Summary
12.56 -0.06(-0.48%)06/26/2024
MainStay CBRE Global Infrastructure Megatrends Fund (MEGI)
MainStay CBRE Global Infrastructure Megatrends Fund (MEGI)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -0.48 | 0.46 | -0.38 | 21.78 | -6.81 | -12.22 | -83.55 | 604.99 |
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| Trading Data | ||
| Close | 12.56 | |
| Open | 12.53 | |
| High | 12.60 | |
| Low | 12.48 | |
| Volume | 70,201 | |
| Change | -0.06 | |
| Change % | -0.48 | |
| Avg Volume (20 Days) | 189,692 | |
| Volume/Avg Volume (20 Days) Ratio | 0.37 | |
| 52 Week Range | 10.63 - 15.35 | |
| Price vs 52 Week High | -18.18% | |
| Price vs 52 Week Low | 18.16% | |
| Range | 0.38 | |
| Gap Up/Down | -0.24 | |
Fundamentals | ||
| Market Capitalization (Mln) | 657 | |
| EBIDTA | 0 | |
| PE Ratio | 0.0000 | |
| PEG Ratio | 0.0000 | |
| WallStreet Target Price | 0.00 | |
| Book Value | 0.0000 | |
| Earnings Per Share | 0.0000 | |
| EPS Estimate Current Quarter | 0.0000 | |
| EPS Estimate Next Quarter | 0.0000 | |
| EPS Estimate Current Year | 0.0000 | |
| EPS Estimate Next Year | 0.0000 | |
| Diluted EPS (TTM) | 0.0000 | |
| Revenues | ||
| Profit Marging | 0.0000 | |
| Operating Marging (TTM) | 0.0000 | |
| Return on asset (TTM) | 0.0000 | |
| Return on equity (TTM) | 0.0000 | |
| Revenue TTM | 0 | |
| Revenue per share TTM | 0.0000 | |
| Quarterly Revenue Growth (YOY) | 0.0000 | |
| Quarterly Earnings Growth (YOY) | 0.0000 | |
| Gross Profit (TTM) | 0 | |
| Dividends | ||
| Dividend Share | 0.0000 | |
| Dividend Yield | ||
| Valuations | ||
| Trailing PE | 0.0000 | |
| Forward PE | 0.0000 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 0.0000 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 0 | |
| Shares Float | 0 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 0.00 | |
| Institutions (%) | 0.00 | |
06/25 16:54 EST - seekingalpha.com
MEGI: Deep Discount But Continued Mixed Results
MainStay Global Infrastructure Megatrends Term Fund is a closed-end fund trading at a deep discount, providing exposure to essential infrastructure from around the globe. MEGI focuses on renewable energy with a decarbonization themed tilt, but its performance has been mixed relative to other infrastructure peers. The fund offers a high distribution yield of 12.04%, but needs better performance to sustain it and cover operating expenses.
MEGI: Deep Discount But Continued Mixed Results
MainStay Global Infrastructure Megatrends Term Fund is a closed-end fund trading at a deep discount, providing exposure to essential infrastructure from around the globe. MEGI focuses on renewable energy with a decarbonization themed tilt, but its performance has been mixed relative to other infrastructure peers. The fund offers a high distribution yield of 12.04%, but needs better performance to sustain it and cover operating expenses.
06/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for June 2024 and Availability of 19(a) Notice
NEW YORK , June 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.79% based upon the closing price of $12.72 on June 12, 2024, and 10.32% based upon the Fund's closing NAV of $14.54 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for June 2024 and Availability of 19(a) Notice
NEW YORK , June 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.79% based upon the closing price of $12.72 on June 12, 2024, and 10.32% based upon the Fund's closing NAV of $14.54 as of the same date.
05/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for May 2024 and Availability of 19(a) Notice
NEW YORK , May 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.38% based upon the closing price of $13.18 on May 10, 2024, and 9.91% based upon the Fund's closing NAV of $15.13 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for May 2024 and Availability of 19(a) Notice
NEW YORK , May 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.38% based upon the closing price of $13.18 on May 10, 2024, and 9.91% based upon the Fund's closing NAV of $15.13 as of the same date.
