Macquarie Global Infrastructure Total Return Fund Inc. announces results of the special stockholder meeting relating to the proposed reorganization with abrdn Global Infrastructure Income Fund
November 09 2022 - 5:37PM
Business Wire
Today, Macquarie Global Infrastructure Total Return Fund Inc.
(the “Acquired Fund”), a New York Stock Exchange-listed closed-end
fund trading under the symbol “MGU”, announced that it held its
Special Meeting of Stockholders (the “Meeting”) on November 9,
2022. At the Meeting, stockholders of the Acquired Fund voted to
approve the reorganization of the Acquired Fund into abrdn Global
Infrastructure Income Fund (the “Acquiring Fund”), a New York Stock
Exchange-listed closed-end fund trading under the symbol “ASGI”
(the “Reorganization”).
As of the record date, August 11, 2022, the Acquired Fund had
outstanding 12,303,293 shares of common stock. 60.79% of
outstanding common stock were voted representing quorum.
Proposal:
Votes
For
Votes
Against
Votes
Abstained
6,768,448
559,278
151,378
It is currently expected that the Reorganization will be
completed in the first quarter of 2023 subject to (i) approval by
Acquiring Fund shareholders of the issuance of shares of the
Acquiring Fund and (ii) the satisfaction of customary closing
conditions.
Delaware Management Company, a series of Macquarie Investment
Management Business Trust, is the investment manager of the
Acquired Fund. abrdn Inc. is the investment adviser of the
Acquiring Fund and Aberdeen Asset Managers Limited is the
investment sub-adviser of the Acquiring Fund.
The information in this press release is for informational
purposes only and shall not constitute an offer to sell or the
solicitation of an offer to sell or the solicitation of an offer to
buy any securities or the solicitation of any vote or approval in
any jurisdiction pursuant to or in connection with the proposed
transaction or otherwise, nor shall there be any sale, issuance or
transfer of securities in any jurisdiction in contravention of
applicable law. No offer of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the
Securities Act of 1933, as amended.
About the Acquired 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221109006092/en/
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
Macquarie Global Infrast... (NYSE:MGU)
Historical Stock Chart
From Apr 2024 to May 2024
Macquarie Global Infrast... (NYSE:MGU)
Historical Stock Chart
From May 2023 to May 2024