NYLI CBRE Global Infrastructure Megatrends Term Fund (the
"Fund") (NYSE: MEGI) today announced the Fund’s monthly
distributions for October 2024 of $0.1250 per common share. The
Fund’s current annualized distribution rate is 10.64% based upon
the closing price of $14.10 on October 10, 2024, and 9.62% based
upon the Fund’s closing NAV of $15.60 as of the same date.
Dividend Distribution Schedule:
Ex-Dividend Date
Record Date
Payable Date
October
10-24-2024
10-24-2024
10-31-2024
The amounts and sources of distributions reported in this Notice
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for tax
reporting purposes will depend upon the Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. The Fund will send you
a Form 1099-DIV for the calendar year that will tell you how to
report these distributions for federal income tax purposes.
You should not draw any conclusions about the Fund’s investment
performance from the amount of this distribution or from the terms
of the Fund’s Distribution Policy.
Future earnings of the Fund cannot be guaranteed, and the Fund's
distribution policy is subject to change. For more information on
the Fund, please visit the Fund’s website here.
The Fund's monthly distribution is set by its Board of Trustees.
The Board reviews the Fund's distribution on a quarterly basis in
view of its net investment income, realized and unrealized gains,
and other net unrealized appreciation or income expected during the
remainder of the year. The Fund strives to establish a level
monthly distribution that, over the course of the year, will serve
to distribute an amount closely approximating the Fund's net
investment income and net realized capital gains during the
year.
The following table sets forth the estimated sources of income
of the current distribution, and the cumulative distributions paid
this fiscal year to date from the following sources: net investment
income, net realized short-term capital gains, net realized
long-term capital gains and return of capital or other capital
source. All amounts are expressed on a per share of common stock
basis and as a percentage of the distribution amount.
Data as of 10/31/2024
Source
Current
Distribution per
Share
Percent of
Current
Distribution
Fiscal YTD
Cumulative
Distribution per Share
Fiscal YTD Percent of
Total Cumulative
Distributions
Net Investment
Income
$0.0462
37%
$0.4969
80%
Net Realized Short-
Term Capital Gains
$0.0533
43%
$0.0827
13%
Net Realized Long-
Term Capital Gains
$0.0255
20%
$0.0454
7%
Return of Capital or
Other Capital Sources
$0.0000
0%
$0.0000
0%
Total per Share
$0.1250
100%
$0.6250
100%
Fund Performance and Distribution Rate
Information as of 9/30/2024
Average annual total return1 (in relation
to the net asset value (NAV))
1.06%
Annualized current distribution rate
expressed as a percentage of month end NAV as of 9/30/2024
9.20%2
Cumulative total return3 (in relation to
NAV (not annualized)) for the fiscal period ending 9/30/2024
12.59%
Cumulative fiscal year distribution rate
as a percentage of NAV as of 9/30/2024
3.07%4
- Represents the annualized total return in relation to the
change in NAV from inception (10/27/2021) through 9/30/2024.
- Represents the current monthly distribution rate annualized as
a percentage of NAV as of 9/30/2024.
- Represents the cumulative total return in relation to the
change in NAV for the current fiscal period 6/1/2024 through
9/30/2024.
- Represents the cumulative distribution rate for the current
fiscal period 6/1/2024 through 9/30/2024, which is determined by
dividing the dollar value of distributions in the period by the NAV
as of 9/30/2024.
There is no assurance the Fund will continue to pay regular
monthly distributions or that it will do so at a particular
rate.
You should not draw any conclusions about the Fund’s investment
performance from the amount of its distribution to
shareholders.
Any distributions in excess of the Fund’s current and
accumulated earnings and profits will be treated first, as a
tax-deferred return of capital, which is applied against and will
reduce the adjusted tax basis of shares and, after such adjusted
basis is reduced to zero, will generally constitute capital gains.
A return of capital distribution may lower a shareholder’s basis in
the Fund, causing a potential future tax consequence in connection
with the sale of Fund shares, even if such shares are sold at a
loss to the shareholder’s initial investments.
