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 scheduled a webinar for January 18, 2023, at 4:00 PM ET, where the portfolio management team will discuss updates and outlook for the fund. Investors can submit questions via email until January 17, 2023, at 12:00 PM ET. The fund, which is a closed-end fund investing in income-producing equity securities from infrastructure companies, aims to distribute its net investment income to shareholders, although no regular distributions are guaranteed.
The MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per share for December 2022, representing an annualized rate of 6.5% based on the initial IPO price of $20.00. Key dates include the ex-dividend date on December 23, record date on December 27, and payable date on December 30. The Fund's distributions are subject to change based on its investment experience and will be reported for tax purposes via Form 1099-DIV. A detailed source breakdown of the distribution includes net investment income and short-term capital gains.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced its monthly distribution of $0.1083 per common share for November 2022, reflecting an annualized rate of 6.5% based on the $20.00 IPO price. The ex-dividend date is set for November 23, 2022, with a record date of November 25, 2022, and payable date of November 30, 2022. The Fund's board reviews distributions quarterly based on net investment income and capital gains. The Fund's performance since inception shows a cumulative total return of -18.09%.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced its monthly distribution of $0.1083 per common share for October 2022, translating to an annualized rate of 6.5% based on an IPO price of $20.00. Notable dates include the ex-dividend date on October 21, 2022, record date on October 24, 2022, and payable date on October 31, 2022. The fund’s distribution reflects net investment income and gains, but future earnings and distributions are not guaranteed. Shareholders should note potential tax implications of these distributions.
New York Life Investments has announced the departure of Yie-Hsin Hung from the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI). Effective October 14, 2022, Hung's resignation follows her prior announcement of stepping down as CEO of New York Life Investment Management. The Boards of both funds will now consist of six members each. For details on risks and expenses, visit the respective fund websites provided.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) will host a conference call on October 20, 2022, at 4:00 PM ET, to discuss portfolio updates and market outlook. Questions for the management team can be submitted via email until October 19, 2022. The Fund plans to distribute monthly net investment income, but there is no guarantee of continuing distributions. It is a closed-end fund investing primarily in infrastructure-related equity securities. Investors must be aware of various inherent risks.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per common share for September 2022, reflecting an annualized distribution rate of 6.5% based on a $20.00 IPO price. The ex-dividend date is September 23, 2022, with a record date of September 26, 2022 and a payable date of September 30, 2022. The distribution is subject to change based on the Fund's investment performance and is estimated for tax reporting.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has declared a monthly distribution of $0.1083 per common share for August 2022, reflecting a 6.5% annualized distribution rate based on a $20.00 IPO price. Key dates include the ex-dividend date of August 19, 2022, record date on August 22, 2022, and payment date on August 31, 2022. Sources of this distribution primarily include $0.1014 from net investment income (94%) and $0.0054 from short-term capital gains (5%). The Fund's performance remains subject to market fluctuations and future distributions are not guaranteed.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per common share for July 2022, reflecting a 6.5% annualized distribution rate based on the $20.00 IPO price. The ex-dividend date is set for July 22, 2022, with a record date of July 25, 2022, and payable date on July 29, 2022. The distribution is primarily sourced from net investment income, accounting for 91% of the distribution. The Fund has a negative total return of -4.77% since inception, indicating performance challenges.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) will hold a conference call on July 20, 2022, at 4:00 PM ET to discuss portfolio updates and the outlook for the year. Questions for the management team can be submitted by July 18, 2022, at 8:00 PM ET. The Fund also aims to distribute its net investment income to shareholders, but there is no guarantee of regular distributions. Investors are advised to consider inherent risks before investing, including market and operational risks. More details can be found on New York Life Investments website.
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