Macquarie Global Infrastructure Total Return Fund Inc. Announces Date of Reorganization Into abrdn Global Infrastructure Income Fund
23 December 2022 - 10:05AM
Business Wire
Today, Macquarie Global Infrastructure Total Return Fund Inc.
(the “Fund”), a New York Stock Exchange (NYSE)-listed closed-end
fund trading under the symbol “MGU”, announced that the anticipated
closing date of the reorganization of the Fund into abrdn Global
Infrastructure Income Fund, a NYSE-listed closed-end fund trading
under the symbol “ASGI” (the “Reorganization”), will be completed
by the open of business on the NYSE on Monday, March 13, 2023,
subject to the satisfaction of customary closing conditions. To
facilitate the Reorganization, all shares of the Fund will cease
trading on the NYSE as of market close on Friday, March 10,
2023.
The Reorganization, if completed, would occur based on the
relative net asset value of the common shares of the Fund.
Further details on any applicable special distribution will be
made available in a future press release.
About the Fund
Macquarie Global Infrastructure Total Return Fund Inc., a
diversified closed-end fund, is listed on the New York Stock
Exchange. The Fund’s investment adviser is Delaware Management
Company (“Investment Adviser”), a series of Macquarie Investment
Management Business Trust, which is a subsidiary of Macquarie
Management Holdings, Inc. (“MMHI”). MMHI is a subsidiary, and
subject to the ultimate control, of Macquarie Group Limited.
Macquarie Asset Management is a global asset manager that aims to
deliver positive impact for everyone. Trusted by institutions,
pension funds, governments, and individuals to manage more than
$US508 billion in assets globally,1 we provide access to specialist
investment expertise across a range of capabilities including
infrastructure, green investments & renewables, real estate,
agriculture & natural assets, asset finance, private credit,
equities, fixed income and multi asset solutions.
The Fund seeks to achieve its investment objective by investing,
under normal market conditions, at least 80% of its total assets
(which includes the aggregate of the Fund’s average daily net
assets plus proceeds from any outstanding borrowings used for
leverage) in equity and equity-like securities and instruments,
such as common stocks, preferred stocks, convertible securities and
hybrid securities issued by US and non-US issuers (Infrastructure
Issuers) that primarily own or operate Infrastructure Assets.
“Infrastructure Assets” are an underlying foundation of basic
services, facilities and institutions upon which the growth and
development of a community depends and may provide the necessities
of everyday life, such as fresh water, roads, airports, utilities,
power, steam heating systems, hospitals, schools and other social
services.
Past performance is no assurance of future results. Investment
return and market value of an investment in the Fund will
fluctuate. Shares, when sold, may be worth more or less than their
original cost. An investor should consider the Fund's investment
objective, risks, charges and expenses carefully before investing.
Forward-looking statements are based on information that is
available on the date hereof, and neither the Investment Adviser
nor any other person affiliated with the Investment Adviser has any
duty to update any forward-looking statements. Important factors
that could affect actual results to differ from these statements
include, among other factors, material, negative changes to the
asset class and the actual composition of the portfolio.
1 As of September 30, 2022
© 2022 Macquarie Management Holdings, Inc.
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Investor/Broker Inquiries Tel: 866 567-4771 E-mail:
MGU-Questions@macquarie.com Web: www.macquarieim.com/mgu
Media Inquiries Lee Lubarsky 347 302-3000
Lee.Lubarsky@macquarie.com
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