Deregistration Under Section 8(f) of the Investment Company Act of 1940

Applicant seeks an order declaring that it has ceased to be an investment company. The applicant has transferred its assets to Eaton Vance Income Opportunities ETF, and on November 10, 2025, made a final distribution to its shareholders based on net asset value. Expenses of $620,300 incurred in connection with the reorganization were paid by the applicant. Filing Date: The application was filed on February 24, 2026. Applicant's Address: Morgan Stanley Income Opportunities Fund c/o Morgan Stanley Investment Management Inc., 1585 Broadway, New York, New York 10036.