MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Plans $0.12 Monthly Dividend

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, June 12th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of 0.125 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Tuesday, June 23rd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI opened at $15.11 on Friday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $13.42 and a 1-year high of $15.89. The business’s 50 day moving average is $15.18 and its 200-day moving average is $14.66.

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.