MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund

13.39 USD
-0.14
1.03%
At close Apr 3, 4:00 PM EDT
1 day
-1.03%
5 days
0.75%
1 month
6.69%
3 months
5.77%
6 months
-9.40%
Year to date
6.10%
1 year
9.48%
5 years
-33.05%
10 years
-33.05%
 

About: MainStay CBRE Global Infrastructure Megatrends Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to seek a high level of total return with an emphasis on current income. It invests predominantly in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities, and rights or warrants to buy common stocks. The company intends to focus on three infrastructure megatrends: decarbonization, digital transformation, and asset modernization while making its investments.

0
Funds holding %
of 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

300% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 4

142% more repeat investments, than reductions

Existing positions increased: 29 | Existing positions reduced: 12

14% more funds holding

Funds holding: 58 [Q3] → 66 (+8) [Q4]

3.82% more ownership

Funds ownership: 34.54% [Q3] → 38.37% (+3.82%) [Q4]

9% less capital invested

Capital invested by funds: $268M [Q3] → $243M (-$24.9M) [Q4]

100% less funds holding in top 10

Funds holding in top 10: 1 [Q3] → 0 (-1) [Q4]

Research analyst outlook

We haven’t received any recent analyst ratings for MEGI.

Financial journalist opinion

Based on 3 articles about MEGI published over the past 30 days

Positive
Seeking Alpha
2 days ago
CEF Insights: AI, Energy And Impact On Infrastructure Investing
As global energy demand continues to surge, infrastructure investment maintains a critical role in meeting the needs of tomorrow. Gain updates on the current market, outlook, and potential opportunity for income-focused investors. Hear from CBRE Investment Management Chief Investment Officer Jeremy Anagnos.
CEF Insights: AI, Energy And Impact On Infrastructure Investing
Positive
Seeking Alpha
1 week ago
MEGI: Global Infrastructure Exposure With A Double-Digit Yield
MEGI offers a compelling value proposition with a starting dividend yield of 11.3% and monthly distributions, making it attractive for income-focused investors. The fund focuses on global infrastructure investments, emphasizing decarbonization, digital transformation, and modernization, and trades at a significant discount to its net asset value. Despite launching during a period of rising interest rates, MEGI has shown resilience, and future rate cuts could serve as a catalyst for growth.
MEGI: Global Infrastructure Exposure With A Double-Digit Yield
Neutral
Business Wire
3 weeks ago
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distributions for March, April and May 2025 and Availability of 19(a) Notice
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today declared three distributions of $0.1250 per common share for the months of March, April and May 2025. The Fund's current annualized distribution rate is 11.75% based upon the closing price of $12.77 on March 12, 2025, and 10.45% based upon the Fund's closing NAV of $14.35 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date March 3-24-2025 3.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distributions for March, April and May 2025 and Availability of 19(a) Notice
Neutral
Business Wire
1 month ago
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2025 and Availability of 19(a) Notice
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for February 2025 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.00% based upon the closing price of $12.50 on February 11, 2025, and 10.81% based upon the Fund's closing NAV of $13.88 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date February 2-24-2025 2-24-20.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2025 and Availability of 19(a) Notice
Neutral
Business Wire
2 months ago
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2025 and Availability of 19(a) Notice
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2025 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.31% based upon the closing price of $12.19 on January 10, 2025, and 11.07% based upon the Fund's closing NAV of $13.55 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date January 1-27-2025 1-27-2025.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2025 and Availability of 19(a) Notice
Neutral
Seeking Alpha
2 months ago
MEGI: Deep Discount Returns With Market Volatility
MEGI: Deep Discount Returns With Market Volatility
MEGI: Deep Discount Returns With Market Volatility
Positive
Seeking Alpha
3 months ago
MEGI: The Market Expects A Cut, The Numbers Reinforce That Conclusion
The NYLI CBRE Global Infrastructure Megatrends Term offers a high yield, but it has still disappointed investors, with a 39.25% share price decline since inception. Infrastructure investments are crucial for modern society, providing stable cash flows and higher yields, but they are often overlooked due to lack of glamour and low ten-year returns. The fund's high 12.35% yield compared to peers suggests market skepticism about its sustainability, especially when combined with a huge discount.
MEGI: The Market Expects A Cut, The Numbers Reinforce That Conclusion
Neutral
Business Wire
3 months ago
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2024 and Availability of 19(a) Notice
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.30% based upon the closing price of $13.28 on December 11, 2024, and 10.16% based upon the Fund's closing NAV of $14.77 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date Record Date Payable Date December 12-23-2024 12-23-.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2024 and Availability of 19(a) Notice
Neutral
Business Wire
4 months ago
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2024 and Availability of 19(a) Notice
NEW YORK--(BUSINESS WIRE)--NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is The Fund's current annualized distribution rate is 11.14% based upon the closing price of $13.46 on November 12, 2024, and 10.11% based upon the Fund's closing NAV of $14.83 as of the same date. Dividend Distribution Schedule:   Ex-Dividend Date.
NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2024 and Availability of 19(a) Notice
Positive
Seeking Alpha
5 months ago
Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy
As a retired income investor, I focus on high-yield CEFs for reliable monthly distributions and potential capital gains from NAV discounts. Five CEFs to avoid currently: GOF, VVR, ARDC, WDI, IGR, due to high relative premiums or unfavorable market conditions. Recommended CEFs to buy/add: AOD, ASGI, JRI, MEGI, OPP, FSCO, offering high yields and potential for capital gains with favorable market conditions.
Eleven High-Yield Closed End Funds: Five To Watch And Six To Buy
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