Macquarie Global Infrastructure Total Return Fund Inc. Declares Regular Quarterly Distribution & Announces June 28, 2010 Inve...
June 10 2010 - 7:00AM
Business Wire
The Board of Directors of Macquarie Global Infrastructure Total
Return Fund Inc. (NYSE:MGU) (the “Fund”) approved on June 9, 2010 a
regular quarterly distribution for the period ending June 30, 2010
of $0.16 per share.
The Fund also announced that Andrew Maple-Brown, Portfolio
Manager of the Fund, will host a quarterly investor conference call
on Monday, June 28, 2010 at 4:15 PM ET to discuss the Fund’s
results for the quarter ended May 31, 2010.
“Many of MGU’s holdings have organic growth opportunities
through investments that we expect will provide attractive returns
and enhance earnings over time,” said Mr. Maple-Brown.
“Furthermore, the infrastructure sector on an operational level has
generally continued to perform strongly over the last quarter.
Combined with these factors, the equity market sell-off in recent
weeks has created a number of attractive investment opportunities
for the Fund, with such businesses well positioned in the current
uncertain environment.”
Based on the Fund’s net asset value (“NAV”) of $15.92 and New
York Stock Exchange closing market price of $12.74 on June 9, 2010,
the $0.16 per share distribution is equal to an annualized
distribution rate of 4.02% at NAV and 5.02% at market price,
respectively.
A portion of the distributions may be treated as paid from
sources other than net income, including, but not limited to,
short-term capital gain, long-term capital gain and return of
capital. The final determination of the source of all distributions
in 2010, including the percentage of qualified dividend income,
will be made by the Fund after December 31, 2010.
This distribution will be payable on June 30, 2010 to
shareholders of record on June 24, 2010, with an ex-dividend date
of June 22, 2010.
To listen to the quarterly investor conference call, please dial
1-877-407-0778 (domestic) or 1-201-689-8565 (international) at
least 10 minutes prior to the scheduled start time and ask to be
placed into the MGU Investor Call.
Interested parties can also listen to a live audio webcast of
the call. The webcast will be accessible via
http://www.investorcalendar.com/IC/CEPage.asp?ID=159572. Please
allow extra time prior to the call to visit the site and register
for the webcast.
A replay will be available following the call’s conclusion
through July 28, 2010, at 1-877-660-6853 (domestic) or
1-201-612-7415 (international), Account Number: 286, Conference ID:
351968. An online archive of the webcast will also be available on
the MGU website through July 28, 2010.
About the Macquarie Global Infrastructure Total Return Fund
Inc.
Macquarie Global Infrastructure Total Return Fund Inc., a
non-diversified closed-end fund, is listed on the NYSE.
The Fund’s investment adviser is Macquarie Capital Investment
Management LLC, which is a part of Macquarie Funds Group and a
wholly-owned, indirect subsidiary of Macquarie Group Limited.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original costs. An investor should consider investment objectives,
risks, charges and expenses carefully before investing.
Forward-looking statements are based on information that is
available on the date hereof, and neither the Investment Adviser
nor any other person affiliated with the Investment Adviser has any
duty to update any forward-looking statements. Important factors
that could affect actual results to differ from these statements
include, among other factors, material, negative changes to the
asset class and the actual composition of the portfolio.
Investments in the Fund are not deposits with or other
liabilities of Macquarie Bank Limited ABN 46 008 583 542 (“MBL”)
nor any Macquarie Group company and are subject to investment risk,
including possible delays in repayment and loss of income and
principal invested. Neither MBL nor any other member company of the
Macquarie Group guarantees the performance of the Fund or the
repayment of capital from the Fund or any particular rate of
return.
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