NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.12 on August 31st

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Friday, June 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.125 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 9.9%. The ex-dividend date of this dividend is Monday, August 24th.

NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance

NYLI CBRE Global Infrastructure Megatrends Term Fund stock opened at $15.10 on Friday. NYLI CBRE Global Infrastructure Megatrends Term Fund has a fifty-two week low of $13.42 and a fifty-two week high of $15.89. The firm’s 50 day simple moving average is $15.26 and its 200-day simple moving average is $15.12.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of MEGI. International Assets Investment Management LLC acquired a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at $37,000. Cetera Investment Advisers acquired a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter worth $147,000. &PARTNERS bought a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter valued at about $157,000. Geneos Wealth Management Inc. boosted its holdings in NYLI CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the second quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock valued at $167,000 after acquiring an additional 9,709 shares during the period. Finally, Tactive Advisors LLC acquired a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at about $199,000.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

NYLI 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.