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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) 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.
MainStay CBRE Global Infrastructure Megatrends Closed-End Fund (NYSE: MEGI) announced a monthly distribution of $0.1083 per share to shareholders as of January 14, 2022. This distribution is derived primarily from net investment income ($0.1033 or 96%) and net realized short-term capital gains ($0.0046 or 4%), with no contributions from long-term capital gains or return of capital. The Fund follows a managed distribution policy and aims to provide consistent monthly distributions based on its income and gains, with reviews conducted quarterly by its Board of Trustees.
New York Life Investments appointed Karen Hammond as a Class II Trustee for the MainStay MacKay DefinedTerm Municipal Opportunities Fund (MMD) and MainStay CBRE Global Infrastructure Megatrends Fund (MEGI), effective December 31, 2021. Hammond replaces Richard H. Nolan, Jr., who has retired after serving as a Trustee since 2006. Hammond brings over 30 years of investment management experience, having previously worked with Fidelity Investments, where she held senior roles. The board for each fund remains at seven, with six independent trustees.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) published its complete holdings as of November 30, 2021. The Fund's portfolio characteristics, including top 10 holdings as of December 17, 2021, are available on its website. Fully invested following its IPO, the Fund demonstrates a commitment to providing shareholders with comprehensive investment insights. New York Life Investments, managing over $650 billion in assets, and CBRE Investment Management, with $133.1 billion in assets, back the Fund, reinforcing its credibility in the infrastructure investment sector.
MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) has announced its initial monthly dividend of $0.1083 per share, with a 6.5% annualized distribution rate based on the IPO price of $20.00. The dividends will be distributed monthly starting January 31, 2022, with subsequent distributions in February and March 2022. The Fund, focused on income-producing equities in infrastructure, emphasizes that future earnings are not guaranteed, and its distribution policy is subject to change. Investors are advised to consider the inherent risks before investing.