MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on May 29th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Friday, March 13th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.125 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date is Friday, May 22nd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 1.7%

NYSE MEGI opened at $15.09 on Wednesday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 12 month low of $13.42 and a 12 month high of $15.89. The company’s fifty day moving average price is $14.97 and its two-hundred day moving average price is $14.48.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) is a closed-end term fund that seeks to deliver total return through a combination of income and capital appreciation by investing primarily in global infrastructure securities. The fund targets companies involved in the development, ownership, or operation of transportation networks, energy and utility systems, digital infrastructure and related megatrends. By focusing on essential assets that underpin long-term economic growth, MEGI aims to generate a stable income stream while capturing opportunities for capital gains.

Launched in 2021, MEGI employs a thematic investment approach managed by CBRE Clarion Securities’ dedicated infrastructure equity team.