The story
Macquarie Power & Infrastructure Income Fund (MP&I) first listed on the Toronto Stock Exchange in April 2004 as Macquarie Power Income Fund with the 156MW Cardinal natural gas plant as its sole asset. In April 2005, the fund's founding President & CEO Bob Rollison announced a broader acquisition strategy that would include infrastructure assets beyond the energy sector.
Leisureworld Acquisition and Divestiture
This broader mandate allowed MP&I to acquire 45% of Leisureworld, an operator of long-term care facilities in Ontario, in 2005. However, management opted to divest this asset in 2009, arguing that they wanted to focus more on "core infrastructure categories, such as power generation, electricity transmission or distribution, and utilities and transportation."
From Wikipedia’s article on Capstone Infrastructure, shared under CC BY-SA 4.0.5