Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (the "Fund") (NYSE: MFD) today declared its regular quarterly distribution for the period ending August 31, 2008 totaling $0.425 per share as follows:
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Ordinary Distribution | $ | 0.130 | |
Short-Term Capital Gain Distribution | $ | 0.013 | |
Long-Term Capital Gain Distribution |  | $ | 0.282 |
Total | $ | 0.425 |
The special short-term and long-term capital gain distributions are being made to meet the Fund's distribution requirements for tax purposes.
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Macquarie/First Trust Global Infrastructure/ Utilities Dividend & Income Fund (MFD): | ||
Distribution per share: | $0.425 | |
Distribution Rate based on the August 8, 2008 NAV of $20.65: | 8.23% | |
Distribution Rate based on the August 8, 2008 closing market price of $19.36: | 8.78% |
The distributions will be payable on August 29, 2008 to shareholders of record as of August 22, 2008. The ex-dividend date is expected to be August 20, 2008. The final determination of the source and tax status of all distributions paid in 2008 will be made after the end of 2008.
The Fund is a non-diversified, closed-end management investment company, investing predominantly in listed infrastructure and utilities companies in selected developed countries globally. The Fund's investment objective is to seek a high level of current return consisting of dividends, interest and other similar income, while attempting to preserve capital.
Past performance is no assurance of future results. Investment return and market value of an investment in the Fund will fluctuate. Shares, when sold, may be worth more or less than their original cost.
Principal Risk Factors: The Fund invests principally in equity securities of companies in the infrastructure and utilities industry in various developed markets; accordingly the Fund's NAV will fluctuate with changes in the value of the Fund's holdings. Investment in infrastructure and utilities issuers is subject to various risks including governmental regulations, high interest costs associated with capital construction programs, costs associated with environmental regulation, the effects of economic slowdown and surplus capacity, competition from other providers of services and other factors. Investment in non-U.S. securities is subject to the risk of currency fluctuations and to economic and political risks associated with such foreign countries.
The Fund's daily New York Stock Exchange closing price and net asset value per share as well as other related information can be found at www.ftportfolios.com or by calling 1-800-988-5891.