Welcome to our dedicated page for NYLI CBRE Global Infras Megatrends Term news (Ticker: MEGI), a resource for investors and traders seeking the latest updates and insights on NYLI CBRE Global Infras Megatrends Term stock.
NYLI CBRE Global Infras Megatrends Term Fund (MEGI) provides investors with strategic exposure to infrastructure companies driving decarbonization, digital transformation, and asset modernization. This page serves as the definitive source for official updates and analysis on the closed-end fund's activities.
Key updates include earnings reports, portfolio adjustments, and strategic initiatives tied to its three core megatrends. Investors gain access to timely information about capital allocations, distribution announcements, and management commentary essential for monitoring this infrastructure-focused investment vehicle.
Content highlights encompass regulatory filings, dividend declarations, and sector-specific developments impacting MEGI's holdings. All materials are curated to support informed analysis of the fund's performance within evolving global infrastructure markets.
Bookmark this page for streamlined access to MEGI's latest developments. Check regularly for updates reflecting the fund's position in energy transition projects, digital infrastructure expansions, and modernization initiatives across transportation and utilities sectors.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared a monthly distribution of $0.1250 per common share for September 2024. The Fund's current annualized distribution rate is 10.43% based on the closing price of $14.38 on September 12, 2024, and 9.41% based on the NAV of $15.94. The distribution is payable on September 30, 2024, to shareholders of record on September 26, 2024.
The Fund's distribution sources for the current month are: 72% from net investment income, 19% from net realized short-term capital gains, and 9% from net realized long-term capital gains. The Fund's average annual total return since inception (10/27/2021) through 8/31/2024 is -0.76%, while the cumulative total return for the current fiscal period (6/1/2024 - 8/31/2024) is 6.80%.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) announced its August 2024 monthly distribution of $0.1250 per common share, reflecting a current annualized distribution rate of 11.30% based on the closing price of $13.27 as of August 13, 2024. The distribution rate based on the Fund's NAV of $14.87 is 10.09%. Important dates include the ex-dividend date (August 26, 2024), record date (August 26, 2024), and payable date (August 30, 2024).
The distribution sources are estimated as follows: net investment income (89%), net realized short-term capital gains (4%), and net realized long-term capital gains (7%). The Fund's average annual total return as of July 31, 2024, is -2.47% in relation to NAV. Cumulative total return for the fiscal period ending July 31, 2024, is 1.87%.
The Board of Trustees reviews distributions quarterly, aiming to align them with net investment income and realized gains. Future earnings and distribution rates are not guaranteed.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has announced its monthly distribution for July 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.39% based on the closing price of $13.17 on July 11, 2024, and 10.11% based on the NAV of $14.83. The ex-dividend date, record date, and payable date are all set for July 25, 2024, with payment on July 31, 2024.
The Fund's distribution is derived entirely from net investment income. As of June 30, 2024, the Fund reported an average annual total return of -5.10% since inception, and a cumulative total return of 5.11% for the current fiscal period. The Fund's Board of Trustees reviews the distribution quarterly, aiming to distribute an amount closely approximating the Fund's net investment income and net realized capital gains during the year.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has scheduled a portfolio manager update webinar for Thursday, July 18, 2024, at 4:00 PM ET. The session will feature insights from Jeremy Anagnos, Principal and CIO, and David Leggette, Lead Product Strategist.
Participants can register online and submit questions in advance. The Fund, a closed-end entity traded on the NYSE, focuses on income-producing equity securities from infrastructure companies. Key risks include new fund risk, no operating history, and market discount risk. Investors are advised to review the Fund’s detailed prospectus for a comprehensive understanding of associated risks and investment objectives.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) has declared a monthly distribution of $0.1250 per common share for June 2024, with an annualized distribution rate of 11.79% based on a closing price of $12.72, and 10.32% based on a closing NAV of $14.54. The ex-dividend and record dates are June 25, 2024, with the payable date being June 28, 2024. The distribution for June is sourced entirely from net investment income. As of May 31, 2024, the Fund's average annual total return is –3.32%, with a cumulative total return of 2.74% for the fiscal year. The Board of Trustees reviews distributions quarterly, aiming to match net investment income and realized capital gains. Future earnings and distribution rates are not guaranteed and may change based on the Fund's performance and tax regulations.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) announced a monthly distribution of $0.1250 per common share for May 2024. The annualized distribution rate is 11.38% based on the closing price of $13.18 on May 10, 2024, and 9.91% based on the closing NAV of $15.13.
The distribution is set by the Fund's Board and reviewed quarterly to align with net investment income and realized gains. For May, the entire distribution is a return of capital. The Fund's fiscal year-to-date cumulative distributions include 60% net investment income, 2% short-term capital gains, 12% long-term capital gains, and 26% return of capital.
Performance data as of 4/30/2024 shows a -6.50% average annual total return and a -5.27% cumulative total return. The Fund's current annualized distribution rate is 10.78% of the month-end NAV. Past performance does not guarantee future results, and returns of capital are included in distributions.
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