Saba Capital reports 5.63% stake in MEGI

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is the subject of this Amendment No. 9 to a Schedule 13D, reporting updated ownership information for Saba Capital Management and its affiliates.

Accepted by SEC EDGAR 08/18/2026 - 05:22 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI) is the subject of this Amendment No. 9 to a Schedule 13D, reporting updated ownership information for Saba Capital Management and its affiliates. The reporting group, including Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein, reports beneficial ownership of 2,928,750 common shares, representing 5.63% of MEGI’s common shares outstanding.

The percentage is based on 52,047,534 shares outstanding as of July 6, 2026, as disclosed in MEGI’s proxy statement. All reported common shares are held with shared voting and shared dispositive power. The filing states that approximately $38,560,994 was paid to acquire these shares, using investor subscription proceeds, related capital appreciation, and ordinary-course margin account borrowings. The amendment updates Items 3, 5, and 7, and notes that recent transactions from June 29, 2026 to August 17, 2026 were open-market trades listed in an attached Schedule A.

Key Figures

Shares beneficially owned: 2,928,750 shares Ownership percentage: 5.63% Shares outstanding: 52,047,534 shares +4 more

7 metrics

Shares beneficially owned 2,928,750 shares Common shares of MEGI beneficially owned by each reporting person

Ownership percentage 5.63% Percent of MEGI common shares outstanding represented by 2,928,750 shares

Shares outstanding 52,047,534 shares MEGI common shares outstanding as of July 6, 2026, per DEF 14A

Total cost of shares $38,560,994 Approximate total paid to acquire the reported MEGI common shares

Shared voting power 2,928,750 shares Shares over which the reporting persons have shared power to vote

Shared dispositive power 2,928,750 shares Shares over which the reporting persons have shared power to dispose

Event date 08/17/2026 Date of the event requiring the filing of this Schedule 13D/A

Key Terms

beneficial owner, dispositive power, margin account borrowings, Schedule 13D, +1 more

5 terms

beneficial owner regulatory

"the beneficial owner of the Common Shares reported herein"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

dispositive power regulatory

"sole or shared power to dispose or to direct the disposition"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

margin account borrowings financial

"capital appreciation thereon and margin account borrowings made in the ordinary course"

Schedule 13D regulatory

"a statement on Schedule 13G to report the acquisition that is the subject"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

DEF 14A regulatory

"as disclosed in the company's DEF 14A filed 7/24/26"

A Form 14A is a document that companies send to shareholders before important meetings, such as votes on company decisions. It provides detailed information about the topics to be discussed or voted on, helping shareholders make informed choices. This form is essential because it ensures transparency and allows investors to understand what they are approving or rejecting.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of MEGI does Saba Capital currently report owning?

Saba Capital and its affiliates report beneficial ownership of 5.63% of NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI). This percentage is calculated using 52,047,534 shares outstanding as of July 6, 2026, as disclosed in MEGI’s proxy statement.

How many MEGI shares are reported as beneficially owned by Saba Capital?

The reporting group discloses beneficial ownership of 2,928,750 MEGI common shares. All of these shares are held with shared voting and shared dispositive power, and none are reported with sole voting or sole dispositive power.

What did Saba Capital pay to acquire its MEGI position?

Saba Capital states that a total of approximately $38,560,994 was paid to acquire the reported MEGI common shares. The funds came from investor subscription proceeds, related capital appreciation, and ordinary-course margin account borrowings.

What share count did Saba Capital use to calculate its 5.63% MEGI stake?

The 5.63% ownership figure is based on 52,047,534 MEGI common shares outstanding as of July 6, 2026. This outstanding share count is referenced from MEGI’s DEF 14A proxy statement filed on July 24, 2026.

Were Saba Capital’s recent MEGI trades made in the open market?

Yes. The filing states that all transactions in MEGI common shares from June 29, 2026 through August 17, 2026 were open-market trades. Specific trade details are listed in Schedule A, which is incorporated by reference as an exhibit.

Who are the reporting persons in this MEGI Schedule 13D/A?

The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They jointly file the Schedule 13D/A and report shared voting and dispositive power over the same 2,928,750 MEGI shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

NYLI CBRE Global Infrastructure Megatrends Term Fund

(Name of Issuer)

Common Shares, $0.001 par value

(Title of Class of Securities)

56064Q107

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

08/17/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 56064Q107

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,928,750.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,928,750.00

11

Aggregate amount beneficially owned by each reporting person

2,928,750.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.63 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 52,047,534 shares of common stock outstanding as of 7/6/26, as disclosed in the company's DEF 14A filed 7/24/26.

SCHEDULE 13D

CUSIP Number(s): 56064Q107

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,928,750.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,928,750.00

11

Aggregate amount beneficially owned by each reporting person

2,928,750.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.63 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 52,047,534 shares of common stock outstanding as of 7/6/26, as disclosed in the company's DEF 14A filed 7/24/26.

SCHEDULE 13D

CUSIP Number(s): 56064Q107

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,928,750.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,928,750.00

11

Aggregate amount beneficially owned by each reporting person

2,928,750.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.63 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 52,047,534 shares of common stock outstanding as of 7/6/26, as disclosed in the company's DEF 14A filed 7/24/26.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $0.001 par value
(b)	Name of Issuer: NYLI CBRE Global Infrastructure Megatrends Term Fund
(c)	Address of Issuer's Principal Executive Offices: 51 Madison Avenue, New York, NEW YORK , 10010.
Item 1 Comment: This Amendment No. 9 amends Items 3, 5, and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $38,560,994 was paid to acquire the Common Shares reported herein.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 52,047,534 shares of common stock outstanding as of 7/6/26, as disclosed in the company's DEF 14A filed 7/24/26.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 6/29/26 by the Reporting Persons to 8/17/26, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 9 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	08/18/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	08/18/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	08/18/2026

Comments accompanying signature:

Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823