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:
|1 Year||Since Inception|
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 MQA.UN.
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:
Vice President & CFO
Connor, Clark & Lunn Capital Markets Inc.
Macquarie Global Investments