Macquarie Global Infrastructure Total Return Fund Inc. Announces Portfolio Manager Change
November 01 2012 - 4:05PM
Business Wire
The Macquarie Global Infrastructure Total Return Fund Inc.
(NYSE:MGU) (the “Fund”) announced today that Andrew Maple-Brown is
resigning from the Fund’s adviser, Macquarie Capital Investment
Management LLC (“MCIM”), to pursue other opportunities, and will no
longer serve as Portfolio Manager of the Fund effective November 9,
2012. As of that date, Jonathon Ong and Brad Frishberg will serve
as co-Portfolio Managers for the Fund.
Mr. Ong is an experienced manager with substantial
infrastructure knowledge and expertise. He joined Macquarie’s
Infrastructure Securities team as a Portfolio Manager in 2008 and
has been a member of its Investment Committee since then.
Mr. Frishberg is Chief Investment Officer and the head of MCIM’s
Infrastructure Securities team. He is the Chief Executive Officer
and an Interested Director of the Fund.
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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