Saba Capital reports MEGI share sale and 5.83M indirect holding
Rhea-AI Filing Summary
Saba Capital Management, L.P., a major shareholder of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI), reported a sale of common stock. On 11/20/2025, the reporting person sold 12,836 MEGI shares in an open market transaction coded as "S" at a price of $13.87 per share. Following this trade, the reporting person reported 5,827,738 MEGI shares beneficially owned in an indirect capacity. The filing was made on a Form 4, which discloses changes in ownership by insiders or large beneficial owners.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 12,836 | $13.87 | $178K |
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FAQ
What insider transaction did MEGI report on this Form 4?
The Form 4 reports that Saba Capital Management, L.P. sold 12,836 shares of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) common stock.
What is the relationship of the reporting person to MEGI?
The reporting person is identified as a 10% Owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI).
What type of SEC filing is this for MEGI?
This disclosure is a Form 4, which reports changes in the ownership of equity securities by directors, officers, and significant shareholders of MEGI.
Was the MEGI transaction reported as a sale or a purchase?
The transaction in MEGI common stock was reported with transaction code "S", which indicates a sale of shares.