
Macquarie CNL Global Income Trust, Inc., Announces First Public Offering of Common Shares
ORLANDO, Fla., April 26 /PRNewswire/ -- Macquarie CNL Global Income Trust, Inc. today announced an offering of $1.5 billion in common shares at a purchase price of $10 per share, its first public offering of common shares. CNL Securities Corp., a subsidiary of CNL Financial Group, Inc., will serve as the managing dealer.
Macquarie CNL Global Income Trust, Inc., is a publicly registered, non-traded entity that intends to qualify as a real estate investment trust (REIT) and is sponsored by Macquarie Capital Funds Inc., an affiliate of Macquarie Group Limited and CNL Financial Group, LLC, an affiliate of CNL Financial Group. This income-oriented REIT intends to focus primarily on the acquisition of commercial office, retail, industrial and multifamily properties internationally and in the United States. The entity may acquire both real property and other real estate-related assets, including debt and securities. Up to 60 percent of the company's assets may be located outside of the United States.
Macquarie CNL Global Income Trust benefits from the tenure, expertise and reach of two well established industry leaders. Macquarie Group Limited, with headquarters in Sydney, Australia, was founded in 1969, operates in more than 70 office locations in 28 countries, with total assets under management of approximately US$300 billion(1) (as of December 31, 2009). Macquarie is a global provider of banking, financial, advisory, investment and funds management services, with real estate operations in North America, Australia, Europe, Asia, South Africa and the United Arab Emirates. CNL Financial Group based in Orlando, Fla., was founded in 1973 and has formed or acquired companies with US$24 billion in assets, including hotel, retail, restaurant, seniors' housing and lifestyle properties.
A registration statement relating to the securities of Macquarie CNL Global Income Trust has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The offering of these securities will be made only by means of a prospectus available to download at www.MacquarieCNLGlobalIncomeTrust.com or from participating broker-dealers.
About Macquarie Group Limited
Macquarie is a global provider of banking, financial, advisory, investment and funds management services with total assets under management of approximately US$300 billion(2) (as of December 31, 2009). Macquarie's real estate business has operations in North America, Australia, Europe, Asia, South Africa and the United Arab Emirates.
About CNL Financial Group
Orlando, Fla.-based CNL is a privately held real estate investment and development company in business for more than 35 years. Since its inception in 1973, CNL and its affiliates have formed or acquired companies with US$24 billion in assets, including hotel, retail, restaurant, seniors' housing and lifestyle properties.
Forward-Looking Statements
Certain statements contained herein may be deemed to be forward-looking statements under federal securities laws and the company intends that such forward-looking statements be subject to the safe-harbor provisions created thereby. All forward-looking statements are qualified in their entirety by this cautionary statement and Macquarie CNL Global Income Trust and its related and affiliated companies assume no, and hereby disclaim any, obligation to update the forward-looking statements contained herein. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
(1) Adjusted for certain Macquarie transactions, including the acquisition of Delaware Investments, the restructure of Macquarie Infrastructure Group and sale of the majority of Macquarie's Australian core real estate fund management platform, all of which took place during the first quarter of 2010.
(2) Adjusted for certain Macquarie transactions, including the acquisition of Delaware Investments, the restructure of Macquarie Infrastructure Group and sale of the majority of Macquarie's Australian core real estate fund management platform, all of which took place during the first quarter of 2010.
SOURCE Macquarie CNL Global Income Trust, Inc.
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