UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act File Number 811-23654
MAINSTAY CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND
(Exact name of Registrant as specified in charter)
51 Madison Avenue, New York, NY 10010
(Address of principal executive offices) (Zip code)
J. Kevin Gao, Esq.
30 Hudson Street
Jersey City, New Jersey 07302
(Name and address of agent for service)
Registrant’s telephone number, including area code: (212) 576-7000
Date of fiscal year end: May 31
Date of reporting period: November 30, 2021
|
|
FORM N-CSR
Item 1. | Reports to Stockholders. |
please log in to www.computershare.com/investor.
Not FDIC/NCUA Insured | Not a Deposit | May Lose Value | No Bank Guarantee | Not Insured by Any Government Agency |
President
Cumulative Total Returns for the Period-Ended November 30, 2021 | |
Since Inception 10/27/21 | |
Net Asset Value (“NAV”)1 | (3.20)% |
Market Price1 | 0.10 |
FTSE Global Core Infrastructure 50/50 Index (Net)2 | (3.69) |
1. | Total returns assume dividends and capital gains distributions are reinvested. For periods of less than one year, total return is not annualized. |
2. | The FTSE Global Core Infrastructure 50/50 Index (Net) is the Fund's primary broad-based securities market index for comparison purposes. The FTSE Global Core Infrastructure 50/50 Index (Net) gives participants an industry-defined interpretation of infrastructure and adjusts the exposure to certain infrastructure sub-sectors. Results assume reinvestment of all dividends and capital gains. An investment cannot be made directly in an index. |
NYSE Symbol | MEGI | Premium/Discount 1 | 3.41% |
CUSIP | 56064Q107 | Total Net Assets (millions) | $968.1 |
Inception Date | 10/27/21 | Total Managed Assets (millions)2 | $1,279.6 |
Market Price | $20.02 | Leverage 3 | 24.35% |
NAV | $19.36 | Percent of AMT Bonds4 | 0.00% |
1. | Premium/Discount is the percentage (%) difference between the market price and the NAV. When the market price exceeds the NAV, the Fund is trading at a premium. When the market price is less than the NAV, the Fund is trading at a discount. |
2. | "Managed Assets" means the total assets of the Fund, including assets attributable to any form of leverage minus liabilities (other than debt representing leverage and the aggregate liquidation preference of any preferred shares that may be outstanding). |
3. | Leverage is based on the use of funds borrowed from banks or other financial institutions, expressed as a percentage of Managed Assets. |
4. | Alternative Minimum Tax (“AMT”) is a separate tax computation under the Internal Revenue Code that, in effect, eliminates many deductions and credits and creates a tax liability for an individual who would otherwise pay little or no tax, expressed as a percentage of Managed Assets. |
United States | 36.5% |
Spain | 13.3 |
United Kingdom | 13.3 |
France | 9.4 |
Italy | 6.4 |
China | 5.4 |
Canada | 4.9 |
Australia | 4.2 |
Hong Kong | 4.0% |
Singapore | 2.4 |
Guernsey | 1.2 |
Ireland | 0.5 |
Jersey, C.I. | 0.3 |
Other Assets, Less Liabilities | –1.8 |
100.0% |
† | As a percentage of Managed Assets. |
1. | National Grid plc |
2. | Engie SA |
3. | Enel SpA |
4. | Enagas SA |
5. | Williams Cos., Inc. (The) |
6. | ONEOK, Inc. |
7. | Eutelsat Communications SA |
8. | SSE plc |
9. | Guangdong Investment Ltd. |
10. | Edison International |
6 | MainStay CBRE Global Infrastructure Megatrends Fund |
1. | See page 5 for more information on Fund returns. |
Shares | Value | |
Closed-End Funds 4.9% | ||
Guernsey 1.6% (1.2% of Managed Assets) | ||
Bluefield Solar Income Fund Ltd. (Utilities) | 4,510,487 | $ 7,258,454 |
Renewables Infrastructure Group Ltd. (The) (Utilities) | 4,645,304 | 8,130,277 |
15,388,731 | ||
Jersey, C.I. 0.4% (0.3% of Managed Assets) | ||
