NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2025 and Availability of 19(a) Notice
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared its monthly distribution of $0.1250 per common share for January 2025. The Fund's current annualized distribution rate is 12.31% based on the closing price of $12.19 and 11.07% based on NAV of $13.55 as of January 10, 2025.
The distribution sources for the fiscal year to date include: 60% from net investment income, 20% from net realized short-term capital gains, 8% from net realized long-term capital gains, and 12% from return of capital. The Fund's average annual total return since inception (10/27/2021) through 12/31/2024 is -2.56%, with a cumulative total return of 0.51% for the current fiscal period.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha dichiarato la sua distribuzione mensile di $0.1250 per azione ordinaria per gennaio 2025. L'attuale tasso di distribuzione annualizzato del Fondo è 12,31% basato sul prezzo di chiusura di $12,19 e 11,07% basato sul NAV di $13,55 al 10 gennaio 2025.
Le fonti di distribuzione per l'anno fiscale fino ad oggi includono: 60% da reddito da investimenti netti, 20% da guadagni di capitale realizzati a breve termine netti, 8% da guadagni di capitale realizzati a lungo termine netti, e 12% da restituzione di capitale. Il rendimento totale medio annuo del Fondo dalla sua creazione (27/10/2021) fino al 31/12/2024 è -2,56%, con un rendimento totale cumulativo dello 0,51% per il periodo fiscale attuale.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) ha declarado su distribución mensual de $0.1250 por acción común para enero de 2025. La tasa de distribución anualizada actual del Fondo es 12.31% basado en el precio de cierre de $12.19 y 11.07% basado en el NAV de $13.55 al 10 de enero de 2025.
Las fuentes de distribución para el año fiscal hasta la fecha incluyen: 60% de ingresos netos por inversiones, 20% de ganancias de capital netas realizadas a corto plazo, 8% de ganancias de capital netas realizadas a largo plazo, y 12% de retorno de capital. El rendimiento total promedio anual del Fondo desde su creación (27/10/2021) hasta el 31/12/2024 es -2.56%, con un rendimiento total acumulado de 0.51% para el período fiscal actual.
NYLI CBRE 글로벌 인프라 메가트렌드 기한 펀드 (NYSE: MEGI)는 2025년 1월에 대한 보통주당 월 배당금을 $0.1250으로 선언했습니다. 펀드의 현재 연간 배당률은 2025년 1월 10일 기준으로 종가 $12.19에 대한 12.31%와 NAV $13.55에 대한 11.07%입니다.
회계 연도까지의 배당 출처에는 다음이 포함됩니다: 60%는 순 투자 수익에서, 20%는 실현된 단기 자본 이득에서, 8%는 실현된 장기 자본 이득에서, 12%는 자본 반환에서 발생했습니다. 펀드의 창설 이래 평균 연간 총 수익률(2021년 10월 27일 기준)은 -2.56%이며, 현재 회계 기간의 누적 총 수익률은 0.51%입니다.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) a déclaré sa distribution mensuelle de 0,1250 $ par action ordinaire pour janvier 2025. Le taux de distribution annualisé actuel du Fonds est de 12,31% basé sur le prix de clôture de 12,19 $ et 11,07% basé sur le NAV de 13,55 $ au 10 janvier 2025.
Les sources de distribution pour l'année fiscale jusqu'à présent comprennent : 60% des revenus d'investissement nets, 20% des gains de capital réalisés à court terme, 8% des gains de capital réalisés à long terme, et 12% du retour de capital. Le rendement total annuel moyen du Fonds depuis sa création (27/10/2021) jusqu'au 31/12/2024 est de -2,56%, avec un rendement total cumulé de 0,51% pour la période fiscale actuelle.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) hat seine monatliche Ausschüttung von $0.1250 pro Stammaktie für Januar 2025 bekannt gegeben. Die aktuelle annualisierte Ausschüttungsquote des Fonds beträgt 12,31% basierend auf dem Schlusskurs von $12,19 und 11,07% basierend auf dem NAV von $13,55 zum 10. Januar 2025.
Die Ausschüttungsquellen für das laufende Geschäftsjahr umfassen: 60% aus Nettoanlageerträgen, 20% aus realisierten Netto-Kurzzeitgewinnen, 8% aus realisierten Netto-Langzeitgewinnen und 12% aus Kapitalrückzahlungen. Die durchschnittliche jährliche Gesamtrendite des Fonds seit seiner Gründung (27.10.2021) bis zum 31.12.2024 beträgt -2,56%, mit einer kumulierten Gesamtrendite von 0,51% für den aktuellen Geschäftsjahr.
- High distribution rate of 12.31% based on market price
- 88% of distributions sourced from investment income and capital gains
- Positive cumulative total return of 0.51% for current fiscal period
- Negative average annual total return of -2.56% since inception
- 12% of distribution classified as return of capital
- Current distribution fully sourced (100%) from return of capital or other capital sources
Insights
The monthly distribution announcement reveals several critical insights about MEGI's financial health and strategy. The fund maintains its
The fund's performance metrics are concerning, showing a negative average annual total return of
The significant gap between market price (
Dividend Distribution Schedule:
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Ex-Dividend Date |
Record Date |
Payable Date |
January |
1-27-2025 |
1-27-2025 |
1-31-2025 |
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 1/31/2025 |
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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 12/31/2024 |
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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 12/31/2024 |
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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.
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.’’
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:
New York Life Investments:
Sara Guenoun
Sara_J_Guenoun@newyorklife.com
Source: New York Life Investments
FAQ
What is MEGI's monthly distribution amount for January 2025?
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What are the sources of MEGI's fiscal year-to-date distributions?
What is MEGI's average annual total return since inception?
When will MEGI's January 2025 distribution be paid?
