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Macquarie Infrastructure Company Announces Filing of Shelf Registration Statement/Implementation of

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Macquarie Infrastructure Company Announces Filing of Shelf Registration Statement/Implementation of Dividend Reinvestment Program and Reporting Dates

  • Company to conduct conference call and webcast covering first quarter 2013 financial results on Tuesday, April 30, 2013
  • Company to conduct annual general meeting on May 20, 2013

NEW YORK–(BUSINESS WIRE)– Macquarie Infrastructure Company (NYS: MIC) announced that it has filed an automatic shelf registration statement on Form S-3 (“shelf”) with the Securities and Exchange Commission.

Along with the shelf registration statement the Company has filed a prospectus supplement with respect to a previously announced dividend reinvestment/direct stock purchase program named MIC Direct. The prospectus supplement relates to the issuance of up to 1 million additional shares of MIC to participants in MIC Direct. The Company may also choose to fill requests for reinvestment of dividends or share purchases through MIC Direct via the open market.

Investors interested in participating in MIC Direct may contact the plan administrator, Computershare Trust Company, N.A. (“Computershare”), at 866-867-6422 or on-line at www.computershare.com/investor for a copy of the prospectus and the prospectus supplement as well as application forms.

The filing of the shelf registration of Form S-3 allows the Company to issue and sell an indeterminate amount of its LLC interests and debt securities in one or more future offerings. The specific terms of any future offering will be established by the Company at the time of the offering, subject to market conditions, and will be described in a prospectus supplement filed at the time of such offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offer of securities will be made solely by means of the prospectus included in the registration statement and any applicable prospectus supplement that may be issued with respect to any offering.

MIC also announced that it intends to release its financial results for the first quarter of 2013 after the close of market trading on Monday, April 29, 2013. The Company has scheduled a conference call and webcast for analysts and investors at 8:00 a.m. Eastern Time on Tuesday, April …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Macquarie Infrastructure Company Generates Performance Fee in First Quarter of 2013

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Macquarie Infrastructure Company Generates Performance Fee in First Quarter of 2013

  • $22.0 million fee to be reinvested in additional LLC interests

NEW YORK–(BUSINESS WIRE)– Macquarie Infrastructure Company (NYS: MIC) announced that its management company, Macquarie Infrastructure Management (USA) Inc. (“MIMUSA“), has earned a performance fee of $22.0 million for the first quarter of 2013.

Based on the Management Services Agreement (“MSA“) between MIC and MIMUSA, the management company is entitled to a performance fee equal to 20% of the value of MIC‘s total return in excess of its utility-based benchmark. The fee is subject to MIC‘s total return being positive and in excess of any prior underperformance.

The performance fee for the quarter reflects an average closing value of the MIC accumulation index for the last 15 trading days of the first quarter that was 15.5% above the average closing of the accumulation index for the 15 trading days ended December 31, 2012.

MIMUSA will reinvest the performance fee in additional shares of MIC. In accordance with the MSA, the price at which the additional shares are to be issued will be calculated using the volume weighted average price of MIC‘s shares over a 15-day period following the release of the Company’s financial results for the first quarter of 2013.

About Macquarie Infrastructure Company

Macquarie Infrastructure Company 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 gas processing and distribution business, Hawaii Gas, a controlling interest in a District Energy business in Chicago, and a 50% interest in a bulk liquid storage terminal business, International-Matex Tank Terminals. MIC also owns and operates an airport services business, Atlantic Aviation and two solar power generation facilities, collectively MIC Solar. The Company is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company 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). …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Macquarie Infrastructure Company Reports Acquisition of Shares by CEO

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Macquarie Infrastructure Company Reports Acquisition of Shares by CEO

NEW YORK–(BUSINESS WIRE)– Macquarie Infrastructure Company (NYS: MIC) announced that Company CEO James Hooke has acquired 13,327 shares of MIC from Macquarie Infrastructure Management (USA) Inc. (“MIMUSA“).

MIMUSA, the external manager of MIC, facilitated the arrangement to further align Hooke’s interests with those of other MIC shareholders. The acquisition of the shares is being funded via a loan from Macquarie Group.

Hooke was pleased to announce the purchase, noting that “I am grateful to have been able to work with MIMUSA to create an arrangement that allows me to have more skin in the game. We have taken this step in direct response to shareholder requests, and I look forward to continuing to enhance the value of MIC shares.”

About Macquarie Infrastructure Company

Macquarie Infrastructure Company 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 gas processing and distribution business, Hawaii Gas, a controlling interest in a District Energy business in Chicago, and a 50% interest in a bulk liquid storage terminal business, International-Matex Tank Terminals. MIC also owns and operates an airport services business, Atlantic Aviation and two solar power generation facilities, collectively MIC Solar. The Company is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company 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.

Macquarie Infrastructure Company
Investor enquiries:
Jay A. Davis, 212-231-1825
Investor Relations
or
Media enquiries:
Paula Chirhart, 212-231-1310
Corporate Communications

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Macquarie Infrastructure Company Reports Acquisition of Shares by CEO originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe …read more
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Business, Finance, Occupation & Industry

Manager of Macquarie Infrastructure Company Concludes Sales of Stock

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By Business Wirevia The Motley Fool

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Manager of Macquarie Infrastructure Company Concludes Sales of Stock

NEW YORK–(BUSINESS WIRE)– Macquarie Infrastructure Company (NYS: MIC) announced that the Manager of the Company, Macquarie Infrastructure Management (USA) Inc. (“MIMUSA“), has informed the Company that it has concluded a previously announced program of sales of the Company’s shares.

On February 25, 2013, MIMUSA filed a notice on Form 144 with the Securities and Exchange Commission alerting the market of its intent to sell shares in MIC. In the filing, MIMUSA indicated that it could be in the market selling shares over the period February 25 through March 15. MIMUSA has advised the Company that it has concluded the sales process.

About Macquarie Infrastructure Company

Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic, everyday services, to customers in the United States. Its businesses consist of three energy-related businesses including a gas production and distribution business (Hawai’iGas), a controlling interest in a district energy business (District Energy), and a 50% interest in a bulk liquid storage terminal business (International-Matex Tank Terminals). MIC also owns and operates an aviation-related airport services business (Atlantic Aviation). The Company is managed by a wholly-owned subsidiary of the Macquarie Group. For additional information, please visit the Macquarie Infrastructure Company 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.

Investor enquiries
Macquarie Infrastructure Company
Jay A. Davis
Investor Relations
212-231-1825
or
Media enquiries
Macquarie Infrastructure Company
Paula Chirhart
Corporate Communications
212-231-1310

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Manager of Macquarie Infrastructure Company Concludes Sales of Stock originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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Source: FULL ARTICLE at DailyFinance