NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) to Distribute Monthly Dividend of $0.12 on August 31st

NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) announced a monthly dividend on Friday, June 12th. Investors of record on Monday, August 24th will be paid a dividend of 0.125 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 9.9%. The ex-dividend date is Monday, August 24th.

NYLI CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.1%

MEGI stock traded up $0.01 during midday trading on Friday, reaching $15.10. The stock had a trading volume of 111,572 shares, compared to its average volume of 163,999. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 52-week low of $13.42 and a 52-week high of $15.89. The company’s fifty day simple moving average is $15.26 and its 200 day simple moving average is $15.12.

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.