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

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Monday, September 14th. Investors of record on Thursday, September 24th will be given a dividend of 0.125 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date is Thursday, September 24th.

NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI opened at $14.22 on Tuesday. The business’s 50 day moving average is $15.10 and its 200 day moving average is $15.10. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 12-month low of $13.42 and a 12-month high of $15.89.

Institutional Investors Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund

Institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased 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 position in NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter valued at $199,000. Kestra Advisory Services LLC bought a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at $226,000. Global Retirement Partners LLC bought a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter valued at $239,000. Finally, Accredited Investor Services LLC lifted its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% in 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.

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.