Macquarie Global Infrastructure Total Return Fund Inc. Announces Final Distribution Amounts
24 Februar 2023 - 1:48AM
Business Wire
Today, Macquarie Global Infrastructure Total Return Fund Inc.
(the “Fund”), a New York Stock Exchange-listed closed-end fund
trading under the symbol “MGU”, announced that the Fund will make a
final distribution of $0.348 per share in connection with the
reorganization of the Fund into abrdn Global Infrastructure Income
Fund (the “Acquiring Fund”), a New York Stock Exchange-listed
closed-end fund trading under the symbol “ASGI” (the
“Reorganization”). The final distribution will be payable March 3,
2023 to common shareholders of record on February 24, 2023 and will
be paid out in cash (no dividends will be reinvested).The final
Fund distribution will consist of substantially all of the Fund’s
undistributed tax-exempt interest income, ordinary income and
capital gain net income, if any, earned and anticipated to be
earned through close of business on March 10, 2023. In early 2024,
common shareholders of the Fund will receive a Form 1099-DIV for
the calendar year 2023 that will tell shareholders how to report
these distributions for federal income tax purposes.
The final distribution is being made in connection with an
Agreement and Plan of Acquisition (the “Plan of Acquisition”)
providing for (i) the acquisition by the Acquiring Fund of
substantially all of the assets of the Fund, in exchange for newly
issued common shares of the Acquiring Fund; (ii) the distribution
of such newly issued common shares of the Acquiring Fund to holders
of common shares of the Fund; and (iii) the dissolution of the Fund
thereafter. The Plan of Acquisition was approved by shareholders at
the Special Meeting of Shareholders held on November 9, 2022, and
the transaction is currently anticipated to close on or about March
10, 2023 at approximately 5:00pm ET. Following completion of the
acquisition, the Fund will be delisted.
In connection with the Agreement and Plan of Reorganization, the
Fund has filed relevant materials with the U.S. Securities and
Exchange Commission, including a Form N-14 registration statement
for the Acquiring Fund that contained a prospectus. The foregoing
is not an offer to sell, nor a solicitation of an offer to buy,
shares of any fund.
All shareholders are advised to read the proxy
statement/prospectus in its entirety because it contains important
information regarding the Fund, the Acquiring Fund, the Agreement
and Plan of Reorganization, the Board’s considerations in
recommending the Agreement and Plan of Reorganization, and related
matters. Shareholders may obtain a free copy of the proxy
statement/prospectus and other documents filed with the SEC,
including the Fund’s most recent annual reports to shareholders, on
the SEC’s website at http://www.sec.gov, and copies of this
information may be obtained, after paying a duplicating fee, by
electronic request at the following e-mail address:
publicinfo@sec.gov. Copies of all of these documents may be
obtained upon request without charge by visiting the Fund’s website
at macquarieim.com/mgu, or by calling (866) 567-4771.
About the Fund
Macquarie Global Infrastructure Total Return Fund Inc., a
diversified closed-end fund, is listed on the New York Stock
Exchange. The Fund’s investment adviser is Delaware Management
Company (“Investment Adviser”), a series of Macquarie Investment
Management Business Trust, which is a subsidiary of Macquarie
Management Holdings, Inc. (“MMHI”). MMHI is a subsidiary, and
subject to the ultimate control, of Macquarie Group Limited.
Macquarie Asset Management is a global asset manager that aims to
deliver positive impact for everyone. Trusted by institutions,
pension funds, governments, and individuals to manage more than
$US508 billion in assets globally,1 we provide access to specialist
investment expertise across a range of capabilities including
infrastructure, green investments and renewables, real estate,
agriculture & natural assets, asset finance, private credit,
equities, fixed income and multi asset solutions.
The Fund seeks to achieve its investment objective by investing,
under normal market conditions, at least 80% of its total assets
(which includes the aggregate of the Fund’s average daily net
assets plus proceeds from any outstanding borrowings used for
leverage) in equity and equity-like securities and instruments,
such as common stocks, preferred stocks, convertible securities and
hybrid securities issued by US and non-US issuers (Infrastructure
Issuers) that primarily own or operate Infrastructure Assets.
“Infrastructure Assets” are an underlying foundation of basic
services, facilities and institutions upon which the growth and
development of a community depends and may provide the necessities
of everyday life, such as fresh water, roads, airports, utilities,
power, steam heating systems, hospitals, schools and other social
services.
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 cost. An investor should consider the Fund's investment
objective, 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.
1 As of September 30, 2022
Other than Macquarie Bank Limited ABN 46 008 583 542
(“Macquarie Bank”), any Macquarie Group entity noted in this press
release is not an authorised deposit-taking institution for the
purposes of the Banking Act 1959 (Commonwealth of Australia). The
obligations of these other Macquarie Group entities do not
represent deposits or other liabilities of Macquarie Bank.
Macquarie Bank does not guarantee or otherwise provide assurance in
respect of the obligations of these other Macquarie Group entities.
In addition, if this press release relates to an investment, (a)
the investor is subject to investment risk including possible
delays in repayment and loss of income and principal invested and
(b) none of Macquarie Bank or any other Macquarie Group entity
guarantees any particular rate of return on or the performance of
the investment, nor do they guarantee repayment of capital in
respect of the investment.
© 2023 Macquarie Management Holdings, Inc.
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Investor/Broker Inquiries Tel: 866 567-4771 E-mail:
MGU-Questions@macquarie.com Web: www.macquarieim.com/mgu Media
Inquiries Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
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