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The Latin America Investment Fund, Inc.
466 Lexington Avenue
New York, New York 10017
LATIN AMERICA INVESTMENT FUND ANNOUNCES
PRELIMINARY RESULTS OF TENDER OFFER
CORRECTED VERSION TO REFLECT NAV AND TENDER OFFER PRICE
For Immediate Release
October 31, 2000
Contact: Investor Relations
Credit Suisse Asset Management
1-800-293-1232 or 212-238-5674
NEW YORK--(BUSINESS WIRE)--October 31, 2000--The Latin America Investment Fund,
Inc. (the "Fund") today announced the termination of its tender offer for up to
3,125,120 shares of common stock of the Fund. The offer was for cash at a price
equal to 95% of the Fund's net asset value per share as determined at the close
of Monday's regular trading on the New York Stock Exchange ("NYSE") upon the
terms and conditions set forth in the Fund's Issuer Tender Offer Statement and
the related Letter of Transmittal. The net asset value as of the close of
trading on Monday, October 30, 2000 was $16.31 per share, and accordingly, the
tender offer price is $15.49 per share. The deadline for participating in the
offer was 5:00 P.M. Eastern Time on October 30, 2000. Approximately 4,558,000
shares of the Fund's common stock were tendered through the stated expiration
date. Therefore, on a pro-rata basis, approximately 69% of the shares so
tendered are expected to be accepted for payment. The final number of shares
validly tendered and accepted pursuant to the tender offer will be announced at
a later date.
The Fund is a non-diversified, closed-end investment company whose investment
objective seeks long-term capital appreciation. The Fund is traded on the New
York Stock Exchange under the trading symbol "LAM". The Fund's investment
adviser is Credit Suisse Asset Management.
Any questions or requests for assistance with respect to the tender offer may be
directed to Shareholder Communications Corporation, the Information Agent for
the offer, toll free at (800) 498-2621.
