Welcome to our dedicated page for NYLI CBRE Global Infrastructure Megatrends Term Fund news (Ticker: MEGI), a resource for investors and traders seeking the latest updates and insights on NYLI CBRE Global Infrastructure Megatrends Term Fund stock.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) is a non-diversified, closed-end management investment company. The Fund's primary investment objective is to achieve a high level of total return with a focus on current income.
The Fund, managed by New York Life Investment Management LLC and distributed by NYLIFE Distributors LLC, invests primarily in income-generating equity securities of infrastructure companies. It leverages the expertise of CBRE Investment Management, a global leader in real assets investment with $147.6 billion in assets under management as of June 30, 2023. The affiliation with CBRE, the world's largest commercial real estate services and investment firm, provides valuable market insights and resources to the Fund.
MEGI implements a strategy designed to produce stable monthly distributions for its shareholders. As of recent announcements, the Fund's annualized distribution rate has ranged between 10.07% and 12.88%, depending on the closing prices and Net Asset Values (NAV). These distributions are subject to regular review by the Board of Trustees, who consider the Fund's net investment income, realized and unrealized gains, and other factors.
The Fund's NASDAQ listed stock provides investors with easy access to daily closing prices and NAV information. It's important to understand that the Fund's distribution policy and future earnings are not guaranteed and can change. Any distributions that exceed the Fund's earnings and profits are treated as a return of capital, which may have tax implications for shareholders.
Significant recent updates include the Fund's consistent monthly distributions. For example, the Fund announced a $0.1250 per common share distribution for April 2024, reflecting an annualized distribution rate of 12.35% based on the closing price of $12.15 on April 10, 2024.
New York Life Investments, with over $716 billion in assets under management as of December 31, 2023, utilizes a combination of diverse boutique perspectives and a focus on sustainable relationships. This ensures robust and specialized management of the Fund. The strategic collaboration with CBRE Investment Management enriches the Fund's investment approach through extensive data, market insights, and investment sourcing capabilities.
CBRE Investment Management operates in over 30 offices globally, across 20 countries, emphasizing an investor-operator culture to deliver sustainable investment solutions. This extensive network supports the Fund's goal of providing attractive income and total return opportunities through investments in global infrastructure assets.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a webinar scheduled for April 25, 2023, at 4:00 PM ET with its portfolio management team. This session aims to provide an update on the portfolio and the market outlook for the coming year. Participants can submit questions to the management team in advance. The announcement emphasizes the Fund's commitment to transparency and investor engagement.
It is important to note that there are no guarantees regarding the Fund's future monthly distributions or their amounts. The Fund is a closed-end entity primarily investing in income-generating equity securities from infrastructure companies. Investors should understand that there are inherent risks, including potential losses, and the Fund's past performance does not guarantee future results.
The MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has declared its monthly distribution of
As of April 30, 2023, the current distribution is sourced primarily from net investment income, accounting for 68% of the total, while cumulative distributions for the fiscal year to date total
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per common share for March 2023, reflecting an annualized distribution rate of 6.5% based on the IPO price of $20.00. The ex-dividend date is March 23, 2023, with a record date of March 24, 2023, and payable on March 31, 2023. For this distribution, 75% comes from net investment income, 3% from net realized short-term capital gains, and 22% from net realized long-term capital gains. The fund's annualized total return is -7.34% as of February 28, 2023.
The MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per common share for February 2023, equating to an annualized distribution rate of 6.5% based on its IPO price of $20.00. The ex-dividend date is set for February 23, 2023, with a record date of February 24, 2023 and payable date on February 28, 2023. The distribution sources include 87% from net investment income and 3% from net realized short-term capital gains. As of January 31, 2023, the fund reported an annualized total return of -2.85% since inception.
The MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced its monthly distribution of $0.1083 per common share for January 2023, reflecting an annualized rate of 6.5% based on the initial public offering price of $20.00 per share. The ex-dividend date is set for January 20, 2023, with the record date on January 23, 2023 and payments made on January 31, 2023. Estimated sources of the current distribution include $0.1043 from net investment income and $0.0018 from realized short-term capital gains. The Fund's performance data shows an annualized total return of -9.36% since inception.
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