Gold bars to be exempt from tariffs, White House clarifies
Saba Capital Management, L.P., led by Boaz Weinstein, has acquired additional shares of NYLI CBRE (NYSE:CBRE) Global Infrastructure Megatrends Term Fund (NYSE:MEGI), a $659 million market cap fund that currently offers an attractive ~12% dividend yield. The firm purchased 17,300 shares at a price of $12.46 each, amounting to a total investment of $215,558. Following this transaction, Saba Capital Management's total holdings in the fund have increased to 6,252,318 shares. The acquisition reflects the firm's continued interest in the fund, which focuses on global infrastructure investments and has delivered a 15% total return over the past year. With a "GOOD" financial health score according to InvestingPro and three consecutive years of dividend increases, the fund has demonstrated strong fundamentals. Subscribers to InvestingPro can access additional analysis and insights about MEGI's dividend sustainability and growth potential.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.