NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for October 2024 and Availability of 19(a) Notice
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has announced its monthly distribution for October 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 10.64% based on the closing price of $14.10 and 9.62% based on the NAV of $15.60 as of October 10, 2024.
The distribution breakdown is as follows:
- 37% from Net Investment Income
- 43% from Net Realized Short-Term Capital Gains
- 20% from Net Realized Long-Term Capital Gains
The Fund's average annual total return from inception through September 30, 2024, is 1.06%. The cumulative total return for the fiscal period ending September 30, 2024, is 12.59%. The Fund's Board of Trustees reviews the distribution quarterly, aiming to distribute an amount closely approximating the Fund's net investment income and net realized capital gains during the year.
Il NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha annunciato la sua distribuzione mensile per ottobre 2024 di $0.1250 per azione comune. L'attuale tasso di distribuzione annualizzato del fondo è 10.64% basato sul prezzo di chiusura di $14.10 e 9.62% basato sul NAV di $15.60 al 10 ottobre 2024.
La suddivisione della distribuzione è la seguente:
- 37% da Reddito da Investimenti Netto
- 43% da Guadagni in Capitale a Breve Termine Realizzati Netto
- 20% da Guadagni in Capitale a Lungo Termine Realizzati Netto
Il rendimento totale annuale medio del fondo dalla sua nascita fino al 30 settembre 2024 è 1.06%. Il rendimento totale cumulativo per l'anno fiscale che termina il 30 settembre 2024 è 12.59%. Il Consiglio di Amministrazione del fondo esamina la distribuzione trimestralmente, con l'obiettivo di distribuire un importo che si avvicini alle entrate nette da investimenti e ai guadagni in capitale realizzati netti durante l'anno.
El NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha anunciado su distribución mensual para octubre de 2024 de $0.1250 por acción común. La tasa de distribución anual actual del fondo es 10.64% basado en el precio de cierre de $14.10 y 9.62% basado en el NAV de $15.60 al 10 de octubre de 2024.
El desglose de la distribución es el siguiente:
- 37% de Ingresos Netos de Inversión
- 43% de Ganancias de Capital a Corto Plazo Realizadas Netas
- 20% de Ganancias de Capital a Largo Plazo Realizadas Netas
El rendimiento total anual promedio del fondo desde su inicio hasta el 30 de septiembre de 2024 es 1.06%. El rendimiento total acumulado para el período fiscal que finaliza el 30 de septiembre de 2024 es 12.59%. La Junta de Fideicomisarios del fondo revisa la distribución trimestralmente, con el objetivo de distribuir un monto que se aproxime a los ingresos netos de inversión y a las ganancias de capital realizadas netas durante el año.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI)는 2024년 10월에 주당 $0.1250의 월 배당금을 발표했습니다. 이 펀드의 현재 연환산 배당률은 $14.10의 종가를 기준으로 10.64%, 2024년 10월 10일 기준 $15.60의 NAV를 기준으로 9.62%입니다.
배당금 이는 다음과 같습니다:
- 순 투자 수익의 37%
- 실현된 단기 자본 이득의 43%
- 실현된 장기 자본 이득의 20%
펀드의 창립 이후 평균 연간 총 수익률은 2024년 9월 30일까지 1.06%입니다. 2024년 9월 30일로 종료되는 회계기간의 누적 총 수익률은 12.59%입니다. 펀드의 이사회는 분기마다 배당금을 검토하며, 연간 순 투자 수익 및 실현된 자본 이득에 근접한 금액을 배당할 수 있도록 목표로 하고 있습니다.
Le NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) a annoncé sa distribution mensuelle pour octobre 2024 de 0,1250 $ par action ordinaire. Le taux de distribution annualisé actuel du fonds est de 10,64 % basé sur le prix de clôture de 14,10 $ et 9,62 % basé sur la NAV de 15,60 $ au 10 octobre 2024.
La répartition de la distribution est la suivante :
- 37 % des Revenus Net d'Investissement
- 43 % des Gains en Capital Réalisés à Court Terme
- 20 % des Gains en Capital Réalisés à Long Terme
Le rendement total annuel moyen du fonds depuis sa création jusqu'au 30 septembre 2024 est de 1,06 %. Le rendement total cumulé pour l'exercice se terminant le 30 septembre 2024 est de 12,59 %. Le Conseil d'Administration du fonds examine la distribution trimestriellement, avec l'objectif de distribuer un montant se rapprochant des revenus nets d'investissement et des gains en capital réalisés nets pendant l'année.
Der NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) hat seine monatliche Ausschüttung für Oktober 2024 von $0.1250 pro Stammaktie bekannt gegeben. Der aktuelle annualisierte Ausschüttungssatz des Fonds beträgt 10.64% basierend auf dem Schlusskurs von $14.10 und 9.62% basierend auf dem NAV von $15.60 am 10. Oktober 2024.
Die Verteilung der Ausschüttung ist wie folgt:
- 37% aus Nettokapitalerträgen
- 43% aus realisierten Netto-Kapitalgewinnen aus kurzfristigen Anlagen
- 20% aus realisierten Netto-Kapitalgewinnen aus langfristigen Anlagen
Die durchschnittliche jährliche Gesamtrendite des Fonds seit seiner Gründung bis zum 30. September 2024 beträgt 1.06%. Die kumulierte Gesamtrendite für das am 30. September 2024 endende Geschäftsjahr beträgt 12.59%. Der Vorstand des Fonds überprüft die Ausschüttung vierteljährlich, mit dem Ziel, einen Betrag auszuschütten, der den Nettoinvestitionserträgen und den realisierten Kapitalgewinnen im Jahr nahekommt.
