MEGI) Declares Month-to-month Distribution for April 2024 and Availability of 19(a) Discover

NEW YORK, April 12, 2024 /PRNewswire/ — MainStay CBRE World Infrastructure Megatrends Time period Fund (the “Fund”) (NYSE: MEGI) right now introduced the Fund’s month-to-month distributions for April 2024 of $0.1250 per widespread share. The Fund’s present annualized distribution charge is 12.35% primarily based upon the closing worth of $12.15 on April 10, 2024, and 10.90% primarily based upon the Fund’s closing NAV of $13.76 as of the identical date.

Dividend Distribution Schedule:

The quantities and sources of distributions reported on this Discover are solely estimates and are usually not being supplied for tax reporting functions. The precise quantities and sources of the quantities for tax reporting functions will rely on the Fund’s funding expertise throughout the the rest of its fiscal yr and could also be topic to modifications primarily based on tax laws. The Fund will ship you a Kind 1099-DIV for the calendar yr that may let you know report these distributions for federal earnings tax functions.

You shouldn’t draw any conclusions in regards to the Fund’s funding efficiency from the quantity of this distribution or from the phrases of the Fund’s Distribution Coverage.

Future earnings of the Fund can’t be assured, and the Fund’s distribution coverage is topic to alter. For extra info on the Fund, please go to the Fund’s web site here.

The Fund’s month-to-month distribution is about by its Board of Trustees. The Board evaluations the Fund’s distribution on a quarterly foundation in view of its web funding earnings, realized and unrealized beneficial properties, and different web unrealized appreciation or earnings anticipated throughout the the rest of the yr. The Fund strives to determine a degree month-to-month distribution that, over the course of the yr, will serve to distribute an quantity carefully approximating the Fund’s web funding earnings and web realized capital beneficial properties throughout the yr.

The next desk units forth the estimated sources of earnings of the present distribution, and the cumulative distributions paid this fiscal yr up to now from the next sources: web funding earnings, web realized short-term capital beneficial properties, web realized long-term capital beneficial properties and return of capital or different capital supply. All quantities are expressed on a per share of widespread inventory foundation and as a share of the distribution quantity.

 

1. Represents the annualized complete return in relation to the change in NAV from inception (10/27/2021) by 3/31/2024.

2. Represents the present month-to-month distribution charge annualized as a share of NAV as of three/31/2024.

3. Represents the cumulative complete return in relation to the change in NAV for the present fiscal interval 6/1/2023 by 3/31/2024.

4. Represents the cumulative distribution charge for the present fiscal interval 6/1/2023 by 3/31/2024, which is decided by dividing the greenback worth of distributions within the interval by the NAV as of three/31/2024.

There isn’t any assurance the Fund will proceed to pay common month-to-month distributions or that it’ll achieve this at a specific charge.

You shouldn’t draw any conclusions in regards to the Fund’s funding efficiency from the quantity of its distribution to shareholders.

Any distributions in extra of the Fund’s present and accrued earnings and earnings can be handled first, as a tax-deferred return of capital, which is utilized in opposition to and can scale back the adjusted tax foundation of shares and, after such adjusted foundation is decreased to zero, will usually represent capital beneficial properties. A return of capital distribution might decrease a shareholder’s foundation within the Fund, inflicting a possible future tax consequence in reference to the sale of Fund shares, even when such shares are offered at a loss to the shareholder’s preliminary investments.

Any quantities and sources of distributions are solely estimated and are usually not being supplied for tax reporting functions. The precise quantities and sources of earnings of the quantities for tax reporting functions will depend upon the Fund’s funding expertise throughout the the rest of its fiscal yr and could also be topic to modifications primarily based on tax laws. The Fund will ship a Kind 1099-DIV for the calendar yr that may advise report these distributions for federal earnings tax functions.

The Fund is a closed-end fund, which is traded on the New York Inventory Trade and invests primarily in income-producing fairness securities issued by infrastructure corporations. Holdings are topic to alter. Previous efficiency is not any assure of future outcomes.

The Fund’s each day New York Inventory Trade closing costs, web asset values per share, in addition to different info can be found by clicking here or by calling the Fund’s shareholder servicing agent at (855) 456-9683.

