How is MQA structured?
MQA is a new stapled structure consisting of: Macquarie Atlas Roads Limited (MARL) (an Australian public company) and Macquarie Atlas Roads International Limited (MARIL) (an exempted mutual fund company incorporated in Bermuda). MQA was created out of Macquarie Infrastructure Group. MQA owns and manages the interests of the MQA portfolio being the M6 Toll, APRR, Dulles Greenway, Chicago Skyway and Indiana Toll Road. In addition, MQA also holds investments in the South Bay Expressway, Warnow Tunnel and Transtoll. These three other businesses are not considered material to MQA’s portfolio. The MARL shares and MARIL shares which together comprise an MQA security are each linked together and cannot be traded separately. Macquarie Capital Funds Advisory Services Pty Limited (MCFAS) is the manager of MARL and advisor of MARIL.