Intoll - Investor Center - FAQs

Intoll is a tripled stapled entity, containing the current entities that comprise MIG (being MIT(I), MIT(II) and MIGIL), but with the responsible entity of MIT(I) and MIT(II), MIIML, being owned by MIT(II) and MIIML being the adviser to MIGIL rather than MCFEL.

Intoll holds a 30% interest in the 407 ETR in Toronto, Canada and a 25% interest in the Westlink M7 in Sydney, Australia.

The MIIML Board comprises Paul McClintock (Chairman), David Mortimer and David Walsh, and the MIGIL Board comprises Robert Mulderig (Chairman), Jeffrey Conyers, Dr Peter Dyer and Paul McClintock (as MIIML’s appointee). David Walsh intends to resign from the MIIML Board and will be replaced by a suitably qualified independent director within six months of implementation of the Restructure Proposal and the MIGIL Board will consider whether it is appropriate for any incumbent director to resign and be replaced by suitably qualified independent directors.

Intoll intends to pay distributions in line with the free cash flow of the assets in the Intoll Portfolio, post holding entity operating expenses. MIG’s distribution reinvestment plan (currently suspended) will continue to apply to Intoll.

Intoll, assuming its investment criteria can be met, will be able to participate in new investment opportunities. Primarily, future investment opportunities should be accretive to the Intoll Portfolio over the long term.

Transitional services will be provided to Intoll by Macquarie for a period of up to 12 months post the implementation of the Restructure Proposal.Macquarie may also continue to have arm’s length business dealings with Intoll in the ordinary course of business.