Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Declares Regular Quarterly Distribution, Special Distribution and Long-Term Capital Gain Distribution
Friday November 16, 5:44 pm ET
LISLE, Ill.--(BUSINESS WIRE)--Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the “
) today declared its regularly scheduled quarterly distribution for the period ending November 30, 2007 of $0.425 per share. The Fund also declared a special distribution of $0.415 per share and a long-term capital gain distribution of $4.425 per share.
Based on the New York Stock Exchange closing price of $26.75 and the net asset value of $29.44 on November 15, 2007, the Fund’s regular quarterly distribution equates to an annualized distribution rate of 6.36% at market and 5.77% at NAV.
The regular quarterly distribution of $0.425 per share will be payable on November 30, 2007 to shareholders of record on November 26, 2007, with an expected ex-dividend date of November 21, 2007. The final determination of the source and tax status of all distributions paid in 2007 will be made after the end of 2007.
The special distribution of $0.415 per share and the long-term capital gain distribution of $4.425 per share will be payable on December 31, 2007 to shareholders of record on November 26, 2007, with an expected ex-dividend date of November 21, 2007.
The Fund is a closed-end management investment company, investing predominantly in listed infrastructure and utilities companies in selected developed countries globally. The Fund’s investment objective is to seek a high level of current return consisting of dividends, interest and other similar income, while attempting to preserve capital.
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 invests principally in equity securities of companies in the infrastructure and utilities industry in various developed markets; accordingly the Fund’s NAV will fluctuate with changes in the value of the Fund’s holdings. Investments in infrastructures and utilities issuers is 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 foreign securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries. Please see the Fund’s prospectus for additional information on the risks of investing in the Fund.
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.
Macquarie/First Trust Global Infrastructure/Utilities
Dividend & Income Fund
Jane Doyle, 630-241-8775
Jeff Margolin, 630-915-6784
Jeff Margolin, 630-915-6784
Source: Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund