January 2025 Distribution Announced for NYLI CBRE Global Infrastructure Fund
NYLI CBRE Global Infrastructure Fund Announces January 2025 Distribution
NEW YORK-- NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund") (NYSE: MEGI) has declared its monthly distribution for January 2025, setting the amount at $0.1250 per common share. Based on the closing price of $12.19, the Fund's current annualized distribution rate stands at 12.31%, whereas the annualized rate based on the Fund's net asset value (NAV) of $13.55 is at 11.07%.
Understanding the Dividend Distribution Schedule
The distribution schedule is a key component for investors to monitor. Here is the schedule for January:
Ex-Dividend, Record, and Payable Dates
January:
Ex-Dividend Date: January 27, 2025
Record Date: January 27, 2025
Payable Date: January 31, 2025
Estimating the Sources of the Distribution
It is important for investors to note that the amounts reported are estimates and should not be solely relied upon for tax reporting purposes. Actual amounts can fluctuate based on the Fund's investment experience for the remainder of the fiscal year, and tax regulations may influence final figures. A Form 1099-DIV will be distributed for federal income tax reporting purposes.
Implications of the Distribution Policy
Investors should take caution and not derive conclusions about the Fund's performance purely from the distribution amounts. Future earnings and distributions cannot be guaranteed, as they may vary based on market conditions and investment opportunities.
Fund Performance Metrics
The Fund's Board of Trustees sets the monthly distribution, reviewing it quarterly in light of net investment income, capital gains, and other financial metrics. This aims to ensure that over the course of the year, distributions closely align with net investment income and realized capital gains.
Current Distribution Amounts and Sources
The following highlights the estimated sources of the current distribution and the cumulative distributions paid in the fiscal year, providing insight for shareholders:
- Net Investment Income: $0.0000 (60% of cumulative distributions)
- Net Realized Short-Term Capital Gains: $0.0000 (20% of cumulative distributions)
- Net Realized Long-Term Capital Gains: $0.0000 (8% of cumulative distributions)
- Return of Capital or Other Sources: $0.1250 (100% of current distribution)
The total per share from these sources equals $0.1250, amounting to a cumulative distribution of $1.0000 for the fiscal year.
Investment Risks and Future Outlook
As with any investment, there are inherent risks. Although the Fund aims to provide regular monthly distributions, there's no assurance this will continue at a consistent rate. The Fund estimates it has returned capital to investors, which is not indicative of performance but reflects the reality of capital returning to shareholders.
Understanding Return of Capital
A return of capital (ROC) occurs when an investor receives back some or all of their principal. This distribution does not correlate directly with investment returns and may cater to tax implications for shareholders, reducing the adjusted tax basis of shares.
Final Thoughts on Distribution Characteristics
It’s crucial for investors to grasp the dynamics of the distribution structure to make informed decisions. Distributions in excess of income and profits are classified as a return of capital, potentially influencing shareholders' tax obligations during future sales of their shares.
The Fund, a closed-end investment vehicle, primarily focuses on income-generating equity securities affiliated with infrastructure. Details on price performance and NAV are regularly updated through the Fund's official channels.
Frequently Asked Questions
What is NYLI CBRE Global Infrastructure Fund?
It is an investment fund focusing on infrastructure-related equity securities, traded on the NYSE.
How often does the Fund distribute dividends?
The Fund distributes dividends monthly, aiming to provide consistent income to shareholders.
What is the significance of the Ex-Dividend date?
It's the cutoff date for shareholders to be eligible for the next dividend payment.
How does return of capital affect tax obligations?
A return of capital can impact the tax basis of your shares, potentially leading to taxable gains upon sale.
Where can I find more information about the Fund’s performance?
Regular updates are available through the Fund's official website and financial statements.
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