The Distribution Reinvestment Plan (DRIP) provides unitholders with an attractive opportunity to reinvest their cash distributions in units of Macquarie Power & Infrastructure Income Fund.

Eligible unitholders can automatically reinvest their regular monthly cash distributions in additional MPT units without incurring any commissions, service charges or brokerage fees. Units acquired under the DRIP will be purchased on the Toronto Stock Exchange at prevailing market prices. Units will then be distributed among DRIP participants at the average weighted cost, excluding any brokerage commissions, of all units purchased for participants in the DRIP. The units will be purchased over a period of five trading days following the distribution payment date.

Additionally, unitholders who are enrolled in the DRIP may participate in an Optional Unit Purchase Plan, which allows unitholders to purchase a minimum of $500 in additional units per each distribution period to a maximum of $20,000 per year under the same terms offered under the DRIP.

To participate in the DRIP, unitholders must enrol through their broker or investment dealer.

FAQs

1. Am I eligible to participate in the DRIP

To participate in the DRIP, you must be a Canadian resident and the holder of one or more units held in the account of a Canadian Depository for Securities (CDS) participant, such as a broker or investment advisor. Current United States law does not allow unitholders who are residents of the U.S. to participate in the DRIP. Unitholders who are residents in any other jurisdiction outside of Canada may participate in the DRIP only if permitted by the laws of the jurisdiction in which they reside. Unitholders who are not residents of Canada should be aware that distributions reinvested under the DRIP will be subject to applicable Canadian non-resident withholding tax.

2. Am I required to participate in the DRIP?

You are not required to participate in the DRIP. If you do not choose to participate, you will continue to receive your monthly cash distributions from the Fund in the current manner.

3. Why should I join the DRIP?

The DRIP provides a convenient, cost-effective way for you to increase your investment in MPT, without incurring commissions, service charges or brokerage fees.

4. How do I become a participant in the DRIP?

Your broker, investment dealer, financial institution or other nominee that is a CDS participant must enrol your units in the DRIP on your behalf. You must contact your broker for a Distribution Reinvestment Enrolment Form. Once you have enrolled in the DRIP, your participation will continue automatically unless terminated or suspended in keeping with the terms of the plan.

5. Are there any deadlines to submit my forms?

Enrolment instructions must be received by CDS no later than 5 p.m. (Toronto time) on the business day immediately preceding the distribution record date for the initial distribution in which you intend to participate in the DRIP. Instructions received after that time will only take effect in respect of the next following distribution payment date.

6. What will be the price of new units purchased for my account under the DRIP?

Units purchased under the DRIP will be purchased on the Toronto Stock Exchange at prevailing market prices. Units will then be distributed among DRIP participants at the average weighted cost, excluding any brokerage commissions, of all units purchased for participants in the DRIP. The units will be purchased over a period of five trading days following the distribution record date.

7. How are units purchased for me?

On each distribution payment date, MPT will pay the cash distributions on the units enrolled on your behalf in the DRIP to Computershare, MPT's registrar and transfer agent. Computershare uses those funds to purchase units on the Toronto Stock Exchange. The units purchased under the DRIP will be credited through CDS to your account with your broker, investment dealer, financial institution or other nominee that is a CDS participant.

8. Will participating in the DRIP cost me anything?

You do not pay any commissions, service charges or brokerage fees in connection with the purchase of units under the DRIP.

9. What is the Optional Unit Purchase Plan?

If you are enrolled in the DRIP, you also have the ability to enrol in the Optional Unit Purchase Plan. This Plan allows unitholders to purchase a minimum of $500 in additional units per each distribution period to an aggregate of $20,000 per year under the same terms offered by the DRIP.

10. How do I make an Optional Unit Purchase?

On your behalf, your broker, investment dealer, financial institution or other nominee that is a CDS participant must submit an optional cash payment form, together with a certified cheque, bank draft or money order, to Computershare. As under the DRIP, Computershare will purchase the units on the Toronto Stock Exchange at prevailing market prices. Additional units will be credited to your account with your broker, investment dealer, financial institution or other nominee that is a CDS participant. Optional cash payments received on or prior to a particular distribution record date will be used to purchase units on the first distribution payment date following such payment. A direction to purchase units with optional cash payments is irrevocable once received by Computershare.

11. Can I stop participating in the DRIP once I have joined?

You may terminate your participation in the DRIP at any time by providing instructions to your broker, investment dealer, financial institution or other nominee that is a CDS participant. You should ask your broker for the specific procedures to follow.

12. Can I change my reinvestment instructions after I join?

You may change your reinvestment instructions at any time by providing your broker, investment dealer, financial institution or other nominee that is a CDS participant with a new, completed and signed Distribution Reinvestment Enrolment Form that reflects your new instructions.

13. Are there tax consequences for participating in the DRIP?

You should consult your tax advisor regarding the tax implications of your participation in the DRIP. The reinvestment of distributions on units does not relieve you of any liability for income tax that may have been otherwise payable on such distributions. If applicable, non-resident tax will be deducted.

14. Will certificates be issued for new units purchased for me under the DRIP?

No. MPT uses a “book-based” system for the registration of its units. The interests of the unitholder are only recorded on the accounts of CDS participants. Units that are purchased for your account under the DRIP will be shown on the statement of account that you receive from your broker, investment dealer, financial institution or other nominee that is a CDS participant.

15. Can I sell units purchased under the DRIP?

Yes. However, you must make arrangements to do so through your broker, investment dealer, financial institution or other nominee that is a CDS participant that holds your units.

16. Who can I contact for additional information?

If you have further questions about the DRIP, please contact Computershare or the Investor Relations department at Macquarie Power & Infrastructure Income Fund.

Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, ON M5J 2Y1
Attention: Dividend Reinvestment Department

Telephone: 1-800-564-6253


Macquarie Power & Infrastructure Income Fund
Canadian Pacific Tower, TD Centre
100 Wellington St. W., Suite 2200
Toronto, ON, M5K 1J3

Telephone: (416) 607 5009
Email: mpt@macquarie.com