Form 4: MEGI Portfolio Manager Sells 8,000 Shares

Jeremy Anagnos, a Portfolio Manager for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), sold 8,000 shares of the fund's common stock on October 16, 2025.

Summary

• Jeremy Anagnos, identified as a Portfolio Manager for NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), reported transactions.
• On October 16, 2025, Anagnos disposed of 5,000 shares of NYLI CBRE Global Infrastructure Megatrends Term Fund at a price of $14.88 per share.
• On the same date, October 16, 2025, an additional 3,000 shares were disposed of at a price of $14.84 per share.
• Following these transactions, Anagnos beneficially owns 20,000 shares of NYLI CBRE Global Infrastructure Megatrends Term Fund.

Sentiment

Score: 3

Explanation: The sentiment is moderately negative due to a Portfolio Manager selling a significant portion of their holdings, which can be perceived as a lack of confidence or belief that the stock is fully valued.

Negatives

• A Portfolio Manager selling a significant portion of their holdings (8,000 shares out of an initial 28,000, representing approximately 28% of their reported beneficial ownership before the sales) can be interpreted as a negative signal regarding their outlook on the fund's future performance or valuation.

Risks

• Insider selling, particularly by a key management figure like a Portfolio Manager, may signal a lack of confidence in the company's near-term prospects or that the stock is currently overvalued, potentially leading to negative investor sentiment and downward pressure on the share price.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the fund's future performance or strategy.

Industry Context

This Form 4 filing reports an individual insider transaction and does not provide broader industry context or trends. It reflects a specific action by a portfolio manager within the infrastructure megatrends investment space.

Stakeholder Impact

• Shareholders may interpret the insider selling as a negative indicator, potentially leading to decreased confidence in the fund's future performance and possibly influencing their investment decisions.
• Potential investors might view this transaction as a cautionary signal, impacting their willingness to invest in the fund.

Key Dates

Recommendation

While insider selling by a Portfolio Manager is generally a negative signal, the transaction represents a partial divestment rather than a complete exit. Investors should 'hold' and monitor future insider activity and the fund's performance, as this single event, while notable, may not warrant an immediate 'sell' without further corroborating information or a significant change in the fund's fundamentals.

Keywords

MEGI, NYLI CBRE Global Infrastructure Megatrends Term Fund, Insider Sale, Form 4, Portfolio Manager, Stock Disposal, Beneficial Ownership