In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in NYLI CBRE (NYSE:CBRE) Global Infrastructure Megatrends Term Fund (NYSE:MEGI), a $633 million market cap fund currently offering an attractive 12.3% dividend yield, has acquired additional shares of the fund's common stock. The acquisition, detailed in a Form 4 filing with the Securities and Exchange Commission, shows that Saba Capital purchased 45,553 shares at a price of $12.16 per share on December 31, 2024. This purchase amounts to a total investment of $553,924.
Following this transaction, Saba Capital now holds 5,775,813 shares of the fund. Boaz Weinstein, a ten percent owner along with Saba Capital, also signed the filing, affirming the acquisition. This move reflects a continued interest and investment in the infrastructure-focused fund by Saba Capital.
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