Macquarie Global Infrastructure Total Return Fund Inc. announces Board approval of reorganization with abrdn Global Infrastructure Income Fund
Macquarie Global Infrastructure Total Return Fund Inc. (MGU)
US:NYSE Investor Relations:
macquarie.com/mgl/com/us/mgu
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Today, Macquarie Global Infrastructure Total Return Fund Inc. (the “Acquired Fund”), a New York Stock Exchange-listed closed-end fund trading under the symbol “MGU”, announced that its Board of Directors (the “Board”) approved the reorganization of the Acquired Fund into abrdn Global Infrastructure Income Fund (the “Acquiring Fund”), a New York Stock Exchange-listed closed-end fund trading under the symbol “ASGI” (the “Reorganization”).It is currently expected that the Reorganization will be completed in the first quarter of 2023 subject to (i) approval of the Reorganization by the Acquired Fund shareholders, (ii) approval by Acquiring Fund shareholders of the issuance of shares of the Acquiring Fund, and (iii) the satisfaction of customary closing conditions.Delaware Management Company, a series of Macquarie Investment Management Business Trust, is the investment manager of the Acquired Fund. abrdn Inc. is the investment adviser of the Acquiring Fund, a
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