MainStay CBRE Global Infrastructure Megatrends Fund

CBRE Group

NEW YORK , April 12, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for April 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.35% based upon the closing price of $12.15 on April 10, 2024, and 10.90% based upon the Fund's closing NAV of $13.76 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for April 2024 and Availability of 19(a) Notice

Voya Infrastructure. Industrials and Materials Fund

Comparison of MainStay CBRE Global Infrastructure Megatrends Term Fund and Voya Infrastructure, Industrials & Materials Fund. MEGI focuses on decarbonization, digital transformation, and asset modernization, while IDE invests in infrastructure, industrials, and materials sectors. IDE has outperformed MEGI in recent periods, but both funds have trailed the S&P 500.

MEGI Vs. IDE: Discounted Infrastructure Funds Yielding 9-12%

NEW YORK , March 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for March 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.87% based upon the closing price of $12.64 on March 12, 2024, and 10.45% based upon the Fund's closing NAV of $14.35 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for March 2024 and Availability of 19(a) Notice

NEW YORK , Feb. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for February 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.29% based upon the closing price of $12.21 on February 12, 2024, and 10.65% based upon the Fund's closing NAV of $14.09 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2024 and Availability of 19(a) Notice

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Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.

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NEW YORK , Jan. 16, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.06% based upon the closing price of $13.56 on January 11, 2024, and 9.75% based upon the Fund's closing NAV of $15.38 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2024 and Availability of 19(a) Notice

MainStay CBRE Global Infrastructure Megatrends Term Fund continues to trade at a deep discount despite an increased distribution earlier this year, making it an interesting consideration. The fund is unique in its approach to investing in a broad range of infrastructure with a "megatrends" thematic-based portfolio. Saba Capital Management's increased ownership recently crossed over the 10% mark, and that could be an additional catalyst in the future.

MEGI: Megatrends Infrastructure Looking Attractive With A Deep Discount

NEW YORK , Dec. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.80% based upon the closing price of $12.71 on December 12, 2023, and 10.07% based upon the Fund's closing NAV of $14.90 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2023 and Availability of 19(a) Notice

Infrastructure is a resilient overlay to portfolios in times of market volatility and inflation. Infrastructure investments offer durable, cash-producing assets with low sensitivity to business cycle extremes. The MainStay CBRE Global Infrastructure Megatrends Term Fund offers a high dividend yield and can be a competent income vehicle.

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NEW YORK , Nov. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.88% based upon the closing price of $11.65 on November 10, 2023, and 10.96% based upon the Fund's closing NAV of $13.68 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2023 and Availability of 19(a) Notice

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In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

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NEW YORK , Oct. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for October 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 13.16% based upon the closing price of $11.40 on October 11, 2023, and 11.00% based upon the Fund's closing NAV of $13.64 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for October 2023 and Availability of 19(a) Notice

NEW YORK , Sept. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for September 2023 of $0.1250 per common share.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2023 and Availability of 19(a) Notice

Factors reshaping the demand for infrastructure assets. MEGI's unique approach and potential opportunities presented by the fund. CBRE Investment Management Lead Product Strategist, David Leggette discusses the infrastructure sector, MEGI and the current market.

MEGI's Income Opportunities In Infrastructure Megatrends

NEW YORK , Aug. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for August 2023 of $0.1250 per common share. This reflects the 15% increase in the Fund's regular monthly distribution rate as announced by the Fund on July 26 th.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Increased Monthly Distribution for August 2023 and Availability of 19(a) Notice

The utility sector has been underperforming in 2023 due to the rising interest rate environment, but that doesn't mean they aren't attractive or can't perform well going forward. The abrdn Global Infrastructure Income Fund and MainStay CBRE Global Infrastructure Megatrends Term Fund are trading at deep discounts, making them potential opportunities. ASGI operates without leverage and may be a safer choice, while MEGI utilizes leverage; both funds pay reasonable distribution rates currently.

ASGI And MEGI: Deeply Discounted Infrastructure Funds

NEW YORK, July 26, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) announces a 15% increase in the regular monthly distribution rate, to $0.125/share ($1.50/share annualized) from $0.1083/share ($1.30/share annualized) effective August 31, 2023. Key dates as well as the details pertaining to the sources of the distribution will be disclosed in the Fund's regular monthly distribution announcement on or about August 14 th, 2023.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Announces a 15% Increase to the Distribution Rate and Webinar with Portfolio Management on August 9th, 2023

NEW YORK , July 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for July 2023 of $0.1083 per common share. The Fund's current annualized distribution rate is 9.35% based upon the closing price of $13.90 on July 12, 2023, and 7.86% based upon the Fund's closing NAV of $16.53 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for July 2023 and Availability of 19(a) Notice

The MainStay CBRE Global Infrastructure Megatrends Term Fund offers a 9.6% forward yield and trades at a 16% discount to NAV, but has shown subpar performance since inception. MEGI focuses on investment megatrends of Decarbonization, Digital Transformation, and Asset Modernization, but the classification of some holdings is questionable. Despite the high yield and discounted portfolio, I recommend staying on the sidelines until the fund show signs of reversing its underperformance.

MEGI: Discounted Infrastructure Portfolio Yielding 9.6%

NEW YORK , June 20, 2023 /PRNewswire/ -- New York Life Investments today announced a name change for MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) to MainStay CBRE Global Infrastructure Megatrends Term Fund. This name change is being made to better align the Fund's name with its existing limited term structure, and to increase awareness to the fact that there will be a liquidity event at net asset value for shareholders, either at the Termination Date (as indicated below) or in connection with an Eligible Tender Offer (as discussed below).

New York Life Investments Announces Name Change for the MainStay CBRE Global Infrastructure Megatrends Fund

NEW YORK , June 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2023 of $0.1083 per common share. The Fund's current annualized distribution rate is 9.39% based upon the closing price of $13.84 on June 12, 2023, and 7.86% based upon the Fund's closing NAV of $16.54 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for June 2023 and Availability of 19(a) Notice

MainStay MacKay DefinedTerm Municipal Opportunities Fund

NEW YORK , June 7, 2023 /PRNewswire/ -- New York Life Investments today announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Funds") as a Class III Trustee. Mr. Abou-Jaoudé was recently announced as the new Chief Executive Officer of New York Life Investment Management LLC (NYLIM), and previously served as the Chairman and Chief Executive Officer of Candriam since 2007.

MainStay MacKay DefinedTerm Municipal Opportunities Fund and MainStay CBRE Global Infrastructure Megatrends Fund Announce Naïm Abou-Jaoudé Joins the Board of Trustees

NEW YORK , May 12, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2023 of $0.1083 per common share. The Fund's current annualized distribution rates is 9.04% based upon the closing price of $14.37 on May 10, 2023, and 7.47% based on the Fund's closing NAV of $17.39 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for May 2023 and Availability of 19(a) Notice

MEGI continues to trade at a wide discount but seems to be finding a bottom in this general region. Since the launch, the underlying portfolio has performed relatively well compared to similar funds.

News for MainStay CBRE Global Infrastructure Megatrends Fund ETF (MEGI)