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

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, September 14th. Shareholders of record on Monday, November 23rd will be paid a dividend of 0.125 per share on Monday, November 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, November 23rd.

NYLI CBRE Global Infrastructure Megatrends Term Fund Stock Performance

Shares of MEGI opened at $14.22 on Tuesday. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $13.42 and a 12-month high of $15.89. The company has a 50-day moving average of $15.10 and a two-hundred day moving average of $15.10.

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

Several hedge funds have recently bought and sold shares of the stock. International Assets Investment Management LLC acquired a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth $37,000. Tactive Advisors LLC purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the first quarter valued at $199,000. Kestra Advisory Services LLC acquired a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at $226,000. Global Retirement Partners LLC acquired a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the fourth quarter valued at $239,000. Finally, Accredited Investor Services LLC increased its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% during the 4th quarter. Accredited Investor Services LLC now owns 18,376 shares of the company’s stock worth $253,000 after purchasing an additional 2,028 shares in the last quarter.

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.