What happened Shares of Macquarie Infrastructure (NYSE: MIC) rose just shy of 12% at one point in the first hour of trading on Monday. The big news is that the investment company, which owns a diversified portfolio of infrastructure assets, announced the sale of one of its entities to KKR (NYSE: KKR). So what Macquarie Infrastructure is selling its Atlantic Aviation Group to KKR for $4.475 billion in cash and assumed debt. Atlantic Aviation provides fuel and hangar services to private aircraft at 69 U.S. airports and is the larger of Macquarie Infrastructure's two main divisions. The sale is expected to close in the fourth quarter with Macquarie collecting roughly $3.525 billion in cash from the deal; it will pay its external manager $227 million. But all of this news isn't likely why investors are excited here. Image source: Getty Images. After the deal closes, and the external manager collects its fee, Macquarie Infrastructure will be left with $3.298 billion with which it has to do something. Right now, it appears that the board intends to announce a dividend of $37.35 per unit. The company has another, smaller division, providing energy services to Hawaii, but the share price is basically trading just a touch above the proposed distribution value. One day ago, meanwhile, it was actually a couple of bucks below that level. So the price jump is basically pricing in the sale and potential for a big cash distribution. Now what It would be an understatement to suggest that this is a material event. In fact, the price gain today doesn't do the news justice, since Macquarie is selling off its biggest business and following through on its intended goal of basically winding the company down. Right now investors have to decide if they want to stick around and collect the cash or sell and take the capital gains. There are tax considerations here, given that dividends and capital gains don't receive the exact same tax treatment. That said, sticking around means you will still own, indirectly, the company's Hawaii operations, which Macquarie Infrastructure is also looking to sell. The target for the disposition of those assets is 2022, but sticking around means you could be in line for a second payday, although likely a much smaller one. 10 stocks we like better than Macquarie InfrastructureWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Macquarie Infrastructure wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of May 11, 2021 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool recommends KKR. The Motley Fool has a disclosure policy.Source