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Saba Capital Management, L.P., a prominent investment firm, has recently increased its stake in the NYLI CBRE (NYSE:CBRE) Global Infrastructure Megatrends Term Fund (NYSE:MEGI) by acquiring a significant number of shares. According to a recent SEC filing, Saba Capital purchased 379,538 shares of common stock at a price of $12.48 per share, amounting to a total investment of approximately $4.74 million. This acquisition brings Saba Capital’s total ownership in the fund to 6,169,266 shares. The fund, with a market capitalization of $649.55 million, currently offers an attractive dividend yield of 12.02% and has maintained dividend increases for three consecutive years, according to InvestingPro data.
The transaction was executed on March 10, 2025, with the filing submitted on March 11, 2025. The move highlights Saba Capital’s continued interest in the infrastructure sector, as the firm remains a significant stakeholder in the fund. Boaz Weinstein, a key figure at Saba Capital, is also reported as a beneficial owner in the filing.
Investors may view this acquisition as a noteworthy development, considering Saba Capital’s strategic investment approach and the fund’s focus on global infrastructure trends.
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