UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
Amendment No. 2
to
SCHEDULE TO
TENDER OFFER STATEMENT UNDER SECTION 14(D)(l) OR 13(E)(l)
OF THE SECURITIES EXCHANGE ACT OF 1934
Macquarie Global Infrastructure Total Return Fund Inc.
(Name Of Subject Company (Issuer) And Filing Person (Offeror))
Common Stock
(Title of Class of Securities)
55608D101
(CUSIP Number of Common Stock)
Macquarie Capital Investment Management LLC
125 West 55th Street
New York, New York 10019
212-231-1000
(Name, address and telephone number of person authorized to receive notices and communications on behalf of filing persons)
With a copy to:
James G. Silk, Esq.
Willkie Farr & Gallagher LLP
1875 K Street, NW
Washington, DC 20006
CALCULATION OF FILING FEE
Transaction Valuation* |
Amount Of Filing Fee** | |
$29,594,743 | $4,037 |
* | The transaction value is estimated only for purposes of calculating the filing fee. This amount is based on the offer to purchase up to 1,385,366 shares of common stock, par value $0.001 per share, at a tender offering price equal to 92% of the net asset value per share (NAV), assuming a NAV per share of $23.22, which was the NAV on March 5, 2013. |
** | The amount of the filing fee, calculated in accordance with Rule 0-11 under the Securities Exchange Act of 1934, as amended, as modified by Fee Rate Advisory No.1 for fiscal year 2013, equals $136.40 per million dollars of the value of the transaction, based on a tender offer price equal to 92% of NAV, assuming a NAV per share of $23.22, which was the NAV on March 5, 2013. |
x | Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
Amount Previously Paid: | $4,037 | Filing Party: | Macquarie Global Infrastructure Total Return Fund Inc. | |||||
Form or Registration No.: | Schedule TO | Date Filed: | March 6, 2013 |
¨ | Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. |
Check the appropriate boxes below to designate any transactions to which the statement relates:
¨ | third-party tender offer subject to Rule 14d-l. |
x | issuer tender offer subject to Rule 13e-4. |
¨ | going-private transaction subject to Rule 13e-3. |
¨ | amendment to Schedule 13D under Rule l3d-2. |
Check the following box if the filing is a final amendment reporting the results of the tender offer: x
If applicable, check the appropriate box(es) below to designate the appropriate rule provision(s) relied upon:
¨ | Rule 13e-4(i) (Cross-Border Issuer Tender Offer) |
¨ | Rule l4d-l(d) (Cross-Border Third Party Tender Offer) |
AMENDMENT NO. 2 TO TENDER OFFER STATEMENT
This Amendment No. 2 hereby amends and supplements the Tender Offer Statement on Schedule TO initially filed by Macquarie Global Infrastructure Total Return Fund Inc., a Maryland closed-end management investment company (the Fund), with the Securities and Exchange Commission (the Commission) on March 6, 2013, as amended by Amendment No. 1 to the Schedule TO filed with the Commission on April 4, 2013 (as amended, the Schedule TO). The Schedule TO relates to an offer by the Fund to purchase for cash up to 1,385,366 of its issued and outstanding shares of common stock at a price equal to 92% of the net asset value per share of common stock, determined as of the close of the regular trading session of the New York Stock Exchange, the principal market on which the shares are traded, on April 4, 2013, the business day immediately following the day the offer expired. The offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated March 6, 2013, and in the related Letter of Transmittal, copies of which were filed as Exhibits to the Schedule TO. Filed herewith as Exhibit (a)(5)(iii) is a copy of the press release issued by the Fund dated April 5, 2013 announcing the final results of the offer and the information contained therein is incorporated herein by reference.
Except as amended herein, the information set forth in the Offer to Purchase and the related Letter of Transmittal is incorporated herein by reference in answer to the items required to be disclosed in this Schedule TO.
