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NYLI CBRE Global Infrastructure Megatrends Term Fund reports recurring fund developments tied to its NYSE-listed closed-end structure, including monthly distribution declarations, Section 19(a) notices, net asset value updates and distribution-source information. The non-diversified closed-end management investment company seeks total return with an emphasis on current income and focuses on infrastructure themes including decarbonization, digital transformation and asset modernization.
MEGI news also includes shareholder governance matters, such as annual meeting voting results, board-related proposals and other fund-level actions that affect its closed-end fund governance and capital-distribution profile.
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.
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.