{"id":739421,"date":"2023-03-13T07:44:17","date_gmt":"2023-03-13T11:44:17","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/macquarie-global-infrastructure-total-return-fund-inc-announces-completion-of-reorganization-into-abrdn-global-infrastructure-income-fund\/"},"modified":"2023-03-13T07:44:17","modified_gmt":"2023-03-13T11:44:17","slug":"macquarie-global-infrastructure-total-return-fund-inc-announces-completion-of-reorganization-into-abrdn-global-infrastructure-income-fund","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/macquarie-global-infrastructure-total-return-fund-inc-announces-completion-of-reorganization-into-abrdn-global-infrastructure-income-fund\/","title":{"rendered":"Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund"},"content":{"rendered":"<p>        <!--.bwalignl { text-align: left }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadl1 { padding-left: 5px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth16 { width: 16% }\n.bwwidth20 { width: 20% }\n.bwwidth64 { width: 64% }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p>\nMacquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund\n<\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nToday, Macquarie Global Infrastructure Total Return Fund Inc. (the \u201cFund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cMGU,\u201d announced that the acquisition of substantially all of the assets of the Fund by abrdn Global Infrastructure Income Fund (the \u201cAcquiring Fund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cASGI,\u201d was completed on March 10, 2023 at approximately 5:00 pm ET (the \u201cReorganization\u201d). Fund shareholders approved an Agreement and Plan of Acquisition that provided for the Reorganization at a Special Meeting of Shareholders held on November 9, 2022.\n<\/p>\n<p>\nRelevant details as of the closing of the Reorganization are as follows:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwwidth64 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>FUND<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwwidth16 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>NAV\/SHARE ($)<\/b><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwwidth20 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>CONVERSION RATIO<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwwidth64 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nabrdn Global Infrastructure Income Fund\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwvertalignb bwwidth16 bwalignl bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n20.3964\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwvertalignb bwwidth20 bwalignl bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\nN\/A\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwleftsingle bwrightsingle bwwidth64 bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMacquarie Global Infrastructure Total Return Fund Inc.\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwvertalignb bwwidth16 bwalignl bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n27.1077\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadr0 bwvertalignb bwwidth20 bwalignl bwpadl1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n1.329043\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nAny applicable fractional shares will be paid as cash-in-lieu to the applicable holder.\n<\/p>\n<p>\nThe Reorganization was structured as a tax-free transaction. In early 2024, shareholders of the Fund will receive a Form 1099-DIV for the calendar year 2023 that will tell shareholders how to report Fund distributions for federal income tax purposes.\n<\/p>\n<p>\nThe Fund will be de-listed from the New York Stock Exchange and dissolved. Questions regarding the exchange of shares of the Fund in connection with the Reorganization should be directed to 800 522-5465.\n<\/p>\n<p><b>Other than Macquarie Bank Limited ABN 46 008 583 542 (\u201cMacquarie Bank\u201d), any Macquarie Group entity noted in this press release is not an authorised 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 press release 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.<\/b><\/p>\n<p>\n\u00a9 2023 Macquarie Management Holdings, Inc.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230313005465r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230313005465\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230313005465\/en\/<\/a><\/span><\/p>\n<p><b>Investor\/Broker Inquiries<br \/>\n<\/b><br \/>Tel: 866 567-4771<br \/>\n<br \/>E-mail: <a rel=\"nofollow\" href=\"mailto:MGU-Questions@macquarie.com\">MGU-Questions@macquarie.com<br \/>\n<\/a><br \/>Web:<b \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.macquarieim.com%2Fmgu&amp;esheet=53360927&amp;newsitemid=20230313005465&amp;lan=en-US&amp;anchor=www.macquarieim.com%2Fmgu&amp;index=1&amp;md5=16696cb3b759dab28525664555689572\">www.macquarieim.com\/mgu<br \/>\n<\/a><\/p>\n<p><b>Media Inquiries<br \/>\n<\/b><br \/>Lee Lubarsky<br \/>\n<br \/>347 302-3000<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:Lee.Lubarsky@macquarie.com\">Lee.Lubarsky@macquarie.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund NEW YORK&#8211;(BUSINESS WIRE)&#8211; Today, Macquarie Global Infrastructure Total Return Fund Inc. (the \u201cFund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cMGU,\u201d announced that the acquisition of substantially all of the assets of the Fund by abrdn Global Infrastructure Income Fund (the \u201cAcquiring Fund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cASGI,\u201d was completed on March 10, 2023 at approximately 5:00 pm ET (the \u201cReorganization\u201d). Fund shareholders approved an Agreement and Plan of Acquisition that provided for the Reorganization at a Special Meeting of Shareholders held on November 9, 2022. Relevant details as of the closing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/macquarie-global-infrastructure-total-return-fund-inc-announces-completion-of-reorganization-into-abrdn-global-infrastructure-income-fund\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-739421","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/macquarie-global-infrastructure-total-return-fund-inc-announces-completion-of-reorganization-into-abrdn-global-infrastructure-income-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Macquarie Global Infrastructure Total Return Fund Inc. announces completion of reorganization into abrdn Global Infrastructure Income Fund NEW YORK&#8211;(BUSINESS WIRE)&#8211; Today, Macquarie Global Infrastructure Total Return Fund Inc. (the \u201cFund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cMGU,\u201d announced that the acquisition of substantially all of the assets of the Fund by abrdn Global Infrastructure Income Fund (the \u201cAcquiring Fund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cASGI,\u201d was completed on March 10, 2023 at approximately 5:00 pm ET (the \u201cReorganization\u201d). Fund shareholders approved an Agreement and Plan of Acquisition that provided for the Reorganization at a Special Meeting of Shareholders held on November 9, 2022. 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(the \u201cFund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cMGU,\u201d announced that the acquisition of substantially all of the assets of the Fund by abrdn Global Infrastructure Income Fund (the \u201cAcquiring Fund\u201d), a New York Stock Exchange-listed closed-end fund trading under the symbol \u201cASGI,\u201d was completed on March 10, 2023 at approximately 5:00 pm ET (the \u201cReorganization\u201d). Fund shareholders approved an Agreement and Plan of Acquisition that provided for the Reorganization at a Special Meeting of Shareholders held on November 9, 2022. 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