; Independent Trustee/Director; Chairman of the Insurance Committee; Compensation: $296,475 for services to the Morgan Stanley Fund Complex; Committees: Audit Committee, Insurance Committee. |
| 2004-11-12 | Michael E. Nugent (68) Trustee/Director Since Inception of the Trusts General Partner of Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). The members of the Audit Committee of each Fund are currently Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Dr. Manuel H. Johnson, Joseph J. Kearns, Michael E. Nugent and Fergus Reid. The Insurance Committee currently consists of Messrs. Nugent, Fiumefreddo and Hedien. |
| 2005-11-14 | Michael E. Nugent (69) Trustee/ Director Since July 1991 General Partner of Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). Seven of the current nine Trustees/Directors (Michael Bozic, Edwin J. Garn, Wayne E. Hedien, Manuel H. Johnson, Joseph J. Kearns, Michael E. Nugent and Fergus Reid) are "Independent Trustees" or "Independent Directors"... All of the Independent Trustees/Directors serve as members of the Audit Committee... The Board of Trustees/Directors of each Fund has formed an Insurance Committee to review and monitor the insurance coverage maintained by the Funds. The Insurance Committee currently consists of Messrs. Nugent, Fiumefreddo and Hedien. Messrs. Nugent and Hedien are Independent Trustees. The current Chariman of the Insurance Committee is Mr. Michael E. Nugent... The following table shows aggregate compensation payable to each Fund's Trustees/Directors... Michael E. Nugent... $208,000. |
| 2006-11-15 | Michael E. Nugent (70)... Chairman of the Boards and Nominee/Trustee/Director... Member of the Audit Committee... Member of the Investment Committee... Member of the Equity Sub-Committee of the Investment Committee... Total Compensation from the Fund: 338 (ICB), 221 (OIA)... Total Compensation from the Fund Complex: $210,000. |
| 2007-11-05 | Michael E. Nugent (71) ... Chairperson of the Board and Nominee/Trustee/Director ... Chairperson of the Boards since July 2006 ... Member of the Audit Committee ... Member of the Investment Committee ... Member of the Equity Sub-Committee ... Compensation: ICB $374, OIA $403, Fund Complex $285,000. |
| 2008-10-30 | Michael E. Nugent (72) ... Chairperson of the Boards and Nominee/Trustee/Director ... Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006) ... Member of the Audit Committee and Investment Committee ... Chairperson of the Equity Sub-Committee ... Total Compensation from the Fund Complex $370,000. |
| 2009-11-04 | Michael E. Nugent (73) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Board and Nominee/ Trustee/ Director Chairperson of the Boards since July 2006 and Trustee/Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). The members of the Audit Committee of each Fund are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Funds' Audit Committee is an "interested person," as defined under the 1940 Act, of any of the Funds (with such disinterested Trustees/Directors being "Independent Trustees/Directors" or individually, "Independent Trustee/Director"). Each Independent Trustee/Director is also "independent" from each Fund under the listing standards of the New York Stock Exchange, Inc. ("NYSE"). The Chairperson of the Audit Committee of each of the Funds is Joseph J. Kearns. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Chairperson of the Investment Committee is Manuel H. Johnson. The Chairperson of the Boards receives an additional annual retainer fee of $60,000. Other Committee Chairpersons receive an additional annual retainer fee of $30,000 and the Investment Sub-Committee Chairpersons receive an additional annual retainer fee of $15,000. The aggregate compensation paid to each Trustee/Director is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent receives a total annual retainer fee of $400,000. |
| 2010-02-26 | Michael E. Nugent (73) Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Morgan Stanley Retail Funds and Morgan Stanley Institutional Funds (since July 2006). |
| Filing Date | Source Excerpt |
|---|---|
| 2001-08-16 | MICHAEL E. NUGENT, Trustee since July 1991*; age 65; General Partner, Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Morgan Stanley Funds and the TCW/DW Term Trusts; Director of various investment companies managed by Morgan Stanley Investment Management Inc. and Morgan Stanley Investments LP (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation; director of various business organizations. |
| 2002-08-28 | Michael E. Nugent (65) Trustee Trustee since July 1991 ... Michael E. Nugent ............. 2,100 762 10 60.44 1,209 ... Michael E. Nugent ............. 10 60.44 38,472 64,157 ... Michael E. Nugent ............. 228,362 |
| 2003-09-12 | Michael E. Nugent (67) Chairman of the Insurance Committee and Director or Trustee of the Retail Funds and TCW/DW Term Trust 2003 (since July 1991) and the Institutional Funds (since July 2001); General Partner of Triumph Capital, L.P., a private investment partnership. Michael E. Nugent received $296,475 in total cash compensation for services to the Morgan Stanley Fund Complex. |
| 2004-09-14 | Michael E. Nugent (68) Trustee Since Inception of the Trusts... Member of the Audit Committee... Chairman of the Insurance Committee... Cash compensation from Fund Complex: $277,441. |
| 2005-09-21 | Michael E. Nugent (69) General Partner of Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). Michael E. Nugent receives an annual retainer fee of $168,000 plus $30,000 as Chairman of the Insurance Committee, totaling $208,000 in 2004. |
