Saba Capital Trims MEGI Stake With Common Stock Sales
Saba Capital Management, L.P., a 10% owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), reported selling common shares over two days.
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Rhea-AI Filing Summary
Saba Capital Management, L.P., a 10% owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), reported selling common shares over two days. On January 8, 2026, it sold 69,325 shares of common stock at $13.59 per share, leaving 5,393,896 shares indirectly beneficially owned. On January 9, 2026, it sold another 9,145 shares at $13.72 per share, resulting in 5,384,751 shares of common stock indirectly beneficially owned after the transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,145 | $13.72 | $125K |
| Sale | Common Stock | 69,325 | $13.59 | $942K |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who reported the insider transactions in MEGI?
Saba Capital Management, L.P. reported the transactions as a 10% owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI).
What did Saba Capital Management, L.P. do in this Form 4 for MEGI?
Saba Capital Management, L.P. sold shares of MEGI common stock in two separate transactions and updated its indirect beneficial ownership totals.
AI-generated analysis. How Rhea-AI works. Not financial advice.