Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares its Quarterly Distribution of $0.35 Per...
May 10 2012 - 4:26PM
Business Wire
Macquarie/First Trust Global Infrastructure/Utilities Dividend
& Income Fund (the “Fund”) (NYSE: MFD) today declared the
Fund’s regularly scheduled quarterly distribution payable on May
31, 2012 to shareholders of record as of May 24, 2012. The
ex-dividend date is expected to be May 22, 2012.
Macquarie/First
Trust Global Infrastructure/Utilities Dividend & Income Fund
(MFD):
Distribution per share: $0.35 Distribution Rate based on the
May 9, 2012 NAV of $15.64: 8.95% Distribution Rate based on the May
9, 2012 closing market price of $15.37: 9.11%
A portion of the distribution may be treated as paid from
sources other than net investment income, including short-term
capital gain, long-term capital gain and return of capital. The
final determination of the source and tax status of all
distributions paid in 2012 will be made after the end of 2012.
The Fund is a non-diversified, closed-end management investment
company, investing predominantly in listed infrastructure and
utilities companies in selected developed countries globally. The
Fund’s investment objective is to seek a high level of current
return consisting of dividends, interest and other similar income,
while attempting to preserve capital.
First Trust Advisors L.P., the Fund’s investment advisor, along
with its affiliate First Trust Portfolios L.P., are privately-held
companies which provide a variety of investment services, including
asset management, financial advisory services, and competitive
municipal underwritings, with collective assets under management or
supervision of approximately $56 billion as of April 30, 2012
through unit investment trusts, exchange-traded funds, closed-end
funds, mutual funds and separate managed accounts.
Macquarie Capital Investment Management LLC ("MCIM") and Four
Corners Capital Management, LLC ("Four Corners") are the Fund's
investment sub-advisors. Both MCIM and Four Corners operate within
Macquarie Funds Group (“MFG”) and are wholly-owned, indirect
subsidiaries of Macquarie Group Limited ("Macquarie Group").
Macquarie Group is a global provider of banking, financial,
advisory, investment and funds management services. Macquarie Funds
Group is the global investment management business of Macquarie
Group. The Fund's Core Component, which consists primarily of
equity securities and equity-like securities issued by
infrastructure issuers, is managed by MCIM, which started
operations in 2004 with the launch of the Fund. MCIM and its
Australia-based affiliates managed approximately $2.9 billion of
assets as of April 30, 2012, in MFG’s Infrastructure Securities
portfolios, which includes the Fund. The Fund's Senior Loan
Component is managed by Four Corners. Four Corners was founded in
2001 and became a wholly-owned, indirect subsidiary of Macquarie
Group in 2008. Four Corners managed approximately $1.4 billion of
assets as of April 30, 2012, with an emphasis on Senior Loans.
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.
Principal Risk Factors: The Fund invests principally in equity
securities of companies in the infrastructure and utilities
industry in various developed markets; accordingly the Fund’s NAV
will fluctuate with changes in the value of the Fund’s holdings.
Investment in infrastructure and utilities issuers is subject to
various risks including governmental regulations, high interest
costs associated with capital construction programs, costs
associated with environmental regulation, the effects of economic
slowdown and surplus capacity, competition from other providers of
services and other factors. Investment in non-U.S. securities is
subject to the risk of currency fluctuations and to economic and
political risks associated with such foreign countries. The risks
of investing in the Fund are spelled out in the prospectus,
shareholder report and other regulatory filings.
The Fund’s daily New York Stock Exchange closing price and net
asset value per share as well as other related information can be
found at www.ftportfolios.com or by calling 1-800-988-5891.
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