MGB Morgan Stanley Global Opportunity Bond Fund, Inc.

Morgan Stanley Global Opportunity Bond Fund, Inc. (NYSE: MGB) (the “Fund”) today declared a dividend of $0.0823 per share of net investment income in connection with the Reorganization of the Fund into Morgan Stanley Emerging Markets Debt Fund, Inc. (NYSE:MSD). The Reorganization is expected to occur on or about January 29, 2010. In addition, the Fund will suspend its Dividend Reinvestment and Cash Purchase Plan in connection with this dividend and pay stockholders in cash.

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Morgan Stanley Global Opportunity Bond Fund, Inc. (the “Fund”), advised by Morgan Stanley Investment Management Inc., is a closed-end management investment company that seeks to produce high current income as a primary investment objective and, as a secondary objective, seeks capital appreciation by investing primarily in bonds of issuers located throughout the world, including U.S. issuers and issuers in emerging countries.

Morgan Stanley Investment Management, together with its investment advisory affiliates, has nearly 1,000 investment professionals around the world and approximately $386 billion in assets under management or supervision as of September 30, 2009. By leveraging its global ‘community of boutiques’ structure and the strength of Morgan Stanley, MSIM 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.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 36 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

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