GCP Asset-Backed Income Fund Ltd. (Diversified) | 3,114,662 | 4,001,505 |
United Kingdom 2.9% (2.2% of Managed Assets) | ||
Foresight Solar Fund Ltd. (Utilities) | 5,713,000 | 7,613,200 |
Greencoat UK Wind plc (Utilities) | 8,280,000 | 14,778,085 |
HICL Infrastructure plc (Diversified) | 2,406,514 | 5,383,314 |
27,774,599 | ||
Total Closed-End Funds (Cost $47,929,805) | 47,164,835 | |
Common Stocks 111.7% | ||
Australia 5.6% (4.2% of Managed Assets) | ||
APA Group (Utilities) | 2,860,000 | 19,429,297 |
Atlas Arteria Ltd. (Transportation) | 5,350,000 | 24,751,221 |
Aurizon Holdings Ltd. (Transportation) | 4,230,000 | 10,161,748 |
54,342,266 | ||
Canada 5.8% (4.4% of Managed Assets) | ||
Enbridge, Inc. (Midstream / Pipelines) | 934,000 | 35,043,736 |
Pembina Pipeline Corp. (Midstream / Pipelines) | 512,700 | 15,170,895 |
TransAlta Renewables, Inc. (Utilities) | 433,800 | 6,295,864 |
56,510,495 | ||
China 7.1% (5.4% of Managed Assets) | ||
Beijing Enterprises Water Group Ltd. (Utilities) | 28,770,000 | 10,736,176 |
Guangdong Investment Ltd. (Utilities) | 33,401,728 | 44,461,392 |
Jiangsu Expressway Co. Ltd. (Transportation) | 4,416,000 | 4,292,547 |
Zhejiang Expressway Co. Ltd. (Transportation) | 9,600,000 | 9,048,474 |
68,538,589 | ||
France 12.4% (9.4% of Managed Assets) | ||
Engie SA (Utilities) | 4,907,985 | 71,302,328 |
Shares | Value | |
France (continued) | ||
Eutelsat Communications SA (Communications) | 3,870,677 | $ 49,055,286 |
120,357,614 | ||
Hong Kong 5.3% (4.0% of Managed Assets) | ||
CK Infrastructure Holdings Ltd. (Utilities) | 4,843,000 | 28,040,709 |
Power Assets Holdings Ltd. (Utilities) | 3,880,000 | 23,360,605 |
51,401,314 | ||
Ireland 0.7% (0.5% of Managed Assets) | ||
Greencoat Renewables plc (Utilities) | 5,595,490 | 6,980,430 |
Italy 8.4% (6.4% of Managed Assets) | ||
Atlantia SpA (Transportation) (a) | 392,199 | 7,174,509 |
Enel SpA (Utilities) | 8,322,084 | 63,301,172 |
Terna - Rete Elettrica Nazionale (Utilities) | 1,455,497 | 10,854,866 |
81,330,547 | ||
Singapore 3.1% (2.4% of Managed Assets) | ||
Keppel Infrastructure Trust (Utilities) | 28,000,000 | 10,977,978 |
NetLink NBN Trust (Communications) | 26,053,100 | 19,283,743 |
30,261,721 | ||
Spain 17.6% (13.3% of Managed Assets) | ||
Atlantica Sustainable Infrastructure plc (Utilities) | 1,081,000 | 41,467,160 |
Enagas SA (Utilities) | 2,466,351 | 56,193,511 |
Endesa SA (Utilities) | 1,274,697 | 28,674,148 |
Naturgy Energy Group SA (Utilities) | 1,168,064 | 32,190,244 |
Red Electrica Corp. SA (Utilities) | 550,166 | 11,689,577 |
170,214,640 | ||
United Kingdom 14.6% (11.1% of Managed Assets) | ||
National Grid plc (Utilities) | 5,733,098 | 76,750,570 |
SSE plc (Utilities) | 2,265,607 | 46,763,996 |
United Utilities Group plc (Utilities) | 1,248,784 | 18,011,596 |
141,526,162 | ||
United States 31.1% (23.5% of Managed Assets) | ||
American Electric Power Co., Inc. (Utilities) | 58,959 | 4,778,627 |
CoreSite Realty Corp. (Communications) | 40,200 | 6,876,210 |
Crown Castle International Corp. (Communications) | 106,971 | 19,431,282 |
Edison International (Utilities) | 675,300 | 44,083,584 |
FirstEnergy Corp. (Utilities) | 555,600 | 20,923,896 |
Iron Mountain, Inc. (Communications) | 436,000 | 19,811,840 |
8 | MainStay CBRE Global Infrastructure Megatrends Fund |
Shares | Value | |
Common Stocks (continued) | ||
United States (continued) | ||
Kinder Morgan, Inc. (Midstream / Pipelines) | 857,000 | $ 13,249,220 |
Medical Properties Trust, Inc. (Healthcare Facilities) | 225,000 | 4,790,250 |
OGE Energy Corp. (Utilities) | 826,000 | 28,348,320 |
ONEOK, Inc. (Midstream / Pipelines) | 878,500 | 52,569,440 |
South Jersey Industries, Inc. (Utilities) | 349,100 | 8,203,850 |
Southern Co. (The) (Utilities) | 172,000 | 10,509,200 |
