SCHEDULE: Saba Capital Sells Stake in NYLI CBRE Fund

Saba Capital Management, L.P. has reported a significant reduction in its beneficial ownership of NYLI CBRE Global Infrastructure Megatrends Term Fund common shares, selling over 2.9 million shares.

Summary

• Saba Capital Management, L.P., along with its affiliates Saba GP and Boaz R. Weinstein, have filed an amendment to their Schedule 13D, reporting a decrease in their beneficial ownership of NYLI CBRE Global Infrastructure Megatrends Term Fund common shares.
• The reporting persons collectively sold approximately 2,928,750 shares between June 29, 2026, and August 17, 2026.
• This reduction in holdings brings their beneficial ownership down to 0 shares, representing 0% of the class of securities.
• The total amount paid to acquire the shares previously reported was approximately $38,560,994.
• The percentages used in previous filings were calculated based on 52,047,534 shares outstanding as of July 6, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the significant selling activity reported by Saba Capital Management, indicating a potential lack of confidence or a strategic shift away from the issuer.

Negatives

• Saba Capital Management and its affiliates have significantly reduced their holdings in the NYLI CBRE Global Infrastructure Megatrends Term Fund, selling all 2,928,750 shares they previously reported beneficial ownership of.
• The sale of the entire stake suggests a potential divestment or a change in investment strategy by a significant holder.

Risks

• The substantial sale of shares by Saba Capital Management could signal a lack of confidence in the fund's future performance or strategic direction, potentially impacting investor sentiment.
• The sale of a large block of shares could exert downward pressure on the stock price if not absorbed by market demand.

Future Outlook

No specific future outlook or guidance is provided in this filing, as it primarily reports on past transactions and changes in beneficial ownership.

Management Comments

• The filing states that the percentages used in prior filings were calculated based upon 52,047,534 shares of common stock outstanding as of 7/6/26, as disclosed in the company's DEF 14A filed 7/24/26.
• The reporting persons disclaim beneficial ownership of the shares except to the extent of their pecuniary interest.

Industry Context

StockSavvy.ai notes that significant stake reductions by investment managers like Saba Capital can be interpreted as a signal of changing market views or a reallocation of capital, potentially influencing other investors' decisions regarding infrastructure-focused funds.

Stakeholder Impact

• Shareholders may view the significant sale by Saba Capital as a negative signal, potentially impacting share price and investor confidence.
• Other investors may re-evaluate their positions in the NYLI CBRE Global Infrastructure Megatrends Term Fund based on this divestment.

Next Steps

• The reporting persons have reduced their beneficial ownership to zero shares.
• Further transactions by Saba Capital Management regarding this issuer would require new filings if beneficial ownership thresholds are met.

Key Dates

Recommendation

While the significant selling activity by Saba Capital Management is a negative signal, the filing itself is an amendment to a Schedule 13D and does not provide new operational or financial performance data for the fund. The recommendation is 'hold' as existing investors should monitor the fund's performance and market reaction to this divestment, rather than making immediate trading decisions solely based on this filing.

Keywords

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