Key events

 

Financial Calendar 2018 (Tentative)

DateEvent
December 2018 second half distribution guidance
October 2018 third quarter results announcement
August 2018 first half distribution payment
July 2018 first half results announcement
June 2018 first half distribution guidance
April 2018 first quarter results announcement on 30 April
February 2017 second half distribution payment on 28 February
January 2017 full year results announcement on 31 January

2017

DateEvent
December Second half distribution guidance of KRW 290 per share on 15 December
October Third quarter results announcement on 31 October
August
  • Payment of 2017 first half distribution of KRW 250 per share on 28 August
  • MKIF follow-on offering announcement on 14 August
  • Additional investment in and capital restructuring of Incheon Bridge Co., Ltd. on 14 August
July First half results announcement on 28 July
June First half distribution guidance of KRW 250 per share on 15 June
April First quarter results announcement on 28 April
March The 18th General Shareholders’ Meeting held on 24 March
February
  • Payment on 2016 second half distribution of KRW 200 per share on 28 February
  • Commitment to purchase additional 1.5% equity in Seoul-Chuncheon Expressway Co., Ltd. on 10 February
January
  • 2016 full year results announcement on 31 January
  • Capital restructuring of MCB Co., Ltd. on 2 January

2016

DateEvent
December MKIF completed the project restructuring of Gwangju 2nd Beltway Section 1 on 16 December
October
  • Third quarter results announcement on 27 October
  • MKIF committed to purchase additional 23.03% equity in Incheon Grand Bridge on 20 October
August MKIF paid an interim distribution of 2016 to shareholders of KRW 200 per share on 31 August
July First half results and first half distribution announcement on 29 July
April Second quarter results announcement on 29 April
March
  • The 17th General Shareholders' Meeting was held on 25 March
  • MKIF cancelled of its listing and trading of GDR from London Stock Exchange effective on 24 March
February MKIF paid a final distribution of 2015 to shareholders of KRW 210 per share on 29 February
January
  • 2015 full year financial results announcement on 29 January
  • MKIF completed project restructuring transaction of Woomyunsan Tunnel on 14 January

2015

DateEvent
December Second half distribution guidance (KRW 254 per share)
October
  • Third quarter results announcement on 30 October
  • MKIF completed the capital restructuring transaction of Yongin-Seoul Expressway on 23 October
August
  • MKIF paid an interim distribution of 2015 to shareholders of KRW 210 per share on 31 August
  • MKIF completed the capital restructuring transaction of Incheon International Airport Expressway on 24 August
July First half results and first half distribution announcement on 31 July
June An interim distribution guidance of KRW 210 per share announced on 15 June
April Second quarter results announcement on 30 April
February MKIF paid a final distribution of 2014 to shareholders of KRW 225 per share on 27 February
January 2014 full year financial results announcement

2014

DateEvent
December Second Half Distribution Guidance (KRW 225 per share)
October Third quarter results announcement on 31 October
August MKIF paid an interim distribution of 2014 to shareholders of KRW 193 per share on 12 August
July First Half Results and First Half Distribution announcement on 31 July
June An interim distribution guidance of KRW 193 per share announced on 14 June
April Second quarter results announcement on 30 April
March The 14th General Shareholders' Meeting was held on 18 March
February
  • MKIF paid a final distribution of 2013 to shareholders of KRW 303 per share
  • MKIF refinanced its KRW 250 billion revolving credit facility for a new 5-year facility
January 2013 Full year results announcement on 28 January

2013

DateEvent
December Second Half Distribution Guidance (KRW 295 per share)
October
  • Third Quarter Results Announcement 
  • MKIF divested its equity and subordinated loan investment to Seoul Subway Line 9 Section 1 
  • MKIF committed additional investment of KRW 50 billion subordinated debt into Busan New Port Phase 2-3
August MKIF paid an interim distribution of 2013 to shareholders of KRW 210 per share
July First Half Results and First Half Distribution Announcement on 30 July
June An interim distribution guidance of KRW 210 per share announced on 14 June
March The 14th General Shareholders' Meeting was held on 22 March
February MKIF paid a final distribution of 2011 to shareholders of KRW 260 per share
January 2012 Full year financial results announced on 31 January

