MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on February 27th

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, December 12th. Investors of record on Monday, February 23rd will be paid a dividend of 0.125 per share on Friday, February 27th. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date is Monday, February 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Stock Up 1.5%

Shares of NYSE MEGI opened at $15.46 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $11.40 and a 1-year high of $15.49. The business has a 50-day moving average of $14.13 and a 200-day moving average of $14.27.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

Several large investors have recently bought and sold shares of MEGI. Mather Group LLC. acquired a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the third quarter worth $73,000. Cetera Investment Advisers acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter worth $147,000. Dymon Asia Capital Singapore PTE. LTD. purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter valued at about $148,000. &PARTNERS acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter valued at about $157,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the third quarter worth about $171,000.

About MainStay CBRE Global Infrastructure Megatrends Term Fund

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.