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 Friday, July 24th will be paid a dividend of 0.125 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Friday, July 24th.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Down 0.2%

MEGI opened at $15.47 on Wednesday. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $13.42 and a 1-year high of $15.89. The firm’s 50 day simple moving average is $15.23 and its two-hundred day simple moving average is $14.92.

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.