TORONTO, May 2, 2012 /CNW/ - Connor, Clark & Lunn Capital Markets Inc. today announces that a preliminary prospectus relating to an offering of Warrants of Macquarie Emerging Markets Infrastructure Income Fund (the "Fund") has been filed and receipted by the securities regulatory authorities of all the Canadian provinces and territories.
Each holder of a Unit at the close of business (Toronto time) on the Record Date will receive one transferable Warrant for each Unit held. Each Warrant will entitle the holder thereof to acquire one Unit upon payment of the Subscription Price prior to 5:00 p.m. (Toronto time) on an Exercise Date. Warrants may be exercised on or before 5:00 p.m. (Toronto time) on Monday of each week commencing on October 1, 2012 and ending on January 28, 2013.
The subscription price for the Warrants will be the lesser of: (a) $11.3090 being the most recently calculated net asset value ("NAV") per Unit prior to the date of filing the preliminary short form prospectus, plus the estimated fees and expenses per Unit of the Offering and plus the Warrant Exercise Fee, and (b) the most recently calculated NAV per Unit prior to the date of filing the final short form prospectus, plus the estimated fees and expenses per Unit of the Offering and plus the Warrant Exercise Fee.
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 $320 billion globally in assets under management.
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 $40 billion in assets.
The Units of the Fund are listed on the TSX under the symbol MQA.UN.
For further information:
Vice President & Chief Financial Officer
Connor, Clark & Lunn Capital Markets Inc.
(416) 214-6182 or (888) 276 2258
Macquarie Global Investments