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Stock Market & Financial Investment News

News Breaks
July 3, 2014
11:21 EDTMICMacquarie discloses Q2 performance fee, additional investment
Macquarie Infrastructure announced that a performance fee of $5.0M is payable to its management company, Macquarie Infrastructure Management, or MIMUSA, for Q2. MIMUSA has elected to reinvest the Q2 performance fee in additional LLC interests. MIC also reported that it closed on the acquisition of 19.8 megawatts of wind power generating assets located in New Mexico for $10.6M. The investment is the company’s first investment in wind power generation. CEO James Hooke commented, "This particular opportunity meets our investment criteria in that it is an existing facility with a proven wind resource, there is a 20 year power purchase agreement in place with an investment grade counterparty, and we were able to structure the investment in a manner that provides us with good visibility into the cash generating of the facility, similar to our existing contracted power projects.”
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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