Macquarie Global Infrastructure Total Return Fund Inc. Announces Final Results of Cash Tender Offer
06 April 2013 - 12:23AM
Business Wire
Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:
MGU) (the “Fund”) announced today the final results of its cash
tender offer for up to 1,385,366 (representing approximately 10%)
of its issued and outstanding shares of common stock (the “Offer”).
The Offer expired on April 3, 2013, at 12:00 midnight, New York
City time.
Based on information provided by The Colbent Corporation, the
depository for the tender offer, approximately 2,942,972 shares of
common stock or approximately 21.2% of the Fund’s outstanding
shares of common stock were properly tendered, and the Fund has
accepted 1,385,366 shares for cash payment at a price equal to
$21.37 per share, which represents 92% of the Fund’s net asset
value per share (“NAV”) as of the close of regular trading session
of the New York Stock Exchange (“NYSE”) on April 4, 2013. Since the
total number of shares tendered exceeds the number of shares the
Fund offered to purchase, on a prorated basis, 47.1% of the shares
of common stock tendered by each tendering shareholder were
accepted for payment. Following the purchase of the properly
tendered shares, the Fund will have approximately 12,468,293
outstanding shares.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains forward-looking statements. These
statements are based on the current expectations and beliefs of the
Fund’s management and are subject to a number of factors and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. The
forward-looking statements contained in this document include
references to completion of the tender offer and the payment for
shares related thereto. These statements, including their
underlying assumptions, are subject to risks and uncertainties and
are not guarantees of future performance. Results may differ due to
various factors such as the possibility that shareholders may not
tender their shares in the tender offer, or other conditions to
completion of the tender offer are not satisfied. For further
details of these risks, you should read our filings with the
Securities and Exchange Commission related to the tender offer,
including our Schedule TO and the documents referred to therein.
Except as required by law, the Fund is under no obligation to (and
expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events, or otherwise.
About Macquarie Global Infrastructure Total Return Fund
Inc.
Macquarie Global Infrastructure Total Return Fund Inc. is a
non-diversified, closed-end management investment company that
seeks to provide a high level of total return consisting of
dividends and other income, and capital appreciation. The Fund’s
investment adviser is Macquarie Capital Investment Management LLC
with its principal executive offices located at 125 West 55th
Street, New York, New York 10019. The Fund is a closed-end fund and
does not continuously offer or redeem shares.
About Macquarie
Macquarie Group (Macquarie) is a global provider of banking,
financial, advisory, investment and funds management services.
Macquarie’s main business focus is making returns by providing a
diversified range of services to clients. Founded in 1969,
Macquarie operates in more than 70 office locations in 28 countries
and employs more than 13,400 people. Assets under management total
approximately US$353 billion at September 30, 2012.
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