FAQs

 

What is Macquarie Infrastructure Corporation's (MIC’s) stock symbol and where is it traded?

MIC’s shares are listed on the New York Stock Exchange and trade under the ticker symbol “MIC”.

When was MIC’s initial public offering (IPO)?

MIC began trading as Macquarie Infrastructure Company Trust on December 16, 2004. Macquarie Infrastructure Company Trust was succeeded by Macquarie Infrastructure Company LLC effective January 1, 2007. Membership interests in Macquarie Infrastructure Company LLC were exchanged, one for one, for shares of Macquarie Infrastructure Corporation at 12:01am on May 21, 2015 as a result of the conversion of the Company from a Delaware limited liability company to a Delaware corporation.

Who manages MIC?

MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA). MIMUSA is also one of MIC’s largest shareholders. MIMUSA is a member of Macquarie Group Limited, one of the world’s largest and most experienced owners and managers of infrastructure businesses.

How is MIC structured?

MIC is organized as a Delaware corporation. MIC is an open-ended New York Stock Exchange listed company and its shares trade under the ticker “MIC”.

How is MIC’s board of directors leadership structured?

MIC’s current board leadership structure is comprised of a chairman, who is not a member of management but is appointed by MIC’s Manager, and a lead independent director in accordance with MIC’s corporate governance guidelines. Currently, Mr. Norman Brown serves as the lead independent director. MIC’s lead independent director presides at executive sessions of the independent directors, which occur at least quarterly and more often as the independent directors deem appropriate. Each of MIC’s board committees is chaired by and is wholly comprised of independent directors.

MIC’s board chairman is elected by the Manager as the sole holder of MIC’s special stock. The chairman, Mr. Martin Stanley, presides over meetings of the board of directors and meetings of stockholders, prepares the agenda for meetings of the board of directors with input from the other directors and performs such other duties as may be assigned by the board of directors.

What proportion of the board of directors are independent from MIC’s Manager?

MIC’s board of directors is composed of a majority of independent directors, with five of the seven directors considered independent in accordance with the listing standards of the NYSE.

Is there an ongoing board refreshment process?

MIC has a diverse board that has continued to be refreshed over recent years. MIC is committed to maintaining strong corporate governance and in that regard has engaged a leading executive search firm to evaluate new independent director candidates for future board renewal.

When will MIC pay federal income taxes?

For the year ending December 31, 2018, we expect any consolidated federal income tax liability our businesses may generate to be fully offset by NOL carryforwards. Our federal NOL balance at December 31, 2017 was $347.3 million, which we believe we will be able to fully utilize. If the sale of BEC, announced on July 29, 2018, does not close, we do not expect to make material federal income tax payments, with our current portfolio of businesses, any earlier than 2020 due to the availability of our federal prior year NOLs. If the sale of BEC closes, we expect to utilize a substantial amount of our federal prior year NOLs and may be required to make material federal income tax payments as early as 2019. Some or all of any current federal income tax liabilities otherwise arising in 2019 could be offset by capital deployed into assets that qualify for bonus depreciation.

How do I obtain information on MIC?

Information can be accessed directly through this site. Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Proxy Statements and other filings with the SEC can be accessed directly through this site or through the Securities and Exchange Commission at www.sec.gov.

If you would like a hard copy of the Company's most recent corporate information, please direct your inquiries to:

Macquarie Infrastructure Corporation
Attn: Investor Relations
125 West 55th Street
New York, NY 10019
United States of America

How do I invest in MIC?

MIC is listed on the New York Stock Exchange and shares of MIC can be purchased through any registered broker.
To invest in MIC, please contact your broker or financial advisor.

Who can I contact to enroll in the MIC Dividend Reinvestment & Stock Purchase Program?

For more information on the MIC Dividend Reinvestment & Stock Purchase Program and the enrollment process, please contact Computershare.

Computershare Trust Company, N.A.
P.O Box 43006
Providence, RI 02940-3006
Within USA, US territories & Canada: +1 (866) 867 6422
Outside USA, US territories & Canada: +1 (201) 680 6578
Website: www.computershare.com

What is MIC's fiscal year end?

MIC's fiscal year end is December 31.

Where is MIC headquartered?

Macquarie Infrastructure Corporation
125 West 55th Street
New York, NY 10019
United States of America

Who are MIC's independent auditors?

MIC’s financial statements have been audited by KPMG LLP in each of 2004 through 2017. KPMG LLP will audit the Company’s financial statements for fiscal year 2018 as well.

Who is MIC's transfer agent?

Computershare
P.O. Box 43006
Providence, RI 02940-3006
Tel: 1-866-867-6422

Shareholder website: www.computershare.com
Shareholder online inquiries: https://www-us.computershare.com/investor/Contact 

Do you have another question that hasn't been answered? Contact MIC to ask your question.