In a move that’s sure to delight investors, the Macquarie First Trust Global Infrastructure Utilities Dividend Income Fund (MFD) has announced its quarterly distribution of $0.20 per share. The payment will be made on February 29, 2024, to shareholders who are on record as of February 23, 2024.
A High-Yielding Investment Opportunity
The Fund, which seeks to provide a high level of current return from dividends, interest, and similar income while preserving capital, has declared a distribution rate that ranges between 8.52% and 9.39% based on the February 9, 2024 NAV. Calculated based on the closing market price, the distribution rate falls between 7.41% and 10.80%.
Investing in Infrastructure and Utilities
Predominantly investing in the securities of companies involved in the management, ownership, and operation of infrastructure and utility assets, MFD offers investors a unique opportunity to capitalize on the growth of these sectors. The Fund’s Core Component is managed by the Global Listed Infrastructure team, while the Senior Loan Component is managed by Adam Brown.
Risk Factors and Considerations
As with any investment, there are risk factors to consider. These include market risk, investment return risk, and market value risk. Additionally, there are various risks associated with investment in infrastructure and utilities issuers, non-U.S. securities, senior loans, and master limited partnerships. However, for those willing to navigate these waters, MFD presents an attractive option for capital growth and income generation.
With its high distribution rate and focus on infrastructure and utilities, the Macquarie First Trust Global Infrastructure Utilities Dividend Income Fund has positioned itself as a strong contender in the investment market. As of February 12, 2024, the Fund’s shares are traded on the NYSE under the symbol MFD.
Note: The distribution rate mentioned in this article is not guaranteed and may change over time. Investors are advised to consult with their financial advisors before making any investment decisions.