Macquarie Infrastructure Holdings LLC (MIC)

https://www.micinc.com/about/news/2021/mic-announces-completion-merger-argo.html


Transaction closed on July 21, 2022
Merger consideration of $4.11 per unit in cash
Closing results in delisting of MIC

MIC GOT A NICE BUMP LAST WEEK!!!

$MIC up in the 4s now...

MIC been flat for months...when is the rise gonna happen???

I bought shares @ $3.62. Not as many as you, but MIC looks over sold to me.

Nice payout. Hope no one was short and has to come up with the divvy.

$MIC: Now $3.70



Lets get up to $6 at a minimum



GO $MIC

$MIC: Looks like a $37.40 Divy DISTRIBUTION


Cool


https://www.micinc.com/assets/mic/investor-center/investor-resources/tax-information/mih-qualified-notice-sept-2021.pdf




GO $MIC



*********************************************************************************


To: Depository Trust & Clearing Corporation
From: Macquarie Infrastructure Holdings, LLC (NYSC: MIC)
CUSIP 55608B105
Nick O’Neil, Chief Financial Officer
Re: Qualified Notice Pursuant to U.S. Treasury Regulation 1.1446-4
Distribution Declaration Date: September 23, 2021
Record Date: October 4, 2021
Payment Date: October 7, 2021
Distribution Per Unit: $37.386817
Withholding Information
The announcement serves as qualified notice in accordance with Section 1446 of the Internal Revenue
Code (the “Code”) and U.S. Treasury Regulation §1.1446-4.
The distribution declared on September 23, 2021, and to be paid on October 7, 2021, will be treated as a
partnership distribution. For recipients of the distribution that were holders of NYSE:MIC shares on or
before September 22, 2021, for U.S. federal income tax purposes, the per unit distribution components
are as follows:
Common Distribution Components for CUSIP 55608B105
U.S. Source Dividend Income(1) $1.79
Gross Short-term or Long-term Capital Gain or Loss $35.596817
Total Distribution Per Share $37.386817
It is possible that a common unitholder’s allocable share of Macquarie Infrastructure Holdings, LLC’s
taxable income may differ from the distribution amounts reflected above. (Individual holders should
consult tax advisors and for additional tax information refer to Macquarie Infrastructure Holdings LLC’s
Form S-4 filed with the Securities and Exchange Commission on March 30, 2021, Registration No. 333-
253193, and Macquarie Infrastructure Corporation’s DEFM 14A filed with the SEC on August 23, 2021.)
None of the distribution components noted above includes Effectively Connected Income (“ECI”).
(1) This income is subject to withholding under §1441 or §1442 of the Code. The U.S Source
Dividend Income was received by Macquarie Infrastructure Holdings LLC on September 22,
2021. A holder that acquires its Macquarie Infrastructure Holdings, LLC units after September
22, 2021, would not be allocated any of this U.S. Source Dividend Income and would not be
subject to withholding on this income.
Regards,
Nick O’Neil
Chief Financial Officer

$MIC: Just bought 10k here at $3.60...... 3.40 stop

Using my $CEI profits from this week.


This is a really really odd drop.


Doesn't seem normal.


Lets see how she plays out here



GO $MIC

What happened here ???????

So do I keep my dividend reinvestment or take the cash from it now we seem to be selling all assets. Holding since $2.20

Thanks LO and Merry Christmas,
OAG Tom

Macquarie Infrastructure (NYSE:MIC) declares $11.00/share special dividend, returning all the net proceeds to shareholders from $2.67B sale of its International-Matex Tank Terminals (IMTT) business.
Payable Jan. 8; for shareholders of record Jan. 5; ex-div Jan. 11.

How will MIC benefit from crude storage shortages?

I have no interest in MIC at the moment other than I may try and sell some way out of the money puts from time to time. However I can do that with stocks like T IBM HON JNJ CAT HD WMT on the weeklies with a lot more success!

Looks like the market is going to be in for a long dry spell. Plenty of time to wait and see what happens. Way to much unpredictability to take risk on the market right now.

Sad days right now . What kinda of magic will jump start the economy 10 million in the last 15 days filed for unemployment wait till the end of April it could be 30-50 million. FAR more than people will be effected by the virus...

The HUNGER Disease will kill many more than the pandemic!