Any amounts and sources of distributions are only estimated and
are not being provided for tax reporting purposes. The actual
amounts and sources of income of the amounts for tax reporting
purposes will depend on the Fund’s investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. The Fund will send a Form 1099-DIV for the
calendar year that will advise how to report these distributions
for federal income tax purposes.
The Fund is a closed-end fund, which is traded on the New York
Stock Exchange and invests primarily in income-producing equity
securities issued by infrastructure companies. Holdings are subject
to change. Past performance is no guarantee of future results.
The Fund's daily New York Stock Exchange closing prices, net
asset values per share, as well as other information are available
by clicking here or by calling the Fund's shareholder servicing
agent at (855) 456-9683.
Before considering an investment in the Fund, you should
understand that you could lose money. There are risks inherent in
all investments.
For more information about the Fund, including specific risks,
please visit our website here.
About New York Life Investments
With over $727 billion in assets under management as of June 30,
2024, New York Life Investments, a Pensions & Investments’ Top
30 Largest Money Manager*, is comprised of the affiliated global
asset management businesses of its parent company, New York Life
Insurance Company, and offers clients access to specialized,
independent investment teams through its family of affiliated
boutiques. New York Life Investments remains committed to clients
through a combination of the diverse perspectives of its boutiques
and a long-lasting focus on sustainable relationships.
*New York Life Investment Management ranked 26th largest
institutional investment manager in Pensions & Investments'
Largest Money Managers 2024 published June 2024, based on worldwide
institutional AUM as of 12/31/23. No direct or indirect
compensation was paid for the creation and distribution of this
ranking.
About CBRE Investment Management
CBRE Investment Management Listed Real Assets LLC is the listed
real assets arm of CBRE Investment Management, a leading global
real assets investment management firm with $142.5 billion in
assets under management* as of June 30, 2024, operating in more
than 30 offices and 20 countries around the world. Through its
investor-operator culture, the firm seeks to deliver sustainable
investment solutions across real assets categories, geographies,
risk profiles and execution formats so that its clients, people and
communities thrive.
CBRE Investment Management is an independently operated
affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest
commercial real estate services and investment firm (based on 2023
revenue). The company has more than 130,000 employees (including
Turner & Townsend employees) serving clients in more than 100
countries. CBRE Investment Management harnesses CBRE’s data and
market insights, investment sourcing and other resources for the
benefit of its clients. For more information, please visit
www.cbreim.com.
*Assets under management (AUM) refers to the fair market value
of real assets-related investments with respect to which CBRE
Investment Management provides, on a global basis, oversight,
investment management services and other advice and which generally
consist of investments in real assets; equity in funds and joint
ventures; securities portfolios; operating companies and real
assets-related loans. This AUM is intended principally to reflect
the extent of CBRE Investment Management’s presence in the global
real assets market, and its calculation of AUM may differ from the
calculations of other asset managers and from its calculation of
regulatory assets under management for purposes of certain
regulatory filings.
This press release is not an offer to sell securities and is not
a solicitation of an offer to buy securities, nor will there be any
sales of securities in any jurisdiction where the offer or sale is
not permitted.
New York Life Investment Management LLC engages the services of
SEC-registered advisors. CBRE Investment Management Listed Real
Assets (CBRE Investment Management) is unaffiliated with New York
Life Investment Management LLC. "New York Life Investments" is both
a service mark, and the common trade name, of certain investment
advisors affiliated with New York Life Insurance Company.
Securities distributed by NYLIFE Distributors LLC, 30 Hudson
Street, Jersey City, NJ 07302, Member FINRA/SIPC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241014821803/en/
Media Contacts: New York
Life Investments: Sara Guenoun
Sara_J_Guenoun@newyorklife.com
NYLI CBRE Global Infrast... (NYSE:MEGI)
Gráfico Histórico do Ativo
De Out 2024 até Nov 2024
NYLI CBRE Global Infrast... (NYSE:MEGI)
Gráfico Histórico do Ativo
De Nov 2023 até Nov 2024
