Saba holds 3,465,327 NYLI CBRE Megatrends shares (NYSE: MEGI)

Rhea-AI Filing Summary

Saba Capital Management and related reporting persons filed Amendment No. 8 to their Schedule 13D on NYLI CBRE Global Infrastructure Megatrends Term Fund. They report beneficial ownership of 3,465,327 common shares, representing 6.66% of the fund’s common shares outstanding as of 11/30/25.

The filing states that approximately $45,625,763 was paid to acquire these shares, using investor subscription proceeds, capital appreciation and ordinary-course margin borrowings. All recent trades between 5/7/26 and 6/25/26 were executed in the open market and are detailed in Schedule A to the amendment.

Key Figures

Shares beneficially owned: 3,465,327 shares Ownership percentage: 6.66% Shares outstanding: 52,047,534 shares +3 more

6 metrics

Shares beneficially owned 3,465,327 shares Common shares beneficially owned by each reporting person

Ownership percentage 6.66% Percent of MEGI common shares based on 52,047,534 outstanding as of 11/30/25

Shares outstanding 52,047,534 shares MEGI common shares outstanding as of 11/30/25 per N-CSRS

Total purchase amount $45,625,763 Approximate total paid to acquire the reported common shares

Event date 06/25/2026 Date of event requiring filing of this Schedule 13D/A

Amendment number Amendment No. 8 Amendment to the original Schedule 13D on MEGI

Key Terms

beneficial owner, margin account borrowings, Schedule 13D, N-CSRS, +2 more

6 terms

beneficial owner financial

"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"

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.

margin account borrowings financial

"and margin account borrowings made in the ordinary course of business"

Schedule 13D regulatory

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

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.

N-CSRS regulatory

"as disclosed in the company's N-CSRS filed 2/2/26"

open market financial

"which were all in the open market, are set forth in Schedule A"

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

Reporting Persons financial

"together, the "Reporting Persons""

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Available on EDGAR 06/29/2026 - 05:58 PM Accepted by SEC EDGAR 06/29/2026 - 05:58 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 8)

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)

06/25/2026

(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 3,465,327.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,465,327.00

11

Aggregate amount beneficially owned by each reporting person

3,465,327.00

12

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

13

Percent of class represented by amount in Row (11)

6.66 %

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 11/30/25, as disclosed in the company's N-CSRS filed 2/2/26.

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 3,465,327.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,465,327.00

11

Aggregate amount beneficially owned by each reporting person

3,465,327.00

12

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

13

Percent of class represented by amount in Row (11)

6.66 %

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 11/30/25, as disclosed in the company's N-CSRS filed 2/2/26.

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 3,465,327.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,465,327.00

11

Aggregate amount beneficially owned by each reporting person

3,465,327.00

12

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

13

Percent of class represented by amount in Row (11)

6.66 %

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 11/30/25, as disclosed in the company's N-CSRS filed 2/2/26.

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. 8 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 $45,625,763 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 11/30/25, as disclosed in the company's N-CSRS filed 2/2/26.
(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 5/7/26 by the Reporting Persons to 6/25/26, 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.
(e)	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 8 - 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:	06/29/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	06/29/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	06/29/2026

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

FAQ

What stake does Saba Capital report in NYLI CBRE Global Infrastructure Megatrends Term Fund (MEGI)?

Saba Capital and related reporting persons report beneficial ownership of 3,465,327 common shares of NYLI CBRE Global Infrastructure Megatrends Term Fund, representing 6.66% of the fund’s common shares outstanding as of 11/30/25, based on the issuer’s N-CSRS filing.

How much did Saba Capital pay to acquire its MEGI common shares?

The reporting persons state they paid a total of approximately $45,625,763 to acquire the MEGI common shares reported. Funds came from investor subscription proceeds, capital appreciation, and ordinary-course margin account borrowings secured by positions in those accounts.

How was Saba Capital’s ownership percentage in MEGI calculated?

The 6.66% ownership figure is calculated using 52,047,534 common shares outstanding as of 11/30/25, as disclosed in the fund’s N-CSRS filed on 2/2/26. That share count is the denominator for computing Saba’s reported ownership percentage.

What changes does Amendment No. 8 to Saba’s MEGI Schedule 13D report?

Amendment No. 8 specifically amends Items 3, 5, and 7 of the prior Schedule 13D. It updates details on the source and amount of funds, the reporting persons’ interest in the securities, and attaches Schedule A listing recent open-market transactions.

What trading activity in MEGI shares does Saba disclose in this amendment?

The reporting persons state that all transactions in MEGI common shares from 5/7/26 through 6/25/26, the event date requiring this filing, were executed in the open market. Specific trade details are incorporated by reference in Schedule A (Exhibit 8).

Who are the reporting persons on the MEGI Schedule 13D/A filed by Saba?

The amendment is jointly filed by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. They are collectively referred to as the Reporting Persons and provide a shared business address at 405 Lexington Avenue, New York, NY 10174.