Uniti Group, Inc. (Communications) | 965,000 | 12,805,550 |
Williams Cos., Inc. (The) (Midstream / Pipelines) | 2,020,400 | 54,126,516 |
300,507,785 | ||
Total Common Stocks (Cost $1,112,419,963) | 1,081,971,563 | |
Convertible Preferred Stocks 10.7% | ||
United States 10.7% (8.1% of Managed Assets) | ||
AES Corp. (The) (Utilities) | ||
6.875% | 305,000 | 28,621,200 |
American Electric Power Co., Inc. (Utilities) | ||
6.125% | 68,855 | 3,356,681 |
Dominion Energy, Inc. (Utilities) | ||
Series A | ||
7.250% | 377,000 | 35,588,800 |
South Jersey Industries, Inc. (Utilities) | ||
8.750% | 1,811 | 93,864 |
Southern Co. (The) (Utilities) | ||
Series 2019 | ||
6.750% | 560,514 | 28,053,726 |
Spire, Inc. (Utilities) | ||
Series A | ||
7.500% | 155,000 | 7,670,950 |
Total Convertible Preferred Stocks (Cost $107,768,227) | 103,385,221 | |
Principal Amount | Value | |
Corporate Bond 1.2% | ||
United States 1.2% (0.9% of Managed Assets) | ||
Vistra Corp. (Utilities) 8.000%, due 10/15/26 (b)(c) | $ 11,000,000 | $ 11,522,500 |
Total Corporate Bond (Cost $11,597,019) | 11,522,500 | |
Shares | ||
Preferred Stocks 6.0% | ||
Canada 0.7% (0.5% of Managed Assets) | ||
Algonquin Power & Utilities Corp. (Utilities) (c) | ||
5.091% | 50,500 | 1,013,993 |
5.162% | 3,700 | 73,974 |
AltaGas Ltd. (Midstream / Pipelines) | ||
5.393% (c) | 31,200 | 626,222 |
Enbridge, Inc. (Midstream / Pipelines) (c) | ||
4.376% | 133,700 | 1,978,105 |
4.46% | 180,000 | 2,740,616 |
6,432,910 | ||
United States 5.3% (4.0% of Managed Assets) | ||
CMS Energy Corp. (Utilities) | ||
5.875% | 132,000 | 3,505,920 |
5.875% | 122,000 | 3,267,160 |
Digital Realty Trust, Inc. (Communications) (c) | ||
5.20% | 151,548 | 4,038,754 |
5.25% | 120,146 | 3,093,760 |
5.85% | 150,000 | 4,098,000 |
DTE Energy Co. (Utilities) | ||
5.25% | 145,000 | 3,741,000 |
6.00% | 148,000 | 3,695,560 |
Duke Energy Corp. (Utilities) | ||
5.75% (c) | 287,000 | 7,660,030 |
NextEra Energy Capital Holdings, Inc. (Utilities) | ||
5.65% | 140,000 | 3,766,000 |
NiSource, Inc. (Utilities) | ||
6.50% (c) | 286,000 | 7,699,120 |
Sempra Energy (Utilities) | ||
5.75% | 148,000 | 3,957,520 |
Shares | Value | ||
Preferred Stocks (continued) | |||
United States (continued) | |||
Spire, Inc. (Utilities) | |||
5.90% (c) | 115,000 | $ 3,095,800 | |
51,618,624 | |||
Total Preferred Stocks (Cost $59,722,875) | 58,051,534 | ||
Total Investments (Cost $1,339,437,889) | 134.5% | 1,302,095,653 | |
Line of Credit Borrowing | (32.2) | (311,500,000) | |
Other Assets, Less Liabilities | (2.3) | (22,532,227) | |
Net Assets | 100.0% | $ 968,063,426 |
† | Percentages indicated are based on Fund net assets applicable to Common Shares. |
(a) | Non-income producing security. |
(b) | Coupon rate may change based on changes of the underlying collateral or prepayments of principal. Rate shown was the rate in effect as of November 30, 2021. |
(c) | Security is perpetual and, thus, does not have a predetermined maturity date. The date shown, if applicable, reflects the next call date. |
Description | Quoted Prices in Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | Significant Unobservable Inputs (Level 3) | Total | |||
Asset Valuation Inputs | |||||||
Investments in Securities (a) | |||||||
Closed-End Funds | $ 47,164,835 | $ — | $ — | $ 47,164,835 | |||
Common Stocks | 1,081,971,563 | — | — | 1,081,971,563 | |||
Convertible Preferred Stocks | 103,385,221 | — | — | 103,385,221 | |||
Corporate Bond | — | 11,522,500 | — | 11,522,500 | |||
Preferred Stocks | 58,051,534 | — | — | 58,051,534 | |||
Total Investments in Securities | $ 1,290,573,153 | $ 11,522,500 | $ — | $ 1,302,095,653 |
(a) | For a complete listing of investments and their industries, see the Portfolio of Investments. |