| 2006-09-13 | Michael E. Nugent (70) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairman of the Board and Nominee/Trustee Since July 1991 General Partner of Triumph Capital, L.P., a private investment partnership; Chairman of the Board (since July 2006) and Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Chairman of the Insurance Committee (until July 2006) and Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). |
| 2007-09-11 | Michael E. Nugent (71) ... Chairperson of the Boards and Nominee/Trustee ... Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006) ... Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001) ... The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed ... The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns ... The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed ... Michael E. Nugent total compensation from Fund Complex is $285,000. |
| 2008-08-29 | Michael E. Nugent (72) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Board and Trustee Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). None. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). |
| 2009-09-14 | Michael E. Nugent (73) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and money market/alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. |
| 2010-02-26 | Michael E. Nugent (73) Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Morgan Stanley Retail Funds and Morgan Stanley Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Morgan Stanley Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). |
| Filing Date | Source Excerpt |
|---|---|
| 2001-08-16 | MICHAEL E. NUGENT, Trustee since July 1991*; age 65; General Partner, Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Morgan Stanley Funds and the TCW/DW Term Trusts; Director of various investment companies managed by Morgan Stanley Investment Management Inc. and Morgan Stanley Investments LP (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation; director of various business organizations. |
| 2002-08-28 | Michael E. Nugent (65) Trustee Trustee since July 1991 All of the Independent Trustees serve as members of the Audit Committee. In addition, six of the Trustees, including all of the Independent Trustees, also serve as members of the Derivatives Committee. Three Trustees, including two Independent Trustees, serve as members of the Insurance Committee. Michael E. Nugent ............. 2,100 762 10 60.44 1,209 |
| 2003-09-12 | Michael E. Nugent (67) Chairman of the Insurance Committee and Director or Trustee of the Retail Funds and TCW/DW Term Trust 2003 (since July 1991) and the Institutional Funds (since July 2001); General Partner of Triumph Capital, L.P., a private investment partnership; formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). Compensation: $296,475. |
| 2004-09-14 | Michael E. Nugent (68) Trustee Since Inception of the Trusts... Chairman of the Insurance Committee... Member of the Audit Committee... Cash compensation from Fund Complex: $277,441. |
| 2005-09-21 | Michael E. Nugent (69) General Partner of Triumph Capital, L.P., a private investment partnership; Chairman of the Insurance Committee and Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). Each Independent Trustee receives an annual retainer fee of $168,000 for serving the Retail Funds and Institutional Funds. In addition, each Independent Trustee receives $2,000 for attending each of the four quarterly board meetings and two performance meetings that occur each year, so that an Independent Trustee who attended all six meetings would receive total compensation of $180,000 for serving the Trusts. The Chairman of the Audit Committee receives an additional annual retainer fee of $60,000. Other Committee Chairmen and the Deputy Chairman of the Audit Committee receive an additional annual retainer fee of $30,000. The aggregate compensation paid to each Independent Trustee is paid by the Retail Funds and Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and Institutional Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent is a member of the Audit Committee and the Insurance Committee. |
| 2006-09-13 | Michael E. Nugent (70) ... Chairman of the Board and Nominee/Trustee ... Chairman of the Board (since July 2006) ... member of the Audit Committee ... member of the Insurance Committee ... Total compensation from the Fund Complex 210,000. |
| 2007-09-11 | Michael E. Nugent (71) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Boards and Nominee/ Trustee Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006); Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). The members of the Audit Committee of each Trust are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (NYSE). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees for each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsiblities. A copy of the Audit Committee Charter is attached to this Joint Proxy Statement as Appendix 1. The Investment Committee oversees the portfolio investment process for and reviews the performance of each Trust. