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Macquarie Global Infrastructure Total Return Fund Inc. Announces Monthly Distribution
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
The Board of Directors of Macquarie Global Infrastructure Total Return Fund (NYSE:MGU) announced a monthly distribution of $0.13 per share for September 2022. This distribution reflects an annualized rate of 6.81% based on the Fund's net asset value ($22.92) and 8.19% at its market price ($19.05). Payment is scheduled for October 28, 2022, with a record date of October 21 and an ex-dividend date of October 20. Portions of the distribution may derive from sources beyond net income.
Positive
Monthly distribution of $0.13 per share indicates a strong ongoing yield.
Annualized distribution rates of 6.81% at NAV and 8.19% at market price reflect attractive income for investors.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (“Fund”) declared on October 4, 2022, a regular distribution for the month ending September 30, 2022 of $0.13 per share.
Based on the Fund’s net asset value (“NAV”) per share of $22.92 and New York Stock Exchange closing market price of $19.05 on September 30, 2022, the $0.13 per share distribution is equal to an annualized distribution rate of 6.81% at NAV and 8.19% at market price.
A portion of the distributions may be treated as paid from sources other than net income, including, but not limited to, short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2022, including the percentage of qualified dividend income, will be made by the Fund after Dec. 31, 2022.
This distribution will be payable on October 28, 2022, to shareholders of record on October 21, 2022, with an ex-dividend date of October 20, 2022.
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 $US534 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.
Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
What is the latest distribution declared by Macquarie Global Infrastructure Total Return Fund (MGU)?
The latest distribution declared by the Macquarie Global Infrastructure Total Return Fund (MGU) is $0.13 per share for September 2022.
What are the distribution rates for MGU as of September 30, 2022?
The annualized distribution rates for MGU as of September 30, 2022, are 6.81% based on NAV and 8.19% based on the market price.
When is the distribution payment date for MGU?
The distribution payment date for MGU is scheduled for October 28, 2022.
What is the record date for MGU's distribution?
The record date for MGU's distribution is October 21, 2022.
Is any portion of MGU's distribution paid from sources other than net income?
Yes, a portion of MGU's distribution may be treated as coming from sources other than net income, including short-term capital gain and return of capital.
Macquarie Global Infrastructure Total Return Fund Inc.
