Macquarie Global Infrastructure Total Return Fund Inc. Commences Tender Offer
March 06 2013 - 3:01PM
Business Wire
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:
MGU) (the “Fund”) announced today it is commencing a tender offer
(the “Offer”) to purchase for cash up to 1,385,366 (representing
approximately 10%) of its issued and outstanding shares of common
stock, par value $0.001 per share, at a price equal to 92% of the
net asset value (“NAV”) per share, determined as of the business
day immediately following the day the Offer expires. The Offer will
expire on April 3, 2013, at 12:00 midnight, New York City time, or
on such later date to which the Offer is extended.
If the number of shares validly tendered and not properly
withdrawn exceeds the maximum amount of the Offer then, on the
terms and subject to the conditions of the Offer, the Fund will
purchase shares from tendering stockholders on a pro rata basis.
Accordingly, there can be no assurance that the Fund will purchase
all of a stockholder’s tendered shares.
The NAV per share as of the close of the regular trading session
of the New York Stock Exchange (“NYSE”) on March 5, 2013 was $23.22
and the last reported sale price on the NYSE on such date for a
share was $21.00. Until the Offer expires, NAV per share quotations
can be obtained from AST Fund Solutions, LLC, the information agent
for the Offer, by calling (800) 331-7024 (toll free) between
the hours of 9:00 a.m. and 5:00 p.m., New York City time, Monday
through Friday (except holidays). The depositary for the offer is
The Colbent Corporation.
None of the Fund, its Board, its investment adviser or the
information agent is making any recommendation to stockholders as
to whether to tender or refrain from tendering their shares into
the Offer. Stockholders, together with their tax and financial
advisors, are solely responsible for determining how many shares
they will tender, if any, for purchase by the Fund.
This press release is for informational purposes only and is not
a recommendation, an offer to buy or the solicitation of an offer
to sell any shares. The solicitation and offer to buy shares will
only be made pursuant to the offer to purchase and the other tender
offer documents that the Fund is disseminating to its stockholders.
A free copy of the tender offer documents filed by the Fund with
the SEC may be obtained, when filed, from the SEC’s website at
www.sec.gov or from the Fund’s website at www.macquarie.com/mgu, or
by calling AST Fund Solutions, LLC at (800) 331-7024 (toll
free). Stockholders are urged to read these materials carefully
prior to making any decision with respect to the Offer.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. These
statements are based on the current expectations and beliefs of the
Fund’s management and are subject to a number of factors and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements contained in this document include
references to completion of the tender offer and the payment for
shares related thereto. These statements, including their
underlying assumptions, are subject to risks and uncertainties and
are not guarantees of future performance. Results may differ due to
various factors such as the possibility that stockholders may not
tender their shares in the tender offer, or other conditions to
completion of the tender offer are not satisfied. For further
details of these risks, you should read our filings with the
Securities and Exchange Commission related to the tender offer,
including our Schedule TO and the documents referred to therein.
Except as required by law, the Fund is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events, or otherwise.
About Macquarie Global Infrastructure Total Return Fund
Inc.
Macquarie Global Infrastructure Total Return Fund Inc. is a
non-diversified, closed-end management investment company that
seeks to provide a high level of total return consisting of
dividends and other income, and capital appreciation. The Fund’s
investment adviser is Macquarie Capital Investment Management LLC
with its principal executive offices located at 125 West 55th
Street, New York, New York 10019. The Fund is a closed-end fund and
does not continuously offer or redeem shares.
About Macquarie
Macquarie Group (Macquarie) is a global provider of banking,
financial, advisory, investment and funds management services.
Macquarie’s main business focus is making returns by providing a
diversified range of services to clients. Founded in 1969,
Macquarie operates in more than 70 office locations in 28 countries
and employs more than 13,400 people. Assets under management total
approximately US$353 billion at September 30, 2012.
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