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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.
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.
MainStay CBRE Global Infrastructure Megatrends Closed-End Fund (NYSE: MEGI) has declared a monthly distribution of $0.1083 per share, set for payment on June 15, 2022. The distribution sources include 93% from net investment income and 6% from net realized short-term capital gains, with minimal contributions from long-term gains or return of capital. Cumulative distributions for the fiscal year amount to $0.6498. The Fund's managed distribution policy aims to provide consistent distributions; however, future distributions are not guaranteed.
MainStay CBRE Global Infrastructure Megatrends Closed-End Fund (NYSE: MEGI) has announced a monthly distribution of $0.1083 per share for shareholders of record as of May 16, 2022. The distribution sources include $0.0969 (89%) from net investment income, $0.0107 (10%) from net realized short-term gains, and $0.0007 (1%) from net realized long-term gains. The fund follows a managed distribution policy aiming for consistent monthly payments, though it is not guaranteed. Total cumulative distributions for this fiscal year amount to $0.5415.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) will hold a conference call with the CBRE Investment Management portfolio management team on April 27, 2022, at 4:00 PM ET. The call will provide updates on the portfolio and future outlook. Questions can be submitted via email until April 25, 2022, at 8:00 PM ET. The details, including the Zoom link and dial-in information, will be available on the New York Life Investments website. New York Life Investments manages over $700 billion in assets as of December 31, 2021.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share for shareholders as of April 14, 2022. The distribution sources include 92% from net investment income and 7% from net realized short-term capital gains. The fund aims to provide consistent distributions under its managed distribution policy, although there is no guarantee of future payments. As of March 31, 2022, the average annual total return was 6.02%, and the annualized current distribution rate was 6.23%.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share for April, May, and June 2022, marking an annualized rate of 6.5% based on a $20.00 IPO price. The distribution schedule reveals critical dates for ex-dividend, record, and payable dates for each month. The press release emphasizes that these distributions are estimates and stresses the inherent risks of investing in the fund, including new fund risk and infrastructure industry risk. For more information, shareholders can access the fund's website.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share for shareholders as of the record date March 15, 2022. The distribution primarily comes from net investment income (96%) and net realized short-term capital gains (4%). For the fiscal year to date, the cumulative distribution per share is $0.3249, representing a total return of 2.29% in relation to net asset value (NAV). The Fund employs a managed distribution policy to provide consistent monthly distributions, subject to Board review.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share to shareholders recorded as of February 15, 2022. The distribution comprises:
- Net Investment Income: $0.1037 (96%)
- Net Realized Short-Term Capital Gains: $0.0044 (4%)
- Net Realized Long-Term Capital Gains: $0.0002 (0%)
- Return of Capital: $0
The Fund targets a sustainable monthly distribution per its managed distribution policy, although no guarantee is made about future distributions.
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