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MainStay CBRE Global Infrastructure Megatrends Fund (MEGI)

Specialty Equity Funds - Utilities Funds

Data as of Aug. 18, 2022
Current
Market Price $17.14 (- $0.22)
NAV (Aug. 18, 2022) $19.59 (+ $0.03)
Fund Listed NYSE
Premium / Discount -12.51% (-1.26%)
Fund Info
Inception Oct. 27, 2021
Sponsor New York Life Investment Management
Website https://www.newyorklif...
Phone
NAV Symbol XMEGX
Location New York
Incorporated Delaware
Staggered Board Yes
Objective: High level of total return with an emphasis on current income. Fund invests at least 80% of its assets in equity securities of infrastructure companies. Fund intends to focus on three infrastructure megatrends: (i) decarbonization, (ii) digital transformation and (iii) asset modernization.
Related Indexes
Equity Income Index
60/40 Balanced (w/ BDCs) Index
Utilities / Infrastructure Index
Discount CEF/BDC Index
All Sector Equity CEF Index
Capital & Leverage
Outstanding Shares 52,047,534
Total Assets (Reported: May 31, 2022) $1,508M
Estimated Total Assets $1,457M
Net Assets $1,020M
Market Cap $892M
Portfolio Turnover %
Total Leverage 30.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 1.92%
Non Lev Exp Ratio 1.56%
Rel Lev Cost 0.86%
Discount Data
Average Discount (3 Yr) %
Discount Low(3 Yr) -17.16%
Discount High(3 Yr) 3.95%
Discount Rel Range 22.03%
Comp Discount -16.72
Discount St Dev (1Yr)
Z-Stat
Z-Stat (6mo) -0.29
Z-Stat (1Yr)
Z-Stat (3Yr)
Comp Z-Stat (6mo) -0.43
Comp Z-Stat (3Yr)
Distribution Data
Market Yield 7.58%
Income Yield 6.87%
Lev Adj NAV Yield 5.10%
Distribution Frequency M
Current Distribution $0.108
Current Income $0.098
Ex-Date 8/19/22
Payable Date 8/31/22
Div Growth (3yr) %
Dividend Change % on
Expected Div 11/11/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $2,762
Avg Volume 30 day 143,270
Avg Volume 90 day 161,135
Volume Trend -11.09%
Comp Volume Trend 7.21%
Correlation & Volatility
NAV - Price Correlation (30 d) 91.9%
NAV - Price Correlation (90 d) 95.3%
NAV - Price Correlation (1 Yr) %
Price St Dev (1Yr) %
NAV St Dev (1Yr) %
Earnings
Earnings / Share (5/31/22) $0.077
Earn Coverage 70.82%
Earnings Trend None
UNII / Share (5/31/22) $0.208
Rel UNII 17.64
UNII Trend None
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Utilities / Infrastructure Index

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CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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