Macquarie Global Infrastructure Total Return Fund Inc. Increases Regular Quarterly Distribution

Date : 03/12/2012 @ 7:50AM
Source : Business Wire
Stock : Macquarie Global Infrastructure Total Return Fund Inc. (MGU)
Quote : 21.4  -0.32 (-1.47%) @ 3:59PM
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Macquarie Global Infrastructure Total Return Fund Inc. Increases Regular Quarterly Distribution

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”) declared on March 8, 2012, a regular quarterly distribution for the period ending March 31, 2012 of $0.24 per share. This represents an increase of 20% or $0.04/share over the previous distribution and 50% or $0.08/share over the distribution for the third quarter of 2010.

“We are delighted to be able to increase the distribution. We reduced the distribution back in 2008 when it was prudent to do so. We have been able to increase the distribution several times since then. This further increase is driven by the ongoing improved market conditions and lower borrowing costs,” said Mr. Andrew Maple-Brown, Portfolio Manager of the Fund. “It is prudent to pass that benefit through to our shareholders.”

The increased distribution follows a very strong quarter for the Fund, in which it returned 13.4%, almost 10% ahead of its reference benchmark and more than 3% ahead of global equities. The infrastructure companies in the portfolio have generally performed largely in line with our expectations and this solid performance has been reflected in their share prices.

Based on the Fund’s net asset value (“NAV”) of $21.23 and New York Stock Exchange closing market price of $18.73 on February 29, 2012, the $0.24 per share distribution is equal to an annualized distribution rate of 4.52% at NAV and 5.13% 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 2012, including the percentage of qualified dividend income, will be made by the Fund after December 31, 2012.

This distribution will be payable on March 30, 2012 to shareholders of record on March 23, 2012, with an ex-dividend date of March 21, 2012.

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.

*MSCI TR World

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