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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.
News For MIC From The Last 14 Days
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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.
July 10, 2014
07:33 EDTMICMacquarie Infrastructure 10M share Secondary priced at $66.50
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July 8, 2014
09:15 EDTMICOn The Fly: Pre-market Movers
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