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

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

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.1%

MEGI stock 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.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of large investors have recently bought and sold shares of MEGI. International Assets Investment Management LLC acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the first quarter worth $37,000. Cetera Investment Advisers acquired a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 2nd quarter valued at $147,000. &PARTNERS bought a new stake in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter worth about $157,000. Geneos Wealth Management Inc. grew its holdings in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 473.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 11,759 shares of the company’s stock worth $167,000 after purchasing an additional 9,709 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 12,519 shares of the company’s stock worth $172,000 after purchasing 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.