Macquarie Global Infrastructure Total Return Fund Inc. Announces Decision to Opt in to Maryland Control Share Acquisition Act and Increase in Distribution

May 03, 2022

Today, Macquarie Global Infrastructure Total Return Fund Inc. (NYSE:MGU, Financial) (the “Fund”) announced that the Fund’s Board of Directors has unanimously approved the Fund’s election to be subject to the Maryland Control Share Acquisition Act (“MCSAA”), effective as of April 27, 2022. The objective of the MCSAA is to protect the interests of all shareholders of a Maryland corporation. It achieves this by limiting the voting power of a large investor, or group of investors acting in concert, with respect to newly acquired shares above various threshold levels that start at 10 percent. Those shares can be voted only if two-thirds of the shares held by the other shareholders agree to grant voting rights to these “control shares.”

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