Macquarie Global Infrastructure Total Return Fund Inc. Announces Final Results of Annual Meeting of Stockholders
June 26 2012 - 3:43PM
Business Wire
The Board of Directors of Macquarie Global Infrastructure
Total Return Fund Inc. (NYSE:MGU) (the “Fund”) announced today
the final results of the Fund’s Annual Meeting of Stockholders that
was held on June 21, 2012.
At the Annual Meeting, stockholders considered the election of
one Class I Director of the Fund. Final results certified by the
Independent Inspector of Election confirmed that a quorum was
present but neither nominee received a sufficient number of votes
to be elected. Therefore, the incumbent Class I Director, Gordon A.
Baird, will continue as Director until such time as his successor
is duly elected and qualifies.
Stockholders also considered the non-binding stockholder
proposal requesting that the Board amend the Fund’s Bylaws to
change the voting standard for contested Director elections. The
non-binding proposal received an affirmative vote of a majority of
the shares voted, but less than a majority of the outstanding
shares. The Board will consider this matter at a future Board
meeting and will give the proposal such weight as it believes
appropriate under the circumstances, including the results of the
voting.
About the Macquarie Global Infrastructure Total Return Fund
Inc.
Macquarie Global Infrastructure Total Return Fund Inc., a
non-diversified closed-end fund, is listed on the NYSE.
The Fund’s investment adviser is Macquarie Capital Investment
Management LLC, which is a part of Macquarie Funds Group and a
wholly-owned, indirect subsidiary of Macquarie Group Limited.
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 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.
Investments in the Fund are not deposits with or other
liabilities of Macquarie Bank Limited ABN 46 008 583 542 (“MBL”)
nor any Macquarie Group company and are subject to investment risk,
including possible delays in repayment and loss of income and
principal invested. Neither MBL nor any other member company of the
Macquarie Group guarantees the performance of the Fund or the
repayment of capital from the Fund or any particular rate of
return.
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