Macquarie Global Infrastructure Total Return Fund Inc. Announces Expiration and Preliminary Results of Cash Tender Offer
November 19 2012 - 9:01AM
Business Wire
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:
MGU) (the “Fund”) announced today the preliminary results of its
cash tender offer for up to 3,463,415 (representing approximately
20%) of its issued and outstanding shares of common stock (the
“Offer”). The Offer expired on November 16, 2012, at 12:00
midnight, New York City time.
Based on preliminary information, approximately 8,199,987 shares
of common stock, or approximately 47.4% of the Fund’s outstanding
shares of common stock were tendered through the expiration date of
the Offer. This number is subject to adjustment and should not be
regarded as final because the number of shares tendered exceeded
3,463,415 (the maximum number of shares being sought in the Offer)
and thus the number of shares that will be purchased by the Fund
will be prorated based on the number of shares validly tendered by
each stockholder. No more than a total of 3,463,415 validly
tendered shares will be accepted for payment at a price per share
equal to 95% of the Fund’s net asset value per share (“NAV”)
determined as of the close of the regular trading session of the
New York Stock Exchange (“NYSE”) on November 19, 2012. The final
number of shares validly tendered and accepted pursuant to the
tender offer will be announced at a later date.
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 offer 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 14,200 people. Assets under management total
approximately US$339 billion at March 31, 2012.
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