Earlier than contemplating an funding within the Fund, it’s best to perceive that you could possibly lose cash. There are dangers inherent in all investments.

For extra details about the Fund, together with particular dangers, please go to our web site here.

About New York Life Investments
With over $716 billion in Property Underneath Administration* as of December 31, 2023, New York Life Investments, Pensions and Investments’ twenty fifth Largest Cash Supervisor**, is comprised of the affiliated international asset administration companies of its mum or dad firm, New York Life Insurance Company, and affords shoppers entry to specialised, impartial funding groups by its household of affiliated boutiques. New York Life Investments stays dedicated to shoppers by a mix of the varied views of its boutiques and a long-lasting deal with sustainable relationships.

*Property beneath administration (AUM) contains property of the funding advisers affiliated with New York Life Insurance coverage Firm, aside from Kartesia Administration. As of 12/31/2022 New York Life Investments modified its AUM calculation methodology, and AUM now contains sure property, akin to non-discretionary AUM, exterior fund choice, and overlay companies, together with ESG screening companies, advisory consulting companies, white labeling funding administration companies, and mannequin portfolio supply companies, that don’t qualify as Regulatory Property Underneath Administration, as outlined within the SEC’s Kind ADV. AUM is reported in USD. AUM not denominated in USD is transformed on the spot charge as of three/31/2023. This complete AUM determine is lower than the sum of the AUM of every affiliated funding adviser within the group as a result of it doesn’t rely AUM the place the identical property could be counted by multiple affiliated funding adviser.

** On June 12, 2023, New York Life Investments was ranked #25 in Pensions & Investments’ Largest Money Managers 2023 for the time interval 12/31/21 – 12/31/22. (Managers are ranked by complete worldwide institutional property beneath administration. Full checklist here.) No direct or oblique compensation was paid for the creation and distribution of this rating. For extra details about rating click on right here – Largest Money Managers 2023 | Pensions & Investments (pionline.com)

“New York Life Investments” is each a service mark, and the widespread commerce title, of sure funding advisors affiliated with New York Life Insurance coverage Firm.

About CBRE Funding Administration
CBRE Funding Administration Listed Actual Property LLC is the listed actual property arm of CBRE Funding Administration, a number one international actual property funding administration agency with $147.5 billion in property beneath administration* as of December 31, 2023, working in additional than 30 places of work and 20 nations around the globe. By way of its investor-operator tradition, the agency seeks to ship sustainable funding options throughout actual property classes, geographies, threat profiles and execution codecs in order that its shoppers, individuals and communities thrive.

CBRE Funding Administration is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBRE), the world’s largest business actual property companies and funding agency (primarily based on 2023 income). The corporate has greater than 130,000 staff (together with Turner & Townsend staff) serving shoppers in additional than 100 nations. CBRE Funding Administration harnesses CBRE’s information and market insights, funding sourcing and different assets for the advantage of its shoppers. For extra info, please go to www.cbreim.com.

*Property beneath administration (AUM) refers back to the truthful market worth of actual assets-related investments with respect to which CBRE Funding Administration offers, on a world foundation, oversight, funding administration companies and different recommendation and which usually include investments in actual property; fairness in funds and joint ventures; securities portfolios; working corporations and actual assets-related loans. This AUM is meant principally to replicate the extent of CBRE Funding Administration’s presence within the international actual property market, and its calculation of AUM might differ from the calculations of different asset managers and from its calculation of regulatory property beneath administration for functions of sure regulatory filings.

This press launch shouldn’t be a proposal to promote securities and isn’t a solicitation of a proposal to purchase securities, nor will there be any gross sales of securities in any jurisdiction the place the provide or sale shouldn’t be permitted.

New York Life Funding Administration LLC engages the companies of SEC-registered advisors. CBRE Funding Administration Listed Actual Property (CBRE Funding Administration) is unaffiliated with New York Life Funding Administration LLC. The MainStay Funds® are managed by New York Life Funding Administration LLC and distributed by NYLIFE Distributors LLC, 30 Hudson Road, Jersey Metropolis, NJ 07302, a completely owned subsidiary of New York Life Insurance coverage Firm. NYLIFE Distributors LLC is a Member FINRA/SIPC.

Media Contacts:
New York Life Investments: 
Sara Guenoun
[email protected]

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SOURCE New York Life Investments