Macquarie Global Infrastructure Total Return Fund Inc. Announces Decision to Opt in to Maryland Control Share Acquisition Act and Increase in Distribution

Today, Macquarie Global Infrastructure Total Return Fund Inc. MGU (the "Fund") announced that the Fund's Board of Directors has unanimously approved the Fund's election to be subject to the Maryland Control Share Acquisition Act ("MCSAA"), effective as of April 27, 2022. The objective of the MCSAA is to protect the interests of all shareholders of a Maryland corporation. It achieves this by limiting the voting power of a large investor, or group of investors acting in concert, with respect to newly acquired shares above various threshold levels that start at 10 percent. Those shares can be voted only if two-thirds of the shares held by the other shareholders agree to grant voting rights to these "control shares."

The MCSAA will only apply to "control shares" acquired after April 27, 2022, the date that the Fund elected to be subject to the MCSAA. The above description of the MCSAA is only a high-level summary and investors should refer to the actual provisions of the MCSAA for more information.

In addition, the Board of Directors declared on May 3, 2022, a regular distribution for the month ending April 30, 2022 of $0.13 per share, which is an increase from the prior distribution of $0.10 per share.

Based on the Fund's net asset value ("NAV") per share of $29.20 and New York Stock Exchange closing market price of $24.46 on April 29, 2022, the $0.13 per share distribution is equal to an annualized distribution rate of 5.34% at NAV and 6.38% at market price.

A portion of the distributions may be treated as paid from sources other than net income, including, but not limited to, short-term capital gain, long-term capital gain and return of capital. The final determination of the source of all distributions in 2022, including the percentage of qualified dividend income, will be made by the Fund after Dec. 31, 2022.

This distribution will be payable on May 27, 2022, to shareholders of record on May 20, 2022, with an ex-dividend date of May 19, 2022.

About the Fund

Macquarie Global Infrastructure Total Return Fund Inc., a diversified closed-end fund, is listed on the New York Stock Exchange. The Fund's investment adviser is Delaware Management Company ("Investment Adviser"), a series of Macquarie Investment Management Business Trust, which is a subsidiary of Macquarie Management Holdings, Inc. ("MMHI"). MMHI is a subsidiary, and subject to the ultimate control, of Macquarie Group Limited. Macquarie Asset Management (MAM) is the asset management division of Macquarie Group. MAM, through its entities, operates as a full-service asset manager offering a diverse range of products including securities investment management, infrastructure and real asset management, and fund and equity-based structured products.

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. An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. Forward-looking statements are based on information that is available on the date hereof, and neither the Investment Adviser nor any other person affiliated with the Investment Adviser has any duty to update any forward-looking statements. Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio.

Delaware Management Company is an indirect wholly owned subsidiary of Macquarie Group Limited (MGL). Other than Macquarie Bank Limited ABN 46 008 583 542 ("Macquarie Bank"), any Macquarie Group entity noted in this document is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.

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