MEGI CEF — NYLI CBRE Global Infrastructure Megatrends Term Fund

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI)

MEGI is a CEF linked to Income-producing equity securities issued by infrastructure companies.. its distribution rate is 10.65%, its trailing-12-month yield is 10.65%, its expense ratio is 3.73%. Dividend Vision Distribution Safety Score™ is 87/100 (Safe). Total return is 13.4% over the past 4.9 years, 66.0 points behind SPY at 79.4%.

At the current 10.65% distribution rate, a $10,000 investment would generate approximately $1,065 per year, or $88.75 per month.

NYLI CBRE Global Infrastructure Megatrends Term Fund is a closed-end fund that invests at least eighty percent of its assets in income-producing equity securities issued by infrastructure companies, with a focus on decarbonization, digital transformation, and asset modernization. The fund seeks a high level of total return with an emphasis on current income and carries an expense ratio of 3.73%. It appeals to income-focused investors with an interest in global infrastructure and thematic investing around energy transition and modernization.

MEGI performance versus SPY

Price and return data through 2026-09-18.

Total return is 13.4% over the past 4.9 years, 66.0 points behind SPY at 79.4%. Over the past year its total return — price change plus distributions reinvested — is 8.6%. Its deepest 1-year drawdown was 9.5%.

MEGI key facts

Distribution Safety Score™

87 · Safe

Safety-Adjusted Yield

9.27%

Issuer

New York Life Investments

Asset type

CEF

Asset class

Equity

Inception date

10/27/2021

Expense ratio

3.73%

Management fee

1.36%

Other operating expenses

0.10%

Interest expense

2.27%

Total annual operating expenses

3.73%

Distribution rate

10.65%

Distribution frequency

Monthly

Trailing yield

10.65%

Last close

$14.09 (as of 2026-09-18)

NAV

N/A

Premium / discount

N/A

Market cap

$733,349,760

Average volume

100200.0

Next dividend

$0.125

Next ex-dividend date

09/24/2026

How Dividend Vision calculates yield and returns

Distribution rate (10.65%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (10.65%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: New York Life Investments; Index: Income-producing equity securities issued by infrastructure companies.; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

MEGI risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 9.5%.

Who may consider MEGI — and who may not

MEGI may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from New York Life Investments.