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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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May 21, 2015
07:08 EDTMICMacquarie Infrastructure completes conversion from LLC to corporation
Macquarie Infrastructure announced that it has successfully completed a planned conversion to a Delaware corporation from a Delaware limited liability company. The conversion was effective at 12:01am on May 21. The conversion had no impact on the business or management of the company and has been treated as a tax-free exchange under relevant Internal Revenue Service regulations.
May 12, 2015
07:37 EDTMICOppenheimer to hold a conference
10th Annual Industrial Growth Conference is being held in New York on May 12-13 with webcasted company presentations to begin on May 12 at 8:15 am; not all company presentations may be webcasted. Webcast Link

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