Macquarie Global Infrastructure Total Return Fund Inc. Increases Its Regular Quarterly Distribution to $0.18 Per Share

Date : 12/08/2010 @ 8:00AM
Source : Business Wire
Stock : Macquarie Global Infrastructure Total Return Fund Inc. (MGU)
Quote : 22.48  -0.2 (-0.88%) @ 11:56AM
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Macquarie Global Infrastructure Total Return Fund Inc. Increases Its Regular Quarterly Distribution to $0.18 Per Share

Macquarie Global Total Return (NYSE:MGU)
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The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the “Fund”) unanimously approved on December 7, 2010 a 12.5% increase in the regular quarterly distribution for the period ending December 31, 2010 to $0.18 per share.

“The Fund’s market price return of 10.82% over the fiscal quarter ending November 30th was driven by solid performance by the listed infrastructure sector,” said Mr. Andrew Maple-Brown, Portfolio Manager of the Fund. “The companies in the portfolio are performing well at the operational level. We are seeing impressive volume growth in the transport infrastructure sectors, where a number of companies have reported volumes that are now above their previous (pre-recession) highs. While the economic outlook remains uncertain, the relative stability of infrastructure earnings and higher yield of the sector overall remains attractive for many investors.”

Based on the Fund’s net asset value (“NAV”) of $20.09 and New York Stock Exchange closing market price of $17.09 on December 6, 2010, the $0.18 per share distribution is equal to an annualized distribution rate of 3.58% at NAV and 4.21% at market price, respectively.

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 2010, including the percentage of qualified dividend income, will be made by the Fund after December 31, 2010.

This distribution will be payable on December 31, 2010 to shareholders of record on December 23, 2010, with an ex-dividend date of December 21, 2010.

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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