MIC Provides Update on COVID-19 Impact
Macquarie Infrastructure Holdings, LLC Common Unit (MIC)
Last macquarie infrastructure holdings, llc common unit earnings: 2/25 07:00 am
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US:NYSE Investor Relations:
macquarie.com/mgl/com/mic/investor-center/stock-information
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Source: Business Wire
Suspends quarterly cash dividend, withdraws guidance Strategic alternatives process ongoing NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Corporation (NYSE: MIC) (“MIC” or the “Company”) today announced that, in response to the impact of COVID-19, the Company is withdrawing its guidance and suspending its quarterly cash dividend.“Since our March 18, 2020 trading update, the global impact of COVID-19, including limitations on travel, has reduced demand for the products and services provided by our Atlantic Aviation and MIC Hawaii businesses, while utilization at our IMTT business has continued to improve,” said Christopher Frost, chief executive officer of MIC. “Given the uncertainty stemming from COVID-19, we are withdrawing the guidance provided to the market on February 25, 2020 and suspending the quarterly cash dividend. The measures we are announcing today will increase our balance sheet strength and liquidity and position us well to withstand the current slowdown in acti
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