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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.”
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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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