NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) announced a monthly dividend on Monday, September 14th. Investors of record on Monday, October 26th will be paid a dividend of 0.125 per share on Friday, October 30th. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend is Monday, October 26th.
NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance
Shares of NYLI CBRE Global Infrastructure Megatrends Term Fund stock opened at $14.22 on Tuesday. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $13.42 and a 1 year high of $15.89. The company’s fifty day moving average is $15.10 and its two-hundred day moving average is $15.10.
Hedge Funds Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in MEGI. Chapin Davis Inc. increased its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 5.5% in the 2nd quarter. Chapin Davis Inc. now owns 74,378 shares of the company’s stock valued at $1,131,000 after acquiring an additional 3,854 shares during the period. Focus Financial Network Inc. raised its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 9.3% during the 2nd quarter. Focus Financial Network Inc. now owns 28,863 shares of the company’s stock valued at $439,000 after acquiring an additional 2,459 shares during the last quarter. Bank of America Corp DE raised its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 7.5% during the 1st quarter. Bank of America Corp DE now owns 759,148 shares of the company’s stock valued at $11,152,000 after acquiring an additional 53,185 shares during the last quarter. FCA Corp TX lifted its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 6.9% during the 1st quarter. FCA Corp TX now owns 99,337 shares of the company’s stock worth $1,459,000 after acquiring an additional 6,444 shares during the period. Finally, Quantedge Capital Pte Ltd acquired a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth approximately $272,000.
About NYLI CBRE Global Infrastructure Megatrends Term Fund
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.
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