MEGI.NYSENyli Cbre Global Infrastructure Megatrends Term Fund

SCHEDULE: Saba Capital Adjusts Stake in NYLI CBRE Global Infrastructure Fund

Sentiment:

Schedule 13D Amendment

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Saba Capital Management, L.P. has filed an amendment to its Schedule 13D, reporting a reduction in its beneficial ownership of NYLI CBRE Global Infrastructure Megatrends Term Fund common shares to 6.66%.

Summary

  • Saba Capital Management, L.P., along with Saba GP and Boaz R. Weinstein, have filed an amendment (Amendment No. 8) to their Schedule 13D filing concerning the NYLI CBRE Global Infrastructure Megatrends Term Fund.
  • The filing indicates a reduction in beneficial ownership of the fund's common shares to 3,465,327 shares, representing 6.66% of the class.
  • This percentage is based on 52,047,534 shares outstanding as of November 30, 2025, as disclosed in the company's N-CSRS filing on February 2, 2026.
  • The transactions reported in this amendment occurred between May 7, 2026, and June 25, 2026, and involved the sale of common shares in the open market.
  • The total approximate cost to acquire the reported shares was $45,625,763.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this filing as neutral to slightly negative, primarily due to the reported reduction in beneficial ownership, indicating a divestment of shares by a significant holder.

Negatives

  • Saba Capital Management has reduced its stake in the NYLI CBRE Global Infrastructure Megatrends Term Fund, selling a significant number of shares between May 7 and June 25, 2026.

Future Outlook

No specific future outlook or guidance is provided in this filing, which primarily details past transactions and current beneficial ownership.

Management Comments

  • The filing should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
  • Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business.

Industry Context

StockSavvy.ai notes that this filing is an amendment to a Schedule 13D, indicating a significant investor's ongoing activity and potential influence over the NYLI CBRE Global Infrastructure Megatrends Term Fund. Such filings are crucial for monitoring activist investor positions and shifts in major holdings within the investment fund sector.

Stakeholder Impact

  • Shareholders may be impacted by the reduced stake of a significant holder, potentially affecting market perception and trading dynamics of the fund's shares.
  • Investors in funds managed by Saba Capital may note this change in holdings as part of the manager's overall investment strategy.

Key Dates

DateDescription
2015-11-16Date of power of attorney incorporated by reference.
2015-12-28Date of Schedule 13G filing by the Reporting Persons.
2025-11-30Date as of which shares of common stock outstanding were disclosed.
2026-02-02Date of N-CSRS filing disclosing shares outstanding.
2026-05-07Date of previous Schedule 13D/A filing.
2026-05-06First trade date reported in Schedule A (Sell).
2026-05-07Trade date reported in Schedule A (Sell).
2026-05-11Trade date reported in Schedule A (Sell).
2026-05-12Trade date reported in Schedule A (Sell).
2026-05-15Trade date reported in Schedule A (Sell).
2026-05-19Trade date reported in Schedule A (Sell).
2026-05-20Trade date reported in Schedule A (Sell).
2026-05-21Trade date reported in Schedule A (Sell).
2026-05-26Trade date reported in Schedule A (Sell).
2026-05-27Trade date reported in Schedule A (Sell).
2026-05-28Trade date reported in Schedule A (Sell).
2026-05-29Trade date reported in Schedule A (Sell).
2026-06-01Trade date reported in Schedule A (Sell).
2026-06-02Trade date reported in Schedule A (Sell).
2026-06-03Trade date reported in Schedule A (Sell).
2026-06-04Trade date reported in Schedule A (Sell).
2026-06-08Trade date reported in Schedule A (Sell).
2026-06-09Trade date reported in Schedule A (Sell).
2026-06-10Trade date reported in Schedule A (Sell).
2026-06-11Trade date reported in Schedule A (Sell).
2026-06-12Trade date reported in Schedule A (Sell).
2026-06-15Trade date reported in Schedule A (Sell).
2026-06-16Trade date reported in Schedule A (Sell).
2026-06-17Trade date reported in Schedule A (Sell).
2026-06-18Trade date reported in Schedule A (Sell).
2026-06-22Trade date reported in Schedule A (Sell).
2026-06-23Trade date reported in Schedule A (Sell).
2026-06-24Trade date reported in Schedule A (Sell).
2026-06-25Last trade date reported in Schedule A (Sell) and date of event requiring filing.
2026-06-29Date of signatures on the filing.

Recommendation

hold

The filing indicates a reduction in stake by Saba Capital, which is a significant event. However, without further context on Saba's strategy or the fund's performance, a 'hold' recommendation is appropriate, suggesting investors monitor the situation without immediate action.

Keywords

Schedule 13D, Saba Capital Management, NYLI CBRE Global Infrastructure Megatrends Term Fund, Beneficial Ownership, Securities Filing, Investment Management, Common Shares, SEC Filing

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