Macquarie Emerging Markets Infrastructure Fund said Wednesday that it has raised $31,725,288 on the exercise of warrants under its warrant offering, which expired on January 28.
The fund’s units trade on the Toronto Stock Exchange under the symbols MQA.UN.
Under the terms of the exercised warrants, 2,780,481 units of the fund will be issued to exercising warrant holders on January 30. Warrant holders who exercised the additional subscription privilege were allocated 100% of the units subscribed for. Unexercised warrants expired with no value.
Macquarie Capital Investment Management LLC (MCIM), a global leader in the listed infrastructure sector, acts as the portfolio manager of the fund. MCIM is part of the Macquarie Funds Group, Australia’s largest asset manager with over $344 billion globally in assets under management.
Toronto-based Connor, Clark & Lunn Capital Markets Inc. is the manager of the fund.