Dissident Nominee Emerges as Saba Capital Challenges NYLI CBRE Fund at Upcoming Shareholder Meeting

Reuters

07-11

Dissident Nominee Emerges as Saba Capital Challenges NYLI CBRE Fund at Upcoming Shareholder Meeting

NYLI CBRE Global Infrastructure Megatrends Term Fund is experiencing a wave of shareholder activism as it approaches its Annual Meeting of Shareholders, scheduled for October 1, 2025, at the offices of New York Life Investment Management LLC in New York City. Saba Capital Master Fund, Ltd., managed by Saba Capital Management, L.P., has announced its intention to nominate Paul Kazarian as a candidate for the board of trustees. Saba, a private fund known for its activist strategies, is seeking to influence the composition of the board by introducing fresh perspectives. The meeting's agenda includes electing five trustees, with two Class II Trustees serving until 2027 and three Class III Trustees until 2028. Shareholders are closely monitoring the developments to understand the potential impact on the fund's strategic direction and governance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NYLI CBRE Global Infrastructure Megatrends Term Fund published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-157542), on July 10, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NYLI CBRE Global Infrastructure Megatrends Term Fund published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-157542), on July 10, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MEGI","symbol_name":"MainStay CBRE Global Infrastructure Megatrends Fund","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250710:nNDL4njmvr:1","article_id":"2550620788","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550620788","pubTimestamp":1752169899,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NYLI CBRE Global Infrastructure Megatrends Term Fund is experiencing a wave of shareholder activism as it approaches its Annual Meeting of Shareholders, scheduled for October 1, 2025, at the offices of New York Life Investment Management LLC in New York City. 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