The shareholders of Macquarie NexGen Global Infrastructure may consider merging the company with an open-end mutual fund, NexGen Canadian Balanced Growth Tax Managed Fund. The NexGen fund is managed by NexGen Financial.

The merger will deal with the economic inefficiencies of operating Macquarie, which has significantly decreased due to redemptions since its IPO. The board of directors of Macquarie has approved the proposed merger.

Click here for the release from Canada Newswire.