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, Fergus Reid and W. Allen Reed. The Chairperson of the Investment Committee is Manuel H. Johnson. The Investment Committee has three Sub-Committees, each with its own Chairperson. Each Sub-Committee focuses on the Trusts’ primary areas of investment, namely equities, fixed income and alternatives. The Sub-Committees and their members are as follows: (1) Equity – W. Allen Reed (Chairperson), Frank L. Bowman and Michael E. Nugent. (2) Fixed-Income – Michael F. Klein (Chairperson), Michael Bozic and Fergus Reid. (3) Money Market and Alternatives – Kathleen A. Dennis (Chairperson), James F. Higgins and Joseph J. Kearns. The Investment Committee and the Sub-Committees of the Investment Committee were formed in October 2006. The following table shows aggregate compensation payable to each of the Trustees from each Trust for the fiscal year ended October 31, 2006 and the aggregate compensation payable to each of the Trust’s Trustees by the Fund Complex (which includes all of the Retail and Institutional Funds) for the calendar year ended December 31, 2006. Michael E. Nugent received $285,000 from the Fund Complex. |
| 2008-08-29 | Michael E. Nugent (72) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Board and Trustee Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). None. The Board of Trustees of each Trust has a separately-designated standing Audit Committee established in accordance with Section 3(a)(58)(A) of the Securities Exchange Act of 1934, as amended. Each Audit Committee is charged with recommending to the full Board the engagement or discharge of the Trusts’ independent registered public accounting firm; directing investigations into matters within the scope of the independent registered public accounting firms’ duties, including the power to retain outside specialists; reviewing with the independent registered public accounting firm the audit plan and results of the auditing engagement; approving professional services provided by the independent registered public accounting firm and other accounting firms prior to the performance of such services; reviewing the independence of the independent registered public accounting firm; considering the range of audit and non-audit fees; reviewing the adequacy of each Trust’s system of internal controls; and preparing and submitting committee meeting minutes to the full Board. The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees for each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsibilities. A copy of the Audit Committee Charter is attached to the 2007 Joint Proxy Statement for the Trusts filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2007. Effective October 1, 2007, each Trustee (except for the Chairperson of the Boards) receives an annual retainer fee of $200,000 for serving the Retail Funds and the Institutional Funds. Prior to October 1, 2007, each Trustee (except for the Chairperson of the Boards) received an annual retainer fee of $180,000 for serving the Retail Funds and the Institutional Funds. Michael E. Nugent total annual compensation from the Fund Complex is $370,000. |
| 2009-09-14 | Michael E. Nugent (73) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). The members of the Audit Committee of each Trust are Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. None of the members of the Trusts’ Audit Committees is an “interested person,” as defined under the 1940 Act, of any of the Trusts (with such disinterested Trustees being “Independent Trustees” or individually, “Independent Trustee”). Each Independent Trustee is also “independent” from each Trust under the listing standards of the New York Stock Exchange, Inc. (“NYSE”). The Chairperson of the Audit Committees of each of the Trusts is Joseph J. Kearns. The Board of Trustees of each Trust has adopted a formal written charter for the Audit Committee which sets forth the Audit Committee’s responsibilities. A copy of the Audit Committee Charter is attached to this Joint Proxy Statement as Exhibit A. The aggregate compensation paid to each Trustee is paid by the Retail Funds and the Institutional Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Retail Funds and the Institutional Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent receives a total annual retainer fee of $400,000. |
| 2010-02-26 | Michael E. Nugent (73) Chairperson of the Boards since July 2006 and Trustee since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Morgan Stanley Retail Funds and Morgan Stanley Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Morgan Stanley Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). |
| Filing Date | Source Excerpt |
|---|---|
| 2007-05-11 | Michael E. Nugent† (71) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) since 2006 Since 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Chairperson of the Insurance Committee (until July 2006); Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). |
| 2008-05-13 | Michael E. Nugent† (71) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006) |
| 2009-05-07 | Michael E. Nugent (72)c/o Triumph Capital, L.P.445 Park AvenueNew York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). |
| 2010-05-19 | Michael E. Nugent (73)c/o Triumph Capital, L.P.445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF and ICB); Class III Director of ICB and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). The Chairperson of the Boards of the Retail Funds and the Institutional Funds receives a total annual retainer fee of $400,000 for his services as Chairperson of the Boards of the Retail Funds and the Institutional Funds and for administrative services provided to each Board. |
