Macquarie Global Infrastructure Income Fund announces initial public offering

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[{"type":"text","content":"\n\n\nTORONTO, Aug. 26, 2013 /CNW/ - Macquarie Global Investments Canada Ltd.\n is pleased to announce that Macquarie Global Infrastructure Income Fund\n (the \"Fund\") has filed a preliminary prospectus with the securities\n regulatory authorities of all of the provinces and territories of\n Canada for an initial public offering of units of the Fund at a price\n of $10.00 per unit.\n\n\nThe Fund's investment objectives are to: (a) provide holders of units\n with quarterly cash distributions, initially targeted to be $0.15 per\n unit ($0.60 per annum representing an annual cash distribution of 6.0%\n based on the $10.00 per unit issue price); (b) maximize total return\n for unitholders, consisting of distributions and capital appreciation;\n and (c) preserve capital.  To achieve the Fund's investment objectives,\n the net proceeds of the offering will be invested in a portfolio\n consisting of infrastructure equity securities issued by global\n infrastructure companies that own and/or operate infrastructure assets.\n\n\nMacquarie Capital Investment Management LLC (\"MCIM\"), a member of\n Macquarie Group, is a global leader in the listed infrastructure sector\n and will act as the portfolio manager (the \"Portfolio Manager\") of the\n Fund. The Portfolio Manager is part of the Macquarie Funds Group\n (\"MFG\"), Macquarie Group's funds management business.  MFG is\n Australia's largest asset manager and world's largest infrastructure\n manager with over $366 billion globally in assets under management of\n which $107 billion (inclusive of MCIM's affiliates globally) is\n invested in both listed and private or direct infrastructure mandates\n (as at June 30, 2013).\n\n\nAston Hill Capital Markets Inc. (formerly Connor, Clark & Lunn Capital\n Markets Inc.), will act as the manager (the \"Manager\") of the Fund. \n The Manager is a leading provider of investment products having raised\n over $2.5 billion in assets.\n\n\nThe offering is being made through a syndicate of agents co-led by RBC\n Capital Markets, Macquarie Private Wealth Inc. and CIBC that includes\n BMO Capital Markets, Scotiabank, National Bank Financial Inc., TD\n Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond\n James Ltd., Desjardins Securities Inc., Manulife Securities\n Incorporated, Dundee Securities Ltd., Haywood Securit...

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