-$6.50 shave today, looks like $18 is the new line.

It seems 25% discount is the going rate for MIC without a dividend......

Not looking good at all. Luckily I got out of all my long positions 3-4 weeks ago. This situation we have currently is a disaster in the making.

10 million out of work in 2 weeks by the end of April those numbers could go as high as 50 million.

With that much tax revenue vanished we are looking at the total collapse of government!

Currently I only have options put calendar spreads and a few select PUTs and probably will add some more as I fail to understand how the market can do anything but go down in the near term.GLTA

Hi LO, Re: Dividend suspension..............

I guess we'll see how well this has been priced in today.

OAG

Macquarie Infrastructure (NYSE:MIC) announced that in response to the impact of COVID-19, the Company is withdrawing its guidance and suspending its quarterly cash dividend.

The suspension of the Company’s cash dividend will result in MIC retaining ~$260M through 2020.

To increase liquidity, on March 17, 2020 MIC drew $599M on its holding company Revolving Credit Facility and $275M on its Atlantic Aviation Revolving Credit Facility.

The drawdowns added to the Company’s ~$300M of cash on hand.
"These measures will increase our balance sheet strength and liquidity and position us well to withstand the current slowdown in activity,” said Christopher Frost, CEO.

Looks like this thing is in for a dividend hair cut!

down right ugly...

I added 20% to my MIC position yesterday under $29.

OAG

Ya I see they did Xdate on the Thursday the 5th!

Didn’t they already announce on the 25th when they reported earnings

I am ready! Should be time for a div announcement?

36-37ish

Getting quite close......

...and now over 10% indicated yield.

OAG

I'll settle for 36-37ish!

MIC is back near a 10% yield today on the price contraction. It still needs to drop further to trigger another accumulation for me, however.
OAG

That's interesting news. I own MIC for its fat dividend but some capital appreciation doesn't offend me. Nice move up this AM on the news.

Macquarie Infrastructure Corporation Announces Intention To Pursue Strategic Alternatives

7:54 am ET October 31, 2019 (Benzinga) Print


Macquarie Infrastructure Corporation (NYSE:MIC) today announced its intention to actively pursue strategic alternatives including a sale of the Company or its operating businesses as a means of unlocking value for shareholders.

I managed to add a bunch in the 37's this dip also sold some premium on the October 37.5's PUTs yesterday as well!

Looks like we go up from here...

Hi SG, Re: MIC recent history...............
After a month of mild selling pressure MIC had given up about 7% of share price in August. The Dividend came as usual during the month. Currently their P/E is a bit steep but so it the current yield at over 10%. Price/Book Value shows to be around 1.1 right now which is quite reasonable for today's market.
Tom

MIC showing great strength and will only get stronger. All because the company is getting stronger. There is no worry that the dividend will be lowered. On top of that the stock will be climbing and climbing.

Today's Bid and Ask are BOTH higher than yesterday's close.

MIC Bid: $38.80 Ask: $39.20, yesterday's close: $38.61

MIC Upcoming Dividend Payouts
Next Ex-Dividend Date
May 10
Next Ex-Dividend Amount
$1.00

Hi LO Yes looking real sweet! Back on the prowl.... Glad I added a few more on the last dip! Up UP and Away we go!

The MIC March is on...

MIC is again above it's 26 week moving average and for now holding above $41/share. Shares look to have been under modest accumulation since the December low point.

Selling at 1.2x book value it is a relative bargain for its yield.

Hi LO,
It appears MIM (Macquarie Infrastructure Management) owns over 6% of the outstanding shares. They can earn a fee based upon performance and growth of the market capitalization relative to the U.S. Utilities Index.

Vanguard and Blackrock both own healthy amounts of their shares.

Keep seeing new Form 4's filed!

Insiders bought over the last 12 months where none sold.


Explanation of Responses:
(1)
These shares were purchased in an open market purchase through Macquarie True Index Global Infrastructure Securities Fund, a pooled investment vehicle managed by an affiliate of MGL.
(2)
Includes 63,200 shares held in various investment funds for which Macquarie Investment Management Global Limited, a subsidiary of MGL, acts as investment advisor. MIMUSA holds the balance of the shares. Each reporting person disclaims beneficial ownership of all such securities except to the extent of its pecuniary interest therein.
(3)
Represents shares of Common Stock issued to the reporting person upon reinvestment of base fees for the month ended February 28, 2019.