04/27 09:17 EST - 247wallst.com
How To Generate $15,000 in Dividend Income in 2024
Stock #3: Abrdn World Healthcare Fund (NYSE: THW) Yield: 12.88% Shares for $20,000: 1,586 Annual Passive Income: ~$2,576 Formerly known as the Tekla World Healthcare Fund until it was acquired by Abrdn Inc.
How To Generate $15,000 in Dividend Income in 2024
Stock #3: Abrdn World Healthcare Fund (NYSE: THW) Yield: 12.88% Shares for $20,000: 1,586 Annual Passive Income: ~$2,576 Formerly known as the Tekla World Healthcare Fund until it was acquired by Abrdn Inc.
04/12 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for April 2024 and Availability of 19(a) Notice
NEW YORK , April 12, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for April 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.35% based upon the closing price of $12.15 on April 10, 2024, and 10.90% based upon the Fund's closing NAV of $13.76 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for April 2024 and Availability of 19(a) Notice
NEW YORK , April 12, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for April 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.35% based upon the closing price of $12.15 on April 10, 2024, and 10.90% based upon the Fund's closing NAV of $13.76 as of the same date.
03/22 09:15 EST - seekingalpha.com
MEGI Vs. IDE: Discounted Infrastructure Funds Yielding 9-12%
Comparison of MainStay CBRE Global Infrastructure Megatrends Term Fund and Voya Infrastructure, Industrials & Materials Fund. MEGI focuses on decarbonization, digital transformation, and asset modernization, while IDE invests in infrastructure, industrials, and materials sectors. IDE has outperformed MEGI in recent periods, but both funds have trailed the S&P 500.
MEGI Vs. IDE: Discounted Infrastructure Funds Yielding 9-12%
Comparison of MainStay CBRE Global Infrastructure Megatrends Term Fund and Voya Infrastructure, Industrials & Materials Fund. MEGI focuses on decarbonization, digital transformation, and asset modernization, while IDE invests in infrastructure, industrials, and materials sectors. IDE has outperformed MEGI in recent periods, but both funds have trailed the S&P 500.
03/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for March 2024 and Availability of 19(a) Notice
NEW YORK , March 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for March 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.87% based upon the closing price of $12.64 on March 12, 2024, and 10.45% based upon the Fund's closing NAV of $14.35 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for March 2024 and Availability of 19(a) Notice
NEW YORK , March 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for March 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.87% based upon the closing price of $12.64 on March 12, 2024, and 10.45% based upon the Fund's closing NAV of $14.35 as of the same date.
02/14 10:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2024 and Availability of 19(a) Notice
NEW YORK , Feb. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for February 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.29% based upon the closing price of $12.21 on February 12, 2024, and 10.65% based upon the Fund's closing NAV of $14.09 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2024 and Availability of 19(a) Notice
NEW YORK , Feb. 14, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for February 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.29% based upon the closing price of $12.21 on February 12, 2024, and 10.65% based upon the Fund's closing NAV of $14.09 as of the same date.
01/19 08:00 EST - seekingalpha.com
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.
CEF Weekly Commentary | Swap Some MAIN Bonds?
Macro markets saw positive movement, with the S&P 500 up 1.81% and bonds performing well. The PPI report offset slightly hot CPI, leaving uncertainty about how the Fed will respond to rising inflation figures. PIMCO Corp & Inc Strat (PCN), a fund I've been high on for some time, has gone parabolic. There was a recommendation from a Seeking Alpha author that likely drove.
01/16 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2024 and Availability of 19(a) Notice
NEW YORK , Jan. 16, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.06% based upon the closing price of $13.56 on January 11, 2024, and 9.75% based upon the Fund's closing NAV of $15.38 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for January 2024 and Availability of 19(a) Notice
NEW YORK , Jan. 16, 2024 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2024 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.06% based upon the closing price of $13.56 on January 11, 2024, and 9.75% based upon the Fund's closing NAV of $15.38 as of the same date.
12/26 06:57 EST - seekingalpha.com
MEGI: Megatrends Infrastructure Looking Attractive With A Deep Discount
MainStay CBRE Global Infrastructure Megatrends Term Fund continues to trade at a deep discount despite an increased distribution earlier this year, making it an interesting consideration. The fund is unique in its approach to investing in a broad range of infrastructure with a "megatrends" thematic-based portfolio. Saba Capital Management's increased ownership recently crossed over the 10% mark, and that could be an additional catalyst in the future.
