December 2009
Macquarie Power & Infrastructure Income Fund's bi-monthly investor newsletter brings you updates about MPT's assets and activities as well as our views on news and market developments. To subscribe, email us at mpt@macquarie.com.

MPT successfully completes financing
On December 22, 2009, MPT closed its previously announced $50 million offering of 6.50% convertible unsecured subordinated debentures due December 31, 2016 (the 2016 Debentures). Read more

The risk-return profile of P3s

P3s are an innovative way for governments to deliver on their commitment to maintaining and expanding public infrastructure while representing a unique opportunity for investors, according to Jim Cahill, Vice President of Project Finance at Infrastructure Ontario. Read more

Canada’s power generation landscape

The private sector is being courted for investment in energy infrastructure in almost every province of Canada, according to Paul Bradley, Managing Director, Infrastructure and Utilities for Macquarie Capital Advisors, a division of Macquarie Capital Markets Canada Ltd., a guest speaker at MPT’s recent Investor Day. Read more

Quick Facts

Ticker Symbols
MPT.UN and MPT.DB 		Trust Units Outstanding
49,912,167* 		Recent Trading Price
$5.92 (as December 15, 2009)
52-week High/Low
$6.95 - $4.05 		Average Monthly Volume
~2 million units 		Number of Unitholders
~19,500
* including 3,249,390 Class B Exchangeable Units

Feedback

We encourage readers to share their feedback and ideas for future eNewsletters or our investor relations website. Let us know what you think by emailing us at mpt@macquarie.com.

Website

Visit MPT's website at http://www.macquarie.com/mpt to read more about our portfolio of assets and to access investor relations information.

Disclaimer

This Investor eNewsletter does not constitute an offer to sell or a solicitation of an offer to buy any securities. The information in this eNewsletter is general advice and does not take into account the particular investment objectives, financial situation or particular needs of the investor. Before making an investment in MPT, the investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances and consult an investment advisor if necessary. MPT is managed by Macquarie Power Management Ltd. (“MPML”), a wholly owned subsidiary of Macquarie Group Limited (“MGL” or “Macquarie”). MGL includes subsidiaries and affiliated companies, including MPML. None of the entities noted in this document is an authorized deposit-taking institution for the purposes of Banking Act (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited (“MBL”) ABN 46 008 583 542. MBL does not guarantee or otherwise provide assurance in respect of the obligations of these entities. Nothing in this fact sheet contains a commitment from MPT, MGL or any subsidiary or affiliate of MGL to provide or arrange any facility or is otherwise imposing any obligation on MPT, MGL or any subsidiaries or affiliates of MGL whatsoever. Neither MGL nor any subsidiary or affiliated company of MGL guarantees the performance or return of capital from infrastructure, utilities or other investments. This document may contain forward-looking statements that involve known and unknown risks and uncertainties that may cause MPT’s actual results to differ materially. Please refer to MPT’s Annual Information Form, dated March 27, 2009, and other regulatory filings at http://www.sedar.com for more information about MPT’s risk factors.