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Challenging the Wisdom of the Trans Texas Corridor.
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Macquarie Infrastructure Reveals Completion Of Mandatory Exchange Of All Outstanding Shares Of Trust Stock [MIC] 6/25/2007 Macquarie Infrastructure Co. LLC (MIC) said that it completed its previously announced mandatory exchange of all outstanding shares of its trust stock. The company disclosed that all shares of beneficial interest in Macquarie Infrastructure Co. Trust were exchanged for limited liability company interests in Macquarie Infrastructure Co. LLC. Investors received one LLC interest in Macquarie Infrastructure Co. LLC for each share of Macquarie Infrastructure Co. Trust they owned. LLC interests have been listed on the New York Stock Exchange and are trading under the symbol "MIC". The company said that it received a legal opinion that the exchange and the election of the company to be treated as a corporation is a non-taxable event to the company and its shareholders. In addition, the company is seeking permission from the Internal Revenue Service or IRS to be treated as a corporation retroactive to January 1, 2007.
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This Page Last Updated: Tuesday June 26, 2007