SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Macquarie Infrastructure Corporation of Class Action Lawsuit and Upcoming Deadline MIC

Pomerantz LLP announces that a class action lawsuit has been filed
against Macquarie Infrastructure Corporation (“Macquarie” or the
“Company”) (NYSE: MIC) and certain of its officers. The class action,
filed in United States District Court, Southern District of New York,
and docketed under 18-cv-03744, is on behalf of a class consisting of
investors who purchased or otherwise acquired Macquarie’s securities
between February 22, 2016, and February 21, 2018, both dates inclusive
(the “Class Period”), seeking to recover damages caused by Defendants’
violations of the federal securities laws and to pursue remedies under
Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the
“Exchange Act”) and Rule 10b-5 promulgated thereunder, against the
Company and certain of its top officials.

If you are a shareholder who purchased Macquarie’s securities between
February 22, 2016, and February 21, 2018, both dates inclusive, you have
until June 25, 2018, to ask the Court to appoint you as Lead Plaintiff
for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com.
To discuss this action, contact Robert S. Willoughby at rswilloughby@pomlaw.com
or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 9980. Those who
inquire by e-mail are encouraged to include their mailing address,
telephone number, and the number of shares purchased.

here to join this class action]

Macquarie Infrastructure Corporation owns, operates, and invests in a
portfolio of infrastructure businesses. The Company’s businesses consist
of bulk liquid terminals, airport services, gas processing and
distribution, and a portfolio of contracted power and energy
investments. Macquarie’s International-Matex Tank Terminals (“IMTT”)
business provides bulk liquid storage and handling services at 12 marine
terminals in the United States and Canada, is Macquarie’s most important
business segment.

The Complaint alleges that throughout the Class Period, Defendants made
materially false and misleading statements regarding the Company’s
business, operational and compliance policies. Specifically, Defendants
made false and/or misleading statements and/or failed to disclose that:
(i) IMTT’s performance and utilization were at risk of significant
decline due to ongoing industrywide changes in the market for heavy
residual oils, and in particular, declining demand and pricing for No. 6
fuel oil; (ii) IMTT relied significantly on demand for storage of heavy
residual fuel oils, including No. 6 fuel oil; (iii) Macquarie needed to
undertake significant capital expenditures to repurpose IMTT storage
tanks to accommodate alternative products; and (iv) as a result of the
foregoing, Macquarie’s shares traded at artificially inflated prices
during the Class Period, and class members suffered significant losses
and damages.

On February 21, 2018, after the market closed, Macquarie surprised the
market by announcing disappointing fourth-quarter earnings of $0.43 per
share, well short of analysts’ estimate of $0.51 per share, and that the
Company would be slashing its dividend by 31%. Macquarie blamed its poor
performance on the declining use of heavy residual oil products,
declining demand and prices for No. 6 fuel oil.

On this news, Macquarie’s share price fell $26.21, or 41.19%, to close
at $37.41 on February 22, 2018.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and
Paris, is acknowledged as one of the premier firms in the areas of
corporate, securities, and antitrust class litigation. Founded by the
late Abraham L. Pomerantz, known as the dean of the class action bar,
the Pomerantz Firm pioneered the field of securities class actions.
Today, more than 80 years later, the Pomerantz Firm continues in the
tradition he established, fighting for the rights of the victims of
securities fraud, breaches of fiduciary duty, and corporate misconduct.
The Firm has recovered numerous multimillion-dollar damages awards on
behalf of class members. See www.pomerantzlaw.com

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