Macquarie Global Infrastructure Income Fund announces initial public offering
TORONTO, Aug. 26, 2013 /CNW/ - Macquarie Global Investments Canada Ltd. is
pleased to announce that Macquarie Global Infrastructure Income Fund (the
"Fund") has filed a preliminary prospectus with the securities regulatory
authorities of all of the provinces and territories of Canada for an initial
public offering of units of the Fund at a price of $10.00 per unit.
The Fund's investment objectives are to: (a) provide holders of units with
quarterly cash distributions, initially targeted to be $0.15 per unit ($0.60
per annum representing an annual cash distribution of 6.0% based on the $10.00
per unit issue price); (b) maximize total return for unitholders, consisting
of distributions and capital appreciation; and (c) preserve capital. To
achieve the Fund's investment objectives, the net proceeds of the offering
will be invested in a portfolio consisting of infrastructure equity securities
issued by global infrastructure companies that own and/or operate
Macquarie Capital Investment Management LLC ("MCIM"), a member of Macquarie
Group, is a global leader in the listed infrastructure sector and will act as
the portfolio manager (the "Portfolio Manager") of the Fund. The Portfolio
Manager is part of the Macquarie Funds Group ("MFG"), Macquarie Group's funds
management business. MFG is Australia's largest asset manager and world's
largest infrastructure manager with over $366 billion globally in assets under
management of which $107 billion (inclusive of MCIM's affiliates globally) is
invested in both listed and private or direct infrastructure mandates (as at
June 30, 2013).
Aston Hill Capital Markets Inc. (formerly Connor, Clark & Lunn Capital Markets
Inc.), will act as the manager (the "Manager") of the Fund. The Manager is a
leading provider of investment products having raised over $2.5 billion in
The offering is being made through a syndicate of agents co-led by RBC Capital
Markets, Macquarie Private Wealth Inc. and CIBC that includes BMO Capital
Markets, Scotiabank, National Bank Financial Inc., TD Securities Inc.,
Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins
Securities Inc., Manulife Securities Incorporated, Dundee Securities Ltd.,
Haywood Securities Inc., HSBC Securities (Canada) Inc. and Mackie Research
A preliminary prospectus containing important information relating to the
units of the Fund has been filed with the securities regulatory authorities in
the provinces and territories of Canada. The preliminary prospectus is
subject to completion or amendment. Copies of the preliminary prospectus may
be obtained from any of the above noted agents. There will not be any sale
or any acceptance of any offer to buy the securities until a receipt for the
final prospectus has been issued.
Stuart McClure Managing Director Macquarie Global Investments Canada Ltd.
(877) 484-4665 firstname.lastname@example.org
Darren Cabral Vice President & CFO Aston Hill Capital Markets Inc. (800)
SOURCE: Aston Hill Capital Markets Inc.
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CO: Aston Hill Capital Markets Inc.
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-0- Aug/26/2013 20:56 GMT
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