NYLI CBRE Global Infrastructure Fund Files Definitive Materials

TL;DR

NYLI CBRE Global Infrastructure Fund filed definitive proxy materials on 9/15/25, no fee paid.

AI Summary

NYLI CBRE Global Infrastructure Megatrends Term Fund filed a DEFA14A on September 15, 2025. This filing is for definitive additional materials and indicates no filing fee was required. The fund was formerly known as MainStay CBRE Global Infrastructure Megatrends Term Fund until June 30, 2023.

Why It Matters

This filing provides important updates and materials for shareholders of the NYLI CBRE Global Infrastructure Megatrends Term Fund, ensuring they have the necessary information for proxy voting and understanding fund operations.

Risk Assessment

Risk Level: low — This filing is a routine proxy statement for additional materials and does not involve new proposals or significant financial changes that would inherently increase risk.

Key Numbers

• 0001855066 — Central Index Key (Unique identifier for the filer)

Key Players & Entities

• NYLI CBRE Global Infrastructure Megatrends Term Fund (company) — Registrant
• MainStay CBRE Global Infrastructure Megatrends Term Fund (company) — Former Company Name
• 20250915 (date) — Filing Date

FAQ

Filing Documents

• d943455ddefa14a.htm (DEFA14A) — 23KB
• g943455g0814000002256.jpg (GRAPHIC) — 3KB
• g943455g0814000716836.jpg (GRAPHIC) — 2KB
• g943455g0814000716930.jpg (GRAPHIC) — 2KB
• g943455g0828054346013.jpg (GRAPHIC) — 3KB
• g943455g0910190834173.jpg (GRAPHIC) — 19KB
• 0001193125-25-202822.txt ( ) — 65KB

From the Filing

CBRE GLOBAL INFRASTRUCTURE MEGATRENDS TERM FUND NYLI 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 NYLI 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 September 15, 2025 Dear Shareholder: This year's October 1, 2025 Annual Meeting of Shareholders is critical to determining the future of the NYLI CBRE Global Infrastructure Megatrends Term Fund (the "Fund" or "MEGI"). Your vote, no matter the number of shares you own, will have a significant impact on our Fund's success. MEGI's Board of Trustees recommends that you vote on the WHITE proxy card today. Vote all WHITE proxy cards you receive from MEGI. Discard any and all GOLD proxy cards you receive from Saba Capital Management, L.P. ("Saba"). We encourage you to consider the following as you make your decision: MEGI's Board has been proactive in efforts to close the discount: Saba's proposed change to our Fund's Independent trustees and elimination of the classified board structure is not warranted: – Approved a 15% increase to our Fund's monthly distribution. – Renamed our Fund with the goal of highlighting limited-term structure designed to benefit long-term shareholders and increasing secondary trading market liquidity for the Fund's shares. – Initially structured our Fund as a term trust to ensure long term investors receive NAV upon termination of the trust. – The Board maintains confidence in its ability and the investment managers ability to deliver attractive total returns and income over the life of our Fund. – The Board and Fund management are committed to continued thoughtful actions designed to enhance long-term shareholder value and improving the relationship between our Fund's Net Asset Value (NAV) and its market price. – Our Fund's classified board structure supports stability, continuity, independence, and long-term planning. Following the increase in our Fund's regular monthly distribution, MEGI's discount has gradually improved. Our Fund's discount has narrowed by 57% from -13.78% on August 31, 2023 to -5.87% on September 2, 2025. MEGI04 Source: Morningstar Direct, as of 9/2/2025. Bottom Line Our Fund is under attack by Saba. Saba is a New York City based hedge fund manager with a long and established history of acting in its own self-interest, including implementing initiatives that are intended to generate short-term profits to the benefit of Saba and its investors. Saba sent you proxy materials asking for your vote on an opposing trustee nominee and a non-binding shareholder proposal for inclusion in the Fund's proxy statement to eliminate our Fund's classified board structure. Adding Saba's trustee nominee to the Board could disrupt MEGI's operations, and Saba's trustee nominee may propose a liquidity event that could adversely impact our Fund. Additionally, our Fund's classified board structure supports stability, continuity, independence, and long-term planning. This structure has been in place, and disclosed to Fund investors, since the Fund's inception. The Board does not have the power to declassify itself and only shareholders have the authority to amend our Fund's governing documents. Our Fund plans to fight vigorously against Saba's trustee nominee and will continue fighting for ALL shareholders. As such, we ask that Saba's Gold proxy cards be d

View Full Filing

View this DEFA14A filing on SEC EDGAR