2012

DateEvent
December Second Half Distribution Guidance
October Third Quarter Results Announcement
July First Half Results and First Half Distribution Announcement
July 2012 first half financial results announced on 27 July
June
  • MKIF announced a record date for interim distribution of 30 June 2012
  • MKIF divested its equity and subordinated loan investment to Daegu East Circulation Road Co., Ltd., the concessionaire of Daegu 4th Beltway East
March The 13th General Shareholders' Meeting was held on 23 March
February MKIF paid a final distribution of 2011 to shareholders of KRW 165 per share
January 2011 Full year financial results announced on 31 January

2011

DateEvent
October Third Quarter Results Announcement
August MKIF paid an interim distribution of 2011 to shareholders of KRW 165 per share
July 2011 first half financial results announced on 29 July
June MKIF announced a record date for interim distribution of 30 June
MKIF entered into a corporate credit facility (5 year term, limit to KRW 250 billion) 
May MKIF issued KRW 250billion aggregate principal amount of unsecured bonds consisting of a KRW 60 billion 5-year bond ("Tranche 1-1") and a KRW 190 billion 7-year bond ("Tranche 1-2")
March The 12th General Shareholders' Meeting was held on 25 March
February MKIF paid a final distribution of 2010 to shareholders of KRW 184 per share
January 2010 Full year financial results announced on 25 January

2010

DateEvent
November MKIF divested 30% of its equity investment to Machang Bridge Co., Ltd, concessionare of Machang Bridge
August MKIF paid an interim distribution of 2010 to shareholders of KRW 160 per share
July 2010 first half financial results announced on 30 July
June MKIF announced a record date for interim distribution of 30 June
March The 11th General Shareholders' Meeting was held on 26 March
February
  • MKIF paid a final distribution of 2009 to shareholders of KRW 160 per share
  • 2009 Full year financial results announced on 1 February
January MKIF divested its subordinated loan commitment to Kyunggi Highway Co., Ltd., concessionaire of Seosuwon-Osan-Pyungtaek Expressway

2009

DateEvent
December MKIF announced a second-half distribution guidance and its record date of 31 December
November MKIF participated in the 5th KRX IR EXPO organised by Korea Exchange
October
  • Seosuwon-Osan-Pyungtaek Expressway - Open to traffic1
  • Incheon Grand Bridge - Open to traffic
August MKIF paid an interim distribution of 2009 to shareholders of KRW 230 per share
July
  • Seoul Subway Line 9, Section 1 - Open to traffic
  • Seoul-Chuncheon Expressway - Open to traffic
  • Yongin-Seoul Expressway - Open to traffic
  • First half financial results announced on 31 July
June MKIF announced a record date for interim distribution of 30 June
May MKIF entered into an agreement with NH Investment Securities Co., Ltd. to securitise its interest receivable on the subordinated loans provided to Cheonan-Nonsan Expressway Co., Ltd., the concessionaire of Cheonan-Nonsan Expressway
March MKIF divested its senior loan issued to Incheon Bridge Co., Ltd., the concession company of Incheon Grand Bridge
February
  • MKIF paid a final distribution of 2008 to shareholders of KRW 352 per share (KRW230 per share in cash and KRW122 per share in newly issued shares)
  • 2008 Full year financial results announced on 3 February

2008

DateEvent
December
  • Woomyunsan Infraway Co., Ltd., completed the refinancing of the senior debt as well as capital redemption and financing of a subordinated debt from the shareholders.
  • MKIF announced a second-half distribution guidance and its record date of 31 December.
November
  • Extraordinary Shareholders Meeting was held on 7 November.
October
  • MKIF participated in the 4th KRX IR EXPO organised by Korea Exchange.
August
  • MKIF paid an interim distribution of 2008 to shareholders of KRW 230 per share.
July
  • 2008 First half financial results announced on 22 July.
  • Machang Bridge – Open to traffic
  • MKIF reached financial close on the purchase of 51% (KRW20.5 billion) equity interest in Machang Bridge
June
  • MKIF announced a record date for interim distribution of 30 June
March
  • The 9th General Shareholders' Meeting was held on 21 March.
  • MKIF divested its entire holding of CB issued by New Daegu Busan Expressway Co., Ltd., the concession company of New Daegu-Busan project.
February
  • MKIF paid a final distribution of 2007 to shareholders of KRW 220 per share.
January
  • 2007 Full year financial results announced on 29 January.
  • On the Busan New Port Phase 2-3 Project, all conditions precedent to drawdown under the equity agreements was satisfied and MKIF injected KRW 12.85 billion out of a total equity commitment of KRW 259.4 billion to Busan New Container Terminal the concession company for this project.
  • MKIF securitised 99.2% of its senior loan investment in Baekyang Tunnel Ltd., the concession company of Baekyang Tunnel.
  • Following the satisfaction of all conditions precedent to drawdown, MKIF reached financial close on its investment into the Seoul Metro Line 9 Company, the concession company of Seoul Subway Line 9 Section 1.

