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

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) declared a monthly dividend on Monday, September 14th. Stockholders of record on Monday, November 23rd will be given a dividend of 0.125 per share on Monday, November 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Monday, November 23rd.

NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI opened at $14.22 on Tuesday. The company’s 50 day simple moving average is $15.10 and its 200 day simple moving average is $15.10. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1 year low of $13.42 and a 1 year high of $15.89.

NYLI CBRE Global Infrastructure Megatrends Term Fund Company Profile

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.