Macquarie Global Infrastructure Total Return Fund Inc. Announces Final Results of Annual Meeting of Stockholders
NEW YORK--(BUSINESS WIRE)-- The Board of Directors of Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU) (the Fund) announced today the final results of the Funds Annual Meeting of Stockholders that was held on June 21, 2012.
At the Annual Meeting, stockholders considered the election of one Class I Director of the Fund. Final results certified by the Independent Inspector of Election confirmed that a quorum was present but neither nominee received a sufficient number of votes to be elected. Therefore, the incumbent Class I Director, Gordon A. Baird, will continue as Director until such time as his successor is duly elected and qualifies.
Stockholders also considered the non-binding stockholder proposal requesting that the Board amend the Funds Bylaws to change the voting standard for contested Director elections. The non-binding proposal received an affirmative vote of a majority of the shares voted, but less than a majority of the outstanding shares. The Board will consider this matter at a future Board meeting and will give the proposal such weight as it believes appropriate under the circumstances, including the results of the voting.
About the Macquarie Global Infrastructure Total Return Fund Inc. (MGU)
Macquarie Global Infrastructure Total Return Fund Inc., a non-diversified closed-end fund, is listed on the NYSE.
The Funds investment adviser is Macquarie Capital Investment Management LLC, which 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. 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.
Investments in the Fund are not deposits with or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL) nor 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.
Paula Chirhart, Corporate Communications
Source: Macquarie Global Infrastructure Total Return Fund Inc.Copyright Business Wire 2012