NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for June 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 6/30/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative  Distributions
Net Investment Income		$0.1250		100%		$0.1250		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.1250		100%

 

Fund Performance and Distribution Rate Information as of 5/31/2025
Average annual total return1 in relation to the net asset value (NAV)			0.85	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 5/31/2025			9.86	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 5/31/2025			12.54	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 5/31/2025			9.86	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 5/31/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 5/31/2025.

3.

Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2024 through 5/31/2025. Represents the cumulative distribution rate for the current fiscal period 6/1/2024 through 5/31/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 5/31/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, Member FINRA/SIPC.

 

5024665		REG-00063-06/25

 

 

 

 

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for July 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 7/31/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative Distributions
Net Investment Income		$0.1250		100%		$0.2500		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.2500		100%

 

Fund Performance and Distribution Rate Information as of 6/30/2025
Average annual total return1 in relation to the net asset value (NAV)			1.41	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 6/30/2025			9.73	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 6/30/2025			2.14	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 6/30/2025			0.81	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 6/30/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 6/30/2025.

3.

Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2025 through 6/30/2025. Represents the cumulative distribution rate for the current fiscal period 6/1/2025 through 6/30/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 6/30/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302, Member FINRA/SIPC.

 

5024665		REG-00071-07/25

 

 

 

 

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for August 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 8/31/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative  Distributions
Net Investment Income		$0.1250		100%		$0.3750		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.3750		100%

 

Fund Performance and Distribution Rate Information as of 7/31/2025
Average annual total return1 in relation to the net asset value (NAV)			1.69	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 7/31/2025			9.70	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 7/31/2025			3.29	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 7/31/2025			1.62	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 7/31/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 7/31/2025.

3.

Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2025 through 7/31/2025. Represents the cumulative distribution rate for the current fiscal period 6/1/2025 through 7/31/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 7/31/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

 

5024665		REG-00074-08/25

 

 

 

 

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for September 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 9/30/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative  Distributions
Net Investment Income		$0.1250		100%		$0.5000		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.5000		100%

 

Fund Performance and Distribution Rate Information as of 8/31/2025
Average annual total return1 in relation to the net asset value (NAV)			2.03	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 8/31/2025			9.63	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 8/31/2025			4.80	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 8/31/2025			2.41	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 8/31/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 8/31/2025.

3.	Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2025 through 8/31/2025.

4.	Represents the cumulative distribution rate for the current fiscal period 6/1/2025 through 8/31/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 8/31/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

 

5024665		REG-00082-09/25

 

 

 

 

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for October 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 10/31/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative  Distributions
Net Investment Income		$0.1250		100%		$0.6250		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.6250		100%

 

Fund Performance and Distribution Rate Information as of 9/30/2025
Average annual total return1 in relation to the net asset value (NAV)			2.36	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 9/30/2025			9.57	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 9/30/2025			6.31	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 9/30/2025			3.19	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 9/30/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 9/30/2025.

3.	Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2025 through 9/30/2025.

4.	Represents the cumulative distribution rate for the current fiscal period 6/1/2025 through 9/30/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 9/30/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

 

5024665		REG-00088-10/25

 

 

 

 

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) (the “Fund”) is providing this notice to shareholders with important information concerning the distribution declared for November 2025 in the amount of $0.1250 per common share. This notice is intended for informational purposes; no action is required on your part.

The following table sets forth the estimated sources of income of the current distribution, and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital or other capital source. All amounts are expressed on a per share of common stock basis and as a percentage of the distribution amount.

 Data as of 11/30/2025

 

Source		Current Distribution per Share		Percent of Current Distribution		Fiscal YTD Cumulative Distribution per Share		Fiscal YTD Percent of  Total Cumulative  Distributions
Net Investment Income		$0.1250		100%		$0.7500		100%
Net Realized Short-Term Capital Gains		$0.0000		0%		$0.0000		0%
Net Realized Long-Term Capital Gains		$0.0000		0%		$0.0000		0%
Return of Capital or Other Capital Sources		$0.0000		0%		$0.0000		0%
Total per Share		$0.1250		100%		$0.7500		100%

 

Fund Performance and Distribution Rate Information as of 10/31/2025
Average annual total return1 in relation to the net asset value (NAV)			2.04	%
Annualized current distribution rate expressed as a percentage of month end NAV as of 10/31/2025			9.75	%2
Cumulative total return3 in relation to NAV (not annualized) for the fiscal period ending 10/31/2025			5.19	%
Cumulative fiscal year distribution rate as a percentage of NAV as of 10/31/2025			4.06	%4

 

1.	Represents the annualized total return in relation to the change in NAV from inception (10/27/2021) through 10/31/2025.

2.	Represents the current monthly distribution rate annualized as a percentage of NAV as of 10/31/2025.

3.	Represents the cumulative total return in relation to the change in NAV for the current fiscal period 6/1/2025 through 10/31/2025.

4.	Represents the cumulative distribution rate for the current fiscal period 6/1/2025 through 10/31/2025, which is determined by dividing the dollar value of distributions in the period by the NAV as of 10/31/2025.

 

 

 

 

 

You should not draw any conclusions about the Fund’s investment performance from the amount of this distribution or from the terms of the Fund’s Managed Distribution Policy.

Please note: The amounts and sources of distributions reported in this 19(a) Notice are only estimated and are not being provided for tax reporting purposes. The actual amounts and sources of income of the amounts for tax reporting purposes will depend on the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

For questions regarding this notice, or for more information regarding the Fund, please contact your investment advisor, or call New York Life Investments at 855-456-9683.

 

 

 

Neither New York Life Investment Management LLC, its affiliates, nor its representatives provide tax, legal, or accounting advice. Please contact your own tax advisors.

“New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

 

5024665		REG-00090-11/25