10 | MainStay CBRE Global Infrastructure Megatrends Fund |
Value | Percent † | ||
Utilities | $ 918,492,910 | 94.8% | |
Midstream / Pipelines | 175,504,750 | 18.2 | |
Communications | 138,494,425 | 14.2 | |
Transportation | 55,428,499 | 5.8 | |
Diversified | 9,384,819 | 1.0 | |
Healthcare Facilities | 4,790,250 | 0.5 | |
1,302,095,653 | 134.5 | ||
Line of Credit Borrowing | (311,500,000) | (32.2) | |
Other Assets, Less Liabilities | (22,532,227) | (2.3) | |
Net Assets | $ 968,063,426 | 100.0% |
† | Percentages indicated are based on Fund net assets applicable to Common Shares. |
Assets | |
Investment in securities, at value (identified cost $1,339,437,889) | $1,302,095,653 |
Cash | 164,261 |
Cash denominated in foreign currencies (identified cost $49,431) | 49,526 |
Due from custodian | 131,025 |
Receivables: | |
Dividends and interest | 3,316,160 |
Investment securities sold | 94,354 |
Other assets | 67,612 |
Total assets | 1,305,918,591 |
Liabilities | |
Payable for Line of Credit | 311,500,000 |
Payables: | |
Investment securities purchased | 25,259,117 |
Manager (See Note 3) | 909,821 |
Shareholder communication | 47,209 |
Custodian | 13,380 |
Professional fees | 11,805 |
Trustees | 3,070 |
Transfer agent (See Note 3) | 1,250 |
Accrued expenses | 23,834 |
Interest expense and fees payable | 85,679 |
Total liabilities | 337,855,165 |
Net assets applicable to Common shares | $ 968,063,426 |
Common shares outstanding | 50,005,000 |
Net asset value per Common share (Net assets applicable to Common shares divided by Common shares outstanding) | $ 19.36 |
Net Assets Applicable to Common Shares Consist of | |
Common shares, $0.001 par value per share, unlimited number of shares authorized | $ 50,005 |
Additional paid-in-capital | 1,000,049,995 |
1,000,100,000 | |
Total distributable earnings (loss) | (32,036,574) |
Net assets applicable to Common shares | $ 968,063,426 |
12 | MainStay CBRE Global Infrastructure Megatrends Fund |
Investment Income (Loss) | |
Income | |
Dividends-unaffiliated (net of foreign tax withholding of $685,777) | $ 6,773,379 |
Interest | 62,840 |
Dividends-affiliated | 2,376 |
Total income | 6,838,595 |
Expenses | |
Manager (See Note 3) | 1,019,466 |
Interest expense and fees | 85,679 |
Shareholder communication | 47,222 |
Professional fees | 26,208 |
Custodian | 13,380 |
Insurance | 11,805 |
Registration | 6,050 |
Trustees | 3,070 |
Transfer agent (See Note 3) | 3,066 |
Miscellaneous | 6,351 |
Total expenses | 1,222,297 |
Net investment income (loss) | 5,616,298 |
Realized and Unrealized Gain (Loss) | |
Net realized gain (loss) on: | |
Foreign currency transactions | (324,880) |
Net change in unrealized appreciation (depreciation) on: | |
Unaffiliated investments | (37,342,236) |
Translation of other assets and liabilities in foreign currencies | 14,244 |
Net change in unrealized appreciation (depreciation) | (37,327,992) |
Net realized and unrealized gain (loss) | (37,652,872) |
Net increase (decrease) in net assets to Common shares resulting from operations | $(32,036,574) |
for the period October 27, 2021 (inception date) through November 30, 2021 (Unaudited)
2021 | |
Increase (Decrease) in Net Assets Applicable to Common Shares | |
Operations: | |
Net investment income (loss) | $ 5,616,298 |
Net realized gain (loss) | (324,880) |
Net change in unrealized appreciation (depreciation) | (37,327,992) |
Net increase (decrease) in net assets applicable to Common shares resulting from operations | (32,036,574) |
Capital share transactions (Common shares): | |
Net proceeds from sales of shares | 1,000,100,000 |
Net increase (decrease) in net assets applicable to Common shares | 968,063,426 |
Net Assets Applicable to Common Shares | |
Beginning of period | — |
End of period | $ 968,063,426 |
