Macquarie Global Infrastructure Total Return Fund Inc. Announces Tender Offer
February 27 2013 - 8:00AM
Business Wire
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:
MGU) (the “Fund”) announced today that the Fund will offer to
purchase up to 10% of the Fund’s outstanding shares of common stock
at a price equal to 92% of the net asset value per share,
determined as of the business day immediately following the day the
tender offer expires. The Fund had previously announced on October
17, 2012 that it would commence the tender offer, the second of two
tender offers, if the following conditions were met: (1) more than
25% of the then-outstanding shares of common stock being validly
tendered and not withdrawn pursuant to the first tender offer; and
(2) the Fund’s shares having traded at a market price that
represents an average daily discount from net asset value of more
than 8% during the 20-business day period from January 15, 2013 to
February 12, 2013. Both of these conditions have been met.
Further information about the tender offer will be announced via
future press releases. The tender offer will be made and
stockholders will be notified in accordance with the requirements
of the Securities Exchange Act of 1934, as amended, the Investment
Company Act of 1940, as amended, and other applicable rules and
regulations, either by publication or mailing or both.
You may contact the Fund at 1-800-910-1434 for additional
information such as the Fund’s net asset value per share, market
price and other information, or consult the Fund’s web site at
www.macquarie.com/mgu.
Data and commentary provided in this press release are for
informational purposes only. Macquarie and its affiliates do not
engage in selling shares of the Fund.
This press release is for informational purposes only and is not
a recommendation, an offer to buy or the solicitation of an offer
to sell any shares. The tender offer described in this announcement
has not yet commenced. The solicitation and offer to buy shares
will only be made pursuant to the offer to purchase and other
tender offer documents that the Fund will disseminate to its
stockholders. A free copy of the tender offer documents that will
be filed by the Fund with the SEC may be obtained, when filed, from
the SEC’s website at www.sec.gov or from the Fund’s website at
www.macquarie.com/mgu, or by calling AST Fund Solutions, LLC at
(800) 331-7024 (toll free). STOCKHOLDERS OF THE FUND SHOULD
READ THESE DOCUMENTS BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT
INFORMATION.
This press release may contain statements regarding plans and
expectations for the future that constitute forward-looking
statements within the Private Securities Litigation Reform Act of
1995. All statements other than statements of historical fact are
forward-looking and can be identified by the use of words such as
“may,” “will,” “expect,” “anticipate,” “estimate,” “believe,”
“continue” or other similar words. Such forward-looking statements
are based on the Fund’s current plans and expectations, and are
subject to risks and uncertainties that could cause actual results
to differ materially from those described in the forward-looking
statements. Additional information concerning such risks and
uncertainties are contained in the Fund’s filings with the
Securities and Exchange Commission.
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 13,400 people. Assets under management total
approximately US$353 billion at September 30, 2012.
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