TORONTO, June 10, 2013 /CNW/ - Macquarie Emerging Markets Infrastructure
Income Fund (the "Fund") is pleased to announce an increase in its
targeted quarterly distribution from $0.15 per unit to $0.17 per unit.
This represents a 13% increase in its quarterly distribution. The Fund
has declared its next distribution, in the amount of $0.17 per unit,
will be payable on or about July 15, 2013 to unitholders of record on
June 28, 2013. The Fund has paid quarterly distributions on its units
of $0.15 per unit since its inception.
We are pleased to increase the distribution," said Mr. Jonathan Ong,
Co-Portfolio Manager of the Fund. "The companies in the portfolio
continue to perform largely in line with expectations and this solid
performance has been reflected in their share prices. The increase in
distributions is driven by the ongoing improved market conditions and
lower borrowing costs for the companies we invest in. It is prudent to
pass that benefit through to our unitholders." The increased
distribution follows strong performance for the Fund of 7.7% per annum
since inception to May 31, 2013. This is more than 10% per annum ahead
of broad emerging market equities which had performance of -2.4% per
annum during the same time period (measured using the MSCI Emerging
Markets Index (CAD))
The Fund's total returns for the periods ending May 31, 2013, based on
its net asset value and distributions paid, were as follows:
Macquarie will host a conference call with Jon Ong, Co-Portfolio
Manager, to provide an update on the Fund. The call is scheduled for
Monday June 17, 2013 at 11:00 AM EST. The participant dial-in number
for the conference call is 1-800-269-0310. A replay of the call and the
Fund update presentation will be available at www.cclcapitalmarkets.com and www.macquarieglobalinvestments.ca.
Macquarie Capital Investment Management LLC ("MCIM"), a member of
Macquarie Group, is a global leader in the listed infrastructure sector
and acts as the portfolio manager of the Fund. MCIM is part of the
Macquarie Funds Group ("MFG"), Macquarie Group's funds management
business. MFG is Australia's largest asset manager with over $364
billion globally in assets under management as at March 31, 2013.
Connor, Clark & Lunn Capital Markets Inc. (the "Manager") is the manager
of the Fund. The
Manager is a leading Canadian structured financial products investment
firm that is focused on creating and managing high quality investment
vehicles. The Manager is part of the Connor, Clark & Lunn Financial
Group, a multi-boutique asset management firm whose affiliated managers
are collectively responsible for the investment of approximately $46
billion in assets.
The Fund's units trade on the Toronto Stock Exchange under the symbols
Commissions, trailing commissions, management fees and expenses all may
be associated with fund investments. The indicative rates of return are
historical annual compounded total returns including changes in the
unit value and reinvestment of all distributions and do not take into
account sales, redemptions, distributions or optional charges or income
taxes payable by any security holder that would have reduced returns.
Fund investments are not guaranteed, their values change frequently and
past performance may not be repeated.
SOURCE: Connor, Clark & Lunn Capital Markets Inc.
For further information:
Please visit www.cclcapitalmarkets.com or www.macquarieglobalinvestments.ca or contact:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
Macquarie Global Investments