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

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Friday, June 12th. Investors of record on Friday, July 24th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 9.7%. The ex-dividend date of this dividend is Friday, July 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of NYSE:MEGI opened at $15.47 on Wednesday. The business’s 50 day moving average is $15.23 and its 200 day moving average is $14.92. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $13.42 and a 52-week high of $15.89.

Hedge Funds Weigh In On MainStay CBRE Global Infrastructure Megatrends Term Fund

Institutional investors have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter valued at about $37,000. Cetera Investment Advisers bought a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund during the second quarter valued at approximately $147,000. &PARTNERS purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter valued at approximately $157,000. Geneos Wealth Management Inc. increased its holdings in MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% during the second quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock valued at $167,000 after buying an additional 9,709 shares during the period. Finally, Park Avenue Securities LLC raised its stake in MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% in the fourth quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock worth $172,000 after buying an additional 884 shares in the last quarter.

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.