MEGI: Megatrends Infrastructure Looking Attractive With A Deep Discount
MainStay CBRE Global Infrastructure Megatrends Term Fund continues to trade at a deep discount despite an increased distribution earlier this year, making it an interesting consideration. The fund is unique in its approach to investing in a broad range of infrastructure with a "megatrends" thematic-based portfolio. Saba Capital Management's increased ownership recently crossed over the 10% mark, and that could be an additional catalyst in the future.
12/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2023 and Availability of 19(a) Notice
NEW YORK , Dec. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.80% based upon the closing price of $12.71 on December 12, 2023, and 10.07% based upon the Fund's closing NAV of $14.90 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for December 2023 and Availability of 19(a) Notice
NEW YORK , Dec. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 11.80% based upon the closing price of $12.71 on December 12, 2023, and 10.07% based upon the Fund's closing NAV of $14.90 as of the same date.
11/24 08:15 EST - seekingalpha.com
MEGI: A Hold For Capital Growth, Income Seekers Might Seriously Consider
Infrastructure is a resilient overlay to portfolios in times of market volatility and inflation. Infrastructure investments offer durable, cash-producing assets with low sensitivity to business cycle extremes. The MainStay CBRE Global Infrastructure Megatrends Term Fund offers a high dividend yield and can be a competent income vehicle.
MEGI: A Hold For Capital Growth, Income Seekers Might Seriously Consider
Infrastructure is a resilient overlay to portfolios in times of market volatility and inflation. Infrastructure investments offer durable, cash-producing assets with low sensitivity to business cycle extremes. The MainStay CBRE Global Infrastructure Megatrends Term Fund offers a high dividend yield and can be a competent income vehicle.
11/14 13:00 EST - forbes.com
The 5 Biggest Dividend Bargains Left To Buy Before 2024
Did you miss out? Have cash suddenly burning a hole in your pocket?
The 5 Biggest Dividend Bargains Left To Buy Before 2024
Did you miss out? Have cash suddenly burning a hole in your pocket?
11/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2023 and Availability of 19(a) Notice
NEW YORK , Nov. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.88% based upon the closing price of $11.65 on November 10, 2023, and 10.96% based upon the Fund's closing NAV of $13.68 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for November 2023 and Availability of 19(a) Notice
NEW YORK , Nov. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 12.88% based upon the closing price of $11.65 on November 10, 2023, and 10.96% based upon the Fund's closing NAV of $13.68 as of the same date.
11/07 16:26 EST - seekingalpha.com
The Dirty Dozen CEFs From 2021: A Summary
In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.
The Dirty Dozen CEFs From 2021: A Summary
In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.
10/13 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for October 2023 and Availability of 19(a) Notice
NEW YORK , Oct. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for October 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 13.16% based upon the closing price of $11.40 on October 11, 2023, and 11.00% based upon the Fund's closing NAV of $13.64 as of the same date.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for October 2023 and Availability of 19(a) Notice
NEW YORK , Oct. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for October 2023 of $0.1250 per common share. The Fund's current annualized distribution rate is 13.16% based upon the closing price of $11.40 on October 11, 2023, and 11.00% based upon the Fund's closing NAV of $13.64 as of the same date.
09/14 09:00 EST - prnewswire.com
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2023 and Availability of 19(a) Notice
NEW YORK , Sept. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for September 2023 of $0.1250 per common share.
MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for September 2023 and Availability of 19(a) Notice
NEW YORK , Sept. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for September 2023 of $0.1250 per common share.
08/31 10:34 EST - seekingalpha.com
MEGI's Income Opportunities In Infrastructure Megatrends
Factors reshaping the demand for infrastructure assets. MEGI's unique approach and potential opportunities presented by the fund. CBRE Investment Management Lead Product Strategist, David Leggette discusses the infrastructure sector, MEGI and the current market.
MEGI's Income Opportunities In Infrastructure Megatrends
Factors reshaping the demand for infrastructure assets. MEGI's unique approach and potential opportunities presented by the fund. CBRE Investment Management Lead Product Strategist, David Leggette discusses the infrastructure sector, MEGI and the current market.