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NYSE:MEGI

MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) Stock Price, News & Analysis

MainStay CBRE Global Infrastructure Megatrends Term Fund logo
$13.46 +0.09 (+0.67%)
(As of 02:58 PM ET)

About MainStay CBRE Global Infrastructure Megatrends Term Fund Stock (NYSE:MEGI)

Key Stats

Today's Range
$13.31
$13.49
50-Day Range
$13.17
$14.95
52-Week Range
$11.28
$14.96
Volume
91,231 shs
Average Volume
136,847 shs
Market Capitalization
N/A
P/E Ratio
N/A
Dividend Yield
11.14%
Price Target
N/A
Consensus Rating
N/A

Company Overview

The Fund’s investment objective is to seek a high level of total return with an emphasis on current income. There is no assurance that the Fund will achieve its investment objective. Tthe Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by infrastructure companies. The Fund seeks to achieve its investment objective by investing primarily in income-producing equity securities issued by infrastructure companies, including common stock, preferred stock, convertible securities and rights or warrants to buy common stocks. The Fund intends to focus on three infrastructure megatrends: (i) decarbonization, (ii) digital transformation and (iii) enhancement of aging infrastructure assets. The Fund expects to invest primarily in equity securities of companies located in a number of different countries, including the United States. The Fund may also invest in fixed income securities of infrastructure companies. The Fund will invest more than 25% of the value of its total assets at the time of purchase in the securities of issuers conducting their business activities in the infrastructure group of industries. The Fund’s Subadvisor, CBRE Clarion, defines an infrastructure company as a company that derives at least 50% of its revenues or profits from, or devotes at least 50% of its assets to, the ownership, management, development, construction, renovation, enhancement, or operation of infrastructure assets or the provision of services to companies engaged in such activities. Examples of infrastructure assets include transportation assets (such as toll roads, bridges, railroads, airports, and seaports), utility assets (such as electric transmission and distribution lines, gas distribution pipelines, water pipelines and treatment facilities, and sewer facilities), energy assets (such as oil and gas pipelines, storage facilities, and other facilities used for gathering, processing, or transporting hydrocarbon products as well as contracted renewable power assets), and communications assets (such as communications towers, data centers, fiber networks, and satellites.

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MEGI Stock News Headlines

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MEGI Stock Analysis - Frequently Asked Questions

MainStay CBRE Global Infrastructure Megatrends Term Fund's stock was trading at $12.98 at the beginning of the year. Since then, MEGI shares have increased by 3.7% and is now trading at $13.46.
View the best growth stocks for 2024 here
.

Top institutional shareholders of MainStay CBRE Global Infrastructure Megatrends Term Fund include Raymond James & Associates, Penserra Capital Management LLC, Pathstone Holdings LLC and Rockefeller Capital Management L.P.. Insiders that own company stock include Saba Capital Management, LP, Jeremy Anagnos, Joseph P Smith, Jacques P Perold, Richard S Trutanic, Daniel Ryan Foley and Kirk C Lehneis.
View institutional ownership trends
.

Shares of MEGI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that MainStay CBRE Global Infrastructure Megatrends Term Fund investors own include CF Industries (CF), BlackRock Health Sciences Term Trust (BMEZ), Ares Capital (ARCC), Arbor Realty Trust (ABR), BlackRock Innovation and Growth Term Trust (BIGZ), Crown Castle (CCI) and BlackRock ESG Capital Allocation Term Trust (ECAT).

Company Calendar

Ex-Dividend for 10/31 Dividend
10/24/2024
Dividend Payable
10/31/2024
Today
11/21/2024
Ex-Dividend for 11/29 Dividend
11/25/2024
Dividend Payable
11/29/2024

Industry, Sector and Symbol

Sector
--
Industry
-
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
$18.62 million

Miscellaneous

Free Float
N/A
Optionable
Not Optionable
Beta
N/A
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This page (NYSE:MEGI) was last updated on 11/21/2024 by MarketBeat.com Staff
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