Macquarie Power & Infrastructure Income Fund Announces Formal Appointment of Michael Bernstein as President and CEO

Mon Jul 6, 2009 11:54am EDT
 
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  TORONTO, ONTARIO, Jul 06 (MARKET WIRE) -- 
Macquarie Power & Infrastructure Income Fund (TSX: MPT.UN)(TSX: MPT.DB)
("MPT" or the "Fund") today announced that Michael Bernstein, who has
served as the Fund's President and Chief Executive Officer on an interim
basis since April 2009, has been permanently appointed to the role.

    About the Fund

    Macquarie Power & Infrastructure Income Fund invests in essential
infrastructure assets in North America with an emphasis on power
infrastructure. MPT's strategy is to acquire and actively manage a
diverse, high quality portfolio of infrastructure assets to improve their
financial performance and provide growing and sustainable distributions
to unitholders. MPT's portfolio includes investments in gas cogeneration,
wind, hydro and biomass power generating facilities, representing
approximately 350 MW of installed capacity, and a 45% interest in
Leisureworld Senior Care LP, a leading provider of long-term care, or
social infrastructure, in Ontario. MPT is managed by a wholly-owned
subsidiary of Macquarie Group Limited. Please visit www.macquarie.com/mpt
for additional information.

    Forward-looking Statements

    Certain statements in this news release may constitute "forward-looking"
statements, which involve known and unknown risks, uncertainties and
other factors that may cause the actual results to be materially
different from any future results expressed or implied by such
forward-looking statements. When used in the this news release, such
statements use such words as "may", "will", "expect", "believe", "plan"
and other similar terminology. Forward-looking statements involve
significant risks and uncertainties, should not be read as guarantees of
future performance or results and will not necessarily be accurate
indications of whether or not such results will be achieved. The
forward-looking statements contained in this news release are based on
information currently available and what the Fund currently believes are
reasonable assumptions, including the material assumptions for each of
the Fund's assets set out in the Fund's 2008 Annual Report under the
headings "Outlook" on pages 23 to 24, as updated in subsequently filed
quarterly Financial Reports of the Fund. However, the Fund cannot assure
investors that actual results will be consistent with these
forward-looking statements. These forward-looking statements are made as
of the date of this news release, and, except as required by law, the
Fund does not undertake any obligation to update publicly or to revise
any of the included forward-looking statements, whether as a result of
new information, future events or otherwise. The Fund cautions readers
not to place undue reliance on any forward-looking statements contained
in this news release. The forward-looking statements contained in this
news release are expressly qualified by this cautionary statement.

    The forward-looking information contained in this news release is
presented for the purposes of assisting investors and analysts in
understanding the Fund's financial position and our stated priorities and
objectives may not be appropriate for other purposes. The Fund cautions
readers not to place undue reliance on any forward-looking statements,
which speak only as of the date made. A number of factors could cause
actual results to differ materially from the results discussed in the
forward-looking statements, including, but not limited to, risks
associated with: the operational performance of the Fund's assets; power
purchase agreements; fuel costs, supply and transportation; default under
credit agreements; regulatory regime and permits; land tenure and related
rights; government regulation and funding; the ability to complete future
acquisitions; LTC home ownership and operation; minority ownership
interest in Leisureworld; reliance on key personnel; default under
Leisureworld's long-term debt and credit facility; labour relations and
cost; the variability of distributions; unitholder liability; dependence
on Macquarie Power Management Ltd., the manager of the Fund, and
potential conflicts of interest; insurance; and risks related to the
environmental, health and safety regimes within which the Fund's assets
operate. The risks and uncertainties described above are not exhaustive
and other events and risk factors, including risk factors disclosed in
Fund's filings with Canadian securities regulatory authorities, could
cause actual results to differ materially from the results discussed in
the forward-looking statements.

    Macquarie Power & Infrastructure Income Fund is not an authorised deposit
taking institution for the purposes of the Banking Act (Cth) 1959 and
Macquarie Power & Infrastructure Income Fund's obligations do not
represent deposits or other liabilities of Macquarie Bank Limited ABN 46
008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance
in respect of the obligations of Macquarie Power & Infrastructure Income
Fund.

Contacts:
Macquarie Power & Infrastructure Income Fund
Sarah Borg-Olivier
Vice President, Investor Relations
(416) 607 5009
sarah.borg-olivier@macquarie.com

Copyright 2009, Market Wire, All rights reserved.

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