MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for February 2024 and Availability of 19(a) Notice

In This Article:

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.

Dividend Distribution Schedule:


Ex-Dividend Date

Record Date

Payable Date

February

2-23-2024

2-26-2024

2-29-2024

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 2/29/2024

 

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

$0.1250

100 %

$0.8819

81 %

Net Realized Short-
Term Capital Gains

$0.0000

0 %

$0.0350

3 %

Net Realized Long-
Term Capital Gains

$0.0000

0 %

$0.1747

16 %

Return of Capital or
Other Capital Sources

$-

- %

$-

- %

Total per Share

$0.1250

100 %

$1.0916

100 %

 

Fund Performance and Distribution Rate Information as of 1/31/2024


Average annual total return1 (in relation to the net asset value (NAV)):

-6.62 %

Annualized current distribution rate expressed as a percentage of month end NAV as of
1/31/2024:

10.36%2

Cumulative total return3 (in relation to NAV (not annualized)) for the fiscal period ending
1/31/2024:

-3.97 %

Cumulative fiscal year distribution rate as a percentage of NAV as of 1/31/2024:

6.68%4



1.

Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 1/31/2024.

2.

Represents the current monthly distribution rate annualized as a percentage of NAV as of 1/31/2024.

3.

Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2023 through 1/31/2024.

4.

Represents the cumulative distribution rate for the current fiscal period 6/1/2023 through 1/31/2024, which is determined by dividing the
dollar value of distributions in the period by the NAV as of 1/31/2024.

There is no assurance the Fund will continue to pay regular monthly distributions or that it will do so at a particular rate.