Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: “MGU” or the “Fund”) announced today that it had executed a one-year renewal of its commercial paper conduit (“CP Conduit”) with TSL (USA) Inc. as conduit lender, and National Australia Bank, New York branch as secondary lender, on October 31, 2008. The Fund reduced the maximum commitment under the CP Conduit from $200 million to $150 million.
To be in line with the Fund’s historical asset coverage ratio levels, the Fund’s investment adviser, Macquarie Capital Investment Management LLC (the “Manager”), decided to reduce the amount outstanding on the CP Conduit by $48 million during the first two weeks in October, bringing the total amount outstanding to $90 million as of October 31, 2008. As of October 31, 2008, the Fund’s asset coverage ratio stood at 376%, which is above the 300% minimum outlined in the Fund’s prospectus.
The Manager believes the Fund continues to provide U.S. investors with an attractive vehicle to access the global universe of infrastructure securities. While global equity markets have recently been difficult, the Manager remains committed to the investment strategy of the Fund, and will continue to focus on the securities of infrastructure companies that it believes provide essential services, have strong strategic positions in the businesses in which they are involved, and are able to generate sustainable and growing cash flow streams to equity holders.
About the Macquarie Global Infrastructure Total Return Fund Inc.
Macquarie Global Infrastructure Total Return Fund Inc., a non-diversified closed-end fund, is listed on the NYSE. The Fund’s Manager is a part of Macquarie Funds Group and a wholly-owned, indirect subsidiary of Macquarie Group Limited.
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 costs. An investor should consider investment objectives, risks, charges and expenses carefully before investing.
Investments in the Fund are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (“MBL”) or any Macquarie Group company and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. Neither MBL nor any other member company of the Macquarie Group guarantees the performance of the Fund or the repayment of capital from the Fund or any particular rate of return.
Contacts:
Macquarie Global Infrastructure
Total Return Fund Inc.
1-800-910-1434
mgu-questions@macquarie.com
www.macquarie.com/mgu
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Inquiries:
Macquarie Group
Paula Chirhart, 212-231-1239
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