14 | MainStay CBRE Global Infrastructure Megatrends Fund |
for the period October 27, 2021 (inception date) through November 30, 2021 (Unaudited)
Cash flows from (used in) operating activities: | |
Net decrease in net assets resulting from operations | $ (32,036,574) |
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities: | |
Long term investments purchased | (1,339,445,868) |
Amortization (accretion) of discount and premium, net | 7,979 |
Increase in investment securities sold receivable | (94,354) |
Increase in dividends and interest receivable | (3,316,160) |
Increase in due from custodian | (131,025) |
Increase in other assets | (67,612) |
Increase in line of credit payable | 311,500,000 |
Increase in investment securities purchased payable | 25,259,117 |
Increase in professional fees payable | 11,805 |
Increase in custodian payable | 13,380 |
Increase in shareholder communication payable | 47,209 |
Increase in due to Trustees | 3,070 |
Increase in due to manager | 909,821 |
Increase in due to transfer agent | 1,250 |
Increase in accrued expenses | 23,834 |
Increase in interest expense and fees payable | 85,679 |
Net change in unrealized (appreciation) depreciation on unaffiliated investments | 37,342,236 |
Net cash from (used in) operating activities | (999,886,213) |
Cash flows from financing activities: | |
Proceeds from shares sold | 1,000,100,000 |
Net cash from financing activities | 1,000,100,000 |
Net increase in cash | 213,787 |
Cash at beginning of period | — |
Cash at end of period | $ 213,787 |
Supplemental disclosure of cash flow information: | |
Cash | $164,261 |
Cash denominated in foreign currencies | 49,526 |
Total cash and restricted cash shown in the Statement of Cash Flows | $213,787 |
October 27, 2021^ through November 30, 2021* | |
Net asset value at beginning of period applicable to Common shares | $ 20.00 |
Net investment income (loss) | 0.12 |
Net realized and unrealized gain (loss) | (0.76) |
Total from investment operations | (0.64) |
Net asset value at end of period applicable to Common shares | $ 19.36 |
Market price at end of period applicable to Common shares | $ 20.02 |
Total investment return on market price (a) | 0.10% |
Total investment return on net asset value (a) | (3.20)% |
Ratios (to average net assets of Common shareholders)/ Supplemental Data: | |
Net investment income (loss) | 6.04%†† |
Net expenses (including interest expense and fees) | 1.32%†† |
Interest expense and fees (b) | 0.09%†† |
Portfolio Turnover Rate | —% |
Net assets applicable to Common shareholders at end of period (in 000’s) | $ 968,063 |
* | Unaudited. |
^ | Inception date. |
†† | Annualized. |
(a) | Total investment return on market price is calculated assuming a purchase of a Common share at the market price on the first day and a sale on the last day business day of each month. Dividends and distributions are assumed to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. Total investment return on net asset value reflects the changes in net asset value during each period and assumes the reinvestment of dividends and distributions at net asset value on the last business day of each month. This percentage may be different from the total investment return on market price, due to differences between the market price and the net asset value. For periods less than one year, total investment return is not annualized. |
(b) | Interest expense and fees relate to the Line of Credit borrowing (See Note 6). |
16 | MainStay CBRE Global Infrastructure Megatrends Fund |
• | Level 1—quoted prices in active markets for an identical asset or liability |
• | Level 2—other significant observable inputs (including quoted prices for a similar asset or liability in active markets, interest rates and yield curves, prepayment speeds, credit risk, etc.) |
