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Stock Market & Financial Investment News

News Breaks
January 24, 2013
17:45 EDTMICMacquarie Infrastructure Management to be paid performance fee of $43.8M
Macquarie Infrastructure announced that its management company, Macquarie Infrastructure Management, or MIMUSA, will be paid a performance fee of $43.8M for the Q4 of 2012. Under the publicly filed Management Services Agreement 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 the MSCI US Utility Index benchmark provided that the total return is positive and in excess of any prior underperformance.
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July 16, 2014
09:22 EDTMICMacquarie Infrastructure price target raised to $72-$75 from $62-$68 at Wells Fargo
Wells Fargo increased its price target on Macquarie Infrastructure as the firm is upbeat on the company's deal to acquire the 50% of International-Matex Tank Terminals it does not currently own. The firm raised its estimates on Macquarie Infrastructure and keeps an Outperform rating on the shares.

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