MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Issue Monthly Dividend of $0.13 on December 31st

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Friday, December 12th. Investors of record on Monday, December 22nd will be given a dividend of 0.125 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Monday, December 22nd.

MainStay CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI stock opened at $13.62 on Friday. The company’s fifty day simple moving average is $14.13 and its two-hundred day simple moving average is $14.27. MainStay CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $11.40 and a 1 year high of $15.05.

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.