- Monthly distribution of $0.1250 per common share announced
- High annualized distribution rate of 10.64% based on closing price
- Cumulative total return of 12.59% for the fiscal period ending September 30, 2024
- Distribution fully covered by net investment income and capital gains, with no return of capital
- Low average annual total return of 1.06% since inception
Dividend Distribution Schedule:
|
Ex-Dividend Date |
Record Date |
Payable Date |
October |
10-24-2024 |
10-24-2024 |
10-31-2024 |
The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Distribution Policy.
Future earnings of the Fund cannot be guaranteed, and the Fund's distribution policy is subject to change. For more information on the Fund, please visit the Fund’s website here.
The Fund's monthly distribution is set by its Board of Trustees. The Board reviews the Fund's distribution on a quarterly basis in view of its net investment income, realized and unrealized gains, and other net unrealized appreciation or income expected during the remainder of the year. The Fund strives to establish a level monthly distribution that, over the course of the year, will serve to distribute an amount closely approximating the Fund's net investment income and net realized capital gains during the year.
The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.
Data as of 10/31/2024 |
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Source |
Current Distribution per Share |
Percent of Current Distribution |
Fiscal YTD Cumulative Distribution per Share |
Fiscal YTD Percent of Total Cumulative Distributions |
Net Investment Income |
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Net Realized Short- Term Capital Gains |
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Net Realized Long- Term Capital Gains |
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Return of Capital or Other Capital Sources |
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Total per Share |
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Fund Performance and Distribution Rate Information as of 9/30/2024 |
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Average annual total return1 (in relation to the net asset value (NAV)) |
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Annualized current distribution rate expressed as a percentage of month end NAV as of
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Cumulative total return3 (in relation to NAV (not annualized)) for the fiscal period ending
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Cumulative fiscal year distribution rate as a percentage of NAV as of 9/30/2024 |
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- Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 9/30/2024.
- Represents the current monthly distribution rate annualized as a percentage of NAV as of 9/30/2024.
- Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2024 through 9/30/2024.
- Represents the cumulative distribution rate for the current fiscal period 6/1/2024 through 9/30/2024, which is determined by dividing the dollar value of distributions in the period by the NAV as of 9/30/2024.
There is no assurance the Fund will continue to pay regular monthly distributions or that it will do so at a particular rate.
You should not draw any conclusions about the Fund’s investment performance from the amount of its distribution to shareholders.
Any distributions in excess of the Fund’s current and accumulated earnings and profits will be treated first, as a tax-deferred return of capital, which is applied against and will reduce the adjusted tax basis of shares and, after such adjusted basis is reduced to zero, will generally constitute capital gains. A return of capital distribution may lower a shareholder’s basis in the Fund, causing a potential future tax consequence in connection with the sale of Fund shares, even if such shares are sold at a loss to the shareholder’s initial investments.
Any amounts and sources of distributions are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send a Form 1099-DIV for the calendar year that will advise how to report these distributions for federal income tax purposes.
The Fund is a closed-end fund, which is traded on the New York Stock Exchange and invests primarily in income-producing equity securities issued by infrastructure companies. Holdings are subject to change. Past performance is no guarantee of future results.
The Fund's daily New York Stock Exchange closing prices, net asset values per share, as well as other information are available by clicking here or by calling the Fund's shareholder servicing agent at (855) 456-9683.
Before considering an investment in the Fund, you should understand that you could lose money. There are risks inherent in all investments.
For more information about the Fund, including specific risks, please visit our website here.
About New York Life Investments
With over
*New York Life Investment Management ranked 26th largest institutional investment manager in Pensions & Investments' Largest Money Managers 2024 published June 2024, based on worldwide institutional AUM as of 12/31/23. No direct or indirect compensation was paid for the creation and distribution of this ranking.
About CBRE Investment Management
CBRE Investment Management Listed Real Assets LLC is the listed real assets arm of CBRE Investment Management, a leading global real assets investment management firm with
CBRE Investment Management is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE Investment Management harnesses CBRE’s data and market insights, investment sourcing and other resources for the benefit of its clients. For more information, please visit www.cbreim.com.
*Assets under management (AUM) refers to the fair market value of real assets-related investments with respect to which CBRE Investment Management provides, on a global basis, oversight, investment management services and other advice and which generally consist of investments in real assets; equity in funds and joint ventures; securities portfolios; operating companies and real assets-related loans. This AUM is intended principally to reflect the extent of CBRE Investment Management’s presence in the global real assets market, and its calculation of AUM may differ from the calculations of other asset managers and from its calculation of regulatory assets under management for purposes of certain regulatory filings.
This press release is not an offer to sell securities and is not a solicitation of an offer to buy securities, nor will there be any sales of securities in any jurisdiction where the offer or sale is not permitted.
New York Life Investment Management LLC engages the services of SEC-registered advisors. CBRE Investment Management Listed Real Assets (CBRE Investment Management) is unaffiliated with New York Life Investment Management LLC. "New York Life Investments" is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street,
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Media Contacts:
New York Life Investments:
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Sara_J_Guenoun@newyorklife.com
Source: New York Life Investments
FAQ
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