MainStay CBRE Global Infrastructure Megatrends Fund

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

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

CBRE Group

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 , 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

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

NEW YORK , Aug. 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for August 2023 of $0.1250 per common share. This reflects the 15% increase in the Fund's regular monthly distribution rate as announced by the Fund on July 26 th.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Increased Monthly Distribution for August 2023 and Availability of 19(a) Notice

Aberdeen Standard Global Infr Inc Fd

The utility sector has been underperforming in 2023 due to the rising interest rate environment, but that doesn't mean they aren't attractive or can't perform well going forward. The abrdn Global Infrastructure Income Fund and MainStay CBRE Global Infrastructure Megatrends Term Fund are trading at deep discounts, making them potential opportunities. ASGI operates without leverage and may be a safer choice, while MEGI utilizes leverage; both funds pay reasonable distribution rates currently.

ASGI And MEGI: Deeply Discounted Infrastructure Funds

NEW YORK, July 26, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) announces a 15% increase in the regular monthly distribution rate, to $0.125/share ($1.50/share annualized) from $0.1083/share ($1.30/share annualized) effective August 31, 2023. Key dates as well as the details pertaining to the sources of the distribution will be disclosed in the Fund's regular monthly distribution announcement on or about August 14 th, 2023.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Announces a 15% Increase to the Distribution Rate and Webinar with Portfolio Management on August 9th, 2023

NEW YORK , July 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for July 2023 of $0.1083 per common share. The Fund's current annualized distribution rate is 9.35% based upon the closing price of $13.90 on July 12, 2023, and 7.86% based upon the Fund's closing NAV of $16.53 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE: MEGI) Declares Monthly Distribution for July 2023 and Availability of 19(a) Notice

The MainStay CBRE Global Infrastructure Megatrends Term Fund offers a 9.6% forward yield and trades at a 16% discount to NAV, but has shown subpar performance since inception. MEGI focuses on investment megatrends of Decarbonization, Digital Transformation, and Asset Modernization, but the classification of some holdings is questionable. Despite the high yield and discounted portfolio, I recommend staying on the sidelines until the fund show signs of reversing its underperformance.

MEGI: Discounted Infrastructure Portfolio Yielding 9.6%

NEW YORK , June 20, 2023 /PRNewswire/ -- New York Life Investments today announced a name change for MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) to MainStay CBRE Global Infrastructure Megatrends Term Fund. This name change is being made to better align the Fund's name with its existing limited term structure, and to increase awareness to the fact that there will be a liquidity event at net asset value for shareholders, either at the Termination Date (as indicated below) or in connection with an Eligible Tender Offer (as discussed below).

New York Life Investments Announces Name Change for the MainStay CBRE Global Infrastructure Megatrends Fund

NEW YORK , June 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for June 2023 of $0.1083 per common share. The Fund's current annualized distribution rate is 9.39% based upon the closing price of $13.84 on June 12, 2023, and 7.86% based upon the Fund's closing NAV of $16.54 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for June 2023 and Availability of 19(a) Notice

MainStay MacKay DefinedTerm Municipal Opportunities Fund

NEW YORK , June 7, 2023 /PRNewswire/ -- New York Life Investments today announced that Naïm Abou-Jaoudé has joined the Board of Trustees of the MainStay MacKay DefinedTerm Municipal Opportunities Fund (NYSE: MMD) and the MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Funds") as a Class III Trustee. Mr. Abou-Jaoudé was recently announced as the new Chief Executive Officer of New York Life Investment Management LLC (NYLIM), and previously served as the Chairman and Chief Executive Officer of Candriam since 2007.

MainStay MacKay DefinedTerm Municipal Opportunities Fund and MainStay CBRE Global Infrastructure Megatrends Fund Announce Naïm Abou-Jaoudé Joins the Board of Trustees

NEW YORK , May 12, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for May 2023 of $0.1083 per common share. The Fund's current annualized distribution rates is 9.04% based upon the closing price of $14.37 on May 10, 2023, and 7.47% based on the Fund's closing NAV of $17.39 as of the same date.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for May 2023 and Availability of 19(a) Notice

MEGI continues to trade at a wide discount but seems to be finding a bottom in this general region. Since the launch, the underlying portfolio has performed relatively well compared to similar funds.

MEGI: Deep Discount Persists, Presenting An Opportunity

MEGI: Recession Resistant High Yield Income From This Infrastructure Megatrends CEF

NEW YORK, April 18, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Fund") has announced a webinar with the portfolio management team, to be held on Tuesday, April 25, 2023 at 4:00 PM ET. During the webinar, the team will provide an update on the portfolio and outlook for the year ahead.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Announces Portfolio Manager Update Webinar Tuesday, April 18, 2023

NEW YORK , April 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for April 2023 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for April 2023 and Availability of 19(a) Notice

NEW YORK , March 14, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for March 2023 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for March 2023 and Availability of 19(a) Notice

NEW YORK , Feb. 14, 2023 /PRNewswire/ -- MainStayCBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for February 2023 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for February 2023 and Availability of 19(a) Notice

NEW YORK , Jan. 13, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for January 2023 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for January 2023 and Availability of 19(a) Notice

NEW YORK , Jan. 11, 2023 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) (the "Fund") has announced a webinar with the portfolio management team, to be held on Wednesday, January 18, 2023, at 4:00 PM ET. During the webinar, the team will provide an update on the portfolio and outlook for the year ahead.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Announces Portfolio Manager Update Webinar Wednesday, January 18, 2023

By 2040, it is estimated that over $100 trillion of investment will be required to repair, modernize, and build new infrastructure assets critical to societies around the globe. Much of the necessary investment will come from publicly traded companies which are included in the MainStay CBRE Global Infrastructure Megatrends Fund, ticker MEGI.

CEFA Insights: Income Opportunities In Global Infrastructure

NEW YORK , Dec. 14, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for December 2022 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for December 2022 and Availability of 19(a) Notice

NEW YORK , Nov. 14, 2022 /PRNewswire/ -- MainStay CBRE Global Infrastructure Megatrends Fund (the "Fund") (NYSE: MEGI) today announced the Fund's monthly distributions for November 2022 of $0.1083 per common share. The distribution reflects an annualized distribution rate of 6.5% based on a $20.00 per share initial public offering (IPO) price.

MainStay CBRE Global Infrastructure Megatrends Fund (NYSE: MEGI) Declares Monthly Distribution for November 2022 and Availability of 19(a) Notice

MEGI launched just over a year ago, meaning it is time to give the fund another look. CEFs tend to start trading at wide discounts after launch; this fund has gone to an abnormally large discount.

News for MainStay CBRE Global Infrastructure Megatrends Fund ETF (MEGI)