2007

December
  • MKIF committed to invest a total of KRW 259.4 billion in Busan New Port Container Terminal, Ltd., the concession company of the Busan New Port Phase 2-3 project
November
  • MKIF participated in the 3rd KRX IR EXPO organised by Korea Exchange
August
  • MKIF paid an interim distribution to shareholders of KRW 220 per share
July
  • 2007 First half financial results announced on 31 July
June
  • MKIF announced a record date for interim distribution of 30 June 2007
May
  • MKIF received "Best Infrastructure Fund Award" of 2007 at Asian Investor
  • MKIF entered into a corporate loan facility (5 year term, limit to KRW 500 billion)
April
  • Refinancing of third party provided senior loans in Daegu 4th Beltway East with MKIF provided loan
  • Following the satisfaction of all conditions precedent to drawdown, MKIF reached financial close on its subordinated loan investment into Kyunggi Highway Co., Ltd, the concessionaire of the Seosuwon-Osan-Pyungtaek Expressway Project
March
  • The 8th General Shareholders' Meeting was held on March 23
February
  • MKIF paid a distribution to shareholders of KRW 220 per share
  • Following the satisfaction of all conditions precedent to drawdown, MKIF reached financial close on its equity and subordinated loan investment into Gyungsu Highway Co., Ltd., the concessionaire of the Yongin-Seoul Expressway Project
  • MKIF received "Best Equity Deal Award" of 2006 at Asiamoney
January
  • 2006 Full year financial results announced on 30 January

2006

December
  • Record date for MKIF's final distribution has set 31 December 2006
  • MKIF IPO was awarded the 2006 Best Equity Deal of the Year by Asiamoney
November
  • On the Seoul-Chuncheon project, all conditions precedent to drawdown under the subordinated loan agreements were satisfied and MKIF injected KRW 59.0 billion (out of a total subordinated loan commitment of KRW 87.45 billion) into Seoul-Chuncheon Expressway Company, the concession company for this project
October
  • MKIF committed to provide a subordinated loan of KRW 80 billion to Kyunggi Highway Co., Ltd, the concession company of the Seosuwon-Osan-Pyungtaek Expressway project
September
  • MKIF received "Best Financial Product Award" of 2006 at the Korean Finance Culture Awards sponsored by the Asia Economic Daily newspaper
  • MKIF paid an interim distribution to shareholders of KRW 200 per share
June
  • MKIF announced a record date for interim distribution of June 30 2006
April
  • Transfer from Incheon Bridge Investment Company (a whole-owned subsidiary of MKIF) of KRW 277.4 billion of senior and subordinated loans to Koda Development Co., Ltd., the concession company of the Incheon Grand Bridge project
March
  • The seventh General Shareholders' Meeting was held on March 10
  • Distribution of KRW 53.6 billion paid
  • Acquisition of an 85% equity interest in Macquarie East Daegu Investment Co., Ltd, which holds a 100% equity interest in Daegu East Circulation Road Co., Ltd, the concession company of the Daegu 4th Beltway East, and 85% of the total subordinated debt advanced to the concession company
  • Acquisition of a 15% equity interest in the concession company of Seoul Chuncheon Expressway and amendment to the subordinated loan agreement to increase the amount of subordinated debt to be provided by MKIF
  • Capital raising of KRW 500 billion through an initial public offering in Korea and international placement to institutional investors
  • Dual listing on the Stock Market Division of the Korea Exchange and Professional Securities Market of the London Stock Exchange
February
  • Registration of MKIF with the Financial Supervisory Service as an Investment Company under Indirect Investment Asset Management Business Act
  • Acquisition of a 100% equity interest in Incheon Bridge Investment Company, which has committed to acquire a 41% equity interest in Koda Development Co., Ltd., the concession company of the Incheon Grand Bridge project

