Macquarie Global Infrastructure Total Return Fund Inc. Announces Expiration
and Preliminary Results of Cash Tender Offer
NEW YORK -- April 4, 2013
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the
“Fund”) announced today the preliminary results of its cash tender offer for
up to 1,385,366 (representing approximately 10%) of its issued and outstanding
shares of common stock (the “Offer”). The Offer expired on April 3, 2013, at
12:00 midnight, New York City time.
Based on preliminary information, approximately 2,942,972 shares of common
stock, or approximately 21.2% of the Fund’s outstanding shares of common stock
were tendered through the expiration date of the Offer. This number is subject
to adjustment and should not be regarded as final because the number of shares
tendered exceeded 1,385,366 (the maximum number of shares being sought in the
Offer) and thus the number of shares that will be purchased by the Fund will
be prorated based on the number of shares validly tendered by each
stockholder. No more than a total of 1,385,366 validly tendered shares will be
accepted for payment at a price per share equal to 92% of the Fund’s net asset
value per share (“NAV”) determined as of the close of the regular trading
session of the New York Stock Exchange (“NYSE”) on April 4, 2013. The final
number of shares validly tendered and accepted pursuant to the tender offer
will be announced at a later date.
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.
Brad Frishberg, Director, Chief Executive
Officer and President of Macquarie Global
Infrastructure Total Return Fund Inc.
Tel: (212) 231-1000
Corporate Communications, Macquarie Group
Tel: (212) 231-1310
AST Fund Solutions, LLC
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