Form 4: Portfolio Manager Jeremy Anagnos Increases Stake in MainStay CBRE Global Infrastructure Megatrends Term Fund

Jeremy Anagnos, a Portfolio Manager at MainStay CBRE Global Infrastructure Megatrends Term Fund, recently acquired 300 shares of the fund at a price of $12.895 per share.

Summary

• On May 31, 2024, Jeremy Anagnos, a Portfolio Manager at MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI), purchased 300 shares of the fund.
• The purchase price was $12.895 per share.
• Following the transaction, Anagnos directly owns 24,000 shares of MEGI.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. An insider purchase generally signals confidence, but the quantity is relatively small.

Positives

• The purchase indicates confidence from a key insider (Portfolio Manager) in the fund's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders (officers, directors, or those holding more than 10% of a company's shares) buy or sell their company's stock. These filings are closely watched by investors as they can provide insights into management's view of the company's prospects.

Stakeholder Impact

• The purchase could have a slightly positive impact on shareholders as it signals confidence from a Portfolio Manager.

Key Dates