2005

December
  • Commitment to invest in the concession company of Yongin-Seoul Expressway through equity and subordinated debt
  • Commitment to invest in Incheon Grand Bridge project via equity, subordinated debt and senior debt
November
  • MSIAM licensed as Asset Management Company under IIAMBA
  • Macquarie Shinhan Infrastructure Management (MSIM)'s name changed to Macquarie Shinhan Infrastructure Asset Management (MSIAM)
  • Korean Road Infrastructure Fund (KRIF)'s name changed to Macquarie Korea Infrastructure Fund (MKIF)
  • Completion of acquisition of 36% of equity interest in Woomyunsan Tunnel project after receiving share transfer approval from the Seoul City Government
October
  • Final investment payment for Cheonan-Nonsan Expressway project completed
September
  • The sixth General Shareholders' Meeting held on September 29
  • Distribution of KRW 49.2 billion paid
  • Approval of MKIF listing by the shareholders with corresponding amendments to constituent documents
May
  • Commitment to invest in the Seoul Subway Line No. 9 project
  • Capital restructuring of the Cheonan-Nonsan Expressway project completed
  • Sale of 30.5% equity stakes in the Cheonan-Nonsan Expressway project
March
  • Refinancing of third party provided senior loans in Soojungsan Tunnel with MKIF provided loan
  • The fifth General Shareholders' Meeting held on March 31
  • Distribution of KRW 18.8 billion paid
February
  • Acquisition of 100% of equity and provision of subordinated loans to the Soojungsan Tunnel Project
  • Acquisition of 90.5% equity in the Cheonan Nonsan Expressway project

2004

December
  • Provision of subordinated loan to the Seoul Chuncheon Expressway project (investment commitment of KRW 79.4 billion)
  • Completion of acquisition of 75% of equity and subordinated debt in the Gwangju 2nd Beltway, Section 3-1 project
November
  • Refinancing the third party provided senior loan for the Gwangju 2nd Beltway Section 1 project with an MKIF provided loan
October
  • Completion of acquisition of 24.1% equity and subordinated loan interests in Incheon International Expressway project
September
  • The first installment payment for the Cheonan-Nonsan Expressway project completed
  • The fourth General Shareholders' Meeting held on September 10
  • Distribution of KRW 13.8 billion paid
July
  • The 4th fund raising completed – secured additional Capital Commitments of KRW 630.2 billion (total commitments of KRW 1,260.4 billion)
March
  • Commitment to provide 49% of equity and subordinated loans to the Machang Bridge project
  • Completion of acquisition of 99.2% of the equity and shareholder loans in the Baekyang Tunnel project
  • The third General Shareholders' Meeting held on March 12
  • Distribution of KRW 3.2 billion paid

2003

December
  • Distributions of KRW 1.7 billion paid
  • Prepayment made to acquire shares in the Woomyunsan Tunnel project
  • Prepayment made to acquire shares in the Incheon International Expressway project
  • The 3rd fund raising completed - secured additional Capital Commitments of KRW 262.7 billion (total 19 investors providing a total commitment of 630.2 billion)
September
  • The second General Shareholders' Meeting held on September 26
  • Completion of acquisition of convertible bonds issued by New Daegu-Busan Expressway project for consideration of KRW 32 billion
June
  • The 2nd fund raising completed – secured additional Capital Commitments of KRW 120.5 billion (total 17 investors providing a total commitment of KRW 367.5 billion)
March
  • Completion of acquisition of 100% equity interest in the concession company operating the Gwangju 2nd Beltway, Section 1 project
February
  • Inaugural General Shareholders' Meeting on February 28

2002

December
  • Macquarie Korea Infrastructure Fund (MKIF, formerly known as KRIF) established on 12 December 2002 KRIF's registration with Financial Supervisory Commission
  • Execution of Shareholders' Agreement with Capital Commitments of KRW 247 billion with 12 investors in total
October
  • Macquarie Shinhan Infrastructure Management (MSIM, currently know as MSIAM) established on October 17, 2002