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Overview of NYLI CBRE Global Infras Megatrends Term Fund (MEGI)
NYLI CBRE Global Infras Megatrends Term Fund, trading under the symbol MEGI on the New York Stock Exchange, is a non-diversified, closed-end management investment company that focuses on income-producing equity securities issued by infrastructure companies. At its core, the Fund invests in a spectrum of equity securities including common and preferred stocks as well as convertible instruments, positioning itself to benefit from robust trends in the infrastructure sector.
Core Investment Focus and Strategy
The Fund is strategically aligned with three key megatrends: decarbonization, digital transformation, and asset modernization. It leverages emerging opportunities within these trends to invest in companies that play a critical role in modernizing global infrastructure. This targeted focus allows the Fund to selectively invest in businesses that are crucial to addressing contemporary challenges in energy, technology, and the modernization of physical assets.
Business Model and Income Distribution
Operating as a closed-end fund, MEGI is designed to provide its investors with a high level of total return accompanied by an emphasis on current income. The Fund achieves this by investing in diversified income-producing securities, where the returns are derived not only from traditional dividends but also from strategic capital gains. Monthly distributions are a hallmark of its operational model, offering investors a regular income stream that is derived from the Fund’s net investment income and realized capital gains.
Market Position and Industry Environment
MEGI operates within the dynamic environment of global infrastructure investments, a sector that is central to both economic development and technological advancement. Its investment decisions are informed by deep research into industry trends and market dynamics, ensuring that the portfolio remains aligned with sectors poised for sustainable value creation. The Fund’s focus on infrastructure megatrends, integrated with sophisticated asset management practices, sets it apart from more diversified funds, as it allows investors to gain exposure to a specific yet globally significant segment of the market.
Investment Approach and Risk Considerations
The Fund employs a strategy that emphasizes both income generation and capital preservation. By investing predominantly in income-producing equity securities, it aims to deliver consistent distributions while mitigating risks associated with market volatility. Investors should note that like any investment, MEGI is subject to market risks and fluctuations in net asset value. The strategic emphasis on infrastructure ensures that while the Fund targets steady income, it also navigates the challenges inherent in capital markets without exposing investors to speculative risks.
Sector Expertise and Analytical Rigor
The Fund is managed by professionals with deep expertise in infrastructure investments, employing an analytical approach that ensures each investment is rigorously evaluated against macroeconomic trends and sector-specific drivers. This level of detailed scrutiny and the application of industry-specific insights reflect the Fund’s commitment to delivering an informed and nuanced investment strategy that prioritizes both performance and risk mitigation.
Key Highlights
- Targeted Megatrend Focus: Invests in companies aligned with decarbonization, digital transformation, and asset modernization.
- Regular Income Distribution: Structures investments to support monthly income distributions, appealing to income-focused investors.
- Non-Diversified Approach: Utilizes a closed-end investment model for a concentrated, focused strategy in the global infrastructure space.
- Expert Management: Leverages deep industry expertise and sophisticated analytical processes to assess investment opportunities.
Conclusion
NYLI CBRE Global Infras Megatrends Term Fund stands as a specialized investment vehicle within the broader infrastructure sector. With an emphasis on key global megatrends and a commitment to generating consistent income distributions, the Fund offers a focused approach to accessing income-producing equities in a complex market environment. Its clear investment strategy, underpinned by industry expertise and a disciplined approach to risk, makes it a noteworthy option for those seeking to gain exposure to the evolving world of global infrastructure investments.
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.
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.
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