TORONTO, Oct. 31, 2013 /CNW/ - Macquarie Global Investments Canada Ltd.,
is pleased to announce that Macquarie Global Infrastructure Income Fund
(the "Fund") has completed an issuance of an additional 380,000 units
pursuant to the exercise of the over-allotment option granted to the
Fund's agents in its recently completed initial public offering.
Altogether, the Fund has raised gross proceeds of $53,800,000 under the
offering, including the proceeds of the over-allotment option.
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 infrastructure assets.
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
investor 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. 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 assets.
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 Capital Corporation.
SOURCE: Macquarie Global Investments Canada Ltd.
For further information:
For further information, please visit www.astonhill.ca or www.macquarieglobalinvestments.ca or contact:
Macquarie Global Investments Canada Ltd.
Vice President & CFO
Aston Hill Capital Markets Inc.