March 2010
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.

A positive long-term outlook for Cardinal Power
Cardinal Power is one of the most reliable gas cogeneration facilities in Ontario, with a five-year average availability of 97.8%. Read more

Managing our businesses responsibly

As physical assets that provide an essential service, our infrastructure businesses have a social impact that we endeavour to manage responsibly. Our businesses seek to minimize their environmental footprint and to demonstrate their commitment to social responsibility. Read more

The long life of hydro power facilities

Hydro power facilities generally have low operational and maintenance costs as well as a very long service life. These two characteristics help to make hydro power facilities an attractive investment opportunity as well as economical for ratepayers. Read more

MPT announces fourth quarter and year-end results

On March 3, 2010, MPT held a conference call to discuss the Fund’s fourth quarter and fiscal 2009 performance. Read more

Quick Facts

Ticker Symbols
MPT.UN; MPT.DB.A 		Trust Units Outstanding
49,912,167* 		Recent Trading Price
$7.02 (as at March 8, 2010)
52-week High/Low
$7.17 - $4.15 		Average Monthly Volume
~2 million units 		Number of Unitholders
~19,500
* As at December 31, 2009, 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

Certain of the statements contained in this eNewsletter are forward-looking and reflect management’s expectations regarding the Fund’s future growth, results of operations, performance and business based on information currently available to the Fund. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. These statements use forward-looking words, such as "anticipate", "continue", "could", "expect", "may", "will", "estimate", "believe" or other similar words.

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this eNewsletter are based on information currently available and what the Fund currently believes are reasonable assumptions, including the material assumptions for each of the Fund’s assets set out in the Fund’s 2008 Annual Report under the heading "Outlook," as updated in subsequently filed quarterly financial reports of the Fund, which are available on SEDAR at http://www.sedar.com. Other material factors or assumptions that were applied in formulating the forward-looking statements contained herein include the assumption that the business and economic conditions affecting the Fund’s operations will continue substantially in their current state, including, with respect to industry conditions, general levels of economic activity, regulations, weather, taxes and interest rates and that there will be no unplanned material changes to the Fund’s facilities, equipment and contractual arrangements. Although the Fund believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements for various reasons, including risks related to: operational performance; power purchase agreements; fuel costs and supply; contract performance; default under credit agreements; land tenure and related rights; regulatory regime and permits; force majeure; changes in federal tax rules for flow-through entities; other tax-related risks; variability of distributions; geographic concentration and non-diversification; dependence on the manager and potential conflicts of interest; insurance; environmental, health and safety; availability of financing; unitholder dilution; volatile market price for units; international financial reporting standards; nature of units; and unitholder liability.

The assumptions, risks and uncertainties described above are not exhaustive and other events and risk factors could cause actual results to differ materially from the results and events discussed in the forward-looking statements. These forward-looking statements reflect current expectations of the Fund as at the date of this eNewsletter and speak only as at the date of this eNewsletter. The Fund does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.

The Fund is not a trust company and is not registered under applicable legislation governing trust companies as it does not carry on or intend to carry on the business of a trust company. The Units are not "deposits" within the meaning of the Canada Deposit Insurance Corporation Act and are not insured under the provisions of that act or any other legislation.

None of the entities noted in this eNewsletter is an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide assurance in respect of the obligations of these entities.