About MKIF
- Establishment
- 12 December 2002
- Listing
- 15 March 2006
- Investment mandate
- Infrastructure assets in Korea
- Trading code
- Korea Exchange (KS.088980), London Stock Exchange (MKIF.LI)
- Total number of outstanding shares
- 331,459,341 shares
- Asset manager
- Macquarie Korea Asset Management Co., Ltd.
(As of 31 December 2011)
82.4%
Korean shareholders
17.6%
Foreign shareholders
Macquarie Korea Infrastructure Fund (MKIF) is one of the leading private sector infrastructure funds in Korea with the largest portfolio of infrastructure assets in Korea that have been constructed under the Private Participation in Infrastructure Act (PPI Act).
MKIF’s mandate is to invest in concession companies that construct or operate infrastructure assets in Korea. MKIF invests in these concession companies through equity and debt. MKIF is focused on generating profits from its investments and distributing these profits to its shareholders.
MKIF seeks to satisfy the risk appetite of long-term investors such as pension funds and life insurers, as well as individual investors expecting regular dividend incomes. MKIF is listed on the Korea Exchange and its Global Depositary Shares (GDS) on the London Stock Exchange and its outstanding shares are publicly traded through securities broker companies.
Service Providers
MKIF operates under the legal and regulatory framework established by the Financial Investment Service and Capital Market Act (FSCMA), and the PPI Act. MKIF is required by the FSCMA to appoint an asset manager, a custodian, an administrator and a sales agent.
MKIF has appointed Korea Securities Finance Corp. as its Custodian, KEB Investor Services as its Administrator, and Samsung Securities, Shinhan Investment Corporation, Tong Yang Investment Bank Co., Ltd., Hanhwa Securities Co., Ltd., and Kyobo Securities Co., Ltd., and Macquarie Securities Korea Ltd., as its Sales Agents.
MKIF’s Asset Manager
MKIF is managed by Macquarie Korea Asset Management Company Limited (MKAM). MKAM performs its obligations as manager pursuant to management agreement with MKIF. MKAM is licensed to provide asset management services to MKIF under the supervision of the Financial Services Commission (the financial regulatory body of Korea).
MKIF's Structure
Click to enlarge