MEGI - MEGI: Deep Discount But Continued Mixed Results
2024-06-25 16:54:43 ET
Summary
- MainStay Global Infrastructure Megatrends Term Fund is a closed-end fund trading at a deep discount, providing exposure to essential infrastructure from around the globe.
- MEGI focuses on renewable energy with a decarbonization themed tilt, but its performance has been mixed relative to other infrastructure peers.
- The fund offers a high distribution yield of 12.04%, but needs better performance to sustain it and cover operating expenses.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Utilities, cell towers, toll roads, airports and data centers are integral parts of society that keep civilization surviving and thriving. MainStay CBRE Global Infrastructure Megatrends Term Fund ( MEGI ) is one closed-end fund that is trading at a deep discount, providing exposure to this necessary infrastructure....
MEGI: Deep Discount But Continued Mixed Results