TORONTO, March 22, 2017 /CNW/ - As previously announced, LOGiQ Asset Management Ltd. (the "Manager"), as manager of Macquarie Emerging Markets Infrastructure Income Fund (the "Fund") (TSX: MQA.UN), announced on February17, 2017 plans to terminate the Fund based on a target completion date on or about March 22, 2017.
On March 21, 2017, following the completion of the conversion of the assets of the Fund to cash, and the satisfaction of, or provision for, all liabilities of the Fund, the net asset value ("NAV") of the Fund was approximately $9.73 per Unit. The Fund's Units will be delisted from the Toronto Stock Exchange on March 31, 2017. Final payment of the net assets of the Fund, on a pro rata basis based on the NAV per Unit, will be made on April 5, 2017. Following such distribution, the Fund will terminate.
The Fund is also declaring a special taxable income distribution of $0.10 per Unit to unitholders of record on March 31, 2017 (the "Special Distribution"). The Fund intends to pay the Special Distribution in cash together with the final NAV on April 5, 2017.
Macquarie Emerging Markets Infrastructure Income Fund is a closed-end investment trust managed by the Manager. The Manager is a wholly-owned subsidiary of LOGiQ Asset Management Inc. (TSX: LGQ), (formerly: "Aston Hill Financial Inc." (TSX: AHF)). LOGiQ Asset Management Inc. is a diversified asset management company with a suite of retail mutual funds, closed end funds, hedge funds and segregated institutional funds. LOGiQ Asset Management is headquartered in Toronto.
SOURCE LOGiQ Asset Management Ltd.
For further information: Craig Keats, Head of Sales Strategy, LOGiQ Asset Management Inc., (416) 583-2300