NEW YORK, March 13 /PRNewswire-FirstCall/ --
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (the "Fund") yesterday declared its regular quarterly distribution for the period ending March 31, 2007 of $0.40 per share.
Based on the Fund's net asset value of $30.95 and New York Stock Exchange closing price of $29.07 on March 12th, 2007, the $0.40 per share distribution is equal to an annualized distribution rate of 5.17% at NAV and 5.50% at market price respectively.
The $0.40 per share quarterly distribution reflects a distribution policy of the Fund intended to provide shareholders with a relatively stable cash flow. This policy may be changed or discontinued without notice to investors.
Mr. Jon Fitch, the Portfolio Manager of the Fund, said "We believe infrastructure remains an appealing asset class for investors. Many infrastructure businesses provide an essential product or service, have defined revenue streams and generate strong cashflows. We believe the current environment remains attractive for investment in infrastructure stocks, and this should assist the Fund in pursuing its objective of providing a high level of total return consisting of dividends and other income and capital appreciation". Mr Fitch further commented that the manager remains positive about the outlook for the infrastructure sector and the opportunities that the sector presents.
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 2007, including the percentage of qualified dividend income, will be made by the fund after December 31, 2007.
This distributions will be payable on March 30, 2007 to shareholders of record on March 23, 2007, with an ex-dividend date of March 21, 2007.
About the Macquarie Global Infrastructure Total Return Fund
The Macquarie Global Infrastructure Total Return Fund Inc., a non- diversified closed-end fund, is listed on the NYSE.
The Fund's investment advisor is Macquarie Fund Adviser, LLC, a member of the Macquarie group of companies.
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 cause 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.
Macquarie Fund Adviser, LLC is not an authorized deposit-taking institution for the purposes of the Banking Act (Commonwealth of Australia) 1959, and Macquarie Fund Adviser, LLC's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of Macquarie Fund Adviser, LLC
DATASOURCE: Macquarie Global Infrastructure Total Return Fund Inc.
CONTACT: Investor/Broker Enquiries, +1-800-910-1434,
, or Media Enquiries, Kathryn Bonnefin, Corporate
Communications, Macquarie Group, +1-212-231-1739
Web site: http://www.macquarie.com/
http://www.macquarie.com/mgu