Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income Fund Decreases its Quarterly Distribution to $0.25 Per Share for May

WHEATON, Ill.–(BUSINESS WIRE)–Macquarie/First Trust Global Infrastructure/Utilities Dividend & Income
Fund (the “Fund”) (NYSE: MFD) has decreased its regularly scheduled
quarterly distribution to $0.25 per share from $0.30 per share. The
distribution will be payable on May 31, 2019, to shareholders of record
as of May 23, 2019. The ex-dividend date is expected to be May 22, 2019.
The quarterly distribution information for the Fund appears below.

A portion of the distribution may be treated as paid from sources other
than net investment income, including short-term capital gain, long-term
capital gain and return of capital. The final determination of the
source and tax status of all distributions paid in 2019 will be made
after the end of 2019 and will be provided on Form 1099-DIV.

In seeking to balance the Fund’s objectives of providing a high level of
current return consisting of dividends, interest and other similar
income while attempting to preserve capital, we believe a reduction in
the distribution from $0.30 per share to $0.25 per share will bring the
distribution more in line with the expected current earning potential of
the Fund.

The Fund is a non-diversified, closed-end management investment company
that seeks a high level of current return consisting of dividends,
interest and other similar income while attempting to preserve capital.
The Fund seeks to achieve its investment objective by investing
predominantly in the securities of companies that are involved in the
management, ownership and/or operation of infrastructure and utility
assets and are expected to offer reasonably predictable income and
attractive yields.

First Trust Advisors L.P. (“FTA”) is a federally registered investment
advisor and serves as the Fund’s investment advisor. FTA and its
affiliate First Trust Portfolios L.P. (“FTP”), a FINRA registered
broker-dealer, are privately-held companies that provide a variety of
investment services. FTA has collective assets under management or
supervision of approximately $132 billion as of April 30, 2019 through
unit investment trusts, exchange-traded funds, closed-end funds, mutual
funds and separate managed accounts. FTA is the supervisor of the First
Trust unit investment trusts, while FTP is the sponsor. FTP is also a
distributor of mutual fund shares and exchange-traded fund creation
units. FTA and FTP are based in Wheaton, Illinois.

Delaware Investments Fund Advisers (“DIFA”) is the Fund’s investment
sub-advisor. DIFA operates within Macquarie Asset Management (“MAM”).
MAM is a large scale, global asset manager, providing clients with
access to a diverse range of capabilities and products across
infrastructure, real estate, natural resources, private credit, fixed
income, equities, multi-asset and liquid alternatives. The Fund’s Core
Component, which consists primarily of equity securities and equity-like
securities issued by infrastructure issuers, is managed by the Global
Listed Infrastructure team, which started operations in 2004 with the
launch of the fund. DIFA and its Australia-based affiliates managed
approximately $2.6 billion of assets as of December 31, 2018, in MAM’s
Infrastructure Securities portfolios, which includes the Fund. The
Fund’s Senior Loan Component is managed by the High Yield Fixed Income
team, which joined Macquarie Group in 2008. The High Yield Fixed Income
team managed approximately $0.9 billion of assets as of April 30, 2019,
with an emphasis on Senior Loans.

Past performance is no assurance of future results. Investment return
and market value of an investment in the Fund will fluctuate. Shares,
when sold, may be worth more or less than their original cost. There can
be no assurance that the Fund’s investment objectives will be achieved.
The Fund may not be appropriate for all investors.

Principal Risk Factors: The Fund principally invests in a global
portfolio of infrastructure stocks in a range of currencies and senior
secured loans. Accordingly, the Fund’s NAV will fluctuate with changes
in the value of the Fund’s holdings. Investment in infrastructure and
utilities issuers are subject to various risks including governmental
regulations, high-interest costs associated with capital construction
programs, costs associated with environmental regulation, the effects of
economic slowdown and surplus capacity, competition from other providers
of services and other factors. Investment in non-U.S. securities is
subject to the risk of currency fluctuations and to economic and
political risks associated with such foreign countries.

The Senior Loans in which the Fund invests are generally considered to
be “high-yield securities”. High-yield securities are subject to greater
market fluctuations and risk of loss than securities with higher
ratings. The Fund’s portfolio is also subject to credit risk and
interest rate risk. Interest rate risk is the risk that fixed-income
securities will decline in value because of changes in market interest
rates. Credit risk is the risk of nonpayment of scheduled contractual
repayments whether interest and/or principal payments or payments for
services and that the value of a security may decline as a result.

Use of leverage can result in additional risk and cost, and can magnify
the effect of any losses. There can be no assurance as to what portion
of the distributions paid to the Fund’s common shareholders will consist
of tax-advantaged qualified dividend income.

The risks of investing in the Fund are spelled out in the shareholder
report and other regulatory filings.

The information presented is not intended to constitute an investment
recommendation for, or advice to, any specific person. By providing this
information, First Trust is not undertaking to give advice in any
fiduciary capacity within the meaning of ERISA, the Internal Revenue
Code or any other regulatory framework. Financial advisors are
responsible for evaluating investment risks independently and for
exercising independent judgment in determining whether investments are
appropriate for their clients.

The Fund’s daily closing New York Stock Exchange price and net asset
value per share as well as other information can be found at www.ftportfolios.com
or by calling 1-800-988-5891.

Contacts

Press Inquiries: Jane Doyle, 630-765-8775
Analyst Inquiries: Jeff
Margolin, 630-915-6784
Broker Inquiries: Jeff Margolin, 630-915-6784