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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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October 10, 2014
09:20 EDTMICMacquarie announces $116M performance fee payable to MIMUSA for Q3
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