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On December 23, 2020, Macquarie Infrastructure Corporation announced that it has completed the sale of its International-Matex Tank Terminals (IMTT) business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion, net of closing adjustments and including assumed debt of approximately $1.11 billion. MIC announced that it had entered into the agreement to sell IMTT on November 9, 2020. As previously indicated, the MIC board of directors has elected to return all the net proceeds from the sale, after payment of taxes and expenses and providing for the repayment of holding company level debt, to shareholders in a special dividend. The board has authorized the payment of a one-time dividend of $11.00 per share of MIC common stock. The special dividend will be payable January 8, 2021 to stockholders of record as of the close of trading January 5, 2021.
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