NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI – Get Free Report) announced a monthly dividend on Monday, September 14th. Stockholders of record on Monday, October 26th will be given a dividend of 0.125 per share on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Monday, October 26th.
NYLI CBRE Global Infrastructure Megatrends Term Fund Price Performance
Shares of MEGI opened at $14.22 on Tuesday. NYLI CBRE Global Infrastructure Megatrends Term Fund has a 1-year low of $13.42 and a 1-year high of $15.89. The firm has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $15.10.
Hedge Funds Weigh In On NYLI CBRE Global Infrastructure Megatrends Term Fund
A number of institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter worth $37,000. Tactive Advisors LLC acquired a new position in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter valued at about $199,000. Kestra Advisory Services LLC purchased a new stake in shares of NYLI CBRE Global Infrastructure Megatrends Term Fund during the 1st quarter worth about $226,000. Global Retirement Partners LLC acquired a new stake in NYLI CBRE Global Infrastructure Megatrends Term Fund during the 4th quarter worth approximately $239,000. Finally, Accredited Investor Services LLC increased its position in NYLI CBRE Global Infrastructure Megatrends Term Fund by 12.4% during 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.
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