MainStay CBRE Global Infrastructure Megatrends Fund: directors' dealings · United States · SEC (Form 4)

About MainStay CBRE Global Infrastructure Megatrends Fund

MainStay CBRE Global Infrastructure Megatrends Fund (ticker: MEGI) is a US-listed closed-end investment fund traded on the NYSE in the United States. The vehicle was organized as a Delaware statutory trust in 2021 and launched as a non-diversified closed-end management investment company. It later changed its name to NYLI CBRE Global Infrastructure Megatrends Term Fund, while retaining the MEGI ticker. SEC filings show the fund’s principal office at 51 Madison Avenue, New York, NY 10010, underscoring that its operating base is in New York. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1855066/000110465921130741/tm2128103d10_424b1.htm?utm_source=openai)) Strategically, MEGI is designed to provide exposure to a globally diversified portfolio of listed infrastructure securities. The fund’s investment theme is centered on “megatrends” that shape long-term infrastructure demand, including digitalization, electrification, decarbonization, transport modernization, and the expansion of essential utility and communications networks. SEC materials describe the portfolio as investing across utilities, communications, energy, transportation, and related infrastructure industries. In practical terms, that means the fund seeks to capture businesses whose cash flows are often supported by regulated assets, recurring demand, and long-duration capital investment cycles. ([cbreim.com](https://www.cbreim.com/press-releases/new-york-life-investments-partners-with-cbre-to-add-global-infrastructure-and-real-estate-strategies?utm_source=openai)) From a market-positioning standpoint, MEGI sits within the listed infrastructure and income-oriented closed-end fund universe. Its differentiators are the CBRE Investment Management infrastructure platform, the New York Life Investments / MainStay fund family, and a specialist subadvisory framework focused on listed real assets. The strategy is not concentrated in one geography: the latest portfolio disclosure shows a meaningful allocation to the United States, but also exposure to Canada, the United Kingdom, Italy, Spain, Singapore, China, Australia, and several other markets. That mix gives the fund a global infrastructure profile rather than a purely domestic US bias. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1855066/000119312525170893/d935485dncsr.htm?utm_source=openai)) Recent developments have been notable. In 2024, the fund underwent a name change, reflecting the move from the original MainStay branding to the NYLI CBRE identity. More recent shareholder reports indicate solid recent performance, with the fund posting positive one-year returns on both NAV and market price for the fiscal year ended May 31, 2025. SEC notices also show ongoing cash distributions, consistent with the fund’s income-oriented profile. For international equity investors, MEGI is best understood as a NYSE-listed US infrastructure income fund that offers a diversified, globally sourced exposure to long-term infrastructure megatrends rather than a single-sector operating company. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001855066/000119312525170893/d935485dncsr.htm?utm_source=openai))