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Saba Capital Management, L.P., a ten percent owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI), sold a total of 68,854 shares of common stock in two separate transactions. The sales occurred on October 30 and October 31, 2025, with prices ranging from $14.18 to $14.28, netting approximately $978231. MEGI, which currently trades at $14.1, has delivered impressive 27.39% year-to-date returns and boasts a "GREAT" financial health rating according to InvestingPro data.
On October 30, 2025, Saba Capital Management sold 18,816 shares at a price of $14.28 per share. The following day, October 31, 2025, the firm sold an additional 50,038 shares at $14.18 per share. Following these transactions, Saba Capital Management, L.P. still indirectly owns 6,157,697 shares of NYLI CBRE Global Infrastructure Megatrends Term Fund. The fund, with a market capitalization of $736.47 million, pays a significant 10.6% dividend yield and has raised its dividend for three consecutive years.
The sales were reported in a Form 4 filing with the Securities and Exchange Commission on November 3, 2025. The filing was signed by Zachary Gindes on behalf of Saba Capital Management, L.P., and by Boaz Weinstein. InvestingPro analysis reveals MEGI generally trades with low price volatility, making it potentially attractive for investors seeking stable income-generating assets.
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