| 2011-05-20 | Michael E. Nugent† (74)c/o Triumph Capital, L.P.445 Park Avenue New York, NY 10022 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). Compensation: $400,000 total annual retainer fee. |
| 2013-05-10 | Michael E. Nugent† (76)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee is Michael E. Nugent. |
| 2014-05-05 | Michael E. Nugent† (77)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). Compensation: $440,000 |
| 2015-05-08 | Michael E. Nugent (78)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee of each Fund is Michael E. Nugent. Effective January 1, 2015, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $240,000 ($230,000 prior to January 1, 2015) for serving as a Director of the Morgan Stanley Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee and Sub-Committee Chairpersons (except for the Chairperson of the Closed-End Fund Committee) receive an additional annual retainer fee of $31,500. The aggregate compensation paid to each Director is paid by the Morgan Stanley Funds, and is allocated on a pro rata basis among each of the operational funds/portfolios of the Morgan Stanley Funds based on the relative net assets of each of the funds/portfolios. Michael E. Nugent receives a total annual retainer fee of $480,000 ($460,000 prior to January 1, 2015) for his services as Chairperson of the Boards of the Morgan Stanley Funds (except IIF) and for administrative services provided to each Board. IIF pays each of its Directors an annual fee of $32,000 and the Audit Committee Chairperson is paid an additional annual fee of $5,000. The non-Mauritian Independent Directors of IIF receive a fee of $15,000 for each meeting such Director attends in Mauritius. Each Fund also reimburses Directors for travel and other out-of-pocket expenses incurred by them in connection with attending meetings of the Board. Directors of each Fund who are employed by the Adviser receive no compensation or expense reimbursement from the Funds for their services as Director. |
| 2016-05-09 | Michael E. Nugent† (79)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). The Board of Directors of each Fund (except IIF) has established five standing committees: (1) Audit Committee, (2) Governance Committee, (3) Compliance and Insurance Committee, (4) Investment Committee and (5) Closed-End Fund Committee. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee of each Fund is Michael E. Nugent. Effective January 1, 2016, for each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $250,000 ($240,000 prior to January 1, 2016) for serving as a Director of the Morgan Stanley Funds. Michael E. Nugent receives a total annual retainer fee of $500,000 ($480,000 prior to January 1, 2016) for his services as Chair of the Boards of the Morgan Stanley Funds (except IIF) and for administrative services provided to each Board. Michael E. Nugent total compensation from Funds and Fund Complex is $480,000. |
| 2017-05-12 | Michael E. Nugent† (80)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid. The Chairperson of the Closed-End Fund Committee of each Fund is Michael E. Nugent. Aggregate compensation paid to Michael E. Nugent for the calendar year ended December 31, 2016 was $500,000. |
| 2018-05-09 | Michael E. Nugent (81)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF and LDF) and Chair of the Boards of each of the Funds (except IIF and LDF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); Compensation: $520,000. |
| 2019-05-09 | Michael E. Nugent (82)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012) and Governance Committee (since January 2019) and Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). None. Total Compensation from Funds and Fund Complex Paid to Directors: $540,000. |
| 2020-05-08 | Michael E. Nugent†522 Fifth AvenueNew York, NY 10036Birth Year: 1936 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Governance Committee (since January 2019) and Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Closed-End Fund Committee (until December 2019) and the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). Compensation: $560,000 annual retainer fee. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-05-11 | Michael E. Nugent† (71) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) since 2006 Since 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and the Institutional Funds (since July 2001); formerly Chairperson of the Insurance Committee (until July 2006); Vice President, Bankers Trust Company and BT Capital Corporation (1984-1988). |
| 2008-05-13 | Michael E. Nugent† (71) c/o Triumph Capital, L.P. 445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006) |
| 2009-05-07 | Michael E. Nugent (72)c/o Triumph Capital, L.P.445 Park AvenueNew York, NY 10022 Class I Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). Compensation: $400,000 total annual retainer fee for services as Chairperson of the Boards and administrative services. |
| 2010-05-19 | Michael E. Nugent (73)c/o Triumph Capital, L.P.445 Park Avenue New York, NY 10022 Class I Director of each of the Funds (except IIF and ICB); Class III Director of ICB and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); The members of the Audit Committee of each Fund other than IIF are currently Joseph J. Kearns, Michael E. Nugent and W. Allen Reed. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Chairperson of the Investment Committee of each Fund is Manuel H. Johnson. |
