Macquarie Global Infrastructure Total Return Fund Inc. Commences Tender
NEW YORK -- March 6, 2013
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the
“Fund”) announced today it is commencing a tender offer (the “Offer”) to
purchase for cash up to 1,385,366 (representing approximately 10%) of its
issued and outstanding shares of common stock, par value $0.001 per share, at
a price equal to 92% of the net asset value (“NAV”) per share, determined as
of the business day immediately following the day the Offer expires. The Offer
will expire on April 3, 2013, at 12:00 midnight, New York City time, or on
such later date to which the Offer is extended.
If the number of shares validly tendered and not properly withdrawn exceeds
the maximum amount of the Offer then, on the terms and subject to the
conditions of the Offer, the Fund will purchase shares from tendering
stockholders on a pro rata basis. Accordingly, there can be no assurance that
the Fund will purchase all of a stockholder’s tendered shares.
The NAV per share as of the close of the regular trading session of the New
York Stock Exchange (“NYSE”) on March 5, 2013 was $23.22 and the last reported
sale price on the NYSE on such date for a share was $21.00. Until the Offer
expires, NAV per share quotations can be obtained from AST Fund Solutions,
LLC, the information agent for the Offer, by calling (800)331-7024 (toll
free) between the hours of 9:00 a.m. and 5:00 p.m., New York City time, Monday
through Friday (except holidays). The depositary for the offer is The Colbent
None of the Fund, its Board, its investment adviser or the information agent
is making any recommendation to stockholders as to whether to tender or
refrain from tendering their shares into the Offer. Stockholders, together
with their tax and financial advisors, are solely responsible for determining
how many shares they will tender, if any, for purchase by 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 solicitation and offer to buy shares will only be made pursuant to
the offer to purchase and the other tender offer documents that the Fund is
disseminating to its stockholders. A free copy of the tender offer documents
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
are urged to read these materials carefully prior to making any decision with
respect to the Offer.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. These statements are
based on the current expectations and beliefs of the Fund’s management and are
subject to a number of factors and uncertainties that could cause actual
results to differ materially from those described in the forward-looking
statements. The forward-looking statements contained in this document include
references to completion of the tender offer and the payment for shares
related thereto. These statements, including their underlying assumptions, are
subject to risks and uncertainties and are not guarantees of future
performance. Results may differ due to various factors such as the possibility
that stockholders may not tender their shares in the tender offer, or other
conditions to completion of the tender offer are not satisfied. For further
details of these risks, you should read our filings with the Securities and
Exchange Commission related to the tender offer, including our Schedule TO and
the documents referred to therein. Except as required by law, the Fund is
under no obligation to (and expressly disclaims any such obligation to) update
or alter its forward-looking statements whether as a result of new
information, future events, or otherwise.
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 55^th
Street, New York, New York 10019. The Fund is a closed-end fund and does not
continuously offer or redeem shares.
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.
Macquarie Global Infrastructure Total Return Fund Inc.
Brad Frishberg, 212-231-1000
Director, Chief Executive Officer and President
Paula Chirhart, 212-231-1310
Corporate Communications, Macquarie Group
AST Fund Solutions, LLC
Press spacebar to pause and continue. Press esc to stop.