MainStay CBRE Fund Files Proxy Statement

TL;DR

MainStay CBRE Fund filed proxy docs, no fee. Old name was MainStay CBRE Global Infra Megatrends Fund.

AI Summary

MainStay CBRE Global Infrastructure Megatrends Term Fund filed a DEFA14A on August 19, 2024. This filing is related to proxy materials and does not involve a fee. The fund was formerly known as MainStay CBRE Global Infrastructure Megatrends Fund until April 2, 2021.

Why It Matters

This filing indicates ongoing regulatory compliance and provides shareholders with important information regarding the fund's operations and governance.

Risk Assessment

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

Key Players & Entities

• MainStay CBRE Global Infrastructure Megatrends Term Fund (company) — Registrant
• CBRE (company) — Fund Manager
• 20240819 (date) — Filing Date
• 20210402 (date) — Former Company Name Change Date

FAQ

Filing Documents

• d817527ddefa14a.htm (DEFA14A) — 18KB
• g817527g0815024817031.jpg (GRAPHIC) — 10KB
• 0001193125-24-202586.txt ( ) — 33KB

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 Dear Shareholder: The 2024 Annual Meeting of Shareholders of the MainStay CBRE Global Infrastructure Megatrends Term Fund (the Fund or MEGI) is scheduled for Friday, September 27, 2024. The Funds Board of Trustees recommends that you vote in favor of all proposals on the WHITE card from MEGI. Why reject Saba and discard the GOLD proxy card? Saba is a hedge fund that has a history of implementing initiatives that are intended to generate short-term profits to the benefit of Saba and its investors. These initiatives can impede upon a funds ability to continue to deliver income and long-term performance for its shareholders. If Sabas solicitation is successful, it could disrupt MEGIs operation and it is likely their nominee would propose a liquidity event that could adversely impact the Fund. What is wrong with Sabas solicitation efforts? Saba offers no long-term plan for the Fund. Should its efforts succeed, Sabas nominee is likely to propose a liquidity event that could necessitate negative changes in the Funds investment approach and could create negative tax implications, which may result in reduced distributions to shareholders like you. In addition, based upon CBREs global infrastructure equity market outlook and their expectations of stable or declining interest rates, we believe a liquidity event would likely reduce the Funds returns to the detriment of long-term shareholders. Why vote the White Card? The existing Board, including the Funds nominees offer many years of pertinent fund governance, investment management, and closed-end fund experience. Replacing any of the existing Trustees will jeopardize the balance of skills that the overall Board possesses and will likely undermine the performance of the Board and the Funds management. By contrast, based upon Sabas prior actions with closed-end funds, Sabas nominee is likely to propose a liquidity event that we believe would adversely impact shareholders. If you have already signed and returned a gold proxy card, you have the right as a shareholder of the Fund to change your vote before the meeting takes place. You can do this by signing and returning the WHITE proxy card sent to you by the Fund, which will replace the proxy card you previously voted. Regardless of the number of shares you own, it is important that your shares be represented at the meeting by voting your proxy. If you have any questions, please contact our Proxy Solicitor, EQ Fund Solutions, at XXX-XXX-XXXX, Monday through Friday between the hours of 9:00 AM and 10:00 PM Eastern Time. Thank you for voting. Sincerely, /s/ Kirk C. Lehneis President MainStay CBRE Global Infrastructure Megatrends Term Fund

View Full Filing

View this DEFA14A filing on SEC EDGAR