Gold bars to be exempt from tariffs, White House clarifies
Saba Capital Management, L.P., a significant shareholder in NYLI CBRE (NYSE:CBRE) Global Infrastructure Megatrends Term Fund (NYSE:MEGI), a $665 million market cap fund offering an attractive 11.75% dividend yield, recently acquired an additional 65,752 shares of the fund. According to InvestingPro data, MEGI has maintained a strong dividend track record, raising distributions for three consecutive years. The purchase, which occurred on March 11, 2025, was made at a price of $12.69 per share, totaling approximately $834,392. The acquisition price represents an attractive entry point, with the fund showing a 7% gain year-to-date. Following this transaction, Saba Capital Management holds a total of 6,235,018 shares in the fund. The transaction was reported by Boaz Weinstein, a key figure in the firm, and was filed with the SEC on March 13, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.