WHEATON, Ill.--(BUSINESS WIRE)--Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the “Fund”) (NYSE: MFD) has declared the Fund’s regularly scheduled quarterly distribution payable on August 31, 2015, to shareholders of record as of August 25, 2015. The ex-dividend date is expected to be August 21, 2015. The quarterly distribution information for the Fund appears below:
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Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (MFD): |
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| Distribution per share: | $0.35 | |||||
| Distribution Rate based on the August 7, 2015 NAV of $15.37: | 9.11% | |||||
| Distribution Rate based on the August 7, 2015 closing market price of $14.06: | 9.96% | |||||
A portion of the distribution may be treated as paid from sources other than net investment income, including short-term capital gain, long-term capital gain and return of capital. The final determination of the source and tax status of all distributions paid in 2015 will be made after the end of 2015.
The Fund is a non-diversified, closed-end management investment company that seeks a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies that are involved in the management, ownership and/or operation of infrastructure and utility assets in a select group of developed countries.
First Trust Advisors L.P., the Fund’s investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $118 billion as of July 31, 2015, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
Macquarie Capital Investment Management LLC (“MCIM”) and Four Corners Capital Management, LLC (“Four Corners”) are the Fund's investment sub-advisors. Both MCIM and Four Corners operate within Macquarie Funds Group (“MFG”) and are wholly-owned, indirect subsidiaries of Macquarie Group Limited (“Macquarie Group”). Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services. Macquarie Funds Group is the global investment management business of Macquarie Group. The Fund’s Core Component, which consists primarily of equity securities and equity-like securities issued by infrastructure issuers, is managed by MCIM, which started operations in 2004 with the launch of the Fund. MCIM and its Australia-based affiliates managed approximately $2.1 billion of assets as of July 31, 2015, in MFG’s Infrastructure Securities portfolios, which includes the Fund. The Fund’s Senior Loan Component is managed by Four Corners. Four Corners was founded in 2001 and became a wholly-owned, indirect subsidiary of Macquarie Group in 2008. Four Corners managed approximately $1.8 billion of assets as of July 31, 2015, with an emphasis on Senior Loans.
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.
Principal Risk Factors: The Fund principally invests in a global portfolio of infrastructure stocks in a range of currencies and senior secured loans. Accordingly, the Fund’s NAV will fluctuate with changes in the value of the Fund’s holdings. Investment in infrastructure and utilities issuers are subject to various risks including governmental regulations, high interest costs associated with capital construction programs, costs associated with environmental regulation, the effects of economic slowdown and surplus capacity, competition from other providers of services and other factors. Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries. Other risks include senior loan risk, high-yield securities risk, non-diversification risk, interest rate risk, credit risk, and qualified dividend income tax risk. The risks of investing in the Fund are spelled out in the shareholder report and other regulatory filings.
The Fund’s daily New York Stock Exchange closing price and net asset value per share as well as other related information can be found at www.ftportfolios.com or by calling 1-800-988-5891.