• | Level 3—significant unobservable inputs (including the Fund's own assumptions about the assumptions that market participants would use in measuring fair value of an asset or liability) |
• Broker/dealer quotes | • Benchmark securities |
• Two-sided markets | • Reference data (corporate actions or material event notices) |
• Bids/offers | • Monthly payment information |
• Industry and economic events | • Reported trades |
18 | MainStay CBRE Global Infrastructure Megatrends Fund |
20 | MainStay CBRE Global Infrastructure Megatrends Fund |
Federal Tax Cost | Gross Unrealized Appreciation | Gross Unrealized (Depreciation) | Net Unrealized Appreciation/ (Depreciation) | |
Investments in Securities | $1,339,437,889 | $9,113,173 | $(46,455,409) | $(37,342,236) |
Common Shares | Shares | Amount |
Period October 27, 2021 (inception date) through November 30, 2021: | ||
Shares sold | 50,005,000 | $1,000,100,000 |
Month | Ex-Date | Record Date | Payable Date | Amount |
January | 1/13/22 | 1/14/22 | 1/31/22 | $0.1083 |
February | 2/14/22 | 2/15/22 | 2/28/22 | $0.1083 |
March | 3/14/22 | 3/15/22 | 3/31/22 | $0.1083 |
22 | MainStay CBRE Global Infrastructure Megatrends Fund |
24 | MainStay CBRE Global Infrastructure Megatrends Fund |
26 | MainStay CBRE Global Infrastructure Megatrends Fund |
28 | MainStay CBRE Global Infrastructure Megatrends Fund |
Louisville, Kentucky 40233
(855) 456-9683
1925777MS209-21 | MSMEGI10-01/22 |
Item 2. | Code of Ethics. |
Not applicable.
Item 3. | Audit Committee Financial Expert. |
Not applicable.
Item 4. | Principal Accountant Fees and Services. |
Not applicable.
Item 5. | Audit Committee of Listed Registrants. |
Not applicable.
Item 6. | Investments. |
The Schedule of Investments is included as part of Item 1 of this report.
Item 7. | Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Not applicable.
Item 8. | Portfolio Managers of Closed-End Management Investment Companies. |
Not applicable.
Item 9. | Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Not applicable.
Item 10. | Submission of Matters to a Vote of Security Holders. |
There have been no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.
Item 11. | Controls and Procedures. |
(a) Based on an evaluation of the Registrant’s Disclosure Controls and Procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) (the “Disclosure Controls”), as of a date within 90 days prior to the filing date (the “Filing Date”) of this Form N-CSR (the “Report”), the Registrant’s principal executive officer and principal financial officer have concluded that the Disclosure Controls are reasonably designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the Filing Date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant’s management, including the Registrant’s principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.
(b) There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d)) under the Investment Company Act of 1940 that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 12. | Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Not applicable.
Item 13. | Exhibits. |
(a) |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.
MAINSTAY CBRE GLOBAL INFRASTRUCTURE MEGATRENDS FUND
By: | /s/ Kirk C. Lehneis | |||
Kirk C. Lehneis | ||||
President and Principal Executive Officer | ||||
Date: February 7, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
By: | /s/ Kirk C. Lehneis | |||
Kirk C. Lehneis | ||||
President and Principal Executive Officer | ||||
Date: February 7, 2022 |
By: | /s/ Jack R. Benintende | |||
Jack R. Benintende | ||||
Treasurer and Principal Financial and Accounting Officer | ||||
Date: February 7, 2022 |
EXHIBIT INDEX