3-5 years hence Value Line gives it a $50 to $70 price target (report 2/22/19).
Insiders bought over the last 12 months where none sold.

Summary
Macquarie Infrastructure is loading up on cash to grow. Cash increased $600 million in fiscal year 2018.

Management plans to sell another $600 million of assets to raise still more cash. Maturing convertible bonds will be paid in July.

Future growth projects could easily provide a distributable cash flow ratio of 200% within a few years.

The recovery potential of the common units is huge for an income vehicle as is the distribution growth potential.

Income investors get paid a 10% distribution while the share price recover.

I mean if a 11% relatively safe dividend is what we are forecasting again for 2019, I’m good with it and reinvesting shares. One day their strategic repositioning should allow for the dividend to go up and that’s when shareholders will get rewarded again.

The market just doesn’t buy that MICs assets are high quality.

I agree time to hold and collect. Next 4 payouts seem to be intact I added a 100 shares just for the heck of things going forward!

Hi LO, Re: Anniversary Celebration....................
I think this is just MIC's way of celebrating the $20 drop in price from a year ago.

I'd love to add more shares but need a deeper discount than today's. We had been closing in on my first "sell" target to lighten up share count by 10%. Now it's back in the Hold Zone again.

I don't think this is permanent damage. There's no real volume associated with the sell-off that I can see. Further, it seems to be happening on a day when the rest of the market has tummy flu, too.
http://schrts.co/KhUQIJuV

Down 3 dollars pre market.... Ouch--- 2019 guidance is saying dividend intact thinking a good time to add a little?


2019 Guidance for Continuing Operations
- Consolidated EBITDA of $610.0 to $635.0 million
- Free Cash Flow of $400.0 to $445.0 million
- Leverage of 4.0 to 4.25 times net debt/EBITDA at year end
- Quarterly cash dividend of $1.00 per share ($4.00 annualized)

Macquarie Infrastructure (NYSE:MIC) declares $1.00/share quarterly dividend, in line with previous.
Forward yield 9.26%
Payable March 7; for shareholders of record March 4; ex-div March 1.

Well we get our One Dollar dividend but earnings are a little off so down we go again?

Macquarie Infrastructure (NYSE:MIC): Q4 EPS of -$0.01 may not be comparable to consensus of $0.37.
Revenue of $437.76M (+0.4% Y/Y) misses by $13.44M.

FOURTH QUARTER DIVIDEND OF $1.00 PER SHARE DECLARED
2019 GUIDANCE INITIATED
2018 Financial Results from Continuing Operations
- Net income of $64.6 million
- Consolidated EBITDA excluding non-cash items of $569.5 million
- Cash provided by operating activities of $473.2 million
- Fourth quarter 2018 dividend of $1.00 per share authorized
2019 Guidance for Continuing Operations
- Consolidated EBITDA of $610.0 to $635.0 million
- Free Cash Flow of $400.0 to $445.0 million
- Leverage of 4.0 to 4.25 times net debt/EBITDA at year end
- Quarterly cash dividend of $1.00 per share ($4.00 annualized)
Continued Progress on Strategic Priorities
- Leverage below 4.0 times net debt/EBITDA at year end 2018 compared with approximately 4.9 times at year end 2017
- Cash on hand of approximately $600.0 million, a portion of which is expected to be used to fund a backlog of approximately $247.0 million of growth projects
- Refinancing of Atlantic Aviation and amendment of debt facilities at IMTT extends MIC's weighted average debt maturity to 5.7 years and provides capital for repayment of convertible notes maturing July 2019
- Of 1.3 million barrels of capacity at IMTT repurposed in 2018, 600,000 barrels were returned to service in December 2018, 640,000 barrels were returned to service in January 2019, balance expected to be in service in March
- $75.0 million of additional growth projects announced at IMTT
- Second quarter 2019 closing targeted for sale of renewable power generation assets

Nice day today ! Been accumulating myself. Be nice to see the next shinning dollar dividend soon! Cheers Hi Lo

Thanks LO,
It's always nice to see the stock being accumulated by insiders.

another form 4 filed!

Nice day for MIC working it's way back!