| 2011-05-20 | Michael E. Nugent† (74)c/o Triumph Capital, L.P.445 Park Avenue New York, NY 10022 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of the Retail Funds and Institutional Funds (since July 2006); Director or Trustee of the Retail Funds (since July 1991) and Institutional Funds (since July 2001); formerly, Chairperson of the Insurance Committee (until July 2006). For each Fund (other than IIF), each Director (except for the Chairperson of the Boards) receives an annual retainer fee of $210,000 for serving the Retail Funds and the Institutional Funds. The Chairperson of the Audit Committee receives an additional annual retainer fee of $78,750 and the Investment Committee Chairperson receives an additional annual retainer fee of $63,000. Other Committee Chairpersons receive an additional annual retainer fee of $31,500 and the Sub-Committee Chairpersons receive an additional annual retainer fee of $15,750. The aggregate compensation paid to each Director is paid by the Retail Funds and the Institutional Funds. Michael E. Nugent receives a total annual retainer fee of $420,000 for his services as Chairperson of the Boards of the Retail Funds and the Institutional Funds and for administrative services provided to each Board. The following table shows the aggregate compensation payable to each of the Funds' Directors as of each Funds' fiscal year end, as well as the total compensation payable to each Director for the calendar year ended December 31, 2010. Michael E. Nugent total compensation from Funds and Fund Complex paid to Directors: $400,000. |
| 2012-06-19 | Michael E. Nugent (76)c/o Triumph Capital, L.P.445 Park AvenueNew York, NY 10022 Director of each of the Funds and Chairperson of the Boards of each of the Funds Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006). 104 None. |
| 2013-05-10 | Michael E. Nugent† (76)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 General Partner, Triumph Capital, L.P. (private investment partnership); Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006). Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The members of the Investment Committee are Frank L. Bowman, Michael Bozic, Kathleen A. Dennis, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee is Michael E. Nugent. |
| 2014-05-05 | Michael E. Nugent† (77)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). |
| 2015-05-08 | Michael E. Nugent (78)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chairperson of the Boards of each of the Funds (except IIF) Chairperson of the Boards since July 2006 and Director since July 1991 Chairperson of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). |
| 2016-05-09 | Michael E. Nugent† (79)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012); Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). The members of the Governance Committee of each Fund other than IIF are Kathleen A. Dennis, Michael E. Nugent and Fergus Reid, each of whom is an Independent Director. Each Fund (other than IIF) has an Investment Committee that oversees the portfolio investment process for and reviews the performance of the Fund. The Investment Committee also recommends to the Board to approve or renew the Fund's Investment Advisory and Administration Agreements. The members of the Investment Committee are Frank L. Bowman, Kathleen A. Dennis, Nancy C. Everett, Jakki L. Haussler, James F. Higgins, Manuel H. Johnson, Joseph J. Kearns, Michael F. Klein, Michael E. Nugent, W. Allen Reed and Fergus Reid. The Board of each Fund (other than IIF) formed the Closed-End Fund Committee to consider a range of issues unique to closed-end funds. The Closed-End Fund Committee consists of Michael E. Nugent, W. Allen Reed and Fergus Reid, each of whom is an Independent Director. The Chairperson of the Closed-End Fund Committee of each Fund is Michael E. Nugent. |
| 2017-05-12 | Michael E. Nugent† (80)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 Chairperson of the Closed-End Fund Committee (since June 2012) Effective January 1, 2017, for each Fund (other than IIF), each Director (except for the Chair of the Boards) receives an annual retainer fee of $260,000...Michael E. Nugent receives a total annual retainer fee of $520,000...Mr. Nugent total compensation $500,000. |
| 2018-05-09 | Michael E. Nugent (81)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF and LDF) and Chair of the Boards of each of the Funds (except IIF and LDF) Chair of the Boards since July 2006 and Director since July 1991 Chairperson of the Closed-End Fund Committee (since June 2012); Compensation: $520,000 |
| 2019-05-09 | Michael E. Nugent (82)522 Fifth AvenueNew York, NY 10036 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chair of the Boards of various Morgan Stanley Funds (since July 2006); Chairperson of the Closed-End Fund Committee (since June 2012) and Governance Committee (since January 2019) and Director or Trustee of various Morgan Stanley Funds (since July 1991); formerly, Chairperson of the Insurance Committee (until July 2006); General Partner, Triumph Capital, L.P. (private investment partnership) (1988-2013). None. Total Compensation from Funds and Fund Complex Paid to Directors: $540,000. |
| 2020-05-08 | Michael E. Nugent†522 Fifth AvenueNew York, NY 10036Birth Year: 1936 Director of each of the Funds (except IIF) and Chair of the Boards of each of the Funds (except IIF) Chair of the Boards since July 2006 and Director since July 1991 Chairperson of the Governance Committee (since January 2019); Compensation: $560,000 annual retainer fee. |
Data sourced from SEC filings. Last updated: 2026-02-03