NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) To Go Ex-Dividend on September 24th

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 paid a dividend of 0.125 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend is Thursday, September 24th.

NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance

Shares of MEGI stock opened at $14.08 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 firm has a 50-day moving average price of $14.98 and a 200 day moving average price of $15.04.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE grew its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 7.5% during the 1st quarter. Bank of America Corp DE now owns 759,148 shares of the company’s stock worth $11,152,000 after acquiring an additional 53,185 shares during the last quarter. Sit Investment Associates Inc. bought a new position in NYLI CBRE Global Infrastructure Megatrends Term Fund in the 4th quarter valued at $9,998,000. Absolute Investment Advisers LLC boosted its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 24.3% in the first quarter. Absolute Investment Advisers LLC now owns 411,549 shares of the company’s stock worth $6,046,000 after purchasing an additional 80,361 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in NYLI CBRE Global Infrastructure Megatrends Term Fund by 0.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 341,768 shares of the company’s stock worth $4,703,000 after purchasing an additional 2,268 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the first quarter worth $4,034,000.

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.