TORONTO, Feb. 18 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. (the "Manager"), is pleased to announce that Macquarie Emerging Markets Infrastructure Income Fund (the "Fund") has completed its initial public offering of combined units (each combined unit consisting of one unit of the Fund and one warrant for one unit) at a price of $12.00 per combined unit for gross proceeds of $50,400,000.

The combined units are listed on the Toronto Stock Exchange under the symbol MQA.A. The units and warrants comprising the combined units will separate immediately following the earlier of the closing of the final exercise of the over-allotment option granted by the Fund or 30 days after the closing of the initial public offering. Following such separation, the units and the warrants will trade on the Toronto Stock Exchange under the symbols MQA.UN and MQA.WT, respectively. Each warrant entitles the holder to purchase one unit at a subscription price of $12.00 on or before January 31, 2012.

The Fund's investment objectives are to generate: (a) quarterly distributions for holders of units initially targeted to be $0.15 per unit ($0.60 per annum representing an annual cash distribution of 5.0% based on the $12.00 per combined unit issue price); and (b) total return for unitholders, consisting of dividend income and capital appreciation. 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 entities domiciled in emerging markets.

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 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 $300 billion globally in assets under management of which $93 billion (inclusive of MCIM's affiliates) is invested in both listed and private or direct infrastructure mandates (as at September 30, 2010).

Connor, Clark & Lunn Capital Markets Inc., as the manager of the Fund, will perform or will arrange for the performance of management services for the Fund, including portfolio management services, and will be responsible for the overall undertaking of the Fund. The Manager is a leading provider of investment products, having raised over $1.8 billion in assets. The Manager is part of the Connor, Clark & Lunn Financial Group.

The offering was made through a syndicate of agents co-led by RBC Capital Markets, CIBC and BMO Capital Markets that includes National Bank Financial Inc., Scotia Capital Inc., Macquarie Private Wealth Inc., GMP Securities L.P., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Desjardins Securities Inc., Dundee Securities Corporation, Raymond James Ltd. and Wellington West Capital Markets Inc.

SOURCE Macquarie Emerging Markets Infrastructure Income Fund

For further information:

please visit or or contact:

W. Neil Murdoch      
President & Chief Executive Officer    
Connor, Clark & Lunn Capital Markets Inc.   
(416) 364-2839     
Stuart McClure
Managing Director
Macquarie Global Investments
(877) 484-4665

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Macquarie Emerging Markets Infrastructure Income Fund

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