ITEM 12. EXHIBITS
(a)(1)(i) |
Offer to Purchase, dated March 6, 2013.* | |
(a)(l)(ii) |
Form of Letter of Transmittal (including IRS Form W-9 and Guidelines for Certification of Taxpayer Identification Number on IRS Form W-9).* | |
(a)(l)(iii) |
Letter to Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
(a)(l)(iv) |
Letter to Clients for Use by Brokers, Dealers, Commercial Banks, Trust Companies and Other Nominees.* | |
(a)(l)(v) |
Letter to Stockholders.* | |
(a)(2) |
Not applicable. | |
(a)(3) |
Not applicable. | |
(a)(4) |
Not applicable. | |
(a)(5)(i) |
Press Release, dated March 6, 2013.* | |
(a)(5)(ii) |
Press Release, dated April 4, 2013.* | |
(a)(5)(iii) |
Press Release, dated April 5, 2013. | |
(b) |
Not applicable. | |
(d) |
Not applicable. | |
(g) |
Not applicable. | |
(h) |
Not applicable. |
* Previously filed.
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ITEM 13. INFORMATION REQUIRED BY SCHEDULE 13E-3
Not applicable.
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SIGNATURES
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct.
MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RETURN FUND INC. | ||||||
Dated: April 5, 2013 |
By: | /s/ Brad Frishberg | ||||
Name: Brad Frishberg Title: Director, Chief Executive Officer and President |
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Macquarie Capital Investment Management LLC A member of the Macquarie Group of Companies ARBN 113 160 204 |
Exhibit (a)(5)(iii) | |||
125 West 55th Street New York NY 10019 UNITED STATES |
Telephone Facsimile |
1 (212) 231 1000 1 (212) 231 1010 |
MEDIA RELEASE
MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RETURN FUND INC. ANNOUNCES FINAL RESULTS OF CASH TENDER OFFER |
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NEW YORKApril 5, 2013Macquarie Global Infrastructure Total Return Fund Inc. (NYSE: MGU) (the Fund) announced today the final results of its cash tender offer for up to 1,385,366 (representing approximately 10%) of its issued and outstanding shares of common stock (the Offer). The Offer expired on April 3, 2013, at 12:00 midnight, New York City time.
Based on information provided by The Colbent Corporation, the depository for the tender offer, approximately 2,942,972 shares of common stock or approximately 21.2% of the Funds outstanding shares of common stock were properly tendered, and the Fund has accepted 1,385,366 shares for cash payment at a price equal to $21.37 per share, which represents 92% of the Funds net asset value per share (NAV) as of the close of regular trading session of the New York Stock Exchange (NYSE) on April 4, 2013. Since the total number of shares tendered exceeds the number of shares the Fund offered to purchase, on a prorated basis, 47.1% of the shares of common stock tendered by each tendering shareholder were accepted for payment. Following the purchase of the properly tendered shares, the Fund will have approximately 12,468,293 outstanding shares.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements. These statements are based on the current expectations and beliefs of the Funds management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements contained in this document include references to completion of the tender offer and the payment for shares related thereto. These statements, including their underlying assumptions, are subject to risks and uncertainties and are not guarantees of future performance. Results may differ due to various factors such as the possibility that shareholders may not tender their shares in the tender offer, or other conditions to completion of the tender offer are not satisfied. For further details of these risks, you should read our filings with the Securities and Exchange Commission related to the tender offer, including our Schedule TO and the documents referred to therein. Except
as required by law, the Fund is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events, or otherwise.
About Macquarie Global Infrastructure Total Return Fund Inc.
Macquarie Global Infrastructure Total Return Fund Inc. is a non-diversified, closed-end management investment company that seeks to provide a high level of total return consisting of dividends and other income, and capital appreciation. The Funds investment adviser is Macquarie Capital Investment Management LLC with its principal executive offices located at 125 West 55th Street, New York, New York 10019. The Fund is a closed-end fund and does not continuously offer or redeem shares.
About Macquarie
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquaries main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 13,400 people. Assets under management total approximately US$353 billion at September 30, 2012.
For further information, please contact:
Brad Frishberg, Director, Chief Executive
Officer and President of Macquarie Global
Infrastructure Total Return Fund Inc.
Tel: (212) 231-1000
Media contact:
Paula Chirhart
Corporate Communications, Macquarie Group
Tel: (212) 231-1310
Stockholder contact:
AST Fund Solutions, LLC
Tel: (800) 331-7024
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