NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) announced that no performance fee is payable to its management company, Macquarie Infrastructure Management (USA) Inc. (“MIMUSA”), for the fourth quarter of 2016. Performance fees are payable when the total return generated by the Company exceeds that of its benchmark index, the MSCI US Utilities Index, both in the quarter and cumulatively.
MIC intends to publish a press release summarizing its financial results for the quarter and year ended December 31, 2016 after the close of market trading on Tuesday, February 21, 2017. A conference call and webcast for analysts and investors is scheduled at 8:00 a.m. Eastern Time on Wednesday, February 22, 2017.
MIC owns, operates and invests in a diversified group of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of a bulk liquid terminals business, International-Matex Tank Terminals, an airport services business, Atlantic Aviation, entities comprising an energy services, production and distribution segment, MIC Hawaii, and entities comprising a Contracted Power and Energy segment. For additional information, please visit the MIC website at www.macquarie.com/mic. MIC-G
MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.