MainStay CBRE Global Infrastructure Term Fund Files Proxy Materials

TL;DR

MainStay CBRE Global Infrastructure Term Fund filed proxy materials, no fee required.

AI Summary

MainStay CBRE Global Infrastructure Megatrends Term Fund filed a Definitive Additional Materials proxy statement on August 5, 2024. The filing relates to the company's proxy materials and does not involve a fee. The fund is incorporated in Delaware and has a fiscal year end of May 31.

Why It Matters

This filing indicates that the fund is providing updated or additional information to shareholders regarding proxy matters, which is crucial for shareholder voting and corporate governance.

Risk Assessment

Risk Level: low — The filing is a routine proxy statement update and does not indicate any immediate financial distress or significant operational changes.

Key Numbers

• 0001855066 — Central Index Key (Unique identifier for the company in SEC filings.)
• 811-23654 — SEC File Number (Identifier for the fund's registration with the SEC.)

Key Players & Entities

• MainStay CBRE Global Infrastructure Megatrends Term Fund (company) — Registrant
• CBRE (company) — Investment Manager
• 20240805 (date) — Filing Date
• 51 MADISON AVENUE (location) — Business Address
• DE (state) — State of Incorporation

FAQ

Key Financial Figures

• $1.30 — annual per-share distribution rate from $1.30 to $1.50 per year . Your Funds nomine
• $1.50 — r-share distribution rate from $1.30 to $1.50 per year . Your Funds nominees are hi

Filing Documents

• d877530ddefa14a.htm (DEFA14A) — 17KB
• g877530g0801094815035.jpg (GRAPHIC) — 3KB
• g877530g43r37.jpg (GRAPHIC) — 3KB
• 0001193125-24-193473.txt ( ) — 27KB

From the Filing

CBRE GLOBAL INFRASTRUCTURE MEGATRENDS TERM FUND MAINSTAY CBRE GLOBAL INFRASTRUCTURE MEGATRENDS TERM FUND UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Rule 14a-12 MAINSTAY CBRE GLOBAL INFRASTRUCTURE MEGATRENDS TERM FUND (Name of Registrant as Specified in its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of filing fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: N/A 2) Aggregate number of securities to which transaction applies: N/A 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): N/A 4) Proposed maximum aggregate value of transaction: N/A 5) Total fee paid: N/A Fee paid with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: N/A 2) Form, Schedule or Registration Statement No.: N/A 3) Filing Party: N/A 4) Date Filed: N/A August 5, 2024 Dear Shareholder: I am writing to ask you to support your Funds nominees for the Board of Trustees at MainStay CBRE Global Infrastructure Megatrends Term Funds 2024 Annual Meeting of Shareholders. Your Fund is under attack by an activist hedge fund, Saba Capital Management, L.P. Saba is seeking to replace one of your experienced Trustees with their own nominee, in furtherance of its short-term agenda that we believe to be contrary to the long-term goals of the Funds shareholders as a whole . To protect your investment, we ask that you please return our enclosed WHITE proxy card and vote FOR your Funds nominees. Your Board has taken significant actions to protect your investment in the Fund , including approving a 15% increase to the Funds annual distribution rate in August 2023, increasing the annual per-share distribution rate from $1.30 to $1.50 per year . Your Funds nominees are highly qualified and have significant experience overseeing the management of the Fund and other MainStay Funds. Both of your Funds nominees are independent , and six (6) of the seven (7) members of the Funds Board are independent , with a fiduciary duty to act in the best interest of all of the Funds shareholders . Under your Boards leadership, the Fund has delivered on its mandate to deliver high current income by paying monthly distributions since its inception in 2021 . By contrast, Sabas nominee is an officer of Saba and represents the interests of Saba. And unlike your Funds Board, Saba has no fiduciary duty to the Funds shareholders Saba regularly seeks to cause closed-end funds to engage in actions which can result in adverse consequences for long-term investors. I ask you to join me in protecting your investment in the Fund by voting FOR the Funds nominees on the enclosed WHITE proxy card. Thank you for your continued loyalty and support. Sincerely, Kirk C. Lehneis President MainStay CBRE Global Infrastructure Megatrends Term Fund New York Life Investments is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company.

View Full Filing

View this DEFA14A filing on SEC EDGAR