Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund
MFD
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Drew R. Sweeney
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 120 East Liberty Drive Wheaton IL United States of America 60187
- IPO Date
- Mar 26, 2004
- CIK
- 0001276469
- Website
- ftportfolios.com
- Similar Companies
- Business
- Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund (NYSE: MFD) is a closed-end management investment company that seeks a high level of current income consisting of dividends, interest income, and other distributions, with a secondary objective of capital preservation; it invests primarily in equity securities of companies involved in infrastructure and utilities assets on a global basis, including a core component of global listed infrastructure securities and a senior loan component focused on floating-rate instruments issued by infrastructure-related companies. The Fund offers exposure to dividend-paying companies in sectors such as energy infrastructure, transportation, utilities, and communications; it employs leverage through senior loans and other instruments to enhance yield potential. First Trust Advisors L.P. serves as the investment adviser, with sub-advisory from Delaware Investments Fund Advisers within Macquarie Asset Management; the Fund targets income-seeking investors including institutions and retail shareholders, with operations spanning global markets including North America, Europe, Asia-Pacific, and emerging regions. Established on March 25, 2004, and headquartered in Wheaton, Illinois, the Fund has approximately $79 million in total assets as of its planned reorganization date. In a major strategic reorganization approved by shareholders on August 22, 2024, and completed on September 20, 2024, MFD merged with and into abrdn Global Infrastructure Income Fund (NYSE: ASGI) in a tax-free transaction; MFD shares ceased trading on the NYSE at market close on that date, with MFD shareholders receiving ASGI shares based on net asset value, creating a combined fund with approximately $596 million in assets for improved economies of scale, liquidity, and marketability. Prior to closing, the Fund declared quarterly distributions of $0.20 per share in May, August, and other recent periods, reflecting annualized yields around 9-10% based on NAV or market price. No additional recent acquisitions, partnerships, or product launches were reported beyond this reorganization and routine dividend payments.