NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2024 and Availability of 19(a) Notice
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared a monthly distribution of $0.1250 per common share for September 2024. The Fund's current annualized distribution rate is 10.43% based on the closing price of $14.38 on September 12, 2024, and 9.41% based on the NAV of $15.94. The distribution is payable on September 30, 2024, to shareholders of record on September 26, 2024.
The Fund's distribution sources for the current month are: 72% from net investment income, 19% from net realized short-term capital gains, and 9% from net realized long-term capital gains. The Fund's average annual total return since inception (10/27/2021) through 8/31/2024 is -0.76%, while the cumulative total return for the current fiscal period (6/1/2024 - 8/31/2024) is 6.80%.
Il NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha dichiarato una distribuzione mensile di $0.1250 per azione comune per settembre 2024. L'attuale tasso di distribuzione annualizzato del Fondo è del 10.43% basato sul prezzo di chiusura di $14.38 del 12 settembre 2024, e 9.41% basato sul NAV di $15.94. La distribuzione è pagabile il 30 settembre 2024 agli azionisti registrati il 26 settembre 2024.
Le fonti di distribuzione del Fondo per il mese corrente sono: 72% da reddito netto da investimenti, 19% da guadagni in conto capitale realizzati a breve termine e 9% da guadagni in conto capitale realizzati a lungo termine. Il rendimento totale annuale medio del Fondo dalla sua creazione (27/10/2021) fino al 31/08/2024 è -0.76%, mentre il rendimento totale cumulativo per il periodo fiscale corrente (1/06/2024 - 31/08/2024) è 6.80%.
El NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha declarado una distribución mensual de $0.1250 por acción ordinaria para septiembre de 2024. La tasa de distribución anualizada actual del Fondo es del 10.43% basada en el precio de cierre de $14.38 del 12 de septiembre de 2024, y 9.41% basada en el NAV de $15.94. La distribución se pagará el 30 de septiembre de 2024 a los accionistas registrados el 26 de septiembre de 2024.
Las fuentes de distribución del Fondo para el mes actual son: 72% de ingresos netos de inversiones, 19% de ganancias de capital a corto plazo realizadas, y 9% de ganancias de capital a largo plazo realizadas. El rendimiento total anual promedio del Fondo desde su inicio (27/10/2021) hasta el 31/08/2024 es -0.76%, mientras que el rendimiento total acumulado para el período fiscal actual (1/06/2024 - 31/08/2024) es 6.80%.
NYLI CBRE 글로벌 인프라 메가트렌드 기간 펀드 (NYSE: MEGI)는 2024년 9월에 대해 주당 $0.1250의 월 배당금을 선언했습니다. 펀드의 현재 연간 배당률은 2024년 9월 12일 종가 $14.38을 기준으로 10.43%이며, NAV $15.94를 기준으로 9.41%입니다. 배당금은 2024년 9월 30일에 2024년 9월 26일 기준 주주에게 지급됩니다.
이번 달 펀드의 배당금 출처는: 72%는 순투자 수익, 19%는 단기 실현 자본 이익, 9%는 장기 실현 자본 이익입니다. 펀드의 평균 연간 총 수익률은 시작(2021년 10월 27일)부터 2024년 8월 31일까지 -0.76%이며, 현재 회계 기간(2024년 6월 1일 - 2024년 8월 31일) 동안의 누적 총 수익률은 6.80%입니다.
Le NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) a déclaré une distribution mensuelle de $0.1250 par action ordinaire pour septembre 2024. Le taux de distribution annualisé actuel du Fonds est de 10.43%, basé sur le prix de clôture de $14.38 au 12 septembre 2024, et 9.41%, basé sur le NAV de $15.94. La distribution sera payable le 30 septembre 2024 aux actionnaires enregistrés le 26 septembre 2024.
Les sources de distribution du Fonds pour le mois en cours sont : 72% provenant des revenus nets d'investissement, 19% provenant des gains en capital réalisés à court terme, et 9% provenant des gains en capital réalisés à long terme. Le rendement total annuel moyen du Fonds depuis sa création (27/10/2021) jusqu'au 31/08/2024 est de -0.76%, tandis que le rendement total cumulé pour la période fiscale actuelle (01/06/2024 - 31/08/2024) est de 6.80%.
Der NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) hat eine monatliche Ausschüttung von $0.1250 pro Stammaktie für September 2024 erklärt. Die derzeitige annualisierte Ausschüttungsrate des Fonds beträgt 10.43%, basierend auf dem Schlusskurs von $14.38 am 12. September 2024, und 9.41% basierend auf dem NAV von $15.94. Die Ausschüttung ist am 30. September 2024 an die Aktionäre zahlbar, die am 26. September 2024 registriert sind.
Die Ausschüttungsquellen des Fonds für den aktuellen Monat sind: 72% aus netto Investmenterträgen, 19% aus realisierten kurzfristigen Kapitalgewinnen und 9% aus realisierten langfristigen Kapitalgewinnen. Die durchschnittliche jährliche Gesamtrendite des Fonds seit seiner Gründung (27.10.2021) bis zum 31.08.2024 beträgt -0.76%, während die kumulierte Gesamtrendite für den aktuellen Geschäftsjahreszeitraum (1.06.2024 - 31.08.2024) 6.80% beträgt.
- Monthly distribution of $0.1250 per common share maintained
- High annualized distribution rate of 10.43% based on closing price
- 72% of distribution sourced from net investment income
- Positive cumulative total return of 6.80% for current fiscal period
- Negative average annual total return of -0.76% since inception
- Lower NAV-based distribution rate (9.41%) compared to price-based rate (10.43%)
Dividend Distribution Schedule:
Ex-Dividend Date | Record Date | Payable Date | |
September | 9-26-2024 | 9-26-2024 | 9-30-2024 |
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 9/30/2024 | ||||
Source | Current | Percent of | Fiscal YTD | Fiscal YTD Percent of |
Net Investment | 72 % | 90 % | ||
Net Realized Short- | 19 % | 6 % | ||
Net Realized Long- | 9 % | 4 % | ||
Return of Capital or | 0 % | 0 % | ||
Total per Share | 100 % | 100 % | ||
Fund Performance and Distribution Rate Information as of 8/31/2024 | ||||
Average annual total return1 (in relation to the net asset value (NAV)) | – | |||
Annualized current distribution rate expressed as a percentage of month end NAV as of | ||||
Cumulative total return3 (in relation to NAV (not annualized)) for the fiscal period ending | 6.80 % | |||
Cumulative fiscal year distribution rate as a percentage of NAV as of 8/31/2024 | ||||
1. | Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 8/31/2024. | |
2. | Represents the current monthly distribution rate annualized as a percentage of NAV as of 8/31/2024. | |
3. | Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2024 through 8/31/2024. | |
4. | Represents the cumulative distribution rate for the current fiscal period 6/1/2024 through 8/31/2024, which is determined by dividing the dollar value of distributions in the period by the NAV as of 8/31/2024. |
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,
Media Contacts:
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SOURCE New York Life Investments
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