Saba Capital (MEGI) 10% owner reports insider share sales

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 in two transactions. On January 6, 2026, it sold 47,920 shares at $13.74 per share, and on January 7, 2026, it sold 47,547 shares at $13.70 per share, for a total of 95,467 shares over the two days. Following these sales, Saba Capital beneficially owned 5,510,768 shares and then 5,463,221 shares of MEGI common stock, reported as held indirectly.

Insights

Equity analyst – insider activity

Large MEGI shareholder reports modest secondary sales over two days.

Saba Capital Management, L.P., identified as a 10% owner of MEGI, disclosed secondary-market sales of common stock on consecutive days in early January 2026. The transactions were coded "S", indicating open-market or similar dispositions of already-held shares rather than new issuance by the fund.

The sales totaled 95,467 shares at prices of about $13.74 and $13.70 per share. After these trades, Saba Capital still reported beneficial ownership of over 5,463,221 MEGI shares, held indirectly, so the position remains sizable.

Because these are sales by an existing 10% holder and not new share issuance, they describe a change in who holds the shares, not a change to MEGI’s capital structure. Future filings may provide additional detail if Saba Capital continues to adjust its position.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NY 10174

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
NYLI CBRE Global Infrastructure Megatrends Term Fund [ MEGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/06/2026		S		47,920	D	$13.74	5,510,768	I	-
Common Stock	01/07/2026		S		47,547	D	$13.7	5,463,221	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	01/08/2026
	Boaz Weinstein	01/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

Who reported insider transactions in MEGI common stock?

Saba Capital Management, L.P. reported the transactions as a 10% owner of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI).

What MEGI share sales did Saba Capital report on this Form 4?

Saba Capital reported selling 47,920 MEGI common shares on January 6, 2026 and 47,547 shares on January 7, 2026, for a total of 95,467 shares.

At what prices were the MEGI shares sold by Saba Capital?

The reported sales were at prices of $13.74 per share on January 6, 2026 and $13.70 per share on January 7, 2026.

How many MEGI shares did Saba Capital own after the reported transactions?

After the January 6, 2026 sale, Saba Capital beneficially owned 5,510,768 MEGI shares, and after the January 7, 2026 sale, it owned 5,463,221 shares.

Is Saba Capital’s MEGI ownership reported as direct or indirect?

The Form 4 reports Saba Capital’s MEGI common stock holdings as indirect ownership, with the ownership form marked as "I".

Does this Form 4 indicate any MEGI derivative security activity?

No derivative security transactions are listed; the reported activity in the excerpt involves only non-derivative MEGI common stock.